adminMember-owned credit unions in Alabama and Florida have continued to experience growth in the first quarter of 2017 as evidenced in Call Report data.
First quarter numbers at a glance for Alabama:
- Average assets per credit union are $192.1 million, up from $185.2 million in Dec. 2016.
- Total assets growth rate for the first quarter of 2017 is 3.7 percent – exceeds national growth rate of 3.5 percent.
- Higher than average net worth ratio at 11.24 percent compared to 10.75 percent nationally.
- Delinquent loan percentages calculated at 0.70, dropping from .88 percent in Q4 2016.
- Members per branch increased in March 2017 from 4,294 to 4,315.
First quarter numbers at a glance for Florida:
- Average assets per credit union are $440.9M, up from $416.6M in Dec. 2016, compared to a national average of $231.3M.
- Total assets growth rates for the first quarter of 2017 are 4.3 percent, higher than 3.5 percent nationally.
- Total loan growth rates equaled 2.2 percent, higher than that national average of 1.8 percent.
- Member business loan growth at 4.7 percent outpaced the national average of 3.4 percent.
- Total savings growth rates equaled 5.0 percent, higher than that national average of 4.2 percent.
- Delinquent loan percentages calculated at 0.53 percent are lower than 0.74 percent in Dec. 2016 and are lower than the national average of 0.69 percent.
