First mortgage originations at credit unions have risen substantially in the last decade, a period in which median home values have nearly doubled.
Graph Of The Week
A picture is worth 1,000 words. You have to see it to believe it. Numbers don’t lie. If you’re tired of these worn-out cliches and are looking for data with some original thought behind it, then check out the CreditUnions.com Graphic Of The Week, compliments of Callahan industry analysts.
For institutions with $100 million or more in assets, educational offerings are often a key factor when it comes to preventing late loan payments.
Institutions designated to serve low-income memberships – shops that may be more reliant on fee revenue than others – are seeing those funds fall at a faster rate than non-LICUs.
Despite all the challenges associated with buying a car right now, more consumers than ever are turning to credit unions for auto loans.
The industry closed out the first quarter with a higher percentage of the total mortgage market, although originations dropped amid decreasing inventories and a broader slowdown in home loan activity.
Loan purchases and participations reached record levels at U.S. credit unions. Some credit unions sold loans to generate revenue or reduce risk; others purchased loans to boost ratios or yields. Learn more about what happened throughout the industry.