SHREWSBURY, N.J. — Credit unions are showing remarkable strength in both overall lending and especially in first mortgage loans. At mid-year, first mortgage loans are $173.6 billion, nearly $16 billion over the year before.
The chart below shows measured growth in both firsts and other real estate categories over five years.
The pace of growth in all loans outstanding is similarly strong, with a mid-year total of $517.7 billion compared to $487.5 billion the year before, a rise of more than $30 billion.
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