The nation’s credit unions continued to bolster their holdings of loans secured by subordinate liens. Over the past five years, credit unions have increased their junior-lien investments by 46 percent.
U.S. federally insured credit unions collectively had $97.4 billion in loans secured by junior liens on their balance sheets as of Sept. 30, according to the National Credit Union Administration Quarterly Credit Union Data Summary 2022 Q3.
The data were derived from information reported by the 4,813 credit unions that are insured by the NCUA. The credit unions collectively have 134.3 million members.
Junior-lien holdings have expanded from $75.6 billion at the end of last year. The growth has been even stronger compared to the end of 2017, when the total was $66.7 billion.