The review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information on two important state-level economic indicators: the unemployment rate and home prices.
Nationally credit union membership growth continued, with the strongest growth concentrated in larger credit unions. At the median, membership was roughly unchanged. Eighty-eight percent of federally insured credit unions reported positive net income at the end of the second quarter. Median annual loan growth in the year ending in the second quarter was 4.6 percent, and median annual asset growth was 1.7 percent.
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 118 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
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