Leaders in average loan balances (2Q18)
Many credit unions with high loan balances are in pricey areas and serve tightly knit SEGs.
Helping members achieve home ownership in a high-priced urban market has helped IDB-IIC FCU($564.2M, Washington, DC) achieve measures of member engagement that put it among the top leaders in loan balances, according to data from Callahan & Associates.
As of June 30, 2018, the District-based cooperative reported an average loan balance of $82,427, which placed it seventh by that measure among all 5,596 U.S. credit unions.
The 10,873-member credit union is owned by members and employees of the Inter-American Development Bank and Inter-American Investment Corp., which provides financing and other support for development in Latin America. As for the credit union, it provides financing and support for members in our nation’s capital.
continue reading »
