10 fast facts about credit union mortgage lending

first_imgThe tongue of a blue whale is as long as an elephant. A house fly lives only 14 days. Our eyes remain the same size from birth. On average, people move every 7 years… and in most cases, require a mortgage to do so. Obviously, some fast facts are more relevant to the everyday life of a credit union executive than others. Here are 10 fast facts about mortgage lending in credit unions:Credit unions are known for having lower fees on their lending products: A bank’s goal is to increase revenue, often at the expense of their customers, while a CU looks to provide its members with savings through lower rates and fees.From 2005 to 2014, credit unions grew their share of the mortgage lending market to 8.3 percent from 1.9 percent of all originations, according to Bill Hampel, the chief economist for the Credit Union National Association (CUNA).In 2015, the share of the mortgage lending market grew even more, to 11 percent. continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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