ALEXANDRIA, Va. — Despite a slight slowdown in membership growth, credit unions saw median loan growth of 3.8% in 2014, with delinquencies holding steady and asset growth also on the rise, according to new data released Thursday by NCUA.
The regulator's "Quarterly U.S. Map Review" found that CUs median loan growth rose 1.3 percentage points between the fourth quarter of 2013 and the same time period last year, with Arizona and Idaho leading the way with 10.4% and 9.7% loan growth, respectively.
All states saw positive loan growth except for Delaware, which stayed at zero, and the District of Columbia, where loans shrank by 0.5%.
Loan to share ratios sat at 61% for the year, a slight lift from 59% at the end of 2013. Median loan to share ratios were highest in Idaho (86%), followed by Maine and Wisconsin at 80%, while Hawaii and Delaware brought up the rear with 42% and 43%, respectively.
The median asset level rose by 0.4 percentage points year over year to 2.0% nationally at the end of 2014, with Alaska (6.3%) and Vermont (5.8%) leading the way, while New Jersey was the only state with negative asset growth in 2014, at 0.3% in the red.
ROA rose two basis points from the previous year, and return on average assets was positive in all 50 states.
'Great Divide' Persists
Overall membership growth was down by 0.3% and, as has been the case for several years now, the bulk of membership gains were at larger institutions. Nearly 53% of credit unions lost members during the year, and most of those had assets of $50 million or less.
Growth rates were highest in Alaska and Idaho (2.6% and 2.2%, respectively), but membership shrank in 27 states, with Pennsylvania seeing the steepest decline at 1.8% negative growth.
The overall delinquency rate remained steady at 0.9% nationally, compared to 1% the previous year. Delinquencies were highest in the District of Columbia and New Jersey (1.8% and 1.7%, respectively), with North Dakota showing a 0.3% delinquency rate.
More information is available on NCUA's website.