Credit unions serve their members in a variety of ways, each measurable as a unique
data point. Some credit unions excel at providing their members with their dream
home; some put more of their members behind the wheel of their favorite car at
affordable rates. Often these credit unions have put into place services, like
an indirect auto lending program, or have adopted technology, like automated online
loan approval systems, to help achieve this success.
Other credit unions focus on the financial health of their credit union. This
may mean achieving a loan-to-share ratio 30 percentage points higher than the
industry average, or earning a Return on Assets 200 basis points above their
peers.
And then there are credit unions that excel across the board. According to
Callahan's 2004 Credit Union Directory,
the following ten credit unions are considered Best-in-Class* in over 6 performance
categories as of June 2003.
One thing they all have in common is continued success in growing their loan
portfolio. All of these credit unions rank in the top 2 percent of credit unions
for 5-year loan growth. These 10 credit unions grew loans at 5-year compound
rates ranging from 19.4% to 29.8%, well above the industry average of 8.8%.
Credit Union |
CEO |
#
of Categories |
| Arrowhead Central CU |
Larry Sharp |
6 |
| Digital
Federal CU |
Carlo
Cestra |
7 |
| Evangelical Christian CU |
Mark Holbrook |
10 |
| Family First
Federal CU |
Bart White
|
6 |
| Honda FCU |
Jim Updike |
6 |
| MacDill Federal CU |
Robert Fisher |
8 |
| Popa Federal CU |
Sunny Tan |
6 |
| San Diego County CU |
Rod Calvao |
6 |
| The Archer Cooperative
CU |
Steve Lamon |
8 |
| Vermont Development |
Caryl Stewart |
6 |
Click here to download
a PDF which includes a breakdown of Best-in-Class categories for all ten credit
unions above.
*Twenty-three Best-in-Class tables are included in Callahan's 2004
Credit Union Directory. These tables include the Top 50 or 100 credit unions
from all 3,520 credit unions over $20 million. The 23 leader tables in the 2004
Credit Union Directory are: Total Assets, Total Members, Member Growth, Average
Share Balance, 12-month & 5-year Share Growth, Share Draft Penetration, Average
Loan Balance, Loans-to-Shares, 12-month & 5-year Loan Growth, Auto Loan Penetration,
Indirect Auto Lending, Leases Receivable, Credit Card Penetration, Real Estate
Originations, Real Estate Loans to Total Loans, Member Business Lending, Branches
and ATMs, Return on Assets, Investments/Assets, Net Worth-to-Assets, and Service
Revenue/Assets. For more information,
click here.