ALEXANDRIA, Va. (March 12, 2021) – Federally insured credit unions experienced double-digit asset and share-and-deposit growth over the year ending in the fourth quarter of 2020, according to the latest Quarterly U.S. Map Review (opens new window) released today by the National Credit Union Administration.
Nationally, median asset growth over the four quarters of 2020 was 14.2 percent, compared to 2.8 percent during 2019. Median growth in shares and deposits during 2020 was 15.9 percent, compared to 2.6 percent during 2019. The median total delinquency rate among federally insured credit unions at the end of 2020 was 51 basis points, compared to 66 basis points at the end of 2019. Additionally, 83 percent of federally insured credit unions had positive net income in 2020, compared to 88 percent in 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.