Lending

Its securities backed by auto loans come two days after Space Coast Credit Union issues $700 million.

New program has led to first half originations that are six times the volume of two years earlier.

The securities backed by prime, indirect loans are the third issued by the Florida credit union since 2023.

Credit union industry economist says the report "reframes" thinking about the momentum of the economy.

The second quarter shows a big gain in first mortgage originations and a solid gain for consumer lending.

Mortgage Bankers Association finds originations grew more than 7% last year, while HMDA data shows production rose more than 9% among a sample of credit unions.