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

By Janet Lee

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