At the end of 2013, credit unions reported $16.3 billion in commercial share accounts.
The following graph shows the growth of commercial accounts between 2013 and 2019, which is up 150 percent.
Showing posts with label Business Deposits. Show all posts
Showing posts with label Business Deposits. Show all posts
Thursday, March 19, 2020
Commercial Share Accounts Up 16.6 Percent in 2019
Commercial share (deposit) accounts at credit unions grew by 16.6 percent during 2019 to $40.8 billion.
At the end of 2013, credit unions reported $16.3 billion in commercial share accounts.
The following graph shows the growth of commercial accounts between 2013 and 2019, which is up 150 percent.
At the end of 2013, credit unions reported $16.3 billion in commercial share accounts.
The following graph shows the growth of commercial accounts between 2013 and 2019, which is up 150 percent.
Friday, February 7, 2014
Business Share Accounts, Q3 2013
There were 1,737 credit unions that reported holding business share accounts, as of September 30, 2013. These credit unions held approximately $15.85 billion in business accounts.
Twenty-nine credit unions reported holding $100 million or more in business share accounts.
Evangelical Christian CU (Brea, CA) held the largest dollar volume at almost $710 million in business accounts. Rounding out the top five are Mountain America (West Jordan, UT) with $415.9 million, American First (Riverdale, UT) with $389.5 million, Alaska USA (Anchorage, AK) with $265.5 million, and Bethpage (Bethpage, NY) with $249.6 million. Below is a table listing the top 25 credit unions with regard to dollar volume of business deposits.
However for most credit unions, business share accounts represent a very small portion of their total deposit base. The median business share account to total deposit ratio was 1.34 percent and 75 percent of all credit unions have a business share account to total deposit ratio below 3.19 percent.
But for some credit unions, business deposits represent a sizable portion of their total deposit base. Twenty-one credit unions reported that business accounts equalled at least 20 percent of their total deposit base.
Northeastern Engineers FCU (Richmond, NY) had the highest concentration of business deposits at almost 90 percent. Evangelical Christian CU was second with approximately 87 percent of its deposits in business share accounts.
The following table lists the 25 credit unions with the greatest reliance on business deposits relative to their total deposits.
Interestingly, 449 credit unions that reported holding business deposits do not report any outstanding member business loans. While most of these credit unions are reporting very small business deposit holdings, nine credit unions had at least $10 million in business deposits as of the end of the third quarter of 2013.
Twenty-nine credit unions reported holding $100 million or more in business share accounts.
Evangelical Christian CU (Brea, CA) held the largest dollar volume at almost $710 million in business accounts. Rounding out the top five are Mountain America (West Jordan, UT) with $415.9 million, American First (Riverdale, UT) with $389.5 million, Alaska USA (Anchorage, AK) with $265.5 million, and Bethpage (Bethpage, NY) with $249.6 million. Below is a table listing the top 25 credit unions with regard to dollar volume of business deposits.
However for most credit unions, business share accounts represent a very small portion of their total deposit base. The median business share account to total deposit ratio was 1.34 percent and 75 percent of all credit unions have a business share account to total deposit ratio below 3.19 percent.
But for some credit unions, business deposits represent a sizable portion of their total deposit base. Twenty-one credit unions reported that business accounts equalled at least 20 percent of their total deposit base.
Northeastern Engineers FCU (Richmond, NY) had the highest concentration of business deposits at almost 90 percent. Evangelical Christian CU was second with approximately 87 percent of its deposits in business share accounts.
The following table lists the 25 credit unions with the greatest reliance on business deposits relative to their total deposits.
Interestingly, 449 credit unions that reported holding business deposits do not report any outstanding member business loans. While most of these credit unions are reporting very small business deposit holdings, nine credit unions had at least $10 million in business deposits as of the end of the third quarter of 2013.
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