Portland Teachers Credit Union Grows Loans at Double-Digit Pace in 2002

Portland Teachers grew loans 13.6% in 2002, nearly doubling the 7.4% rate of share growth. This tremendous loan growth raised their loan to share ratio from 86.7% to 91.8% in a twelve-month span. This fast-paced loan growth also pushed Portland Teachers over $1 billion in loans outstanding, even while selling over $70 million first mortgage loans (over 6% of total loans outstanding) on the secondary market.

 
 

Portland Teachers grew loans 13.6% in 2002, nearly doubling the 7.4% rate of share growth. This tremendous loan growth raised their loan to share ratio from 86.7% to 91.8% in a twelve-month span. This fast-paced loan growth also pushed Portland Teachers over $1 billion in loans outstanding, even while selling over $70 million first mortgage loans (over 6% of total loans outstanding) on the secondary market.

Portland Teachers generated 79% of their total income, and 90% of their interest income, from loan interest. This helped increase their bottom line 75% and boosted their Return on Average Assets 51 basis points, ending 2002 at 1.51%.

Portland Teachers Credit Union is a participant of Callahan's First Look program. To begin your 4th Quarter 2002 analysis, email your 5300.xml file to 5300@callahan.com.

 

 

 

Jan. 20, 2003


Comments

 
 
 
  • More detail would have been useful. How did they increase their loan growth? Special Marketing campaigns, what? Was it mostly in a certain area, cars, homes, etc.?
    Anonymous
     
     
     
  • How did they do it?
    Anonymous
     
     
     
  • It would have been more intersting if you described the loan types that increased - cars? credit cards? signature? home equity? mortgage? Adjustable? Fixed? Did they mortgage their future for current growth?
    Anonymous
     
     
     
  • Specifically how? Car loans, Indirect, Membership Charter Change, Marketing?
    Anonymous
     
     
     
  • Specific tactical items that made this growth rate possible? Also, what did they do differently in 2002 to achieve this success?
    Anonymous
     
     
     
  • auto loans
    Anonymous