4 Graphs About Credit Union Business Lending

Business lending is playing a larger role at credit unions and accounts for 6.4% of the industry's loan portfolio.

 
 

Credit Union Loan Portfolio
Data as of Sept. 30, 2014
© Callahan & Associates | www.creditunions.com

Member business loans make up 6.4% of the credit union loan portfolio; that's a notable increase from 2.2% a decade ago.

Source: Callahan & Associates

 

Year-To-Date Member Business Loan Originations
Data as of Sept. 30, 2014
© Callahan & Associates | www.creditunions.com

Credit unions lent more money to businesses in the past two years than ever before.

Source: Callahan & Associates

 

10 Credit Unions With The Largest Number Of MBL Originations
Data as of Sept. 30, 2014
© Callahan & Associates | www.creditunions.com

Michigan State University FCU has made the most business loans so far in 2014. It offers multiple types of business loans and a business credit card.

  State Name # Of MBLs Granted YTD $ Of MBLs Granted YTD Total Assets
1 MI Michigan State University 9,741 $47,850,163 $2,700,356,656
2 NY Empower 4,432 $9,707,092 $1,265,684,482
3 CA Farmers Insurance Group 1,154 $83,870,850 $661,336,854
4 IA Dupaco Community 1,090 $105,127,498 $1,243,093,323
5 NY Melrose 1,079 $568,883,356 $2,072,672,217
6 MN Dawson Co-op 1,062 $36,843,624 $130,687,716
7 MN Central Minnesota 957 $147,788,724 $851,970,404
8 KS Farmway 893 $15,865,078 $88,668,959
9 IN Interra 884 $68,536,497 $705,544,724
10 ND North Star Community 742 $39,786,139 $166,312,468

Source: Callahan & Associates

 

Business Share Account Deposits
© Callahan & Associates | www.creditunions.com

Business deposits at credit unions have risen by $5.4 billion over the past six quarters.

Source: Callahan & Associates