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(From NCUA Express) – Federally insured credit unions experienced strong asset and share-and-deposit growth over the year ending in the second quarter of 2021, according to the latest NCUA Quarterly U.S. Map Review.
Nationally, median asset growth over the year ending in the second quarter of 2021 was 10.8 percent, compared to 10.0 percent in the year ending in the second quarter of 2020. The median growth in shares and deposits over the year ending in the second quarter of 2021 was 12.2 percent, compared to 11.1 percent a year ago. The median growth rate of loans outstanding was 1.9 percent over the year ending in the second quarter of 2021, compared to 0.2 percent over the year ending in the second quarter of 2020.
During the first half of 2021, 81 percent of federally insured credit unions had positive net income, compared to 80 percent during the first half of 2020. Nationally, the median annualized return on average assets was 46 basis points in the first half of 2021, compared to 39 basis points in the first half of 2020.
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.