Dive into the latest 1Q 2024 Credit Union Performance Report as you seek a relevant guidepost for where other credit unions stand in comparison with yours — published by the California and Nevada Credit Union Leagues!
This ongoing report helps credit union senior management teams and boards of directors strategically plan for each consecutive quarter. Created with the latest quarterly California and Nevada credit union call-report/financial data released by the National Credit Union Association (NCUA), this comprehensive analysis is for C-level executives and other senior officers.
Overall, it equips credit union teams each quarter with the right financial metrics for accurately benchmarking your credit union’s performance to others across the state. The report always includes:
The 1Q 2024 Credit Union Performance Report is just one of multiple endeavors that the Leagues are always finetuning to help you navigate the future.
Questions? Email Rick Stanton, vice president of business and data analytics for the Leagues).
1Q 2024 State-Level Credit Union Data Map Report
Meanwhile, the National Credit Union Administration’s (NCUA) Quarterly U.S. Map Review for the first quarter of 2024 was released and covers several key indicators of the financial health and viability of federally insured credit unions, including:
Tables and downloads include:
Nationally speaking, median assets, shares, and deposits in federally insured credit unions declined during the year ending in the first quarter of 2024. At the same time, both median loans outstanding and delinquencies increased. This is according to the latest Quarterly U.S. Map Review released by the NCUA.
While median aggregate assets and shares and deposits in federally insured credit unions continued to grow during the year ending in the first quarter of 2024, assets declined by 0.8 percent and shares and deposits declined by 2.1 percent. Outstanding median loans rose by 4 percent in the same timeframe. In comparison, median loans grew the previous year, by 13.3 percent. The median total delinquency rate was 53 basis points at the end of the first quarter of 2024, in contrast to 38 basis points in 2023.
The percentage of federally insured credit unions has a slight dip in positive net income, with 81 percent in the first quarter of 2024 as compared with 86 percent in the first quarter of 2023. The median annualized return on average assets at federally insured credit unions was 55 basis points in the first quarter of 2024, compared with 62 basis points in the first quarter of 2023.
