NCUA 4Q 2012 Map Details Financial, Membership Gains for CUs

Posted by Marissa Anema Wednesday, March 06, 2013 11:07:00 AM

 

ALEXANDRIA, Va. – The fourth quarter of 2012 was marked by growth in federal credit unions’ assets and loans, according to the latest Quarterly U.S. Map Review released this week by the NCUA.

Results varied state-to-state. NCUA’s analysis, available here, looks at key state-level indicators for federally insured credit unions, including employment rates and home price changes.

“Our analysis shows credit unions are growing as the economy improves, making investments in their members and communities,” NCUA Chairman Debbie Matz said. “This mapping tool provides important benchmarks on industry performance at the ground level.”

Nationally, return on average assets (ROAA) at federally insured credit unions was 86 basis points in 2012, up from 67 basis points in 2011. ROAA rose in 45 states and all territories. New Jersey and Connecticut (34 basis points each) had the lowest ROAA in the country during 2012, while Arizona had the highest ROAA (139 basis points). New Jersey (55%) and Connecticut (58%) also had the lowest shares of federally insured credit unions with positive ROAA in the fourth quarter.

Total loans outstanding grew at an annual rate of 4.6% in the fourth quarter. Forty-four states and Washington, D.C. reported positive loan growth. North Dakota (15.2%) and Oklahoma (12.1%) posted the fastest loan growth rates. Loans declined in six states and territories, led by Nevada’s 13.2% decline.

Asset growth in 2012 outpaced the previous year, with an annualized rate of 6.2% in the fourth quarter. Iowa (11.8%) and North Dakota (11.5%) had the fastest growth in total assets in the last quarter. Only Nevada posted an asset decline (-6.5%) in the quarter.

NCUA’s Office of the Chief Economist prepares and issues the quarterly review, which includes other state-level credit union data and maps on key metrics, such as:

  • Membership growth—up 2.2% nationally to 93.8 million members
  • Share and deposit growth—up 6.1%nationally.
  • Delinquency rates—down to 1.2% nationally.

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