Credit unions' 10 largest commercial real estate lenders on Dec. 31 held $21 billion in commercial real estate loans on Dec. 31, up 9.5% from a year earlier. Multi-family loans rose 9.1% to $7.9 billion, while other commercial real estate rose 9.7% to $13.1 billion. The 60-day-plus delinquency rate was 1.39% Dec. 31, up from 0.90% a year earlier. The 10 were:

BECU of Tukwila, Wash., in the Seattle area ($29.4 billion in assets, 1.5 million members) held $3.3 billion in commercial real estate loans on Dec. 31, up 3% from a year earlier. Multi-family loans fell 1% to $2 billion, while other loans rose 9.6% to $1.3 billion. The delinquency rate was zero Dec. 31, unchanged from a year earlier.
GreenState Credit Union of North Liberty, Iowa ($10.6 billion in assets, 451,126 members) held $2.9 billion in commercial real estate loans on Dec. 31, down -0.2% from a year earlier. Multi-family loans fell 2.6% to $1 billion, while other loans rose 1% to $2 billion. The delinquency rate was 4.69% Dec. 31, up from 2.23% a year earlier.
Bellco Credit Union of Denver ($8.6 billion in assets, 384,776 members) held $2.5 billion in commercial real estate loans on Dec. 31, up 3.9% from a year earlier. Multi-family loans rose 9.7% to $1.4 billion, while other loans fell 3.1% to $1 billion. The delinquency rate was 0.35% Dec. 31, down from 0.36% a year earlier.
Alliant Credit Union of Chicago ($19.5 billion in assets, 901,055 members) held $2.2 billion in commercial real estate loans on Dec. 31, up 3.9% from a year earlier. Multi-family loans rose 13.8% to $1 billion, while other loans fell 3.3% to $1.2 billion. The delinquency rate was 0.73% Dec. 31, down from 1.21% a year earlier.
Mountain America Federal Credit Union of Salt Lake City ($20.2 billion in assets, 1.3 million members) held $2.1 billion in commercial real estate loans on Dec. 31, up 16% from a year earlier. Multi-family loans rose 25% to $370.8 million, while other loans rose 15% to $1.7 billion. The delinquency rate was 0.49% Dec. 31, up from 0.09% a year earlier.
FourLeaf Federal Credit Union (formerly Bethpage) of Bethpage, N.Y. ($13.4 billion in assets, 484,638 members) held $1.8 billion in commercial real estate loans on Dec. 31, up 6.7% from a year earlier. Multi-family loans rose 27% to $649.1 million, while other loans fell 2% to $1.1 billion. The delinquency rate was 4.74% Dec. 31, up from 4.03% a year earlier.
Lake Michigan Credit Union of Grand Rapids, Mich. ($14.5 billion in assets, 499,044 members) held $1.6 billion in commercial real estate loans on Dec. 31, up 11% from a year earlier. Multi-family loans rose 28% to $204.5 million, while other loans rose 9% to $1.4 billion. The delinquency rate was 0.21% Dec. 31, up from zero a year earlier.
Landmark Credit Union of Milwaukee, Wis. ($6.8 billion in assets, 396,842 members) held $1.6 billion in commercial real estate loans on Dec. 31, up 33% from a year earlier. Multi-family loans rose 16% to $749.9 million, while other loans rose 51% to $882.8 million. The delinquency rate was zero Dec. 31, unchanged from a year earlier.
Wings Financial Credit Union of Minneapolis-St. Paul ($9.4 billion in assets, 371,746 members) held $1.6 billion in commercial real estate loans on Dec. 31, up 22.6% from a year earlier. Multi-family loans rose 38% to $441.4 million, while other loans rose 17% to $1.1 billion. The delinquency rate was 1.00% Dec. 31, up from zero a year earlier.
America First Federal Credit Union of Riverdale, Utah ($21.7 billion in assets, 1.5 million members) held $1.5 billion in commercial real estate loans on Dec. 31, up 25% from a year earlier. Multi-family loans fell 16% to $122.4 million, while other loans rose 30% to $1.3 billion. The delinquency rate was 0.99% Dec. 31, up from 0.39% a year earlier.

Contact Jim DuPlessis at JDuPlessis@cutimes.com.

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Credit Unions Outpace Others in Commercial Real Estate

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