State By State Growth Rates For 3Q 2016

Credit union asset, loan, share, and member growth were strong in the third quarter of 2016, both for the industry and on a state-by-state level.

The credit union industry posted positive growth rates in the third quarter of 2016 continuing a well-established trend but what is happening at the state level? Are some states growing while others are left behind?

The short answer is: No. Most states are growing assets, loans, shares, and members at comparable rates.

The following chart shows minimum, maximum, average (weighted), and median rates for growth metrics in the 50 states and DC. This table demonstrates how the industry is growing steadily nationwide. Across all four growth metrics, there were only two states that had one negative value each.

Callahan Associates |

Metric Minimum Maximum Average (Weighted) Median
Asset Growth 3.2% 16.3% 8.3% 7.7%
Loan Growth 3.2% 20.6% 10.1% 9.5%
Share Growth 2.4% 16.2% 8.7% 7.5%
Member Growth -1.9% 10.0% 4.0% 2.9%

Source: Peer-to-Peer Analytics by Callahan Associates.

Although all states posted fairly even growth rates, some stood out for their exemplary performance. Wyoming, Idaho, Utah, and Oregon all ranked in the top 10 for each of these four growth metrics. It is worth noting Wyoming’s leading performance in asset, loan, and share growth was impacted by an interstate merger that occurred during the second quarter of 2016.

On April 1, 2016, Meridian Trust FCU merged with Panhandle Co-Op Credit Union in Nebraska. To learn more about the merger’s importance for the Wyoming-based credit union, read onclick=”ga( ‘send’, ‘event’, ‘in text callouts’, ‘single-line’, ‘editorial’ );” target=”_blank”>Anatomy Of Meridian Trust Federal Credit Union.

The interactive chart below illustrates the year-over-year growth posted by each state as of third quarter 2016. Navigate through asset, loan, share, and member growth by clicking on the metric legend at the bottom right and see how performance changes among the states.

This interactive graphic showcases state averages. Are you interested in learning about how your loan, asset, share, and member growth performance stacks up against peers in your state? Learn more about how Peer-to-Peer can help.

The states with the highest growth rates have the darkest coloration.

Find out exact growth numbers by hovering over the state.

November 30, 2016

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