Loan Balances Vs. Originations: A Tale Of The Tape

Despite slowing balance sheet growth, loan production picked up in the second half of the year, as the industry posted a record setting quarter in the three months ending September 2019.


It may be the middle of winter, but the credit union loan portfolio has finally started to heat up. In early 2019, rising interest rates dampened consumer borrowing appetites, leading to the lowest first quarter loan origination performance in three years. In third quarter, however, originations have spiked.

Credit unions originated some $151.0 billion in loans in the third quarter of 2019, the highest third quarter performance on record. This, despite the fact that new and used auto loan growth decelerated 10.3 and 5.4 percentage points year-over-year, respectively.