Which credit union leads the nation in loans-to-shares ratio in the second quarter?

 
 

Among all the credit unions over $20 million in assets, Progressive ($598.5M, New York, NY) boasted the highest loans-to-shares ratio of 186.7% in the second quarter of 2013, up 19.7 percentages points from one year ago. Progressive specializes in taxi medallion loans which tend to carry high loan balance on average. San Antonio ($2.9B, San Antonio, TX) came in second with 123.0% and IC ($459.1M, Fitchburg, MA) rounded out the top three with 118.5%, up 11.1% from the same quarter last year.

The industry average for loans-to-shares ratio as of June 2013 stood at 67.48%, up 162 basis points from the previous quarter and up 50 basis points a year ago. The industry’s total loan balance and total share balance posted $613.9 billion and $909.8 billion, respectively, in the second quarter. Meanwhile, the 6.00% 1-year loan growth outpaced the 5.31% 1-year share growth, which led the loans-to-shares ratio to increase from the previous year. 

The data is obtained from Callahan & Associates’ FirstLook program, which provides credit union executives with a preliminary glimpse of key financial ratios and industry trends.

LEADERS IN LOANS TO SHARES
Data as of June 30, 2013 for Credit Unions Over $20M in Assets
© Callahan & Associates | www.creditunions.com

  Credit Union State Loans/Shares as of June 2013 Loans/Shares as of June 2012 % Change Assets
1 Progressive NY 186.67% 155.89% 19.74% $598,498,213
2 San Antonio TX 122.95% 126.75% -3.00% $2,879,083,272
3 IC MA 118.52% 106.70% 11.08% $489,099,555
4 Melrose NY 117.78% 111.44% 5.69% $1,878,356,491
5 HarborOne MA 116.87% 119.16% -1.92% $1,872,636,288
6 Pawtucket RI 116.53% 107.94% 7.96% $1,470,526,193
7 Sharonview SC 113.48% 115.35% -1.62% $1,036,745,950
8 Pentagon VA 113.43% 111.65% 1.59% $15,823,452,775
9 Rockland MA 111.44% 103.02% 8.17% $1,192,530,551
10 Mid American KS 111.29% 114.90% -3.14% $213,631,819


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

 
 

Aug. 22, 2013


More On:

1Q 2013

Comments

 
 
 

No comments have been posted yet. Be the first one.