SEATAC, Wash., and WICHITA, Kan. (9/10/13)--Northwest and Kansas credit unions had strong second quarters, according to separate recent reports.
The 175 credit unions in Oregon and Washington did well, based on an analysis of the National Credit Union Administration's Financial Performance Reports, said the Northwest Credit Union Association (Anthem Sept. 3).
Return on assets in the quarter remained strong, up 1.26% in Washington and 0.89% in Oregon. Delinquency rates continued their decline in Washington (0.70%) and Oregon (0.84%). Net worth was up 10.23% in Washington and 9.45% in Oregon.
For all of NWCUA's 175 credit unions in the second quarter, deposits were up 5%, membership increased 4%, and loan growth rose 4%.
Kansas state-chartered credit unions' assets climbed 5.47% to $4.87 billion in the quarter, compared with second quarter 2012, according to the Kansas Department of Credit Unions Quarterly Call Report Statistics (The Wichita Eagle Sept. 6).
Also, credit union loans were up 6.65% from a year ago, totaling $3.18 billion, the report indicated.
Overall U.S. credit union membership growth is moving three times faster than U.S. population growth, according to the Credit Union National Association's monthly sample of credit unions for July. That report also reflects a continuation of strong, overall first-half-of-the-year results (News Now Sept. 4).
Total memberships expanded rapidly in July--increasing by 0.4% in the month and pushing them over the 98 million mark.