Lending, assets, insured shares, delinquencies rise in 3Q

Total loans outstanding in federally insured credit unions increased $132 billion, or 9.1%, over the year ending in the third quarter of 2023, to $1.59 trillion, according to the latest financial performance data released by NCUA.

Total assets rose by $79 billion, or 3.7%, to $2.23 trillion during the same period. Insured shares and deposits increased $23 billion, or 1.4%, to $1.72 trillion, from one year earlier. Also, for the third quarter of 2023, the delinquency rate was 72 basis points, up 19 basis points from one year earlier.

The NCUA’s Quarterly Credit Union Data Summary provides an overview of the financial performance of federally insured credit unions based on information reported to the agency in the third quarter of 2023.

As of Sept. 30, 2023, there were 4,645 federally insured credit unions with 138.8 million members.

 

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