ALEXANDRIA, Va. (July 9, 2020) – Federally insured credit unions generally saw asset, share-and-deposit, and loan growth over the year ending in the first quarter of 2020, according to the latest NCUA Quarterly U.S. Map Review.
Nationally, median asset growth over the year ending in the first quarter of 2020 was 3.0 percent. Membership in federally insured credit unions overall continued to grow during the year, though at the median, membership declined slightly. The median growth rate of loans outstanding was 2.0 percent over the year ending in the first quarter of 2020, compared to 5.8 percent over the year ending in the first quarter of 2019.
During the first quarter of 2020, 80 percent of federally insured credit unions had positive net income, compared to 86 percent during the first quarter of 2019. Nationally, the median annualized return on average assets was 41 basis points during the first quarter of 2020, compared to 56 basis points during the first quarter of 2019.
The NCUA’s Quarterly U.S. Map Review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information on two important state-level economic indicators: the unemployment rate and home prices.