The top 10 student lenders had a sharply higher growth rate for student loans. Their portfolios rose 30.7% to $1.2 billion, while their deferrals rose 23.5% to $342.7 million. The Top 10 were:

Navy FCU, Vienna, Va. ($8.4 billion in assets, 7.4 million members) had $271.2 million in student loans, more than double the $122.7 million it had a year earlier.
University of Wisconsin CU, Madison, Wis. ($2.6 billion in assets, 236,283 members) had $158.1 million in student loans, up 18.5%.
Digital FCU, Boston, ($8.1 billion in assets, 688,664 members) had $155.2 million in student loans, up 15.6%.
Massachusetts Institute of Technology FCU, Cambridge, Mass. ($544.6 million in assets, 36,089 members) had $109.5 million in student loans, up 4%.
Harvard University Employees CU, Cambridge, Mass. ($627.4 million in assets, 49,345 members) had $98.4 million in student loans, up 10.5%.
Pentagon FCU, Alexandria, Va. ($22.8 billion in assets, 1.6 million members) had $89.7 million in student loans, more than triple its $25.2 million a year ago.
Wright-Patt CU, Dayton, Ohio ($3.9 billion in assets, 349,388 members) had $84.2 million in student loans, up 5.5%.
Quorum FCU, Purchase, N.Y. ($861.4 million in assets, 84,287 members) had $82.6 million in student loans, down 1.7%.
Members 1st FCU, Mechanicsburg, Pa. ($3.7 billion in assets, 376,313 members) had $78.6 million in student loans, up 10.4%.
Elements FCU, Indianapolis, Ind. ($1.4 billion in assets, 95,162 members) had $73.3 million in student loans, down 0.2%.

Instant Insights /

Credit Unions Fill Loan Gaps for More Students

Related Stories

Recommended For You