Since 1990, the dollar value of credit unions' real estate loans
has almost tripled, from $45.8 billion in 1990 to $134.0 billion
in 2001. The chart below shows the changes in the dollar values
of real estate loans held by credit unions over the past decade.
Despite this increase, credit unions' estimated share of the $2.036
trillion in total mortgage originations nationwide remained flat
at 2% (source: Mortgage Banker's Association).
First mortgages comprise about two-thirds of the total (67%), while
other loans such as second mortgages, home equity loans and lines
of credit account for the other third (33%). The composition of
loans in the real estate loan portfolio has changed little over