ARLINGTON, Va. – While credit union performance metrics in June showed improvement in several categories, lending slowed, according to NAFCU’s Economic & CU Issues Monitor.
The Monitor, which surveys NAFCU members, showed return on average assets for respondents’ CUs increased by six basis points in June due to both increasing income and slower asset growth. The overall delinquency ratio fell by eight basis points during the month. First mortgages increased by 1.5% after declining in May.
However, year-over-year loan growth fell from 6% to 4.1% in June. The loan-to-share ratio for survey participants declined from 83.8% in May to 82.7% in June.