MADISON, Wis. (6/14/13)--Credit unions in several states nationwide reported first quarter growth.
Texas credit unions finished the first quarter above the national average in the return on average assets category, the Texas Credit Union League said (Lone Star Leaguer June 6). While the national average was 71%, Texas managed to fall above average within the 75-80% category, with 80% and higher being the highest category. Texas credit unions also experienced one of the lowest delinquency rates in the nation. While the national average sat at 1%, Texas fell into the 0.7 or less category (the lowest delinquency rate category).
Colorado credit unions ranked higher than the national average in many key metrics, according to National Credit Union Administration data. Colorado credit unions experienced a 6% increase in year-over-year asset growth, and a 5.8% increase in deposit growth (North Colorado Business Report June 5).
Total assets for Kansas state-charted credit unions climbed 6.51% to $4.87 billion from the first quarter of 2012. In that same period, total loans grew 5.47% to $3.06 billion, according to the Kansas Department of Credit Unions First Quarter 2013 Call Report (The Wichita Eagle June 6).
The National Credit Union Administration reported that Florida-based credit unions grew their deposits 4.1% in the 12 months ended March 31. Florida-based banks increased their deposits only 2.4% over the same period (South Florida Business Journal June 5).