FARMERS BRANCH, Texas (3/15/11)--Credit unions in Texas finished 2010 with a net worth of 9.8%, almost three points higher than federal examiners benchmark for well-capitalized financial institutions, according to the 2010 year-end Texas Profile. In the past five years savings in Texas credit unions grew by over $17.7 billion and loans by $9.4 billion (LoneStar Leaguer March 14). Although still strong, savings growth rates in Texas credit unions finished the year at 7%, down from the 11.6 % in 2009 and 12.1% in 2008, but still higher than the pre-recession levels. The membership growth rates were also down, indicating that the wave of dissatisfied banking customers has passed. As experienced across all financial institutions, consumers continued to pay down debt and avoid adding new debt. Credit unions’ loan growth rate was 2.6% at year end. This has caused the loan-to-share ratio to decrease to 73.4% from a high of 82.2% prior to the recession. Sixty-day delinquencies also receded. Return on assets for Texas credit unions increased to 55 basis points, a 16-point jump from the previous year and more than double the position in 2008. Net-interest margin also increased to 342 basis points. Overall market penetrations by Texas credit unions grew during the previous year and were above the 2006 level. Credit union market share increased for credit cards, unsecured loans, used automobiles, first mortgages and share-draft accounts as consumers took advantage of lower rates and better terms.