Assets in federally insured credit unions increased 3.7 percent to $2.40 trillion in the third quarter when compared to a year ago, according to the National Credit Union Administration’s (NCUA) third quarter credit unions system performance data.
The Quarterly Credit Union Data Summary provides an overview of the financial performance of federally insured credit unions based on information credit unions report.
During the third quarter, total outstanding loans increased 4.4 percent over the year to $1.7 trillion.
The credit union system’s net worth ratio was 11.24 percent compared to 10.94 percent during the third quarter of 2024 while net income was $19.1 billion at an annual rate in the year to date, up 21 percent compared to 2024.
Credit unions with a low-income designation dropped to 2,392. Their share edged up to 55 percent of all federally insured credit unions.
The Credit Union Analysis section of NCUA’s website includes a spreadsheet with key metrics listing all federally insured credit unions that filed a call report as of Sept. 30, graphics illustrating financial trends in federally insured credit unions, and quarterly data summaries and detailed financial information. There were 4,331 federally insured credit unions with 145 million members at the end of the third quarter.