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Credit unions originated commercial real estate loans at half the rate of others in their portfolios in the first quarter, and their share of the national balance slipped.

A CU Times analysis of NCUA data showed 839 of the nation’s 5,175 credit unions granted $7.4 billion in commercial loans backed by real estate in the first quarter, up 15.1% from 2020’s first quarter. Total loan growth was 29% and commercial real estate loans represented 4.1% of credit union’s total loan portfolio as of March 31, down from 4.6% a year earlier.

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Jim DuPlessis

A journalist for decades.

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