In the financial world too “Big to Fail ” is often mentioned. Especially now that the BIG are getting BIGGER and garner the lion’s share of the loan market as well.
The big credit unions also make the most loans, which isn’t surprising. However the percentages are surprising.
- <$5 Million size credit unions don’t even have a 1% market share, with 1867.
- $5-$20 Million size credit unions have a 2% market share, with 2072.
- $20-$100 Million size credit unions have a 10% market share, with 2149.
- $100+ Million size credit unions have a whopping 88% market share, with 1398. This category represents on 18% of the number of credit unions in this country.
The bigger credit unions are the ones making the majority of the loans. Hopefully there will not be any more CORPORATE SHOCKS, that drain more money from the credit unions to shore up the NCUSIF Fund.
Loans made in 2009 were $583 Million, in 2010 loans declined to $575 Million.