Chart showing originations fell for the top 10 credit unions in the third quarter of 2023

The nation’s largest credit unions produced less loans in the third quarter than the previous quarter or a year earlier, as first mortgages fell and mortgage rates rose above 7%.

The Top 10 credit unions originated $32.1 billion in loans in the third quarter, down 11% from a year earlier and down 3% from the second quarter.

Residential first mortgage originations were $7.2 billion, down 18% from a year earlier and down 3% from the second quarter.


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Jim DuPlessis

A journalist for decades.

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