ALEXANDRIA, Va. (Dec. 16, 2020) – Federally insured credit unions experienced double-digit asset and share-and-deposit growth over the year ending in the third quarter of 2020, according to the latest NCUA Quarterly U.S. Map Review (opens new window).
Nationally, median asset growth over the year ending in the third quarter of 2020 was 12.0 percent as compared to 1.9 percent in the third quarter of 2019. Median growth in shares and deposits over the year ending in the third quarter of 2020 was 13.4 percent as compared to 1.5 percent during the year ending in the third quarter of 2019.
Among the other highlights in the report, and compared to third quarter 2019, membership was down slightly at the median, loans outstanding declined 0.6 percent at the median, the median total delinquency rate was 47 basis points as compared to 61 basis points, the loan-to-share ratio was 62 percent as compared to 71 percent, the median annualized return on average assets was 42 basis points as compared to 65 basis points, and 82 percent of federally insured credit unions had positive net income as compared to 89 percent.
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 the unemployment rate and home prices for U.S. states and territories.
WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee…
WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and…
Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities…
WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with…
WASHINGTON – The United States and the People’s Republic of China held the sixth meeting…
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…