More credit unions are becoming more active in the business lending activities, with low-income designation providing additional capacity for credit unions to make business loans. Credit unions nationwide, on average, reported a 10.3% 12-month growth in member business loans outstanding as of June 2013, up 201 basis points from one year ago. Total member business loan balances at credit unions reached $38.6 billion. The average member business loan balance stood at $202,434 in the second quarter of 2013, an annual increase of 2.1%.
Among credit unions over $20 million in assets with at least $2 million member business loans outstanding at June 2013 and $1 million outstanding at June 2012, Keypoint ($805.2M, Santa Clara, CA) posted the highest organic growth in member business loans over the past year. The credit union’s member business loans outstanding increased more than ten-fold annually to reach $21.5 million as of June 2013. Lamoure ($23.5M, Lamoure, ND) ranked sixth with a 340.8% annual growth in member business loans, which comprise nearly half of its loan portfolio as of second quarter.
LEADERS IN 12-MONTH MEMBER BUSINESS LOAN GROWTH
Data as of June 30, 2013 For Credit Unions Over $20M In Assets With At Least $2M Outstanding at June 2013 and $1M Outstanding at June 2012 | Excluding Significant Mergers
Callahan & Associates | www.creditunions.com
| Credit Union | State | 12-Month MBL Growth | Total MBL Outstanding as of June 2013 | MBL Concentration | Total Assets | |
|---|---|---|---|---|---|---|
| 1 | KEYPOINT | CA | 1033.48% | $21,499,958 | 3.66% | $805,216,069 |
| 2 | WASHINGTON STATE EMPLOYEES | WA | 741.13% | $15,584,986 | 1.38% | $1,865,790,761 |
| 3 | NORTHWEST | VA | 398.49% | $67,303,604 | 6.26% | $2,568,322,925 |
| 4 | FREEDOM FIRST | VA | 356.76% | $8,214,163 | 3.38% | $311,386,237 |
| 5 | NUTMEG STATE | CT | 355.87% | $8,121,408 | 3.37% | $356,686,618 |
| 6 | LAMOURE | ND | 340.82% | $7,602,192 | 46.68% | $23,548,322 |
| 7 | ALABAMA TELCO | AL | 331.79% | $8,659,931 | 2.48% | $606,398,895 |
| 8 | DOVER | DE | 323.00% | $7,369,946 | 4.81% | $401,561,221 |
| 9 | ALLIANT | IL | 317.41% | $105,769,205 | 3.23% | $8,225,494,884 |
| 10 | SERVICE | NH | 277.40% | $13,408,480 | 0.89% | $2,327,737,600 |
Source: Callahan & AssociatesPeer-to-Peer Analytics
Callahan & Associates 2014 Directory
