NCUA releases Q3 2022 state-level data report
ALEXANDRIA, VA (December 19, 2022) — Federally insured credit unions experienced continued asset and deposit growth over the year ending in the third quarter of 2022, while loan growth was the strongest in at least two decades, according to the latest NCUA Quarterly U.S. Map Review.
Nationally, median asset growth over the year ending in the third quarter of 2022 was 3.4 percent, down from 10.4 percent one year ago. Median growth in shares and deposits over the year ending in the third quarter of 2022 was 3.7 percent, compared with 11.5 percent a year ago. Loans outstanding at federally insured credit unions rose 10.1 percent at the median over the year ending in the third quarter of 2022. During the previous year, loans grew 2.5 percent at the median. At the end of the third quarter of 2022, the median total delinquency rate among federally insured credit unions was 40 basis points, compared with 34 basis points in the third quarter of 2021.
Nationally, 83 percent of federally insured credit unions had positive net income in the first three quarters of 2022, compared with 84 percent in the first three quarters of 2021. The annualized median return on average assets at federally insured credit unions was 50 basis points in the first three quarters of 2022, compared with 56 basis points a year ago.
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.
