Which credit union posted the highest 12-month credit card loan growth?

By Janet Lee

Among all credit unions over $20 million in assets and whose total credit card loan balances were over $3 million in assets a year ago, Charlotte Metro ($301.7M, Charlotte, NC) held the title for the highest annual credit card loan growth. The credit union reported 161.2% in 12-month credit card loan growth to have a total of $10.2 million credit card loans on its book as of June 2013. Harvard University Employees ($434.2M, Cambridge, MA) came in second with another over 100% growth in credit card loans, which comprised 8.5% of its total loans as of June. Red Canoe ($586.0M, Longview, WA) was the next leading credit union with its credit card loans increasing 84.4% annually.

The 12-month credit card loan growth at credit unions nationwide averaged at 7.2% as of June 2013, up from 4.7% reported a year ago. The industry’s total credit card loans reached $40.0 billion as of second quarter 2013. The average credit card balance at credit unions also grew 1.2 percentage points from a year prior to $2,692 per member.

LEADERS IN 12-MONTH CREDIT CARD LOAN GROWTH
Data as of June 30, 2013 for Credit Unions over $20M in Assets
& Total CC Loan Balances over $3M a Year Ago| Excluding Significant Mergers
© Callahan & Associates | www.creditunions.com

	Credit Union	State	12-Month Growth	CC Loans Outstanding as of June 2013	CC Loans Concentration	Total Assets
1	CHARLOTTE METRO	NC	161.17%	$10,160,774	4.79%	$301,669,557
2	HARVARD UNIVERSITY EMPLOYEES	MA	112.98%	$25,686,725	8.45%	$434,157,706
3	RED CANOE	WA	84.42%	$8,340,605	1.96%	$585,983,839
4	SECURITY FIRST	TX	81.22%	$7,620,726	2.66%	$378,054,597
5	NORTHROP GRUMMAN	CA	68.87%	$30,479,199	6.87%	$923,221,161
6	EAST IDAHO	ID	58.16%	$8,801,061	7.49%	$268,203,608
7	CHAMPION	NC	54.71%	$5,601,955	4.28%	$185,868,605
8	COLUMBIA	WA	53.43%	$4,634,574	0.73%	$917,405,535
9	DARDEN EMPLOYEES	FL	51.35%	$5,652,785	18.69%	$35,242,853
10	ORNL	TN	43.07%	$33,414,424	2.92%	$1,490,178,474