ARLINGTON, Va.—Credit unions continue to show stronger loan growth than banks, although the margin is narrowing, according to NAFCU’s third-quarter CU Industry Trends report.
The report also noted a weakening in CU loan growth, which is now below share growth for the first time since early 2013.
Other key data from the trends report:
- After rising for four consecutive quarters, ROA fell in the Eastern region in the third quarter
- Nevada, Indiana, and Utah saw the highest ROA
- Wyoming, Puerto Rico, and Mississippi saw the highest loan growth
- Oregon, Washington, and Montana saw the lowest delinquency rates
The report also revealed that delinquencies are still declining for all but the largest credit unions.