Get the latest news and information from CU Insight delivered to you anywhere.

SIGN UP NOW

  News

 

Business Loans — Troubled Debt Restructuring

Posted by Credit Union Watch on April 10, 2013

 
 

by Keith Leggett

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.

 

Continue Reading

 
 
 
 
 
PREVIOUS NEXT
 
 
Post a Comment
 

CU Partner Profiles see more »

  • With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of [...] read more

  • Today’s marketing is more diverse and demanding than ever. Every deadline more aggressive than the last. PSB [...] read more

  • Weber Marketing Group is a strategic branding and marketing consulting agency focused on the financial industry. We specialize [...] read more

  • The largest provider of MCIF solutions worldwide, MARQUIS has supplied software, services and consulting solutions exclusively for financial [...] read more

  • PSCU (St. Petersburg, FL) is the nation's leading credit union service organization (CUSO) and serves more than 1,[...] read more