Category: Credit Unions

The announcement of the merger between Wings Financial Credit Union and ENT Credit Union on April 23, 2025, has prompted me to consider its impact on the industry, as well as what lenders can learn by examining the data behind the merger. The good news is that it is easy to create pseudo bank and…

The term “HMDA Outlier” is used by the National Credit Union Administration (NCUA) and other regulatory agencies to describe part of their criteria for selecting financial institutions for fair lending reviews.  Unfortunately, it can be a daunting task for a Compliance Officer to get a handle on their Home Mortgage Disclosure Act (HMDA) data and…

We are excited to be attending the Credit Union National Association Governmental Affairs Conference from March 10th to 14th in Washington, D.C. where more than 5000 credit union representatives will be advocating for their 115 million members throughout the United States. There’s still time to register for the conference and here’s why you should consider…

Credit unions had a robust year in mortgages last year, with dollar volumes increasing by 34 percent from $83 billion in 2014 to $111 billion. (This total excludes purchased loans.) That was in line with the 32 percent increase in nationwide originations last year from $1.4 trillion in 2014 to $1.85 trillion. About 2,000 credit…

The credit union mortgage universe is a wide one, with originators spanning the gamut from some of the biggest originators in the country down to thousands too small to be counted. The biggest CU mortgage lender in 2014, Navy Federal, made $8.3 billion in loans, making it one of the top 15 of all home…