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.