Callahan Bowl IV

It’s that time of year again. We compare Pittsburgh and Seattle credit unions mano a mano to determine whether the Steelers or the Seahawks will win the Super Bowl.

 
 

Over the past three years, we have used our credit union analysis skills to predict who will win the Super Bowl. Unlike conventional models that take a look at the performance of the football teams involved in the game, we examine the financial performance of the credit unions in these football teams’ hometowns to predict the winner, specifically those with over $50 million in assets. This year, we pick the Seattle Seahawks to win based on the superior financial performance of Seattle credit unions.

So far, we have been one for three in predicting the correct winner, so there may be a chance that credit union performance is negatively correlated to football performance. This year was a close contest, with Seattle credit unions narrowly outperforming Pittsburgh credit unions in four of the seven categories.

 

Share

Loan

Loans/

Member

Capital/

Delinquency

 

 

City

Growth

Growth

Shares

Growth

Assets

Ratio

ROA

Score

Pittsburgh

1.42%

6.13%

69.44%

5.41%

16.31%

1.06%

0.60%

3

Seattle

1.18%

10.91%

73.34%

0.13%

10.78%

0.35%

0.75%

4

The key to success for Seattle credit unions seems to be economies of scale. Seattle credit unions with over $50 million in assets total $8.3 billion in assets versus the $317.5 million for Pittsburgh credit unions. Perhaps the Seahawks can use a similar strategy of using their offensive line’s superior size to overpower the Pittsburgh defense and put points on the board.

However, Super Bowl history has taught us to never underestimate the impact one player can make on the outcome of the game. Perhaps the Steelers’ Jerome Bettis can leverage the excitement of possibly playing the final game of his career in his hometown to lead the Steelers to victory. As a lifelong Steelers fan, I hope that this is the outcome. From the credit union perspective though, while one credit union, Pittsburgh Teachers CU ($79.5 million in assets), outshined the other credit unions, its individual financial performance was not enough to lead Pittsburgh to victory.

Top Performing Credit Unions in the Super Bowl XL Cities

Data as of September 30, 2005

Credit Unions with at least $50 million in Assets

Performance

Credit

 

 

 

Ratio

Union

City

Value

Assets

Share Growth

BECU

Seattle

17.05%

$5,849,894,272

Loan Growth

Pittsburgh Teachers

Pittsburgh

22.92%

$79,525,009

Loans/Shares

Verity

Seattle

106.67%

$328,040,075

Member Growth

Pittsburgh Teachers

Pittsburgh

36.01%

$79,525,009

Capital/Assets

Pittsburgh Teachers

Pittsburgh

30.81%

$79,525,009

Delinquency

Cascade

Seattle

0.14%

$171,565,413

ROA

BECU

Seattle

1.40%

$5,849,894,272

To find out how your credit union is comparing versus other credit unions in your city or beyond, check out our Peer-to-Peer software.

 

 

 

Jan. 30, 2006


Comments

 
 
 
  • Is BECU the Shawn Alexander of the Seattle group? Pittsburgh wins, but I would take the 4 points.
    Anonymous
     
     
     
  • I think you have some skewed ideas on what is in the economies of both cities. Seattle is a city with great industry preformance, while Pgh is an older city whose best paying jobs left with the steel mills. This could account for some of the performing statistics, such as Delinquency. If you have people making $8.00 per hr. it's hard at times not to be deliquent. As you can see the teachers are making a decent buck now and it reflects in thier credit unions strong position.
    Anonymous