If credit unions are looking for proof that they can manageloans better than their bank competitors, it would likely be withdelinquencies and charge-offs.
|Since 2007, credit unions' loan losses have trailed banks inboth areas, according to data tracked by CU Business Group, aPortland, Ore.-based business lending CUSO serving more than 360credit unions.
|Meanwhile, even as the industry experienced sluggish loangrowth, several credit unions experienced double digit percentageincreased in their auto and first mortgage originations amongothers.
|The 10 credit unions with the highest outstanding auto loanportfolios were all members of the billion dollar asset club withNavy Federal Credit Union topping the list, according to Callahanand Associates Inc.'s data as of Sept. 30, 2011. Navy Federal alsoranked first in first mortgage originations. New York andCalifornia credit unions commanded the top four spots in the memberbusiness loan growth category while the $4 billion Digital FederalCredit Union was the clear leader in the non-federally guaranteedstudent loan ranking.
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