The median credit union loan portfolio expanded 4.4% year-over-year. Performers in the top 20th percentile posted 12.8% growth while credit unions in the bottom 20th percentile posted negative growth of -3.7%.
Click here to learn more about lending trends in first quarter 2016.
Auto loan balances increased 14.1% in the first quarter of 2016. Credit unions in the top 20th percentile reported auto loan growth of 19.7% while the median and bottom 20th percentile grew at a slower rate of 6.7% and -5.3%, respectively.
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Credit unions in the bottom 20th percentile sold, on average, 16.5% of their first mortgage loan originations to the secondary market. The industry median for sales to the secondary market was 44.7%. Credit unions in the upper 20th percentile sold 86.6% on average.
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For all three percentile rankings bottom 20th, median, and top 20th credit card usage rates declined slightly year-over-year. Lower usage rates indicate lower outstanding balances as a percentage of available credit. When members are not fully using their credit cards, credit unions must monitor unfunded commitments in case borrowers decide to charge more throughout the year.
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The median MBL delinquency reached 1.14% as of March 31, 2016. That’s more than three percentage points lower than credit unions in the bottom 20th percentile, which posted a 4.53% delinquency, but greater than the 0.28% posted by credit unions in the top 20th percentile.
Click here to learn more about member business lending in first quarter 2016.
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