Which credit union has the largest average first mortgage balance?

 
 

The industry reported $127,312 in average first mortgage balance as of June 2013, down from $128,621 in previous June. The growth in the total number of first mortgage loan accounts outpaced the growth in total first mortgage loan balance, which led to a decline in average first mortgage balance.

The top ten credit unions in average first mortgage loan balance in the second quarter had six credit unions from California. The California-based credit union, Evangelical Christian ($1.1B, Brea, CA), led the nation in average first mortgage balance in the second quarter of 2013, with a total of 574 first mortgage loan accounts having $1.3 million balance on average. Lomto ($249.7M, Woodside, NY) and Progressive ($598.5M, New York, NY) came in next, with $791,255 and $606,216 in average first mortgage balance as of June 2013, respectively. 

LEADERS IN AVERAGE FIRST MORTGAGE BALANCE
Data as of June 30, 2013 For All Credit Unions 
© Callahan & Associates | www.creditunions.com

  Credit Union State Average First Mortgage Number of First Mortgage Loans Total Assets
1 Evangelical Christian CA $1,306,756 574 $1,087,727,821
2 Lomto NY $791,255 8 $249,684,427
3 Progressive NY $606,216 158 $598,498,213
4 Stanford CA $597,413 901 $1,525,839,737
5 Kinecta CA $553,791 2,686 $3,276,510,541
6 California Lithuanian CA $486,255 122 $96,586,365
7 Jetstream FL $480,402 3 $156,572,731
8 Modesto's First CA $478,610 5 $31,125,591
9 Spartanburg Regional SC $467,900 2 $37,179,115
10 Caltech Employees CA $441,961 427 $1,229,970,473


Generated by Callahan & Associates' Peer-to-Peer Analytics

 
 

Sept. 24, 2013


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