Case Study: How Superior FCU Achieved a 30% Market Share in Home Loans


By Laura Enock

Screen Shot 2013-10-15 at 1.43.27 PMAlthough credit unions did not play a significant role in the mortgage crisis, they haven’t enjoyed their fair share of the mortgage market either. The number one depositor in the mortgage market is JP Morgan Chase, yet Superior Credit Union—a $450 million Ohio credit union—realized 3.5 times more home loan volume in their field of membership than Chase did. In fact, Superior Credit Union closed as many mortgage loans as the second, third and fourth lenders (by volume) in their markets combined.

So, how did Superior Credit Union achieve a 27% market share when many credit unions are struggling to reach a mere 5%? Credit Union Business spoke with Kurt Neeper, Vice President of Business Development for Superior Credit Union in Lima, Ohio to find out how they were able to achieve these impressive numbers and asked what best practices they recommend to other credit unions looking to increase home loan volume. Neeper began by pointing out “Wells Fargo always saw mortgage lending as key to the relationship. When you have the mortgage, you have the long-term relationship.” Building relationships is the primary reason home loans became a primary focus at Superior FCU. 

This content is for CU BUSINESS eMagazine , Special Deal: 2 websites , and NEW! The Leadership Team Builder Group Subscription members only.
Log In Register

Share post:



More like this

Riverways FCU Expands Field of Membership with Assistance from CUCollaborate

Riverways FCU was recently granted a large community field...

Financial Liaisons: Why Do Customers Fall in Love? Banks Have Discovered the Answer

Banks Get Surprisingly Positive Reviews From Customers, According to...

MarketMatch selected by Education Credit Union for website redesign

June 25, 2021—Waynesville, Ohio— MarketMatch, Inc., a full-service, digital-forward...

Ascend Federal Credit Union Wins Two CUNA Diamond Awards for Excellence in Email and Video Marketing

Credit union trade group recognizes Ascend’s expertise to creatively...