Minnesota Credit Unions Show Strong Q1 Performance

According to National Credit Union Administration’s (NCUA) Quarterly U.S. Map Review, Minnesota credit unions experienced solid performance along key indicators, including median annual asset growth, median annual share and deposit growth, membership growth and loan delinquency rate. Highlights include:

•  Membership at Minnesota credit unions grow 1.0% in median year-over-year member growth, ranking 9th in the nation. According to NCUA 5300 report data, credit unions in Minnesota now have 1.9 million members.
•  Minnesota credit union assets grew 20.5% with $33 billion in assets, above the media annual growth rate of 17.1   %. Annual share and deposit growth was 22.8%
•  Minnesota credit unions had one of the lowest delinquency rates in the nation for the first quarter with 19 basis   points.