Who are the Top 10 credit unions in new auto loan growth?

 
 

At December 31, 2012, the credit union industry posted year-end growth in its portfolio of new auto loans for the first time in 5 years. Total new auto loans on the balance sheet grew 6.3% up from -7.4% at December 2011. Today, the $63 billion in new auto loans is just over one-third of the total auto loan portfolio and 10.5% of total loans.

Some credit unions posted even more remarkable numbers. After eliminating mergers, we also filtered our list to those with at least $1 million in auto loans last year and at least $20 million in total assets. The 10 credit unions below outperformed the industry by over 12 fold! All 10 credit union participate in indirect lending and represent geographic diversity covering nine states.

LEADERS IN NEW AUTO LOAN GROWTH
DATA AS OF DECEMBER 31, 2012
© Callahan & Associates | www.creditunions.com

Rank State Name New Auto Growth Total New Auto Loans Total Assets Members
1 GA MembersFirst 331.04% $11,535,366 $107,569,474 16,957
2 RI Pawtucket 249.07% $27,949,302 $1,349,074,128 72,329
3 OK Weokie 244.34% $78,424,603 $870,978,403 51,586
4 NJ First Jersey 192.21% $19,660,427 $142,080,286 10,094
5 CA Bay 184.16% $15,434,727 $672,113,449 55,521
6 TX My Community 184.16% $52,901,171 $254,913,931 24,559
7 WA TAPCO 122.33% $9,667,378 $271,175,894 24,929
8 OH Cardinal Community 118.48% $23,358,648 $167,057,802 19,056
9 OH KEMBA Financial 117.64% $47,755,222 $725,317,011 64,644
10 IA Greater Iowa 114.98% $19,558,299 $302,651,554 30,078


Generated by Callahan & Associates' Peer-to-Peer Software.

 
 

March 4, 2013


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