12-Month Member Business Loan Growth

Amid a harsh business climate these credit unions are lending to kick-start the economy.

 
 

Businesses are the engines of the economy. Barbershops, boutiques, and hardware stores provide jobs to community members and the revenue these outfits generate is filtered back into the local economy. A prosperous business community creates a positive feedback loop for a city or town's economic well-being.

To that end, business lending can be a worthy and valuable investment for credit unions. Business lending requires a delicate touch and it's even harder for businesses to thrive in today's environment, yet these 10 credit unions are leading the way in growing solid business loans.

                 
Leaders in 12-Month Member Business Loan Growth | Data as of 6/30/10    

Credit Unions over $20M in Assets & $2M in Outstanding MBL Loans |
Excluding Significant Mergers  

  

Rk Credit Union St 12-Month Growth Total MBL Outstanding (06/10) Total MBL Outstanding (06/09) % MBL / Total Loans Total Assets CDSID
1 IDAHO CENTRAL ID 838.53% $9,602,737 1,023,169 1.39% $826,632,455 3,270
2 SUNSTATE FL 378.43% $19,859,028 4,150,884 10.53% $251,688,785 2,251
3 AMERICAN HERITAGE PA 359.93% $19,968,270 4,341,633 3.12% $939,742,904 10,775
4 ENVISION FL 312.38% $4,788,407 1,161,161 3.23% $222,178,584 2,370
5 COMMUNITYAMERICA MO 304.04% $22,564,895 5,584,765 1.77% $1,751,010,122 7,278
6 FIRSTMARK TX 292.98% $32,587,670 8,292,463 6.44% $695,855,820 13,251
7 CAL STATE L.A. CA 266.36% $4,083,374 1,114,574 11.51% $43,615,004 559
8 ELEVATIONS CO 258.87% $15,363,208 4,281,022 2.48% $926,471,017 1,636
9 WATERMARK WA 246.71% $5,518,265 1,591,590 1.35% $557,332,076 14,234
10 SIU IL 233.68% $3,733,153 1,118,776 3.29% $190,098,978 4,131

Source: Callahan's 2011 Credit Union Directory

 
   

 

 

 

 

Nov. 8, 2010


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