Chart showing originations fell for the top 10 credit unions in the third quarter of 2023

The nation's largest credit unions produced less loans in the third quarter than the previous quarter or a year earlier, as first mortgages fell and mortgage rates rose above 7%.

The Top 10 credit unions originated $32.1 billion in loans in the third quarter, down 11% from a year earlier and down 3% from the second quarter.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.