NCUA Notes: State-Level Quarterly Report Shows NW CU Strength

The National Credit Union Administration, last week, released its quarterly report of state-level data drawn on the first quarter of 2016. Much of the results showed strength for Northwest Credit Unions.

“Northwest credit unions outperform credit unions nationally across the board,” said John Trull, NWCUA AVP of Regulatory Advocacy, in response. “Between April 1, 2015 and March 31, 2016 Northwest credit unions had some of the lowest delinquency rates in the nation, and highest returns on assets.”

Trull also pointed to a misnomer in data showing that Oregon credit union membership had declined. “Those numbers were misleading due to the merger of Oregon’s TLC into Washington’s Fibre Federal Credit Union,” he said.

According to a statement released by NCUA, nationally, median loan growth in federally insured credit unions was 4.5 percent during the year ending in the first quarter of 2016. The median rate of growth in deposits and shares was 3.0 percent. The median loan-to-share ratio moved above 60 percent. The median loan delinquency rate was essentially unchanged from a year earlier at 0.7 percent.

Washington had the second highest median growth rates for loans Washington at 8.9 percent.

The NCUA Quarterly U.S. Map Review, available online here, tracks credit union performance indicators in the 50 states and the District of Columbia. The review also includes information on two key state-level economic indicators: unemployment rates and home price changes.

NCUA Board Meeting Scheduled for Thursday

There are three items on this month’s agenda:

  • Technical Amendments to Community Development Revolving Loan Fund;
  • Statutory Inflation Adjustment of Civil Money Penalties;
  • Board briefing on interest rate risk supervision and adding ‘S’ to CAMEL.

Look for updates in Anthem on any action taken and what it means for credit unions here in the Northwest.

Questions about this story? Contact Eric Horvath: 503.350.2222,


Posted in Federal, NCUA, NWCUA.