In the December 11 Daily Data Blog, we looked at what segment of the loan portfolio was posting the largest gains in originations. A reader asked if there were geographic concentrations in the data. Let's take a look.
All 50 states, but not the District of Columbia, posted higher loan originations through the third quarter of 2012. As the home of Navy FCU's headquarters, Virginia dominates the list in total dollar originations. California credit unions posted the largest absolute gain of $8.23 billion, with 291 of their 409 credit unions posting positive growth in originations.
In percentage terms, credit unions in the Sand States of Arizona and Nevada posted the greatest percent change in loan originations year-over-year, 58.4% and 53.5% respectively. Much of this growth came from depressed levels of originations in the prior year. Delaware is the one other state posting greater than 50% growth in originations.
GROWTH OF LOAN ORIGINATIONS OVER PRIOR YEAR | DATA AS OF SEPTEMBER 30, 2012
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