The nation's largest credit unions produced less loans in the third quarter than the previous quarter or a year earlier, as first mortgages fell and mortgage rates rose above 7%.
The Top 10 credit unions originated $32.1 billion in loans in the third quarter, down 11% from a year earlier and down 3% from the second quarter.
Residential first mortgage originations were $7.2 billion, down 18% from a year earlier and down 3% from the second quarter.
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