Credit Unions Accounted for Few Reverse Mortgages

Credit unions originated only 81 of the 36,000 reverse mortgages started nationwide over the past year.

Updated on Sept. 25, 2026 in Residential

Bold vector editorial illustration of a house with a large brass key, representing the reverse mortgage process within credit unions. — Credit unions originated only 81 reverse mortgages nationwide over the last year, highlighting a significant lending gap despite having millions of age-eligible members. AI Illustration. Upload story photo >

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Should credit unions offer more reverse mortgage options to their aging members?

Data from the past 12 months shows credit unions originated 81 reverse mortgages, representing a tiny fraction of the 36,000 total loans issued across the country. This lending activity occurred despite credit unions having 55 million members who meet the age requirements for these products.

Why it matters

Borrower uncertainty regarding how to initiate the reverse mortgage process remains a significant obstacle to growth for credit union lending programs. Addressing this confusion through better product expertise and partnerships could help institutions better serve their age-eligible membership base.

Credit unions originated 81 reverse mortgages out of a national total of 36,000 during the past 12 months. This small share exists even though these institutions serve 55 million members who meet the age-eligibility criteria.

The details

Credit unions looking to capture more of the market are being encouraged to invest in staff training and strategic partnerships. By prioritizing product expertise, these institutions aim to reduce the uncertainty that often prevents older homeowners from exploring reverse mortgage options. These efforts could simplify the application process for the millions of age-eligible members currently served by the credit union system.

Over the past 12 months, credit unions originated 81 reverse mortgages.

Money Landscape

The current lending data sits against the long-term trend of non-bank lenders maintaining high dominance in the reverse mortgage sector. Credit unions remain a secondary provider despite their massive potential member base.

If you are exploring a reverse mortgage, you may find fewer options at your local credit union than at specialized mortgage lenders. You should discuss your specific financial goals with a qualified professional to understand how your local institution's offerings compare to the broader market.

The takeaway

The reverse mortgage market remains heavily concentrated outside of the credit union system. When evaluating home equity products, consider speaking with a financial professional about the benefits and risks of reverse mortgages to determine if they fit your long-term retirement planning.