NCUA releases Q1 2022 state-level credit union data report
ALEXANDRIA, VA (June 14, 2022) — Federally insured credit unions experienced growth in assets, shares and deposits, and loans outstanding over the year ending in the first quarter of 2022, according to the latest Quarterly U.S. Map Review(opens new window) released today by the National Credit Union Administration.
Nationally, median asset growth for federally insured credit unions over the year ending in the first quarter of 2022 was 5.2 percent, compared with growth of 17.1 percent during the same period a year earlier. Median growth in shares and deposits over the year ending in the first quarter of 2022 was 5.7 percent, compared with 19.5 percent during the same period a year ago.
Loans outstanding rose 4.6 percent at the median over the year ending in the first quarter of 2022. This stands in contrast to the previous year when loans declined 0.4 percent at the median. The median total delinquency rate among federally insured credit unions was 31 basis points at the end of the first quarter of 2022, compared with 34 basis points in the first quarter of 2021.
Overall, 77 percent of federally insured credit unions had positive net income in the first quarter of 2022, compared with 78 percent in the first quarter of 2021. At least 55 percent of credit unions in every state and the District of Columbia had positive net income in the first quarter of 2022. The median annualized return on average assets at federally insured credit unions was 42 basis points in the first quarter of 2022, compared with 38 basis points in the first quarter of 2021.
The NCUA’s Quarterly U.S. Map 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.
About National Credit Union Administration (NCUA)
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 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
