CUs in AL, FL show positive trends in Q1

Member-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 […]

Member-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.
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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