Thursday, October 3, 2019

Secondary Capital Up 10.5 Percent During the 1st Half of 2019

Low-income credit unions added secondary capital during the first six months of 2019.

Sixty-eight credit unions have $292.1 million in subordinated debt that counted as net worth at the end of June 2019.

This is up from $264.8 million at the end of 2018.


The following table shows the 10 credit unions holding the most secondary capital.


Six credit unions reported that more than half of their net worth was from secondary capital. At Hope FCU (Jackson, MS), 75.3 percent of its net worth was in the form of subordinated debt.

The other credit unions reporting that at least half of their new worth was from subordinated debt were:
  • LCO FCU (WI), 69.4 percent;
  • Hill District FCU (PA), 62.8 percent;
  • Self-Help FCU (CA), 58.9 percent;
  • Syracuse Cooperative FCU (NY), 57.8 percent; and
  • Toledo Urban FCU (OH), 50.1 percent.
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