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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