Median assets, shares, and deposits in federally insured credit unions declined  during the year ending in the first quarter of 2024. At the same time, both median loans outstanding and delinquencies increased. This is according to the latest Quarterly U.S. Map Review released by the NCUA.

While median aggregate assets and shares and deposits in federally insured credit unions continued to grow during the year ending in the first quarter of 2024, assets declined by 0.8% and shares and deposits declined by 2.1%.

Outstanding median loans rose by 4.0% in the same timeframe. In comparison, median loans grew the previous year, by 13.3%. The median total delinquency rate was 53 basis points at the end of the first quarter of 2024, in contrast to 38 basis points in 2023.

The percentage of federally insured credit unions has a slight dip in positive net income, with 81% in the first quarter of 2024 as compared with 86% in the first quarter of 2023. The median annualized return on average assets at federally insured credit unions was 55 basis points in the first quarter of 2024, compared with 62 basis points in the first quarter of 2023.