Regional Performance Report: Central Credit Unions

Credit unions headquartered in the Central Region reported more loan accounts per members than those headquartered in other states. In what other areas did these cooperatives excel?

 
 

The 1,529 credit unions headquartered in the NCUA’s Central Region — Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, and Wyoming — surpassed national peers in several metrics across different categories, according to fourth quarter data from Callahan & Associates.

Methodology

This dashboard is part of a regional data series and focuses on the performance of credit unions in the NCUA’s Central Region.

All ratios displayed represent weighted averages.

  • The light blue bar labeled “Industry” refers to the weighted average of all credit unions in the United States.
  • The green bars represent the weighted average of credit unions within the Central Region.
  • Grey bars represent the weighted average of credit unions outside the Central Region.

To examine the performance of credit unions in any Central Region state, click on a green state on the map that appears on each page of the dashboard. The default state is Texas, but clicking on Montana, for example, changes the red bars to populate with Montana data.

The data for this dashboard comes from Peer-to-Peer by Callahan & Associates. Learn more today.

At 0.59, loan accounts per member at Central Region credit unions exceeded that of credit unions outside the region. Auto loans made up the lion’s share of the loan portfolio for Central credit union. And, at 24.8%, the region’s auto loan penetration was 5.4 percentage points higher than the rest of the country.

The region’s loan portfolio grew, but that growth did not come at the expense of asset quality. Year-end delinquency for Central credit unions was 10 basis points lower than the rest of the country — 0.73% versus 0.63%. More remarkable, Central credit unions have been able to relatively protect themselves from the rising delinquency in credit cards. Credit card delinquency for Central credit unions at year-end was 1.10% compared to 1.32% for the remainder of the country.

Central credit unions also outperformed the rest of the country in certain deposit metrics. The average regular share balance for Central credit unions was $3,510 — $257 higher than the rest of the country. More noteworthy, the average share certificate balance reached $26,360 — $1,677 higher than credit unions outside the region.

In a nod to member relationships and the cooperative ownership structure, Central Region credit unions reported higher dividends as a percentage of income. That metric surpassed 10.8% and was 1.3 percentage points higher than the rest of the country. Additionally, the $62 average dividend Central credit unions returned to members was $6 higher than at non-central credit unions.

 

 

The interactive map below shows how credit unions in the Central Region states compare to industry averages in loans, asset quality, shares, and member impact. Click on any Central state on the map to change the table and the graphs.

Don’t see an analysis for your state? Watch for more regional analysis in the coming weeks or click here to see other regions.

 

Performance Analysis Made Easy

How does your credit union stack up? Go beyond regional averages and dive deeper into individual credit unions, peer groups, states, and more. Learn what Peer-to-Peer can do for you.

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May 7, 2018


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