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NCUA: Oregon shows highest median growth for assets, deposits

The National Credit Union Administration reported continuous growth in assets and shares and deposits at the median for federally insured credit unions on a state level at the end of third quarter.

The agency reported that median assets grew 4.2% during the period, compared to a median growth rate of 2.4% for the year-ago period. The growth was highest in Oregon at 8.7%, followed by Washington and Arizona, both at 7.5%. Meanwhile, the District of Columbia and Arkansas showed the slowest median asset growth at 0.6% and 1.8%, respectively.

Shares and deposits showed median growth of 4.5% at the end of the third quarter, up from 2.3% a year earlier. The agency reported that Oregon and Arizona showed the highest growth, with 8.5% and 8.2%, respectively, while the District of Columbia and Arkansas had the lowest growth rates, of 0.2% and 2.0%, respectively.

In addition, median outstanding loan growth was 3.9% at Sept. 30, compared to 4.1% a year ago. Outstanding loans grew the most in Washington, with a median growth rate of 9.7%, followed by Oregon with a median growth rate of 8.1%. Pennsylvania and Connecticut showed the lowest growth rates at 0.1% and 0.8%, respectively.

Furthermore, median total delinquency rate fell slightly, to 0.7% nationally in the third quarter, compared to 0.8% a year earlier. Total credit union membership also continued to grow through the end of September, however, median growth rate of membership slightly declined by 0.1%. The agency reported that 51% of federally insured credit unions, including approximately 75% of the institutions with less than $50 million in assets, had fewer members year-over-year by the end the third quarter.