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.
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