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NCUA state data shows loan, membership growth hot spots
ALEXANDRIA, Va. (6/6/14)--Idaho credit unions were at the top of many categories in the National Credit Union Administration's state-level data from the first quarter of this year. The NCUA Quarterly U.S. Map Review is prepared by NCUA's Office of the Chief Economist and tracks performance indicators for federally insured credit unions in the 50 states and the District of Columbia.
 
The review includes two key state-level economic indicators: unemployment rates and home price changes, and also has data on median loan growth and median return on average assets (ROAA) to aid comparisons of typical credit unions across states.
 
Among the state-level findings are:
  • Outstanding loans grew faster in 44 states, and seven states saw slower growth. Idaho (17.7%) and Iowa (14.1%) had the fastest growth;

  • Memberships grew in 43 states with Idaho (8.7%) and Virginia (8.2%) reporting the fastest growth. Of the eight states where membership declined, Indiana experienced the largest contraction at 4.1%;

  • Compared with the first quarter of 2013, ROAA was higher in 14 states, unchanged in one state and lower in 36 states. Utah had the highest ROAA  at 128 basis points (bp), followed by North Carolina (112 bp). New Jersey (24 bp) and Connecticut (26 bp) posted the lowest ROAA;

  • Federally insured credit unions in Idaho (8.9%) and Arizona (8%) experienced the fastest overall growth in total assets. Assets fell 1.3% in Massachusetts, 0.7% in New Jersey and 0.5% in Maryland;

  • Idaho posted the largest gain of any state in federally insured credit unions' shares and deposits, with 8%. Shares and deposits fell in Massachusetts (2.5%), Maryland (0.5%) and New Jersey (0.3%); and

  • New Jersey (1.8%) and Delaware (1.6%) posted the highest total delinquency rates. New Hampshire (0.4%) and North Dakota (0.5%) had the lowest.
According to the NCUA, statewide declines in assets, loans, shares and members in Massachusetts over the past year resulted from the conversion of a large credit union to a bank.

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