Which credit union reported the highest loan-to-share ratio as of third quarter?

By Alix Patterson

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