X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Line graph showing all four regions and the South region climbing past the West region as top lending producer in the first quarter of 2022

A CU Times analysis of NCUA data showed the South emerged in the first quarter as the largest credit union producer of residential real estate loans, eclipsing the West.

Credit unions in the South, defined by the Census Bureau as stretching from Texas to Virginia, originated $26.3 billion in first mortgages, home equity lines of credit and other residential real estate loans in the three months ending March 31. That was up 20.5% from a year earlier.

The West, which had been leading in volume for years, originated $23.5 billion, down 11.8% from a year earlier and falling below volume for the South.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.