NCUA: Minnesota Credit Unions Lead the U.S. in Median Annual Loan Growth
Wednesday, September 25, 2019
Minnesota credit unions saw growth and positive performance indicators during the year ending in the second quarter of 2019, according to a report released by the National Credit Union Administration (NCUA).
According to the report, Minnesota had the strongest median loan growth in the country at 7.7 percent over the year ending in the second quarter of 2019. Minnesota credit union assets grew more than 4.2% and experienced a loan delinquency rate that is among the top ten lowest in the country.
Median annual share and deposit growth also rose more than 3 percent in Minnesota and the median loans-to-shares ratio was 81%. View the full report online.
Additionally, to the Mid-Year 2019 CUNA Membership Benefits report reports that Minnesota credit unions provided $168,388,860 in direct benefits to the state’s 1,794,690 members during the twelve months ending June 2019. View the full report.
More reports and information are available on the Publications page of the MnCUN website.