Which credit union leads the way in 12-month member business loan growth?

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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

October 28, 2013

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