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