Evangelical Christian CU Far Ahead of Member Business Lending Pack
WASHINGTON -- At nearly $1.3 billion in outstanding member business loans, Evangelical Christian Credit Union is well ahead of the other 49 credit unions with the largest portfolios.
The $1.1 billion credit union has grown its member business lending portfolio nearly 20% over the past 12 months, according to March 31 data from Callahan and Associates Inc. Several other California credit unions have grown significantly during the same period. The $4.4 billion Kinecta CU grew its portfolio almost 69%, while the $1.4 billion Premier America increased its member business loan activity by 84%. The $4.1 billion San Diego County CU grew its portfolio almost 42%.
Callahan data showed that a little over a handful of credit unions in the ranking experienced drops in their portfolios ranging from negative 0.02% to negative 13.19%.