First Quarter Sees Strong Credit Union Performance in the Northwest

Idaho’s median asset growth highest nationwide; Oregon sees low median delinquency rate; Washington experiences high membership growth.

6/18/2019 

Credit unions throughout the Northwest continue to see strong growth in many categories, including median asset growth, low median delinquency rates, and membership growth, according to 2019 first-quarter data from the National Credit Union Administration. 

Federally insured credit unions nationwide saw continued membership growth, and 86 percent reported positive net income at the end of the first quarter. Median annual loan growth was 5.8 percent, and median annual asset growth was 1.6 percent, according to NCUA. 

Credit unions in the Northwest continue to have strong financial performance, but deposit growth has slowed dramatically when compared to the last few years,” said Northwest Credit Union Association Vice President of Regulatory Advocacy, John Trull. “Loan demand has not seen a corresponding decline, which has resulted in rising loan to share ratios.” 

Here’s how Idaho, Oregon, and Washington closed out first quarter 2019: 

Median Annual Asset Growth 
Idaho: 6.2 percent, highest nationwide
Oregon: 2.4 percent 
Washington: 4.4 percent 

Median Annual Share and Deposit Growth 
Idaho: 5.1 percent, third highest nationwide 
Oregon: 1.6 percent 
Washington: 3.4 percent 

Median Annual Membership Growth
Idaho: 1.7 percent 
Oregon: 1.7 percent 
Washington: 2.4 percent, third highest nationwide 

Median Annual Loan Growth 
Idaho: 6.4 percent 
Oregon: 8.2 percent 
Washington: 8.2 percent 

Median Total Delinquency Rate 
Idaho: 53 pbs 
Oregon: 28 bps, second lowest nationwide 
Washington: 32 bps 

Median Loan to Share Ratio
Idaho: 87 percent, third highest nationwide 
Oregon: 77 percent 
Washington: 79 percent 

Median Return on Average Assets 
Idaho: 68 pbs 
Oregon: 86 bps, second highest nationwide 
Washington: 74 bps 

Positive Net Income 
Idaho: 98 percent 
Oregon: 93 percent 
Washington: 94 percent 

To compare data to fourth quarter 2018, visit Anthem onlineFor more information, see NCUA’s Quarterly U.S. Map Review.