Outstanding loan balances increased 1.2% during the third quarter and share balances increased 8.8% through September, according to analysis of aggregated 5300-call reports by Callahan & Associates.
On a disappointing note, credit unions reported a 1.69% delinquency ratio. This represents a 10 basis point increase from June, though the rate of increase is the slowest in the past four quarters.
Loan delinquencies increased by two basis points.
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The analysis is based on the firm's examination of the reports of 7,631 credit unions through its FirstLook program, also revealed that the ratio of net worth to assets was 10.1%.
The average annualized year to date return on assets was 0.27% and the average annualized year to date return on assets before the additional NCUSIF expense was 0.72%.
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