Credit Union Loan Portfolio
Data as of Sept. 30, 2014
© Callahan & Associates | www.creditunions.com
Member business loans make up 6.4% of the credit union loan portfolio; that's a notable increase from 2.2% a decade ago.
Source: Callahan & Associates
Year-To-Date Member Business Loan Originations
Data as of Sept. 30, 2014
© Callahan & Associates | www.creditunions.com
Credit unions lent more money to businesses in the past two years than ever before.
Source: Callahan & Associates
10 Credit Unions With The Largest Number Of MBL Originations
Data as of Sept. 30, 2014
© Callahan & Associates | www.creditunions.com
Michigan State University FCU has made the most business loans so far in 2014. It offers multiple types of business loans and a business credit card.
|
State |
Name |
# Of MBLs Granted YTD |
$ Of MBLs Granted YTD |
Total Assets |
1 |
MI |
Michigan State University |
9,741 |
$47,850,163 |
$2,700,356,656 |
2 |
NY |
Empower |
4,432 |
$9,707,092 |
$1,265,684,482 |
3 |
CA |
Farmers Insurance Group |
1,154 |
$83,870,850 |
$661,336,854 |
4 |
IA |
Dupaco Community |
1,090 |
$105,127,498 |
$1,243,093,323 |
5 |
NY |
Melrose |
1,079 |
$568,883,356 |
$2,072,672,217 |
6 |
MN |
Dawson Co-op |
1,062 |
$36,843,624 |
$130,687,716 |
7 |
MN |
Central Minnesota |
957 |
$147,788,724 |
$851,970,404 |
8 |
KS |
Farmway |
893 |
$15,865,078 |
$88,668,959 |
9 |
IN |
Interra |
884 |
$68,536,497 |
$705,544,724 |
10 |
ND |
North Star Community |
742 |
$39,786,139 |
$166,312,468 |
Source: Callahan & Associates
Business Share Account Deposits
© Callahan & Associates | www.creditunions.com
Business deposits at credit unions have risen by $5.4 billion over the past six quarters.
Source: Callahan & Associates