Herbst's Goal to Increase Mortgage CUSO's Reach
As the newly-tapped president of CUMAnet, Joseph Herbst said one of his goals will be to increase the mortgage CUSO's national footprint and maximize operational efficiencies for future growth.
In a press release issued today, Herbst said culture and mission of the Basking Ridge, N.J.-based CUMAnet were what attracted him to the CUSO.
"The members really do come first," Herbst said.
CUMAnet originally began with a Northeast regional presence, but has since expanded to Washington, Chicago and other markets, according to the CUSO.
"We are excited to bring in Joe Herbst to lend his expertise and vision to our CUSO," said CUMAnet board member Robert Birkhahn. "His comprehensive background and experience in the industry and success with growing organizations from the regional to the national level will serve as key elements in helping to grow our organization."
Earlier this week, Credit Union Times reported on Herbst's new position. He is the former CEO of the conserved Members United Corporate Federal Credit Union, now known as the Members United Bridge Corporate Federal Credit Union.