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.