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Q1 2019 Peer Data for New England Credit Unions

Below is our compilation of financial information for New England credit unions for the period ending March 31, 2019. As was done last quarter, each New England state has its own tab and there is a final tab that includes all of the credit unions in New England. 

The data includes a number of key credit quality, performance and capital adequacy ratios. We then break-out certain ratios that we consider important in determining financial performance and long-term viability of credit unions. These key ratios are:

Return on assets
  • Net interest margin
  • Yield on investment portfolio
  • Ratio of expenses to gross income
  • Loans to shares

From there, we rank the credit unions across each of these key ratios and determine an overall ranking based on the average of all of these ratios.

For the first time, on the “all New England” tab, we have included comparable ratios for all credit unions in the U.S.

Some quick observations on the results are as follows:
Performance

New England credit unions margin expansion stalled somewhat in the first quarter of 2019 at 331 basis points compared to 329 basis points for calendar year 2018. First quarter 2019 ROA is 42 basis points, same as the ROA for calendar 2018. 

Credit Quality

Credit quality remains excellent. Delinquent loans to total loans are down to 98 basis points compared to 115 basis points as of December 31, 2018.

Liquidity

New England credit unions on average continue to carry excess capital (equity to asset ratio of 12.96%) and liquidity (loan to share ratio of 69.01%) providing opportunity to grow loans and total assets.

This information is publicly available, so it may be shared with others in your credit union, including board members.

If you would like to discuss the information in further detail, we would be happy to assist.

 

Click here to view the data

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For more than two decades, our teams have worked with New England banks and credit unions. 

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