Credit unions across Nebraska began 2013 with strong financial performance, exceeding national averages in several key categories. These statistics are highlighted in a new quarterly Nebraska Performance and Trends Report provided by the Nebraska Credit Union League.
According to the report, Nebraska credit unions exceeded national averages in share and loan growth during the first quarter. Key takeaways include:
New auto loan balances increased 11.3% annually to $286.8 million at Nebraska credit unions, the largest increase in the loan portfolio.
Asset quality at Nebraska credit unions remains stronger than the national average, with delinquency decreasing 2 basis points from March 2012 and Nebraska’s delinquency rate of 0.77% remains well below the national average of 1.02%.
Nebraska credit unions had a 21.1% auto loan penetration rate in the first quarter, compared to the 16.0% penetration rate seen nationwide.
To view the first-quarter report, click here.
The quarterly Nebraska Credit Union Performance & Trends Report is provided to member credit unions as a benefit of League membership. Developed in partnership with Callahan & Associates, Inc., each report delivers the most relevant and up-to-date analysis of key statistics and trends that may impact credit union performance.