NCUA releases Q2 2024 state-level credit union data report

Total assets, shares and deposits, and membership at federally insured credit unions declined at the median over the year ending in the second quarter of 2024, while loans outstanding increased. This is according to NCUA's latest Quarterly U.S. Map Review.

Highlights include:

• Nationally, median asset growth was negative 0.2% for the year ending in the second quarter of 2024, compared with 1% for the year ending in the second quarter of 2023.
• The median growth in shares and deposits over the year ending in the second quarter of 2024 was negative 1.2%, compared with negative 2.4% the previous year.
• The median growth rate of loans outstanding was 2.4% in the year ending in the second quarter of 2024, compared with 11% during the same period in 2023.
• The median total delinquency rate was 60 basis points at the end of the second quarter of 2024, compared with 45 basis points in the second quarter of 2023.
• Nationally, the median annualized return on average assets was 61 basis points in the first half of 2024, compared with 66 basis points in the first half of 2023.

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. It also includes information on two state-level economic indicators: the unemployment rate and home prices.