All but three states reported improvements in lending during thethird quarter of 2012, according to a state-by-state analysisreleased Monday by the NCUA.

Loan growth was particularly strong in New York, Iowa,Tennessee, North Dakota and New Hampshire. Only Nevada, Montana and New Jersey experienced declines in lendingduring the dog days of summer.

  • SEE Credit Union Times' map and state-by-stateanalysis

Overall, federally insured credit unions saw outstanding loanbalances increase by 4.3% during the 12 months preceding September2012, reflecting a continuing economic recovery and growingconsumer confidence, the NCUA said.

“Consumer credit drives the economy, and credit unions provideconsumers with access to the credit needed to buy homes, purchasecars, and pay for groceries at the store,” said NCUA Board ChairmanDebbie Matz.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.