Credit unions that are big in real estate fared better thansmaller ones in generating originations last year as firstmortgages dwindled.

NCUA data shows the nation's 5,689 credit unions originated$174.4 billion in real estate loans in the 12 months that endedDec. 31, 2017, up 1.9% from 2016. First liens fell 1.3% to $140.7billion, while home equity lines of credit and other secondmortgages rose 17.5% to $33.8 billion.

For the three months that ended Dec. 31, 2017, total real estateloans originations by all credit unions were $44.3 billion, down6.1% from 2016's fourth quarter. That followed a 22.1% for increasein fourth-quarter originations from 2015 to 2016.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.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.

Jim DuPlessis

A journalist for decades.

Growth Strategies