State-By-State Quarterly Financial Report Available
The National Credit Union Administration (NCUA) has issued its “Quarterly U.S. Map Review” report that examined key financial indicators on a state-by-state basis for federally-insured credit unions. The report indicated that outstanding loan balances have increased by 4.3 percent for the year ending in the third quarter of 2012, which reflects the continuing economic recovery and growing consumer confidence. In particular, loan growth was strong in states such as New York, Iowa, Tennessee, North Dakota, and New Hampshire. Only three states experienced declines in credit union lending over the last twelve months.