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News Now

Washington
NEW: NCUA Identifies States With Greatest Membership Growth
ALEXANDRIA, Va. (9/5/13, UPDATED 10:25 a.m. ET)--The newest analysis of state-level data for federally insured credit unions was been released this morning by the National Credit Union Administration and among its revelations: Idaho and Virginia were the top states for membership growth in the year ending in the second quarter.
 
Overall, the analysis shows, membership in federally insured credit unions rose 2.2% to 95.2 million. While that pace was slightly slower than the year ending second quarter 2012, membership increased in 41 of the states and territories, with Idaho (8.8%) and Virginia (7.9 %) leading the way with the greatest growth.
 
Membership advance were not universal, however.  The NCUA state-by-state figures show declines in 11 states, the Virgin Islands and Washington, D.C.; the worst membership experience was observed in Nevada with a decline of 4.5%.
 
Read News Now Friday for more on the state-by-state report, such as where the greatest loan growth occurred.


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