As of June 2013, employees at credit unions each originated $702,151 in total loans on average, an annual increase of 9.0%. The growth in total loan originations at credit unions outpaced the 3.1% growth in the number of full time employees, which pushed up the year-to-date loan originations per employee rate. Credit unions originated a record amount of loans in the first half of 2013, building upon the previous record high set in the previous June. Total loan originations at credit unions nationwide reached $176.6 billion through June 30, up 12.4% over the first six months of 2012. First mortgage originations saw 17.9% increase over the past year while consumer loan originations increased 8.3%.
YTD LOAN ORIGINATIONS PER FTE OVER TIME
Data as of June 30, 2013 for All Credit Unions in the U.S.
Callahan & Associates | www.creditunions.com
Source: Callahan & Associates Peer-to-Peer Analytics
Callahan & Associates 2014 Directory