ALEXANDRIA, Va. (Sept. 11, 2019) – Federally insured credit unions generally saw continued positive trends in the second quarter of 2019, according to the latest NCUA Quarterly U.S. Map Review.
The 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.
Nationally credit union membership growth continued, with the strongest growth concentrated in larger credit unions. At the median, membership was roughly unchanged. Eighty-eight percent of federally insured credit unions reported positive net income at the end of the second quarter. Median annual loan growth in the year ending in the second quarter was 4.6 percent, and median annual asset growth was 1.7 percent.