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.

No comments:

Post a Comment

 

The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.