Credit Union Leaders In Purchase Mortgage Market Share

These credit unions stood out among the rest for their ability to capture a high level of purchase mortgages in their local markets.

 
 

Credit unions made 4.65% of the total amount of all purchase mortgages in the United States in 2013, according to Home Mortgage Disclosure Act (HMDA) data analyzed in Callahan & Associates’ MortgageAnalyzer. This is a market share increase of 51 basis points from 4.14% in 2102. Below are the leading credit unions in purchase mortgage market share within their local metropolitan statistical areas (MSAs). Credit unions can be listed more than once if they had high levels of market share in multiple MSAs.

 

CREDIT UNION LEADERS IN PURCHASE MORTGAGE MARKET SHARE

Data as of December 31, 2013

  Credit Union MSA Market Share (By % Of $ of Purchase Mortgages Funded) Total Purchase Mortgages Funded in 2013 Total Amount of Purchase Mortgages Funded ($000s)
1 Purdue Lafayette, IN 44.51% 366 $237,848
2 University Of Iowa Community Iowa City, IA 33.43% 1,409 $180,006
3 Potlatch No 1 Lewiston, ID-WA 26.64% 183 $28,877
4 Alaska USA Anchorage, AK 26.19% 1,610 $423,743
5 Royal Eau Claire, WI 24.59% 543 $74,225
6 University Of Iowa Community Waterloo-Cedar Falls, IA 24.54% 889 $83,921
7 University Of Iowa Community Cedar Rapids, IA 24.21% 1,471 $135,400
8 New England Burlington-South Burlington, VT 22.62% 619 $135,401
9 Altra La Crosse, WI-MN 22.44% 347 $50,249
10 Lake Michigan Holland-Grand Haven, MI 20.98% 766 $134,077
11 Greylock Pittsfield, MA 20.75% 283 $45,088
12 CFCU Community Ithaca, NY 20.70% 181 $32,251
13 Lake Michigan Kalamazoo-Portage, MI 19.49% 636 $101,741
14 Alaska USA Fairbanks, AK 19.20% 200 $41,704
15 Superior Lima, OH 19.16% 165 $17,065
16 Lake Michigan Grand Rapids-Wyoming, MI 19.02% 1,762 $279,278
17 Eastman Kingsport-Bristol-Bristol, TN-VA 18.82% 482 $66,343
18 Idaho Central Pocatello, ID 17.53% 188 $26,316
19 Dupaco Community Dubuque, IA 17.41% 244 $30,197
20 Visions Binghamton, NY 16.47% 224 $28,619

 

Source: Callahan & Associates’ MortgageAnalyzer

 

Coming soon from Callahan & Associates, the new MortgageAnalyzer has a multitude of enhancements designed to deliver customized market intelligence in an intuitive and easy to consume format. The recent enhancements allow you to:

  • Analyze an entire market with just a few clicks – perfect for merger and expansion analysis
  • Pinpoint your performance in individual areas with upgraded reports
  • Hone your market intelligence results using intuitive, customizable filters
  • Export your mortgage intelligence in graphical or tabular forms in customizable formats

To make sure you know how to use the new features, we've set-up two webinars. Register for “Get To Know The New MortgageAnalyzer”, which will take place on Tuesday, October 7th at 2:00 PM ET and Wednesday, October 8th at 3:00 PM ET.

 

 

 

Oct. 1, 2014


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