The National Credit Union Administration (NCUA) released its latest quarterly U.S. Map Review report for the fourth quarter of 2024, highlighting trends among credit unions across the nation using an interactive map on the agency’s website.
According to the survey results, federally insured credit unions saw growth in shares and deposits while loans outstanding were unchanged and the median delinquency rate ticked higher.
Median asset growth among credit unions surveyed was about 0.9 percent for the year ending the fourth quarter of 2024 while shares and deposits increased by 0.8 percent.
Nationally, loans outstanding remained relatively unchanged for the year. Median loan growth was strongest in Nevada (4.5 percent) and Montana (4.4 percent).
Meanwhile, 24 states and Washington, D.C., saw median declines in loans outstanding over the course of the year, led by Oklahoma (-3.2 percent) and West Virginia (-2.7 percent).
In 2023, credit unions saw a 6.2 percent increase in loans outstanding on the median.
The median delinquency rate rose compared to last year. It sat at 69 basis points at the end of the fourth quarter, compared with 61 basis points at the end of 2023.
In the fourth quarter alone, 86 percent of federally insured credit unions saw positive year-to-date net income, compared with 87 percent in the fourth quarter of 2023.
The report accounts for the following key indicators pertaining to credit union performance: median four-quarter growth in assets; median four-quarter growth in shares and deposits; median four-quarter growth in members; median four-quarter growth in loans; median delinquent loans as a share of total loans; median loans outstanding as a share of total shares and deposits; median year-to-date annualized return on average assets; and share of federally insured credit unions with positive year-to-date net income.