Community Chair

How many members of your credit union are applying for the new loans? What is the average net new loan amount per branch?

Check out this list of the top credit unions with the highest and lowest new loan balances per branch. The report is based on the NCUA Data for the second quarter of 2020 (June 2020). The credit unions taken into consideration are those with asset size of more than $1B and more than 10 branches.

Here is the list of Top 30 CUs with the highest new loan balances per branch.

S.No. CU Name URL  State Total Assets Total No of Branches New Loan Account Balances per Branch
1 Pentagon Federal Credit Union http://www.penfed.org VA $25.93B 51 $402.13M
2 First Technology Federal Credit Union https://www.firsttechfed.com/ CA $14.41B 26 $349.35M
3 Logix Credit Union http://www.logixbanking.com CA $7.19B 17 $322.55M
4 Digital Credit Union http://www.dcu.org MA $10.39B 23 $307.79M
5 Northwest Federal Credit Union http://www.nwfcu.org VA $4.01B 11 $284.03M
6 Navy Federal Credit Union Credit Union https://www.navyfcu.org VA $128.53B 327 $256.06M
7 Technology Credit Union http://www.techcu.com CA $3.39B 10 $247.95M
8 Police & Fire Federal Credit Union http://www.pffcu.org PA $6.31B 17 $242.65M
9 Redwood Credit Union http://www.redwoodcu.org CA $5.69B 18 $239.02M
10 Boeing Employees Credit Union http://www.becu.org WA $24.75B 59 $238.15M
11 Greenstate Credit Union http://greenstate.org IA $6.66B 27 $214.19M
12 Schoolsfirst Federal Credit Union https://www.schoolsfirstfcu.org CA $21.62B 59 $197.69M
13 Michigan State University Federal Credit Union http://www.msufcu.org MI $5.38B 20 $196.90M
14 General Electric Credit Union http://www.gecreditunion.org OH $3.67B 15 $192.27M
15 Delta Community Credit Union https://www.deltacommunitycu.com GA $7.03B 26 $187.89M
16 Connexus Credit Union http://www.connexuscu.org WI $2.97B 14 $186.09M
17 Bethpage Federal Credit Union https://www.bethpagefcu.com NY $9.97B 36 $185.22M
18 Nasa Federal Credit Union http://www.nasafcu.com MD $3.31B 13 $184.02M
19 Pennsylvania State Employees Credit Union http://www.psecu.com PA $7.07B 26 $177.18M
20 Credit Human Credit Union https://www.credithuman.com TX $3.43B 17 $175.69M
21 Bellco Credit Union http://www.bellco.org CO $5.57B 24 $175.22M
22 Kinecta Credit Union http://www.kinecta.org CA $5.06B 23 $170.19M
23 Teachers Federal Credit Union http://www.teachersfcu.org NY $8.13B 30 $168.70M
24 Citizens Equity First Credit Union http://www.cefcu.com IL $6.79B 29 $164.34M
25 Eastman Credit Union http://www.ecu.org TN $5.68B 29 $163.35M
26 Navy Army Community Credit Union http://www.navyarmyccu.com TX $3.53B 19 $159.39M
27 San Diego County Credit Union http://www.sdccu.com CA $9.28B 39 $159.03M
28 Capital Communications Federal Credit Union http://www.capcomfcu.org NY $2.15B 12 $152.63M
29 Jovia Financial Credit Union http://www.joviafinancial.com NY $3.74B 19 $149.72M
30 Tower Federal Credit Union http://towerfcu.org MD $3.59B 17 $148.18M

 

Here is the list of Top 30 CUs with the lowest new loan balances per branch.

S.No. CU Name URL  State Total Assets Total No of Branches New Loan Account Balances per Branch
1 Alabama Credit Union  http://www.alabamacu.com AL $1.08B 32 $19.88M
2 Allsouth Credit Union  https://www.allsouth.org SC $1.01B 23 $23.35M
3 Self Help Credit Union  http://www.self-help.org NC $1.23B 35 $23.51M
4 Directions Credit Union  http://www.directionscu.org OH $1.02B 30 $24.69M
5 Michigan First Credit Union  http://www.michiganfirst.com MI $1.23B 29 $25.51M
6 Red River Employees Credit Union  http://www.rrfcu.com TX $1.09B 29 $26.63M
7 S. C. State Credit Union  https://www.scscu.com SC $1.02B 20 $26.95M
8 One Nevada Credit Union  http://www.onenevada.org NV $1.09B 16 $28.22M
9 First Community Credit Union  http://www.myfirstccu.org OR $1.31B 28 $28.42M
10 University Of Va Community Credit Union  http://www.uvacreditunion.org VA $1.13B 20 $29.03M
11 Superior Credit Union, Inc http://www.superiorcu.com OH $1.19B 25 $29.50M
12 Credit Union 1  https://www.creditunion1.org/ IL $1.12B 21 $29.62M
13 Northrop Grumman Federal Credit Union  http://www.ngfcu.us CA $1.35B 26 $31.37M
14 Horizon Credit Union  http://www.hzcu.org WA $1.21B 31 $31.45M
15 Operating Engineers Local  Federal Credit Union  http://oefcu.org CA $1.23B 25 $31.96M
16 Dfcu Financial Credit Union  http://www.dfcufinancial.com MI $5.52B 29 $32.60M
17 Goldenwest Credit Union  http://www.gwcu.org UT $2.02B 42 $34.49M
18 Aloha Pacific Credit Union  https://alohapacific.com HI $1.07B 17 $35.28M
19 Honor Credit Union  http://www.honorcu.com MI $1.15B 23 $36.23M
20 Barksdale  Federal Credit Union  http://www.bfcu.org LA $1.66B 25 $36.44M
21 Arrowhead Central Credit Union  http://www.arrowheadcu.org CA $1.78B 19 $37.15M
22 Palmetto Citizens Credit Union  http://www.palmettocitizens.org SC $1.06B 15 $38.10M
23 Franklin Mint Credit Union  http://www.fmfcu.org PA $1.37B 26 $39.04M
24 Self-Help Federal Credit Union  http://www.self-helpfcu.org NC $1.45B 30 $39.47M
25 Srp Federal Credit Union  http://www.srpfcu.org SC $1.30B 18 $41.31M
26 Vibe Credit Union  http://www.vibecu.com MI $1.02B 16 $41.82M
27 First Florida Credit Union  http://www.firstflorida.org FL $1.15B 16 $42.15M
28 Iq Credit Union  http://www.iqcu.com WA $1.40B 24 $42.66M
29 Verve, A Credit Union  https://www.verveacu.com WI $1.41B 20 $42.70M
30 Unify Financial Credit Union  http://www.unifyfcu.com CA $3.28B 59 $42.87M

 

 

Of course, there are some caveats in the data here. E.g.

  • Call 5300 report does not report how many loans were originated from channels other than branches - e.g. via call center, digital, etc.
  • For some Credit Unions, some of their branches are one or two-person offices. They might not be open to the public and many of them do not originate loans.
  • Branches are supposed to help drive membership and loans in the community. All the credit unions got impacted due to COVID and we see that most of the CUs in the bottom tier and the top tier were in that tier even before COVID.

Are your credit union branches contributing enough in driving new membership and new loans? If yes, then what is the root cause and what are you planning to do in 2021 to overcome this challenge.

 

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