Which credit union leads the nation in auto loan penetration?

 
 

Auto loan penetration measures the number of members having auto loans at the credit union. As of June 2013, 16.25% of credit union members held auto loan accounts at the credit unions on average, up from 15.85% reported a year ago.

Citizens Community ($172.7M, Ft Dodge, IA) boasted the highest auto loan penetration among all credit unions over $20 million in assets. It reported that more than 96% of its total 14,956 members are having auto loans at the credit union as of June 2013. The credit union specializes in auto lending (its auto loan concentration stands at 91.9% as of second quarter 2013) and participates in indirect lending, which amounts to over $106.3 million in total. Consolidated ($180.5M, Portland, OR) was the next leading credit union in auto loan penetration, with 70.4% of its members having auto loans at the credit union.

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

  Credit Union State Auto Loan Penetration Auto Loan Concentration Total Auto Loans Total Assets
1 CITIZENS COMMUNITY IA 96.37% 91.87% $120,468,703 $172,662,816
2 CONSOLIDATED OR 70.40% 26.13% $31,282,986 $180,538,088
3 HANIN CA 67.74% 79.45% $11,795,895 $21,344,291
4 ATLANTA POSTAL GA 61.72% 49.14% $452,304,639 $2,045,917,954
5 MCGRAW-HILL NJ 59.85% 13.19% $24,855,945 $325,075,837
6 COASTHILLS CA 54.78% 34.22% $208,803,813 $718,055,041
7 MERITRUST KS 53.77% 68.80% $518,686,887 $889,884,868
8 GENERAL ELECTRIC OH 53.62% 64.44% $1,038,425,073 $1,782,122,325
9 COMMUNITYWIDE IN 51.99% 74.84% $194,110,889 $315,341,999
10 GEORGIA'S OWN GA 51.86% 52.27% $694,776,339 $1,791,903,692


Source: Callahan & Associates’ Peer-to-Peer Analytics
Callahan & Associates’ 2014 Directory

 
 

Oct. 25, 2013


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