ALEXANDRIA, Va. (Sept. 15, 2020) – Federally insured credit unions saw strong asset and share-and-deposit growth over the year ending in the second quarter of 2020, according to the latest NCUA Quarterly U.S. Map Review (opens new window).
Nationally, median asset growth over the year ending in the second quarter of 2020 was 10.0 percent, compared to 1.7 percent during the year ending in the second quarter of 2019. The median growth rate of loans outstanding was 0.2 percent over the year ending in the second quarter of 2020, compared to 4.6 percent over the year ending in the second quarter of 2019.
During the first half of 2020, 81 percent of federally insured credit unions had positive net income, compared to 88 percent during the first half of 2019. Nationally, the median annualized return on average assets was 39 basis points during the first half of 2020, compared to 63 basis points during the first half of 2019.
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.
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