Federally-chartered credit unions in Connecticut had the lowest return on assets of any other state in the country last year, according to the National Credit Union Administration.
Those credit unions in Connecticut had a median return on average assets of 10 basis points, or 0.1 percent. The national median return was 0.32 percent.
Just ahead of Connecticut were Pennsylvania (0.15 percent) and New Jersey (0.16 percent), while the highest return in the country was found in North Dakota, at 0.78 percent.
Median membership levels at federal credit unions in Connecticut fell by 0.8 percent last year.
Across the country, 53 percent of credit unions also lost members.
In Connecticut, median assets ticked up 0.1 percent, while median deposits and loans grew 0.5 percent, and 1.8 percent, respectively.
In the past few years, more credit unions in the state have been switching to a state charter to expand their geographies and blunt regulatory burdens.
