WASHINGTON -- While auto lending is a shrinking part of credit unions' loan portfolio, mortgages are picking up despite, and possibly because of, market conditions. Lending was up in March, led by a healthy 2.8% increase in mortgages, the largest increase since July 1999, according to CUNA's Monthly Credit Union Estimates report for May. Fixed- and adjustable-rate mortgages have increased as a percentage of credit unions' portfolio from March 2007 to March 2008, as have second mortgages.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the May-21, 2008 issue of Credit Union Times Magazine • Subscribe!
CUs Are Selling Mortgages When Others Can't
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
- The 4 Major Designs of the $100 Bill (Slide Show)
- Anonymous May 7 Target List Includes 12 Large Credit Unions
- Theresa Portillo Sentenced to 6½ Years in Prison for Looting Feminist CU
- WesCorp’s Legacy Losses Outpace Other Corporates
- Stacie Wyss-Schoenborn Seeks Innovation One Step at a Time: Women to Watch
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
