The National Credit Union Administration (NCUA) recently published a Quarterly U.S. Map review. This review features a graphic display of how the credit unions of the various states are performing in contrast to each other. It does so by displaying the data on a map of the United States. The review also includes data tables that show the percentage growth for the credit unions of the states year over year at the end of the second quarter.
Credit unions in Massachusetts were in the top twenty states in two out of eight categories. Charge-off percentage improved with the credit unions in Massachusetts showing the 17th lowest number nationally at .47%. Another area in which Massachusetts credit unions stand out is loan growth with an increase of 4.7%, which ranks 19th among all states. The national average loan growth was 3.2%.
Total assets in Massachusetts credit unions were up 5.3% over June 30, 2011, compared to a national increase of 6.9%. Deposits grew by 4.9% in contrast to a national average of 6.9%. In both these categories the credit unions of Massachusetts lagged behind other states.
To view the complete report, please click here.