WASHINGTON - Member business lending has opened up a window forcredit unions to participate in loan participations. Since June2004, the nation's top 15 credit unions in loan participations sawa 185% increase in the number sold and a 120% increase in thenumber bought, according to Callahan & Associates, Inc. At thetop of the list is $640 million Evangelical Christian Credit Union,which generated 38.3% of the $1.1 billion business loanparticipation sellers market. The $3.5 billion Patelco Credit Unionand $1.5 billion Texans Credit Union led the way on the buying sideas both captured 19.5% of the $1.6 billion on the purchasing end.Member business lending has opened a number of avenues for growth,Callahan found, including the popularity of loans participations.The loan arrangement offers portfolio diversification and canincrease the return on earning assets. [email protected]
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