Which credit unions posted the highest annual growth in first mortgage originations?

 
 

Among credit unions with first mortgage loan originations over $5 million at June 2012, Ventura County ($660.1M, Ventura, CA) posted the highest 12-month growth in first mortgage originations. The credit union originated $41.7 million in first mortgage loans as of June 2013, an annual growth of 470.2%. 1st Untied Services ($811.0M, Pleasanton, CA) came in second with its total first mortgage originations increasing over four-fold over the past year to reach $90.1 million as of June 2013.

Credit unions nationwide saw an 18.1-percentage-points annual increase in first mortgage originations, with its total first mortgage originations reaching $66.4 billion as of June 2013 from $56.2 billion a year ago.  The credit union industry’s market share in first mortgage originations stood at 6.8% as of June 2013, according to Mortgage Bankers Association.  

leaderS in 12-month growth in mortgage originations
Data As of June 30, 2013 For Credit Unions with Mortgage Originations over $5M at June 2012
© Callahan & Associates | www.creditunions.com

  Credit Union State 12-Month Growth in First Mortgage Originations 12-Month Growth in First Mortgage Originations First Mortgage Originations as of 06/12 Total Assets
1 Ventura County CA 470.2% $41,683,770 $7,309,747 $660,067,621
2 1st United Services CA 455.4% $90,092,185 $16,220,100 $811,029,518
3 Tyndall FL 357.6% $29,538,853 $6,454,664 $1,125,181,614
4 Direct MA 257.2% $64,130,636 $17,951,777 $436,810,466
5 Army Aviation Center AL 243.7% $18,180,833 $5,289,088 $1,133,019,529
6 Quorum NY 224.5% $98,556,065 $30,367,525 $746,513,450
7 Heritage WI 217.9% $20,862,454 $6,562,600 $262,050,955
8 Empower NY 200.9% $95,792,167 $31,837,990 $1,214,535,152
9 School Employees Credit Union Of Washington WA 189.5% $15,934,040 $5,503,446 $949,669,213
10 First Community TX 186.2% $23,578,897 $8,239,496 $959,176,885


Source: Callahan & Associates’ Peer-to-Peer Analytics
Callahan & Associates’ 2014 Directory