How has real estate loans’ composition and growth at credit unions changed over time?

Mark Reed

Members are having more real estate loans at credit unions as housing market picks back up and consumer confidence rises. As of June 2013, real estate loans outstanding at credit unions increased 2.5% annually to reach $329.7 billion. This marks the largest amount of real estate loans credit unions have ever had on their book in history. Also, the 2.5% was the highest annual growth posted by the industry since the recession.

The high growth in real estate loans is primarily attributed to a large increase in first mortgage loans. Outstanding first mortgage loans at credit unions increased 5.6% annually to $257.7 billion. First mortgage loans comprised more than 78% of total real estate loans outstanding as of second quarter 2013, which is higher than the percentage of first mortgage loans to total real estate loans reported in June 2009 at 70%.

OUTSTANDING REAL ESTATE LOAN COMPOSITION AND GROWTH OVER TIME
Data as of June 30, 2013 For All Credit Unions
Callahan & Associates | www.creditunions.com

10-02-13

Generated by Callahan & Associates Peer-to-Peer Analytics

October 2, 2013

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