Analysis for Second Quarter Reflects Diversity of Economic Recovery

A new analysis from the National Credit Union Administration (NCUA) underscores that federally insured credit union performance at the state level often reflects local economic conditions in the states as the recovery continues.

“Nationally, trends in the credit union industry are generally positive,” said NCUA Board Chairman Debbie Matz. “These state-by-state analyses will help credit union officials easily see the various indicators of economic recovery in their state and region.” The NCUA Quarterly U.S. Map Review provides this important information.
 
The report of the industry’s 2012 second-quarter performance at the state level is now available, along with graphics and tables, at http://ncua.gov/Resources/Documents/2012Q2MapReview.pdf.
 
States like North Dakota, New Mexico, New York, Iowa, and Washington are among those where federally insured credit unions are showing better-than-average performance across several indicators. Others, like Nevada, New Jersey, and Hawaii, are still grappling with local economic challenges.
 
NCUA’s Office of the Chief Economist prepares and issues the review each quarter. The NCUA Quarterly U.S. Map Review for the second quarter expands on the information contained in the agency’s first such report issued in June. The expanded second-quarter review provides state-level credit union data and maps on key metrics like:
​Return on average assets
Annual membership growth
Annual loan growth
Annual asset growth
​Annual share and deposit growth
Delinquency rate
Annualized net charge-off rates
The analysis also includes tables on two important economic indicators—state unemployment rates and changes in state home price indices.