NCUA: The Gem and Sooner States Lead Loan Growth in Quarterly Review
Idaho and Oklahoma credit unions led the nation in loan growth for the 12 months preceding March 31, according to data released Tuesday by the NCUA. Idaho posted a 12.4% increase in loans outstanding, and Oklahoma credit unions reported 12.2% growth.
Credit unions in 49 out of 54 states and territories measured reported positive loan growth. Of the four states that experienced decreasing loan balances, Nevada reported the greatest loss at -8.8%.
The NCUA Quarterly U.S. Map Review looks at key state-level indicators, including unemployment rates and home price changes, for federally insured credit unions in the 50 states, the District of Columbia, Puerto Rico, Guam and the Virgin Islands.
Total loans outstanding grew 4.9% in the year ending in the first quarter of 2013 after rising 2.2% during the previous year.
Every state except Nevada also showed asset growth during this 12-month period. Iowa (10.4%) had the highest rate of growth, while Nevada credit union assets declined 3.2%.
Nationally, annualized return on average assets at federally insured credit unions was 83 basis points in the first quarter of 2013, down slightly from 85 basis points in the first quarter of 2012.
ROAA rose in 12 states and in Guam and Puerto Rico. Utah had the highest ROAA (155 basis points) while Delaware had the lowest (26 basis points).
Nationally, 71% of federally insured credit unions had positive ROAA in the first quarter of 2013, down slightly from 74% the year prior. The share of credit unions with positive ROAA rose in 13 states and Washington, D.C., and remained unchanged in Guam and the Virgin Islands. Maine (93%) had the highest share of federally insured credit unions with positive ROAA among the states, while Hawaii (58%) had the lowest.
NCUA’s Office of the Chief Economist prepares and issues the quarterly map review, which includes other state-level credit union data and maps on essential metrics, such as:
- Annual membership growth—Up 2.3% nationally to 94.6 million members. Membership grew 2% in the year ending in the first quarter of 2012.
- Annual share and deposit growth—Up 5.1% nationally, down from a 6.7% rise the year before.
- Delinquency rates—Down to 1% nationally from 1.4% the year before.
- Annualized net charge-off rates—Down to 0.61% nationally from 0.78% the year before.