First Heritage Financial, LLC, a mortgage CUSO headquartered inPhiladelphia, now services more than $1 billion in credit unionissued mortgages, the CUSO has announced.
|“We are extremely excited to surpass this milestone,” said FirstHeritage Financial CEO John Giordano. “Our partner credit unionsentrust us with the business their members bring to them. Withoutthat confidence, we could not have achieved this goal.”
|As of the end of May, the CUSO serviced $1.016 billion inmortgage loans, the CUSO reported.
|First Heritage Financial began as a wholly owned subsidiary ofthe $1.2 billion American Heritage Federal Credit Union. In August 2011, Service1st Federal Credit Union, Danville, Pa.; Erie Federal Credit Union,Erie, Pa.; and People First Federal Credit Union, Allentown, Pa.,purchased ownership positions in First Heritage.
|“Certainly, special thanks go to our owner credit unions andstaff for their direction, support and commitment,” Giordano said.“We look forward to the future and First Heritage's continuedgrowth.”
|The CUSO provides mortgage services to 57 credit unions inPennsylvania and Delaware.
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