Who restructured the most members’ debt in 2012?

 
 

Credit unions restructured almost 86,500 loans worth nearly $3.4 billion during 2012. Leading the way were Navy ($52B, Vienna, VA) and State Employees ($25.5B, Raleigh, NC), which modified 27,256 loans and 3,196 loans, respectively. Citizens Community in Iowa was a stand out in helping members, as the $164 million credit union was the only credit union under $1 billion in assets to crack the top 20 in number of loans modified.

LEADERS IN NUMBER OF TDR LOANS APPROVED YEAR-TO-DATE
DATA AS OF DECEMBER 31, 2012
© Callahan & Associates | www.creditunions.com

Rank State Name Number of TDR
Loans Approved
Year-to-Date
Amount of
TDRs Modified YTD
Total Assets
1 VA Navy 27256 $376,537,645 $52,436,122,890
2 NC State Employees 3196 $166,956,927 $25,475,783,710
3 WA BECU 2843 $80,964,652 $11,083,830,632
4 UT Mountain America 1627 $34,427,136 $3,367,630,484
5 UT America First 1258 $118,839,567 $5,524,303,834
6 AK Alaska USA 1005 $13,768,296 $5,166,731,647
7 TX Security Service 924 $14,308,987 $6,897,235,291
8 CA SchoolsFirst 891 $49,640,881 $9,380,440,450
9 FL Fairwinds 817 $2,317,097 $1,664,612,958
10 IA Citizens Community 807 $8,060,220 $164,837,821
11 WA Washington State Employees 725 $13,185,953 $1,806,158,759
12 AZ Arizona 704 $10,809,154 $1,296,524,445
13 NC Coastal 600 $88,926,593 $2,166,171,430
14 OR Oregon Community 585 $6,990,034 $1,102,263,946
15 CA Partners 493 $14,873,692 $1,149,317,126
16 MO CommunityAmerica 474 $12,111,882 $1,859,936,329
17 CA North Island Financial 455 $19,276,155 $1,090,068,752
18 IN Teachers 423 $11,619,228 $2,350,115,587
19 FL Grow Financial 416 $9,065,028 $1,843,515,055
20 WA Spokane Teachers 389 $10,623,278 $1,712,656,796


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

 
 

March 13, 2013


Comments

 
 
 
  • It'd be interesting to know what types of loans were restructured.
    Anonymous