For more information on each credit union, click on their name below. The seven credit unions were:

PenFed, which held $915.8 million in commercial loans Dec. 31, accounting for 4% of total loans. The delinquency rate was 4.72% for commercial loans, compared with 1.13% for its other loans.
First Tech, which held $1.48 billion in commercial loans on Dec. 31, accounting for 12.2% of total loans. The delinquency rate was 6.23% for commercial loans, compared with 0.87% for other loans.
Greater Nevada Credit Union of Carson City, Nev. ($1.69 billion in assets, 88,408 members), which held $480.5 million in commercial loans on Dec. 31, accounting for 37% of total loans. The delinquency rate was 11.9% for commercial loans, compared with 0.6% for other loans.
U.S. Eagle Federal Credit Union of Albuquerque, N.M. ($1.45 billion in assets, 97,686 members), which held $261 million in commercial loans on Dec. 31, accounting for 24.4% of total loans. The delinquency rate was 28.1% for commercial loans, compared with 0.26% for other loans.
State Employees Credit Union of Santa Fe, N.M. ($1.3 billion in assets, 53,700 members at Dec. 31), which held $220.3 million in commercial loans on Dec. 31, accounting for 23.8% of total loans. The delinquency rate was 12% for commercial loans, compared with 2.93% for other loans.
Service Federal Credit Union of Portsmouth, N.H. ($6.46 billion in assets, 380,457 members), which held $757.1 million in commercial loans on Dec. 31, accounting for 14.2% of total loans. The delinquency rate was 12.9% for commercial loans, compared with 0.83% for other loans.
Rivermark Community Credit Union of Oregon City, Ore. ($3.15 billion in assets, 174,887 members), which held $303.7 million in commercial loans on Dec. 31, accounting for 14.1% of total loans. The delinquency rate was 10.2% for commercial loans, compared with 1.19% for other loans.

Contact Jim DuPlessis at Jim.DuPlessis@arc-network.com.

Instant Insights /

7 Credit Unions Hold a Fifth of Commercial Delinquencies

Related Stories

Recommended For You