Total loans outstanding in federally insured credit unions increased $41 billion, or 2.6%, over the year ending in the third quarter of 2024, to $1.63 trillion, according to the latest financial performance data released by the NCUA. Total assets rose by $82 billion, or 3.7%, to $2.31 trillion during the same period.

Also, for the third quarter of 2024, the delinquency rate was 91 basis points, up 19 basis points from one year earlier. Net income for federally insured credit unions in the first three quarters of 2024 totaled $15.8 billion at an annual rate, down $0.8 billion, or 4.7%, from the first three quarters of 2023.

The NCUA’s Quarterly Credit Union Data Summary provides an overview of the financial performance of federally insured credit unions based on information reported to the agency in the third quarter of 2024.

Highlights include:

• Insured shares and deposits increased $44 billion, or 2.6%, to $1.76 trillion, from one year earlier;
• Interest income rose $18.7 billion, or 19.6%, over the year to $114 billion annualized;
• Total shares and deposits grew $58.9 billion, or 3.1%, over the year to $1.93 trillion in the third quarter of 2024; and 
• The credit union system’s net worth increased $14 billion, or 5.8% percent, over the year to $252.9 billion. The aggregate net worth ratio — net worth as a percentage of assets — stood at 10.94% in the third quarter of 2024, up from 10.72% one year earlier.

The NCUA makes credit union system performance data available in the Credit Union Analysis section of NCUA.gov, which includes:

• Quarterly data summaries and detailed financial information; 
• A graphics package illustrating financial trends in federally insured credit unions; and
• A spreadsheet listing all federally insured credit unions as of Sept. 30, including key metrics.