NCUA Quarterly U.S. Map Review - Third Quarter 2021

The NCUA Quarterly U.S. Map Review for the third quarter of 2021 covers several key indicators of the financial health and viability of federally insured credit unions, including:1

  • Median four-quarter growth in assets,
  • Median four-quarter growth in shares and deposits,
  • Median four-quarter growth in members,
  • Median four-quarter growth in loans,
  • Median delinquent loans as a share of total loans,
  • Median loans outstanding as a share of total shares and deposits,
  • Median year-to-date return on average assets, and
  • Share of federally insured credit unions with positive year-to-date net income.

Four-quarter growth is the growth from the end of the third quarter of 2020 through the third quarter of 2021. Most maps shown in this review display medians, or the 50th percentile of the distribution of the variable. In other words, for a given metric, half of all credit unions had a value at or above the median, while the other half had a value that was less than or equal to the median.2

Data presented in this review are rounded. Unless otherwise noted, indicators in percentages are rounded to the nearest tenth of a percentage point, while indicators in basis points are rounded to the nearest basis point. In the legends, the data range in each color band excludes the value of the lower bound but includes the value of the upper bound of the range. Credit unions are included in their states of chartering or the states in which their headquarters are located.

NCUA makes information about the financial performance of federally insured credit unions available through its online Research a Credit Union tool. Through this link, you can locate information contained in an individual credit union’s Call Report as well as obtain a Financial Performance Report and summary documents about a credit union’s performance.

For comments or suggestions about the NCUA Quarterly U.S. Map Review, please send an email to ocemail@ncua.gov.

Highlights

  • The median annual asset growth in the U.S. is 10.4%.
  • Nationally, median asset growth over the year ending in the third quarter of 2021 was 10.4 percent. In other words, half of all federally insured credit unions had asset growth at or above 10.4 percent and half had asset growth of 10.4 percent or less. In the year ending in the third quarter of 2020, the median growth rate in assets was 12.0 percent.
  • Over the year ending in the third quarter of 2021, median asset growth was highest in Idaho (20.3 percent) and Nevada (16.1 percent).
  • At the median, assets grew the least in New Jersey (5.9 percent) and Washington, D.C. (6.2 percent).

Highlights

  • The median annual share and deposit growth in the U.S. 11.5%.
  • Nationally, median growth in shares and deposits over the year ending in the third quarter of 2021 was 11.5 percent. In the year ending in the third quarter of 2020, the median growth rate in shares and deposits was 13.4 percent.
  • Over the year ending in the third quarter of 2021, median growth in shares and deposits was highest in Idaho (20.2 percent) and Nevada (17.7 percent).
  • At the median, shares and deposits grew the least in New Jersey (6.8 percent) and Washington, D.C. (7.3 percent).

Highlights

  • The median annual membership growth in the U.S. is -0.4%.
  • While overall membership in federally insured credit unions continued to grow during the year ending in the third quarter of 2021, at the median, membership declined 0.4 percent. Membership also declined 0.4 at the median during the preceding year (over the year ending in the third quarter of 2020). Overall, about 55 percent of federally insured credit unions had fewer members at the end of the third quarter of 2021 than a year earlier. Credit unions with falling membership tend to be small; almost 65 percent had less than $50 million in assets in the third quarter of 2021.
  • Over the year ending in the third quarter of 2021, credit unions headquartered in Idaho (3.9 percent) and Alaska (3.7 percent) posted the highest median membership growth rates.
  • In 23 states and Washington, D.C., the median membership growth rate for federally insured credit unions was negative. At the median, membership declined the most in New Jersey (-2.7 percent) and Washington, D.C. (-1.9 percent), and was unchanged in Kentucky.

Highlights

  • The median annual loan growth in the U.S. is 2.5%.
  • Nationally, loans outstanding rose 2.5 percent at the median over the year ending in the third quarter of 2021. During the previous year, loans declined by 0.6 percent at the median.
  • Over the year ending in the third quarter of 2021, median loan growth was strongest in Idaho (16.3 percent) and Wyoming (10.4 percent).
  • In seven states, the median loan growth rate for federally insured credit unions was negative. At the median, loans outstanding declined the most in New Jersey (-2.7 percent) and Delaware (-2.4 percent). Median loan growth was also negative in Maryland, Massachusetts, Pennsylvania, Virginia, and West Virginia, over the year.

Highlights

  • The median total delinquency rate in the U.S. is 34 basis points.
  • At the end of the third quarter of 2021, the median total delinquency rate among federally insured credit unions was 34 basis points, compared with 47 basis points in the third quarter of 2020.
  • At the end of the third quarter of 2021, the median delinquency rate was highest in New Jersey (91 basis points), followed by Delaware and Louisiana (both 62 basis points).
  • The median delinquency rate was lowest in Utah (14 basis points) and Oregon (15 basis points) at that time.

Highlights

Loan-to-share ratios are rounded to the nearest percentage point

  • The median loan-to-share ratio in the U.S. is 57%.
  • Nationally, the median ratio of total loans outstanding to total shares and deposits (the loan-to-share ratio) was 57 percent at the end of the third quarter of 2021. At the end of the third quarter of 2020, the median loan-to-share ratio was 62 percent.
  • The median loan-to-share ratio was highest in Vermont (75 percent), followed by Idaho and Wyoming (both 73 percent).
  • The median loan-to-share ratio was lowest in New Jersey (37 percent) and Hawaii (42 percent) at that time.

Highlights

  • The median return on average assets in the U.S. is 56 basis points.
  • Nationally, the annualized median return on average assets at federally insured credit unions was 56 basis points in the first three quarters of 2021, compared with 42 basis points in the first three quarters of 2020.
  • South Dakota (114 basis points) and Rhode Island (106 basis points) had the highest annualized median returns on average assets in the first three quarters 2021.
  • Ohio (22 basis points) and Connecticut (23 basis points) had the lowest annualized median return on average assets during that time.

Highlights

Share growth rates on this page are rounded to the nearest percentage point.

  • Nationally, 84 percent of federally insured credit unions had positive net income in the first three quarters of 2021, compared with 82 percent in the first three quarters of 2020.
  • At least 65 percent of federally insured credit unions in every state and Washington, D.C. had positive net income in the first three quarters of 2021.
  • The share of federally insured credit unions with positive net income was highest in Alaska and Vermont (both 100 percent), followed by Washington (98 percent).
  • The share was lowest in Nebraska and Washington, D.C. (both 69 percent), followed by Mississippi and Ohio (both 70 percent).

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Last modified on
01/19/23