The median credit union loan portfolio expanded 4.0% year-over-year in 2016. Performers in the top 20th percentile posted 12.4% growth. Credit unions in the bottom 20th percentile posted growth of -3.8%.
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Large lenders enjoyed notable success in 2016, driving up the average auto balance growth rate to 14.1%. Median auto growth was 6.4%. The top 20th and bottom 20th percentiles grew 19.2% and fell 5.2%, respectively.
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Check out the credit union auto market share map.
Sales to the secondary market increased 16.2% year-over-year to $56.7 billion as of Dec. 31, 2016. Credit unions in the bottom 20th percentile sold, on average, 15.8% of their first mortgage loan originations to the secondary market. The industry median for sales to the secondary market fell to 44.4% from 45.1%. Credit unions in the upper 20th percentile sold 79.4% on average.
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Usage rates across each percentile declined from previous year-end levels, with the top 20th, median, and bottom 20th declining 34, 72, and 33 basis points, respectively.
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The median MBL delinquency fell to 1.01% in the fourth quarter of 2016. That's 3 percentage points lower than credit unions in the bottom 20th percentile. Credit unions in the top 20th percentile posted an MBL delinquency rate of 0.20%. The industry average MBL delinquency rate, heavily impacted by large lenders, rose to 1.53% as of Dec 31, 2016.
Read more about credit union member business lending.
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