ALEXANDRIA, Va. (March 20, 2024) – According to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration, federally insured credit unions experienced growth in loans and the share of credit unions with positive net income increased over the year ending in the fourth quarter of 2023, while delinquencies rose and assets and shares and deposits declined.
Nationally, assets among federally insured credit unions declined 1.5 percent at the median, and shares and deposits declined 3.0 percent over the year ending in the fourth quarter of 2023. Loans outstanding rose by 6.2 percent at the median over the year ending in the fourth quarter of 2023. The median total delinquency rate at the end of 2023 was 61 basis points, compared with 48 basis points at the end of 2022. Additionally, 87 percent of federally insured credit unions had positive year-to-date net income in the fourth quarter of 2023, compared with 85 percent in the fourth quarter of 2022.
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.