Wednesday, April 10, 2013

Business Loans -- Troubled Debt Restructuring

Credit unions reported holding $1.8 billion in troubled debt restructured (TDR) business loans at the end of 2012.

Slightly more than $582 million of these troubled debt restructured loans were in nonaccrual status, while almost $1.23 billion of these restructured business loans were in accrual status.

America First Credit Union in Utah had the most TDR business loans at almost $167 million. TDR business loans accounted for 72.4 percent of all TDR loans at the credit union.

In fact, America Fist Credit Union held 9.2 percent of the industry's outstanding TDR business loans; but accounted for slightly more than 18 percent of all nonaccrual TDR business loans.

The five credit unions with the most TDR business loans accounted for 22.6 percent of all TDR business loans; but held 39.1 percent of all TDR business loans in nonaccrual status.

The following table contains information on the 25 credit unions with the most TDR business loans (click on image to enlarge).

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1 comment:

  1. AnonymousApril 10, 2013 at 12:10 PM

    NCUA designated 1100 credit unions as low income skirting congressional intent as Cuna couldn't get it done.
    2 of the credit unions that got designated and thus no cap on MBL are on this list, GTE and Kinecta.
    With a huge amount of TDR and TDR on MBL, they now have no cap and ability to raise capital.
    Where is congress?
    My credit union is dealing with assessments from corporates and now will have to worry about this.

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