Which credit union has the highest real estate loan penetration?

 
 

Real estate loan penetration measures the percent of members holding real estate loans with the credit union. The industry average for real estate loan penetration in the first quarter stood at 4.36%, 13 basis points lower than a year prior. The decrease in rate is attributed to a 3.0% increase in total members from last year as well as the trend in selling long-term fixed rate mortgages to the secondary market.

Workmen’s Circle ($55.5M, Savannah, GA) leads the nation in real estate loan penetration at 26.33% as of March 2013, over five-fold the industry average. Wymar ($80.0M, Geismar, LA) came in second with 21.91% real estate loan penetration, up by 894 basis points from the previous year. The number of real estate loans at Wymar increased from 508 to 877 over the past year, posting 72.6% growth. Appletree ($131.2M, West Allis, WI) rounded out the top three with just over 21% in real estate loan penetration. The above three credit unions’ loan portfolios also had higher real estate concentrations than the industry average at 56.6%, reporting 94.6%, 66.2% and 84.2%, respectively.

LEADERS IN REAL ESTATE LOAN PENETRATION
Data as of March 30, 2013 For Credit Unions Over $20M In Assets
© Callahan & Associates | www.creditunions.com

  Credit Union State RE Penetration as of March 2013 RE Penetration as of March 2012 Change in Basis Points Assets
1 Workmen's Circle GA 26.33% 26.93% -60 $55,464,719
2 Wymar LA 21.91% 12.97% 894 $80,039,706
3 Appletree WI 21.14% 23.50% -236 $131,228,729
4 Maine Education ME 20.32% 13.31% 701 $32,027,637
5 SM KS 19.10% 18.52% 58 $61,187,710
6 Empower WI 19.10% 18.91% 19 $111,751,523
7 IC MA 18.91% 19.18% -27 $473,548,460
8 Countryside NY 18.90% 24.85% -595 $132,298,716
9 Taupa Lithuanian OH 18.20% 14.83% 337 $23,635,356
10 Gardiner ME 17.92% 12.12% 580 $37,896,795


Generated by Callahan & Associates' Peer-to-Peer Analytics