The National Credit Union Administration (NCUA) issued their analysis of state-level data for the second quarter of 2014. The NCUA follows “performance indicators for federally insured credit unions in the 50 states and the District of Columbia.” NCUA’s findings showed that Idaho was at or near the top in median loan growth, median loan-to-share ratio, median membership growth, and median asset growth in the second quarter.
National median loan growth rose by 3.2% in the second quarter of 2014 compared to the same time a year ago. On a state-level, Idaho had the second highest median growth rate for loans, increasing by 8.6% from the second quarter of 2013.
The national loan-to-share ratio, or the “median ratio of loans outstanding to total shares and deposits,” was at 58% at the end of the second quarter. Idaho’s loan-to-share ratio was the highest in the nation, reaching 81%.
Median membership growth rates continued to rise in the second quarter. Idaho’s median membership growth rate was 2.0% greater in the second quarter of 2014 than the second quarter of 2013, making it the second highest in the country.
Finally, the national median asset growth rate was up by 1.3%. In Idaho, the median asset growth rate was the second highest at 4.7%. To read the NCUA’s full press release, visit http://1.usa.gov/1qZfTUp.