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U.S. map of regions showing how credit unions are struggling with first mortgages

Credit union mortgages inched up in the second quarter nationwide, but large swaths of the nation from New England to the West Coast saw drops in comparison to the surge in originations that started a year earlier.

Among the nation’s four Census regions, only the Midwest region saw a decline. Its originations were $18.1 billion, down 6.5% from 2020’s second quarter.

But drops occurred in smaller Census divisions elsewhere based on a CU Times analysis of NCUA data with originations weighted by the number of branches by state for each credit union.

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Jim DuPlessis

A journalist for decades.

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