4 Graphs On The State Of Credit Union Niche Lending

Consumers who think credit unions offer only standard loans should check out the interesting options available across the United States.
Andrew Bolton

Outstanding Non-Federally Guaranteed Student Loans

1

Source: Peer-to-Peer Analytics by Callahan & Associates

The amount of student loans to members has increased nearly 2.5 times in less than three years.

Leaders In Number Of Short-Term, Small-Dollar Loans Granted In 2013
Data as of December 31, 2013

Credit Union Name

Assets

State

# Of Short-Term, Small-Dollar Loans Granted In 2013 $ Of Short-Term, Small-Dollar Loans Granted In 2013
1 American Airlines

$5.6B

TX

10,545 $5,143,166
2 Pittsburgh Central

$42.2M

PA

6,952 $2,342,504
3 Centris

$509.1M

NE

5,170 $2,479,529
4 Eglin

$1.6B

FL

4,624 $2,135,180
5 SecurityPlus

$357.1M

MD

4,495 $3,935,000
6 Bashas Associates

$15.1M

AZ

3,958 $2,196,560
7 Carolina Cooperative

$39.7M

NC

3,644 $1,093,200
8 St. Thomas

$48.9M

VI

2,714 $1,564,650
9 Memorial Employees

$53.2M

FL

2,563 $1,281,500
10 Firelands

$222.9M

OH

2,470 $2,187,003

Source:Peer-to-Peer Analytics by Callahan & Associates

Credit unions loaned almost $90 million in 143,000 installments last year as an alternative to predatory payday lenders.

Top 10 Credit Union Agricultural Lenders
Data as of December 31, 2013

Credit Union Name

Assets

State

Agricultural Loans/Total Loans Loans For Agriculture Production & Farmers Outstanding Total Loans Outstanding
1 Dawson Co-op

$129.6M

MN

53.68% $5,1814,131 $96,527,554
2 Hometown

$86.0M

ND

50.17% $36,737,637 $73,228,759
3 Clay County Farm Bureau Co-op

$8.7M

IN

49.34% $1,603,184 $3,249,461
4 Community

$166.0M

ND

45.19% $13,570,379 $30,029,566
5 Jackson County Co-op

$21.7M

IN

41.75% $6,217,017 $14,891,189
6 Sullivan County Farm Bureau

$13.0M

IN

39.04% $4,297,487 $11,007,687
7 Dakota West

$218.2M

ND

32.59% $45,228,967 $138,796,116
8 Lamoure

$25.2M

ND

31.98% $5,326,309 $16,653,172
9 Peoples

$41.5M

CO

31.91% $9,141,118 $28,645,949
10 Co-op Credit Union Of Montevideo

$147.5M

MN

31.69% $31,012,536 $97,861,534

Source: Peer-to-Peer Analytics by Callahan & Associates

These credit unions lead the nation in agricultural loans as a percentage of total loans; in doing so, they give local farmers access to affordable capital.

Construction And Development Loan Originations
Data as of December 31, 2013

2

Source: Peer-to-Peer Analytics by Callahan & Associates

Credit unions have loaned nearly $4.6 billion to local construction projects in the past six years.

May 19, 2014

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