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Updated mortgage and lending trends. Updated mortgage and lending trends. (Source: Shutterstock)

Credit union loan originations in the second quarter were about the same as a year ago — an improvement after the steep fall in loan production in the first quarter, according to Callahan & Associates, a credit union consulting firm in Washington, D.C.

Callahan’s quarterly Trendwatch report found credit unions originated $136.5 billion in loans of all types from April through June, down 0.1% from 2018’s second quarter. Originations from 2017’s second quarter to 2018’s second quarter rose 8.6%, but the gains withered away in the last half, and originations fell 5.5% in the first quarter.

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Jim DuPlessis

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