Credit Unions Originated Few Reverse Mortgages Recently
Despite reaching millions of older members, credit unions issued only 81 reverse mortgage loans nationwide.
Updated on Sept. 25, 2026 in Residential
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Should credit unions offer more reverse mortgage options to their aging members?
Over the past 12 months from September 2025 to September 2026, credit unions originated just 81 reverse mortgages. This represents a tiny fraction of the 36,000 total reverse mortgages issued across the United States during the same period.
Why it matters
Borrower uncertainty regarding how to begin the application process remains a significant hurdle for homeowners exploring these products. This knowledge gap may prevent many of the 55 million age-eligible credit union members from accessing home equity options.
Credit unions originated 81 reverse mortgages over the past 12 months, compared to 36,000 originated nationwide. There are currently 55 million credit union members who meet the age requirements for these products.
The details
Credit unions may have the capacity to increase their market share by investing in specialized staff training and developing external partnerships. These initiatives could provide the necessary product expertise to guide older members through the complex application process. Such steps would help overcome the confusion many potential borrowers face when considering how to leverage their home equity.
Timeline
Credit unions originated 81 reverse mortgages during the past 12 months.
The Home Front
The low volume of reverse mortgage originations highlights a departure from the broader market penetration seen in traditional credit union mortgage lending. This trend reflects broader challenges in financial product adoption for older homeowners.
If you are considering a reverse mortgage, start by contacting your local credit union or a qualified financial advisor to discuss eligibility and requirements. Ask specific questions about their application process and whether they offer counseling to help you understand the long-term impact on your home equity.
The takeaway
Understanding how to unlock home equity requires clear guidance, which credit unions are currently working to improve through staff training. If you are eligible, schedule a consultation with a financial professional to review if a reverse mortgage fits your long-term retirement logistics.
Further reading
For more on financing options, see Residential.
Source note: This article includes information reported by CUToday.
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Should credit unions offer more reverse mortgage options to their aging members?
