Credit union assets, delinquencies grow in Q4 2023

Total assets at federally insured credit unions rose $88 billion, or 4.1%, to $2.26 trillion over the year ending in the fourth quarter of 2023, according to NCUA’s latest financial performance data.

Insured shares and deposits grew $37 billion, or 2.2%, to $1.72 trillion. The delinquency rate at federally insured credit unions was 83 basis points in the fourth quarter of 2023, up 21 basis points from one year earlier.

Highlights [CB1] from the NCUA’s Quarterly Data Summary Report for the fourth quarter of 2023 include:

• The return on average assets for federally insured credit unions was 69 basis points in 2023, down from 88 basis points in 2022. The median return on average assets across all federally insured credit unions was 60 basis points, up 10 basis points from a year earlier;

 

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