Regional Performance Report: Western Credit Unions

Credit unions in the NCUA Western Region reported 12-month loan growth that exceeded the industry average by three percentage points. In what other areas did these credit unions excel?

 
 

Credit unions in the NCUA’s Western Region — Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington — outperformed credit unions nationwide in all major measures.

Methodology

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

All ratios displayed represent weighted averages.

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

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

If you are looking for a Western Region state not shown in the map, use the search bar in the upper left corner of the map.

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

* This analysis does not include Guam.

For example, the industry reported 12-month loan growth of 10.5% at year-end 2017. By comparison, western credit unions reported 13.5%. What’s more, these credit unions reported the lowest total delinquency and net charge-offs of all the NCUA regions —  0.50% and 0.40%, respectively.

Annual membership growth at year-end for Western Region credit unions also was faster than for the industry, 6.5% versus 4.1%. Credit unions out west reported a year-end share draft penetration of 63.3%, versus 57.1% for the nation, and an average member relationship of $20,803, versus $18,309 for credit unions nationally.

But it’s not just in member relationships that these credit unions are reporting better-than-average performance, it’s also in yields and returns.

Western Region credit unions generated higher yields and returns as well as higher growth in overall income than their peers. The yield on investments of 1.80%, return on equity of 8.14%, and return on assets of 0.86% reported by the Western Region compared favorably to the respective industry averages of 1.66%, 7.31%, and 0.78%.

Year-end reporting for the operating expense ratio also showcased an exemplary performance by credit unions in the Western Region — 3.03% compared to 3.09% for the credit union system. Keep in mind, the operating expense ratio reflects both the operating efficiency and the operating strategy of a credit union. The lower the better.

 

 

The interactive map below shows how states in the Western Region compare to industry averages in asset quality, efficiency, member impact, income, and expenses. Click on any 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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April 30, 2018


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