According to the preliminary third quarter data from Callahan & Associates’ First Look program, credit unions reported 69.7% in loan-to-share ratio as of September 30, 2013. This is up nearly 2 percentage points from 67.9% reported in the previous September. Like the previous quarter, the third quarter also saw loan growth outpacing share growth at credit unions over the 12-months period. As of September 2013, loan growth at credit unions reached 7.44% (versus 4.87% in September 2012) while share growth stood at 4.72% (versus 6.89% in September 2012).
Among credit unions over $20 million in assets, Progressive($616.8M, New York, NY) had the highest loan-to-share ratio as of third quarter 2013. The credit union which specializes in high-balance taxi medallion loans reported that its total loan balance is nearly twice the size of its total share balance as of third quarter 2013. IC($496.0M, Fitchburg, MA) came in second with 124.3% in loan-to-share ratio.
LeaderS in loan-to-share ratio
Data As of September 30, 2013 for Credit Unions over $20M in Assets
© Callahan & Associates | www.creditunions.com
|
Credit Union |
State |
Loan-to-Share Ratio |
Loans |
Shares |
Total Assets |
1 |
Progressive |
NY |
197.38% |
$566,878,128 |
$287,200,134 |
$616,780,400 |
2 |
IC |
MA |
124.31% |
$434,980,453 |
$349,928,543 |
$495,945,069 |
3 |
San Antonio |
TX |
122.97% |
$2,647,409,332 |
$2,152,935,765 |
$2,837,048,302 |
4 |
Pawtucket |
RI |
120.03% |
$1,333,373,177 |
$1,110,821,454 |
$1,511,288,045 |
5 |
Pentagon |
VA |
118.35% |
$14,857,179,691 |
$12,553,304,608 |
$16,510,849,549 |
6 |
Sharonview |
SC |
116.67% |
$864,365,672 |
$740,849,817 |
$1,046,695,007 |
7 |
Rockland |
MA |
116.51% |
$1,161,452,996 |
$996,868,670 |
$1,247,007,871 |
8 |
Melrose |
NY |
116.20% |
$1,700,737,567 |
$1,463,614,511 |
$1,868,541,217 |
9 |
University Of Iowa Community |
IA |
113.31% |
$1,872,942,503 |
$1,652,951,153 |
$2,074,755,102 |
10 |
Mid American |
KS |
113.27% |
$200,824,833 |
$177,295,528 |
$219,677,512 |
Source: Callahan & Associates’ Peer-to-Peer Analytics