Which credit union posted the highest 12-month credit card loan growth?

 
 

Among all credit unions over $20 million in assets and whose total credit card loan balances were over $3 million in assets a year ago, Charlotte Metro ($301.7M, Charlotte, NC) held the title for the highest annual credit card loan growth. The credit union reported 161.2% in 12-month credit card loan growth to have a total of $10.2 million credit card loans on its book as of June 2013. Harvard University Employees ($434.2M, Cambridge, MA) came in second with another over 100% growth in credit card loans, which comprised 8.5% of its total loans as of June. Red Canoe ($586.0M, Longview, WA) was the next leading credit union with its credit card loans increasing 84.4% annually.

The 12-month credit card loan growth at credit unions nationwide averaged at 7.2% as of June 2013, up from 4.7% reported a year ago. The industry’s total credit card loans reached $40.0 billion as of second quarter 2013. The average credit card balance at credit unions also grew 1.2 percentage points from a year prior to $2,692 per member. 

LEADERS IN 12-MONTH CREDIT CARD LOAN GROWTH
Data as of June 30, 2013 for Credit Unions over $20M in Assets
& Total CC Loan Balances over $3M a Year Ago| Excluding Significant Mergers
© Callahan & Associates | www.creditunions.com

  Credit Union State 12-Month Growth CC Loans Outstanding
as of June 2013
CC Loans Concentration Total Assets
1 CHARLOTTE METRO NC 161.17% $10,160,774 4.79% $301,669,557
2 HARVARD UNIVERSITY EMPLOYEES MA 112.98% $25,686,725 8.45% $434,157,706
3 RED CANOE WA 84.42% $8,340,605 1.96% $585,983,839
4 SECURITY FIRST TX 81.22% $7,620,726 2.66% $378,054,597
5 NORTHROP GRUMMAN CA 68.87% $30,479,199 6.87% $923,221,161
6 EAST IDAHO ID 58.16% $8,801,061 7.49% $268,203,608
7 CHAMPION NC 54.71% $5,601,955 4.28% $185,868,605
8 COLUMBIA WA 53.43% $4,634,574 0.73% $917,405,535
9 DARDEN EMPLOYEES FL 51.35% $5,652,785 18.69% $35,242,853
10 ORNL TN 43.07% $33,414,424 2.92% $1,490,178,474


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