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NCUA Breaks Down Third-Quarter Data by State
ALEXANDRIA, Va. (12/5/13)--Idaho credit unions had the strongest third quarter by a number of measures, according to a report published Wednesday by the National Credit Union Administration that broke down thrid-quarter data by states.
 
Idaho's federally chartered credit unions topped the annual state-by-state growth charts in terms of outstanding loans, membership and assets. The state also posted one of the lowest delinquency rates, along with New Hampshire, for the period ending Sept. 30.
 
Credit unions in Idaho posted loan growth of 15.2% and membership growth of 8.9%. Finishing second in both categories were Rhode Island, with loan growth of 12.6%, and Virginia, with membership growth of 7.8%. Loan growth increased in all but three of 54 states and territories, while membership grew in all but nine.
 
The state-by-state breakdown also showed Utah and Washington leading at the end of the third quarter in terms of annualized rate of return, at 144 and 117 basis points respectively. Washington, D.C. and Connecticut posted the weakest rates of return, at 25 and 30 basis points. The annualized rate of average return on assets only grew in eight out of 54 states and territories monitored by the NCUA.
 
States that had the highest proportion of federally insured credit unions with positive net income were Maine, Alaska and New Mexico--all at 92%. Hawaii and Connecticut had the lowest number of credit unions with positive net incomes, at 55% and 58%. The proportion of credit unions with positive net income was up in 17 states and Washington, D.C. It was stagnant in Alaska, Wyoming, and Guam.
 
Leading the nation in asset growth alongside Idaho was Iowa, which also the saw the largest increase in share and deposit growth.
 
Delinquency rates were highest in New Jersey and Florida.
 
At the end of the third quarter, NCUA nationwide credit union annual growth statistics showed that:
  • 95.9 million Americans belonged to a credit union--an increase of 2.2%;
  • Loan growth increased by 6.8%;
  • The delinquency rate declined to 1% from 1.2 %;
  • The annualized average return on assets was down to 80 basis points from 86 basis points;
  • Asset growth declined to 4.3% from 6.5%;
  • Shares and deposit growth fell to 4.2% this year, from 6.2% last year; and,
  • The proportion of credit unions with positive net income fell to 72% from 73%.


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