Indirect Loans Outstanding

These 10 credit unions lead the way in indirect lending.

 
 

Indirect lending is not a universal practice in the credit union industry, but some credit unions find success in the market.

Approximately one quarter (25.5%) of credit unions have an indirect lending program. Of that quarter, indirect loans make up 32.2% of their aggregated loan portfolio.

Here are the leaders in indirect loans outstanding for credit unions with assets more than $20 million.

We're profiling leader Security Service Federal Credit Union ($5.9B, San Antonio, TX) in the 3Q10 edition of CUSP. Order it here.

Leaders In Indirect Loans Outstanding*
Data as of June 30, 2010 | Credit Unions over $20M in Assets
Rk Credit Union St Indirect Loans Outstanding* Auto Loans Outstanding Auto Loan Penetration 12-Mo. Auto Loan Growth Auto Loans/Total Loans
1 SECURITY SERVICE TX $3,825,438,682 $4,038,233,225 33.17% 9.98% 78.18%
2 KINECTA CA $2,261,890,172 $291,656,544 11.87% -37.50% 10.00%
3 ALASKA USA AK $1,473,385,801 $1,626,969,330 25.27% 7.51% 58.27%
4 BECU WA $1,061,716,281 $1,414,818,208 17.12% -19.37% 20.78%
5 SAN ANTONIO TX $864,744,069 $927,382,466 23.12% 3.82% 34.88%
6 AMERICA FIRST UT $850,406,231 $1,535,994,859 26.75% -1.32% 40.71%
7 THE GOLDEN 1 CA $796,618,423 $1,152,623,930 15.20% 1.47% 29.77%
8 TEACHERS IN $717,118,621 $786,475,212 23.37% 0.57% 47.33%
9 TINKER OK $591,993,835 $837,753,394 25.93% 12.24% 61.77%
10 ONPOINT COMMUNITY OR $553,885,233 $809,034,237 31.47% -8.12% 39.56%
* 5300 Call Report data does not distinguish between indirect loan types. These balances may include indirect mortgages or consumer loans. Currently less than 5% of credit unions offer indirect mortgage or consumer loans.
Source: Callahan & Associates' 2011 Credit Union Directory

 

 

 

 

Nov. 22, 2010


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