Federally insured credit unions saw membership, loans and net worth grow in the fourth quarter of 2013, while net interest margins declined, according to call report data released by the NCUA on March 3.

Compared to the fourth quarter of 2012, compressed net interest margins contributed to a reduction in return on average assets. However, the agency said the majority of federally insured credit unions remain well capitalized.

NCUA Chairman Debbie Matz warned credit unions about excessive interest rate risk.

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