Which credit union has the highest auto loan concentration?

Andrew Bolton

Among all loan types, auto loans grew at the strongest pace at credit unions over the past year.Credit unions nationwide saw their total auto loan balances increase by 9.7% annually to reach $189.5 billion as of June 2013. As auto loan growth outpaced total loan growth, the industry posted a 70 basis point annual increase in auto loan concentration to stand at 30.5% as of June 2013.

According to Callahan & Associates upcoming 2014 Directory, three credit unions led the way in auto loan concentration, with their auto loans accounting for at least 90% of their total loans outstanding as of second quarter 2013. Citizens Community ($172.7M, Ft Dodge, IA) had the highest percentage of auto loans in its overall loan portfolio, with auto loans comprising 91.9% of total loans as of June 2013. Cal-Com ($92.5M, Port Lavaca, TX) came in second with 91.0% in auto loan concentration. Shelter Insurance ($30.1M, Columbia, MO) rounded out the top three with auto loans consisting 90.5% of its total loans as of June.

LEADERS IN AUTO LOAN CONCENTRATION
Data as of June 30, 2013 For Credit Unions over $20M in Assets
Callahan & Associates | www.creditunions.com

Credit Union State Auto Loan Concentration Auto Loans Outstanding Total Loans Total Assets
1 CITIZENS COMMUNITY IA 91.87% $120,468,703 $131,124,694 $172,662,816
2 CAL-COM TX 91.00% $84,158,713 $92,483,628 $121,007,330
3 SHELTER INSURANCE MO 90.51% $4,841,053 $5,348,658 $30,084,286
4 HIGH PLAINS NM 89.86% $28,902,124 $32,162,16 $42,319,930
5 IAM COMMUNITY AL 88.65% $17,987,609 $20,290,340 $34,832,384
6 EQUISHARE KS 88.07% $20,246,427 $22,989,109 $29,735,623
7 FIRST FAMILY OK 88.04% $35,161,681 $39,937,149 $48,967,136
8 FRATERNAL ORDER OF POLICE OK 87.73% $19,052,239 $21,717,567 $35,877,903
9 OMAHA PUBLIC POWER DISTRICT EMPL NE 87.52% $8,059,983 $9,209,483 $32,215,810
10 FORT BRAGG COMMUNITY CA 87.36% $13,654,040 $15,629,785 $31,263,857

Source: Callahan & AssociatesPeer-to-Peer Analytics
Callahan & Associates 2014 Directory

October 10, 2013

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