Federally insured credit unions experienced growth in nearly every area during the third quarter of 2016, according to state-level data released by the NCUA this week.
Median loan growth in those credit unions was 3.9% during the year ending in the third quarter, while median asset growth reached 4.2%. The median growth in deposits and shares was 4.5% and the median loans-to-shares ratio increased to 63%.
The 3.9% median loan growth was down from 4.1% the previous year. The median growth rate was the highest in Washington, where it reached 9.7%, followed by Oregon at 8.1%.
Median loan growth was the lowest in Pennsylvania, at 0.1% and Connecticut at 0.8%.
Median asset growth reached 4.2% nationally, up from 2.4% a year earlier. Median asset growth was the fastest in Oregon, which stood at 8.7%, followed by Washington and Arizona at 7.5%
Median asset growth was the lowest in Washington D.C. at 0.6% and Arkansas at 1.8%.
Median shares and deposits increased in every state over last year, standing at 4.5%, compared with 2.3% a year ago.
The median growth rate was the highest at 8.5% in Oregon, while the growth rate was the lowest in Washington, D.C.—0.2%.
Nationally, 80% of federally insured credit unions had positive net income during the first three quarters of the year, compared with 78% in 2015.
The median delinquency rate was 0.7% in the third quarter of the year, down slightly from 0.8% a year ago. At the end of the third quarter, the median delinquency rate was the lowest in New Hampshire and Nevada at 0.3% and the highest in New Jersey at 1.7%
However, at the median, membership declined 0.1% in federally insured credit unions during the same period. About three-quarters of the credit unions with declining memberships had assets of less than $50 million.
