Commercial Loans Grow In The Credit Union Loan Portfolio
Commercial loans comprised 6.9% of the total lending portfolio at U.S. credit unions, an increase of 19 basis points from the same time last year.
Commercial loans comprised 6.9% of the total lending portfolio at U.S. credit unions, an increase of 19 basis points from the same time last year.
Interest income from loans and investments drove annual revenue growth among America’s credit unions in the first quarter of 2019.
Loan origination growth outpaced employee growth, pushing originations per employee $16,000 higher than one year ago.
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Delinquency in this portfolio remains the highest for any major credit union loan product.
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Callahan & Associates provides an early look at quarterly performance results. Sneak a peek at the latest trends here.