ALEXANDRIA, Va.—FICUs in Alaska and Idaho showed the highest median loan growth through June, according to NCUA’s latest state-level data.
Growth in Alaska was 13.4%, while and Idaho followed at 11.3%. Arkansas (-1.2%) was the only state in which median loan growth was negative.
Idaho led all states in median asset growth (6.9%), followed by Alaska (5.5%). New Jersey (-0.5%) and Pennsylvania (-0.2%) had negative median asset growth over the year.
Overall median loan growth in federally insured credit unions nationwide was 4% during the year ending June 30, 2015.
Nationally, four-quarter median growth in assets and in shares and deposits were both up moderately from the four quarters ending in June 2014, while median delinquency rates declined slightly. Aggregate return on average assets in the first half of 2015 held steady from the same period a year ago. Credit union membership increased over the year, concentrated in larger credit unions. Overall, 52% of federally insured credit unions had fewer members at the end of the second quarter of 2015 than a year earlier.
Nationally, the median ratio of loans outstanding to total shares and deposits was 60% at the end of the second quarter of 2015, compared to 58% at the end of the second quarter of 2014. The median loan-to-share ratio was highest among credit unions in Idaho (87%) and Maine (79%). The median loan-to-share ratio was lowest in Hawaii (41%) and Delaware (44%).
Nationally, the annualized aggregate return on average assets at federally insured credit unions was 81 basis points during the first half of 2015, matching the aggregate return on average assets from a year earlier. The aggregate return on average assets was positive in every state during the first half of 2015.
Utah (140 basis points) had the highest aggregate return, followed by Washington (110 basis points). New Jersey (23 basis points) and Connecticut (34 basis points) posted the lowest aggregate returns on average assets.
Nationally, federally insured credit unions’ median growth rate for shares and deposits was 1.8% in the year ending in the second quarter of 2015, up from 1.2% during the previous year. New Hampshire (5.6%) and Alaska (5.1%) showed the highest median growth rates for shares and deposits. At the median, shares and deposits fell in New Jersey (-0.7%), the District of Columbia (-0.4%), Delaware (-0.4%) and Pennsylvania (-0.2%).
The median delinquency rate at federally insured credit unions was 0.8% nationally in the second quarter of 2015, down from 0.9% a year earlier. New Hampshire and Colorado (both 0.3%) had the lowest median delinquency rates, while the District of Columbia and New Jersey (both 1.6%) posted the highest rates.
Overall membership in federally insured credit unions continued to grow in the year ending in the second quarter of 2015, and that growth tended to be concentrated in larger institutions. The median membership growth rate was negative 0.3%. Credit unions with falling memberships tend to be small; about 75% had assets of less than $50 million.
Alaska (3.9%) had the highest median membership growth rate, followed by Idaho (2.7%). Median membership growth was negative in 21 states, with Pennsylvania (-2.1%) ranking lowest.