Results for the nine credit unions among the top 100 of all lenders were:

Navy Federal Credit Union of Vienna, Va. ($178 billion in assets, 13.6 million members as of March 31) had 173,415 applications in 2023, ranking No. 8, compared with No. 18 in 2023. It originated 40% of its 83,894 first-mortgage applications, compared with 45% of its 112,725 applications in 2022. For second liens, it originated 42% of its 89,521 applications, compared with 44% of its 56,279 applications in 2022. Total originations fell 21% to $14.83 billion in 2023.
State Employees' Credit Union of Raleigh, N.C. ($55.9 billion in assets, 2.8 million members) had 54,508 applications in 2023, ranking No. 40, compared with No. 44 in 2023. It originated 62% of its 29,257 first-mortgage applications, compared with 70% of its 43,490 applications in 2022. For second liens, it originated 63% of its 25,251 applications, compared with 66% of its 22,631 applications in 2022. Total originations fell 32% to $5.39 billion in 2023.
Pentagon Federal Credit Union of Tysons, Va. ($34.4 billion in assets, 2.9 million members) had 34186 applications in 2023, ranking No. 50, compared with No. 47 in 2023. It originated 39% of its 17191 first-mortgage applications, compared with 41% of its 30,126 applications in 2022. For second liens, it originated 33% of its 16,995 applications, compared with 46% of its 30,223 applications in 2022. Total originations fell 57% to $3.03 billion in 2023.
Mountain America Federal Credit Union of Salt Lake City, ($19.3 billion in assets, 1.2 million members) had 23,565 applications in 2023, ranking No. 70, compared with No. 65 in 2023. It originated 47% of its 6,503 first-mortgage applications, compared with 49% of its 12,276 applications in 2022. For second liens, it originated 49% of its 17,062 applications, compared with 63% of its 24,825 applications in 2022. Total originations fell 50% to $1.89 billion in 2023.
BECU of Tukwila, Wash. ($30.2 billion in assets, 1.5 million members) had 22,778 applications in 2023, ranking No. 74, compared with No. 72 in 2023. It originated 58% of its 7,128 first-mortgage applications, compared with 65% of its 9,958 applications in 2022. For second liens, it originated 64% of its 15,650 applications, compared with 68% of its 22,152 applications in 2022. Total originations fell 28% to $3.54 billion in 2023.
America First Federal Credit Union of Riverdale, Utah ($20.3 billion in assets, 1.4 million members) had 22,394 applications in 2023, ranking No. 75, compared with No. 80 in 2023. It originated 58% of its 4,087 first-mortgage applications, compared with 58% of its 6,804 applications in 2022. For second liens, it originated 76% of its 18,307 applications, compared with 77% of its 21,715 applications in 2022. Total originations fell 31% to $1.81 billion in 2023.
Summit Credit Union of Madison, Wis. ($7.2 billion in assets, 260,072 members) had 19,652 applications in 2023, ranking No. 86, compared with No. 105 in 2023. It originated 42% of its 9,106 first-mortgage applications, compared with 46% of its 11,709 applications in 2022. For second liens, it originated 83% of its 10,546 applications, compared with 80% of its 9,618 applications in 2022. Total originations fell 8% to $1.66 billion in 2023.
Bethpage Federal Credit Union of Bethpage, N.Y., on Long Island ($13.1 billion in assets, 465,002 members) had 18,434 applications in 2023, ranking No. 91, compared with No. 106 in 2023. It originated 47% of its 4,418 first-mortgage applications, compared with 56% of its 7,133 applications in 2022. For second liens, it originated 37% of its 14,016 applications, compared with 46% of its 14,046 applications in 2022. Total originations fell 41% to $1.82 billion in 2023.

Alliant Credit Union of Chicago, which was among last year's seven, dropped out of the top 100 this year.

Instant Insights /

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