Progressive Credit Union ($547.5M, New York, NY), which specializes in high-balance taxi medallion loans, had a 164.7% loan-to-share ratio in the fourth quarter. This is the highest for all credit unions over $20 million in assets.
With share growth outpacing loan growth over the past few years, the loan-to-share ratio has fallen for many credit unions. The average for the industry stood at 68.0% as of December 31, down from the 69.1% ratio posted in the fourth quarter of 2011. Boosting the ratio and turning some of the excess liquidity into interest-yielding loans is a critical priority for credit unions in 2013.
LEADERS IN LOANS-TO-SHARES RATIO
DATA AS OF DECEMBER 31, 2012
© Callahan & Associates | www.creditunions.com
|
|
Credit Union |
State |
Loans-to-Shares |
Total Loans |
Total Shares |
Assets |
|
1 |
Progressive |
NY |
164.65% |
$476,677,737 |
$289,503,036 |
$547,472,722 |
|
2 |
San Antonio |
TX |
125.05% |
$2,709,513,760 |
$2,166,758,403 |
$2,890,612,225 |
|
3 |
Darden Employees |
FL |
124.17% |
$26,343,828 |
$21,216,455 |
$26,885,395 |
|
4 |
First |
IA |
117.57% |
$134,814,883 |
$114,670,145 |
$139,730,663 |
|
5 |
Sharonview |
SC |
116.67% |
$836,901,066 |
$717,341,227 |
$1,015,380,519 |
|
6 |
Melrose |
NY |
116.53% |
$1,672,750,202 |
$1,435,490,845 |
$1,835,079,891 |
|
7 |
HarborOne |
MA |
115.35% |
$1,535,269,890 |
$1,330,995,089 |
$1,870,033,434 |
|
8 |
IC |
MA |
114.91% |
$401,908,278 |
$349,748,116 |
$474,925,436 |
|
9 |
The Local |
TX |
113.75% |
$20,319,46 |
$17,863,016 |
$21,913,532 |
|
10 |
Mid American |
KS |
113.60% |
$176,797,883 |
$155,632,254 |
$196,267,589 |
Generated by Callahan & Associates’ Peer-to-Peer Software