The National Credit Union Administration published fourth quarter 2024 financial performance data for federally insured credit unions, reporting USD 52 billion (2.3 percent) year-on-year growth in total assets to USD 2.31 trillion and an increase in insured shares and deposits of USD 58 billion (3.4 percent) to USD 1.78 trillion. Asset quality metrics weakened over the same period, with the delinquency rate at 98 basis points in the fourth quarter of 2024, up 15 basis points from a year earlier. Net worth rose USD 14.2 billion (5.9 percent) to USD 255.3 billion, while return on average assets was 63 basis points in 2024 versus 68 basis points in 2023, with the median return on average assets at 61 basis points. Net income totaled USD 14.4 billion in 2024, down 3.6 percent from 2023, alongside higher interest income (up USD 17.1 billion to USD 115.2 billion) and non-interest income (up USD 1.8 billion to USD 26.6 billion). The net charge-off ratio was 80 basis points in the fourth quarter of 2024, up 19 basis points year-on-year; total loans outstanding increased 2.6 percent to USD 1.65 trillion, and total shares and deposits grew 4.2 percent to USD 1.96 trillion. The NCUA made the underlying quarterly summaries, trend graphics, and a call-report-based spreadsheet of federally insured credit unions available through the Credit Union Analysis section of NCUA.gov.
National Credit Union Administration 2025-03-11
National Credit Union Administration releases fourth quarter 2024 system performance data showing federally insured credit union assets up 2.3% to USD 2.31 trillion
The National Credit Union Administration reported a 2.3% year-on-year growth in total assets of federally insured credit unions to USD 2.31 trillion in Q4 2024, with insured shares and deposits rising 3.4% to USD 1.78 trillion. Asset quality weakened, with the delinquency rate increasing to 98 basis points, while net worth rose 5.9% to USD 255.3 billion. Despite higher interest and non-interest income, net income fell 3.6% to USD 14.4 billion, and the net charge-off ratio rose to 80 basis points.