NCUA Issues 2nd Quarter Call Report on Credit Union Performance
The NCUA released its 2nd quarter report based on Call Report data that highlighted significant loan growth in every major category as well as a consolidating industry. The report noted overall outstanding loans increased to $823.4 billion fueled by strong auto loan growth of 15.6%. The report shows slight rises in delinquency and charge-offs with moderate asset and membership growth. For the year-to-year position, the number of CUs fell 272 largely from smaller CUs under $10 million in assets. [9/7/16]