Insured Credit Unions see $108 Billion surge in assets

The most recent financial performance data released by the National Credit Union Administration shows a significant increase in total assets in federally insured credit unions. Over the past year, total assets rose by $108 billion to reach $2.17 trillion, marking a 5.2 percent increase. Insured shares and deposits also saw growth, increasing by $50 billion to $1.68 trillion.

On a national level, there was an overall increase in shares and deposits, although the median growth rate was negative at 3.5 percent. Some states, like Wyoming, Idaho, and New Hampshire, saw positive median growth rates in shares and deposits. However, states like New Jersey and West Virginia experienced the most significant declines in shares and deposits at -6.6 percent and -6.2 percent respectively.