Mortgage Market Share For Credit Unions Increases In Q1 – NMP Skip to main content

Mortgage Market Share For Credit Unions Increases In Q1

Jun 02, 2020
Man signing contract.
Director of Events

Low mortgage rates are powering an increase in mortgage market share for credit unions according to CreditUnions.com research. The study finds that mortgage lending has been the "main catalyst for overall loan growth at credit unions" for Q1 2020. 
 
The Mortgage Bankers Association is predicting increases in refinance activity into the second quarter, which will could help further the growth of mortgage market share in credit unions moving forward. 
 
"At U.S. credit unions, mortgage originations reached $50.8 billion as of March 31, 2020. This is almost double what credit unions reported in the first quarter of 2019. Likewise, credit union mortgage market share increased 1.0 percentage point over the past 12 months to 9.0%," according to the report.
 
In addition, mortgages made up 36.3% of total loan originations for credit unions in the first quarter. This marks a 13% increase in points year-over-year. According to the report, 73.5% of the $50.8 billion in mortgage cooperatives originated were fixed-rate mortgages. 
 
Click here to read the full report from CreditUnions.com.  

 
About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Jun 02, 2020
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026