Looking for the culprits behind movements in the numbers, some of the usual suspects emerged along with some fresh faces. The four biggest gains in the amount of first mortgages occurred at:

Navy Federal Credit Union of Vienna, Va., outside Washington, D.C., which originated 38,095 first mortgages for $13.7 billion. The number rose 4,381 (+13%) and the amount rose $1.97 billion (+17%). The average loan was $358,995, up 3%.
Alliant Credit Union of Chicago, which originated 2,061 first mortgages for $1.1 billion. The number rose 1,425 (+224%) and the amount rose $777.9 million (+269%). The average loan was $517,630, up 14%.
Lake Michigan Credit Union of Grand Rapids, Mich., which originated 8,227 first mortgages for $3.1 billion. The number rose 1,121 (+16%) and the amount rose $419.9 million (+16%). The average loan was $371,902, essentially unchanged.
CommunityAmerica Credit Union of Lenexa, Kan., which originated 3,120 first mortgages for $1.1 billion. The number rose 756 (+32%) and the amount rose $396.7 million (+60%). The average loan was $340,010, up 21%.

The three biggest declines occurred at:

PenFed Credit Union of Tysons, Va., outside Washington, D.C., which originated 4,510 first mortgages for $1.6 billion. The number fell 2,155 (-32%) and the amount fell $761.9 million (-32%). The average loan was $356,725, essentially unchanged.
Digital Federal Credit Union of Marlborough, Mass., which originated 1,166 first mortgages for $536 million. The number fell 1,289 (-53%) and the amount fell $686 million (-56%). The average loan was $459,597, down 8%.
State Employees’ Credit Union of Raleigh, N.C., which originated 14,772 first mortgages for $3.6 billion. The number fell 3,230 (-18%) and the amount fell $639.1 million (-15%). The average loan was $242,213, up 3%.

Instant Insights /

A Health Check of the Credit Union Mortgage Market

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