Who's members took out the most mortgage loans in 2012?

 
 

First FCU ($139.7M, Cedar Rapids, IA) had a first mortgage origination penetration rate of 11.8% in the fourth quarter. This ratio is determined by taking the number of first mortgage loans originated throughout 2012 and dividing by the number of members. Over the past 12 months, First FCU originated 967 first mortgages totaling $21.3 million. Firefighters ($67.5M, La Crosse, WI) and Sioux Empire ($82.4, Sioux Falls, SD) were second and third with 8.8% and 8.2% penetration, respectively. The average for the industry was 0.8% at the end of 2012.

LEADERS IN FIRST MORTGAGE ORIGINATION PENETRATION
DATA AS OF DECEMBER 31, 2012
© Callahan & Associates | www.creditunions.com

  Credit Union State First Mortgage Origination Penetration # Of First Mortgages Originated Total Members Assets
1 First IA 11.77% 967 8,219 $139,730,663
2 Firefighters WI 8.79% 392 4,460 $67,533,574
3 Sioux Empire SD 8.21% 846 10,301 $82,365,139
4 Hutchinson KS 7.50% 1,296 17,283 $195,307,706
5 Maine Education ME 7.50% 302 4,029 $31,258,262
6 Casco ME 7.14% 375 5,254 $40,500480
7 SM KS 6.91% 163 2,358 $61,038,132
8 Empower WI 6.42% 354 5,513 $111,260,107
9 Prairie ND 5.87% 461 7,859 $102,577,915
10 Beehive ID 5.54% 1,112 20,079 $171,394,900


Generated by Callahan & Associates' Peer-to-Peer Software.