Anthem
First Quarter Sees Strong Credit Union Performance in the Northwest
June 18, 2019

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 online. For more information, see NCUA’s Quarterly U.S. Map Review.
Posted in NCUA.