Pumped-Up Loans And A Debunked Merger Myth

Six can't-miss data points featured this week on CreditUnions.com.

This week,CreditUnions.com looks at auto portfolio performance metrics, why you shouldn’t mess with Texas, and whycredit union membership and asset growth is not strictly the result of mergers.

Here are six data points you can’t miss:

97.2%

That’s the percentage of credit unions holding auto loans on their books, according to third quarter data from Callahan & Associates.

Analyzing performance metrics other than growth rates is one way to help executives, staff, and board members better understand markets and the industry. In 5 Ways To Better Understand Your Auto Portfolio see how geography, seasonality, and others can provide an in-depth examination of the auto portfolio.

475

Texas calls home to more credit unions than any other state, with 475. And stellar loan, share, and member growth rates evokes the saying, don’t mess with Texas.

Learn more about the Loan Star State in State In The Spotlight: Texas

One

That’s the number of myths debunked by Callahan industry analyst Liz Furman in her recent CUbroadcast interview with host Mike Lawson.

In the interview, the pairdiscuss these regional growth trends for credit unions with assets from $500 million-$1 billion, as well as debunk the myth that credit union membership and asset growth is strictly the result of mergers.

Check it out in CUBroadcast Highlights Credit Union Growth By Region

32.5%

That’s Meridian Trust Federal Credit Union’s 12-month growth rate in net income. That’s compared to negative rates posted by state- and asset-based peers. In addition, Meridian Trust’s efficiency ratio of 75.6% easily bested state andpeer averages of 88.7% and 87.4%, respectively.

To see how Wyoming-based institution takes in stride the booms and busts of a mineral-based economy, and succeeds, read Anatomy Of Meridian Trust Federal Credit Union

10

Lending is increasing across the credit union industry, and institutions have found success beyond the 30-year fixed mortgage and 5-year auto loan. The most recent Callahan Collection,10 Ways To Pump Up The Loan Portfolio identifies auto, mortgage, and credit card strategies credit unions can employ to grow their portfolios.

19 Years

That’s the difference in age between the average loan officer and average mortgage applicant, according to Ellie Mae. That difference in age could be the reason why younger consumers’ expectations are often unmet and why there’s confusionthroughout the home-buying process.

Learn more about the differences between officers and consumers in Addressing Employees And Borrowers At The Digital Mortgage Conference

Happy Reading!

December 12, 2016

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