Executives from different parts of the credit union industry are hard at work to build credit unions' share of the U.S. mortgage market even higher than the record 8% that credit union's achieved in the first quarter of this year.
Callahan & Associates went on the record last month urging credit unions to pool their housing finance efforts to move credit union's share of the housing finance market to 20% by the year 2020.
Jay Johnson, executive vice president at Callahan, said the efforts to reach that goal are spread across different parts of the industry, including working with credit unions to get them to build or even start housing finance programs and looking outside the industry for possible sources of additional housing finance funds.
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