NCUA Expands State Performance Mapping Analysis
The NCUA expanded its state-by-state quarterly performance analysis, releasing second-quarter statistics Wednesday that tripled the number of financial indicators tracked during first quarter 2012.
New key financial indicator categories tracked and mapped by state include net charge offs, asset growth, deposit growth and member growth. Previous categories include ROAA, delinquencies and loan growth.
- SEE the NCUA map and Credit Union Times’ state-by-state analysis.
The NCUA also added economic data such as state unemployment rates, year-to-year change in unemployment, and statistics regarding housing prices. The additional categories help underscore how credit union performance at the state level often reflects local economic conditions in the states as the recovery continues, the NCUA said in a release.
States like North Dakota, New Mexico, New York, Iowa, and Washington are among those where federally insured credit unions are showing better-than-average performance across several indicators. Others, like Nevada, New Jersey, and Hawaii, are still grappling with local economic challenges.
“Nationally, trends in the credit union industry are generally positive,” said NCUA Board Chairman Debbie Matz. “These state-by-state analyses will help credit union officials easily see the various indicators of economic recovery in their state and region.”
The 2012 second-quarter performance at the state level report is now available as a PDF, along with graphics and tables, on the NCUA’s website.