Tuesday, December 14, 2010

Modified Business Loans

As I reported earlier, NCUA stated that as of September 2010 federally-insured credit unions had modified approximately $11.2 billion in loans. NCUA reported that modified business loans accounted for almost $1.9 billion of the $11.2 billion in loan modifications.

Evangelical Christian CU (Brea, CA) has the most modified business loans at almost $159 million. The following table provides a listing of the credit unions with the most modified business loans. (click to enlarge the image)













NCUA also reported that the delinquency rates on modified commercial real estate loans and on modified non-real estate business loans were 24.18 percent and 18.54 percent, respectively.

America First in Riverdale, Utah reported having the most delinquent modified business loans at $43.59 million in business loans -- all were commercial real estate loans. The following table provides a ranking of the 25 credit unions with the most delinquent business loans. (click to enlarge image)

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