Analysis for Second Quarter Reflects Diversity of Economic Recovery
ALEXANDRIA, Va. (Sept. 5, 2012) – A new analysis from the National Credit Union Administration (NCUA) underscores that federally insured credit union performance at the state level often reflects local economic conditions in the states as the recovery continues.
“Nationally, trends in the credit union industry are generally positive,” said NCUA Board Chairman Debbie Matz. “These state-by-state analyses will help credit union officials easily see the various indicators of economic recovery in their state and region.” The NCUA Quarterly U.S. Map Review provides this important information.
States like North Dakota, New Mexico, New York, Iowa, and Washington are among those where federally insured credit unions are showing better-than-average performance across several indicators. Others, like Nevada, New Jersey, and Hawaii, are still grappling with local economic challenges.
NCUA’s Office of the Chief Economist prepares and issues the review each quarter. The NCUA Quarterly U.S. Map Review for the second quarter expands on the information contained in the agency’s first such report issued in June. The expanded second-quarter review provides state-level credit union data and maps on key metrics like:
- Return on average assets
- Annual membership growth
- Annual loan growth
- Annual asset growth
- Annual share and deposit growth
- Delinquency rate
- Annualized net charge-off rates
The analysis also includes tables on two important economic indicators—state unemployment rates and changes in state home price indices.
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, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.