FARMERS BRANCH, Texas (3/5/13)--Texas credit unions added $3.24 billion in loans during the year, reaching a combined portfolio of $48.11 billion at year end--double the growth rate of 2011, according to the Texas Credit Union League.
First mortgages fueled the growth, increasing 14.3% in 2012. Mortgage loans have replaced auto loans as the largest segment of Texas credit unions' loan portfolios, the league said (LoneStar Leaguer March 4).
Texas credit union assets grew by $4.18 billion in 2012, ending the year at a cumulative $76.94 billion.
Other financial highlights cited by TCUL include: