Who restructured the most members’ debt in 2012?

By Alix Patterson

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