SHREWSBURY, N.J. — Credit unions are showing remarkable strength in both overall lending and especially in first mortgage loans. At mid-year, first mortgage loans are $173.6 billion, nearly $16 billion over the year before.
|The chart below shows measured growth in both firsts and other real estate categories over five years.
|The pace of growth in all loans outstanding is similarly strong, with a mid-year total of $517.7 billion compared to $487.5 billion the year before, a rise of more than $30 billion.
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