Lending Highlights From Fourth Quarter 2015

Credit union lending reached a record high of $796.5 billion in 2015 as cooperatives posted year-over-year growth in every major loan category.

 
 

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The median credit union loan portfolio expanded 4.0% year-over-year. Performers in the top 20th percentile posted 12.3% growth while those in the bottom 20th percentile reported their loan portfolios shrunk 4.2% over the period.

Read more about fourth quarter lending.

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Credit unions in the bottom 20th percentile sold on average 16.7% of their first mortgage loans to the secondary market while top-selling credit unions in the upper 20th percentile sold 80.5% on average. The industry median for sales to the secondary market as a percentage of total first mortgage originations was 45.0%.

Read more about fourth quarter mortgage lending.

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Credit unions reported median year-over-year auto loan growth of 6.1% as of December 2015, up from 5.2% the previous year.

Read more about fourth quarter auto lending.

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For all three percentile rankings (bottom 20th, median, and top 20th), credit card usage rates declined slightly from the previous year-end levels.

Read more about fourth quarter credit card lending.

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The median MBL delinquency for the industry was 1.09% as of December 2015, over 3 percentage points lower than credit unions in the bottom 20th percentile who reported delinquency of 4.80%, but greater than the top 20th percentile, where credit unions posted an MBL delinquency rate of 0.27%.

Read more about fourth quarter member business lending.

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