Homebuyers finding a home at credit unions

The U.S. housing market in 2014 proved it’s still a fixer-upper, but that didn’t keep many credit unions from continuing to occupy a lending category once cornered by banks: mortgages.

Recent reports have noted more consumers are turning to credit unions for mortgages, with one industry consultant estimating credit unions have quadrupled market share since 2006. But which credit unions are housing the biggest home-related lending portfolios?  Sageworks, a financial information company, identified the top 10 credit unions by mortgage loan volume (see charts below) for each of the four U.S. geographic regions (Northeast, West, South and Midwest). More than three-quarters of these credit unions are each lending in excess of $1 billion to homebuyers through first mortgages or lines of credit backed by homes, according to the most recent federal data via Sageworks Bank Information.

Credit union mortgage volume - south

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