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Connecticut had a lower share of credit unions with positive net income during the first quarter compared to most other states in the U.S., according to data released last week by the National Credit Union Administration.

During a time that included the start of the coronavirus pandemic, 70 percent of Connecticut’s credit unions reported positive net income in the first quarter compared to 80 percent in the U.S., according to the NCUA’s quarterly credit union data report released last week. At the end 2019, 78 percent of the state’s credit unions had positive net income, below the U.S. median of 89 percent.

Maine had the highest share of credit unions with positive net income in the first quarter, with 93 percent. Two other New England states, Vermont and Rhode Island, joined Connecticut near the bottom, with 68 percent. Only Arizona, with 63 percent, had a lower share of credit unions with positive net income.

The state also trailed the U.S. median for annualized year-to-date return on average assets in the first quarter. Connecticut ranked 50th among U.S. states and Washington, D.C. with a median of 28 basis points compared to the U.S. median of 41 basis points. Delaware and Rhode Island had the same ranking as Connecticut, followed by Nebraska at 23 basis points.

Connecticut in the fourth quarter had ranked at the bottom for median annualized year-to-date ROAA with 36 basis points compared to the U.S median of 60 basis points.

The NCUA also released data for the aggregate four quarters ending March 31 on asset, deposit, member and loan growth.

The median for Connecticut credit unions’ year-over-year asset growth was 1.5 percent, and the median year-over-year deposit growth was 1.3 percent, ranking Connecticut 46th and 47th respectively. The U.S. median asset growth was 3.0 percent, and the U.S. median deposit growth was 2.9 percent.

Membership saw a slight decline in Connecticut, with median year-over-year membership growth for the four quarters ending March 31 at -0.1 percent, the same rate as the U.S. Median year-over-year loan growth in Connecticut was 0.5 percent for the same time period, ranking the state 44th. The U.S. median was 2 percent.

About 90 credit unions are based in Connecticut.