The majority of the loan participations were business loans. Participations in member business loans (minus construction and development (C&D) loans) was slightly more than $3.1 billion and nonmember business loan participations (minus C&D loans) exceeded $4 billion. Federally-insured credit unions also reported holding almost $462 million in C&D participations.
Outstanding participations in real estate and consumer loans were $2.9 billion and $1.1 billion, respectively.
NCUA has cautioned credit unions to do their due diligence when engaging in loan participations due to the high delinquency rate ($4.14 percent) associated with participation loans.
The following table lists the 50 credit unions with the largest amount of loan participations and the percent of loan portfolio comprised of loan participations. (click on image to enlarge)
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