NCUA has released the first quarter data for 2022, and the Association has put together the usual analysis of the info, with a focus on Utah’s credit unions. Download the report here.
The first page of the report provides some interesting details about the credit unions in Utah. For example, while Utah has only 1.6% of the industry’s credit unions, it has:
This shows that Utah’s credit unions punch above their weight when it comes to share of credit union market.
In addition, that first page shows:
To put those figures in perspective:
Incidentally, to put the average figures in perspective, the median figures are quite different:
The report includes 24 pages of analysis, which, when compared to credit unions in states adjacent to Utah and credit unions nationally, credit unions based in Utah: