WASHINGTON -- Despite a tumultuous year for lending in states like California, credit unions in the Golden State continue to have some of the most robust member business lending portfolios in the country.
The $1.2 billion Evangelical Christian Credit Union ranked first in the country for total member business loans as of June 30 according to Callahan and Associates. The credit union experienced a nearly 19% growth spurt between June 1007 and June 2008 and was the only one to crack the double-digit billion dollar mark in Callahan's top 50 ranking.
Other California credit unions in the top 10 ranking were the $4.2 billion San Diego County CU and the $450 million Christian Community CU. Going a little further down the list were the $4.3 billion Kinecta FCU, the $2.7 billion Lockheed FCU and the $575 million Telesis Community CU, which all earned spots in the top 20 ranking.
Meanwhile, several credit unions took hits to their portfolios, according to Callahan data. Between June 2007 and June 2008, some reported negative growth ranging from negative 0.80% to as high as negative 32.34%.
--msamaad@cutimes.com
The $1.2 billion Evangelical Christian Credit Union ranked first in the country for total member business loans as of June 30 according to Callahan and Associates. The credit union experienced a nearly 19% growth spurt between June 1007 and June 2008 and was the only one to crack the double-digit billion dollar mark in Callahan's top 50 ranking.
Other California credit unions in the top 10 ranking were the $4.2 billion San Diego County CU and the $450 million Christian Community CU. Going a little further down the list were the $4.3 billion Kinecta FCU, the $2.7 billion Lockheed FCU and the $575 million Telesis Community CU, which all earned spots in the top 20 ranking.
Meanwhile, several credit unions took hits to their portfolios, according to Callahan data. Between June 2007 and June 2008, some reported negative growth ranging from negative 0.80% to as high as negative 32.34%.
--msamaad@cutimes.com
