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Building on momentum that began in the depths of the Great Recession, credit unions wrapped up 2019 by extending the most credit – in the form of $158.2 billion in loan production – in a single quarter in the movement’s century-long history. In fact, that record was set and extended each of the past three quarters.

While auto loan growth has slowed as the result of a shift away from indirect lending, lending to homebuyers more than made up the difference. Total first mortgage originations over the past 12 months reached $557.5 billion, after a $511.2 billion year in 2018, both record years.

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