Who are the leaders in auto loan concentration?

 
 

Auto loans make up 30.2% of the total loan portfolio at credit unions nationwide, but some credit unions focus much more of their efforts on this important loan portfolio segment. Citizens Community ($174.8M, Ft. Dodge, IA) reported that 92.3% of their loan portfolio was auto loans in the first quarter, the highest of any credit union over $20 million in assets.

Auto loans, which posted 9.1% growth annually, are rebounding as consumers are replacing old and worn out cars now that the economy has rebounded. New auto loans posted the fastest growth of any segment of the loan portfolio in the first quarter, with balances increasing 10.6% from March 2012.

Not surprisingly, credit unions that have above average concentrations of auto loans are typically seeing above average loan growth. The average loan growth rate for the top 20 credit unions in auto loan concentration was 10.2%, more than double the national average of 4.8%.

LEADERS IN AUTO LOAN CONCENTRATION
Data As Of March 31, 2013 For All Credit Unions Over $20 Million
© Callahan & Associates | www.creditunions.com

  Credit Union State Auto Loans/
Total Loans Outstanding
Auto Loans Outstanding Assets
1 Citizens Community IA 92.29% $112,546,410 $174,790,500
2 Cal-Com TX 91.04% $83,158,648 $120,367,142
3 High Plains NM 89.76% $28,742,537 $43,736,073
4 IAM Community AL 89.47% $20,113,202 $35,913,694
5 Badlands MT 88.97% $5,270,435 $20,736,333
6 Shelter Insurance MO 88.71% $4,201,302 $30,071,704
7 TCC TX 88.16% $16,535,647 $24,541,179
8 First Family OK 87.95% $32,970,824 $47,501,345
9 Fort Bragg Community CA 87.91% $13,582,066 $31,512,061
10 Fraternal Order Of Police OK 87.33% $17,963,026 $35,898,096

 

 
 

June 17, 2013


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