CU Members Mortgage Continues to Post Strong Growth Through 2012
CU Members Mortgage, the Dallas based subsidiary of Colonial Savings, has reported another 11 credit unions signed on for the firm's housing finance services in the fourth quarter of 2012. CU Members reported that the fourth quarter is also the sixth straight quarter that the firm has seen more than ten credit unions per quarter sign on.
The firm also reported that it added 53 new credit unions for 2012 and that two of the latest 11 were credit unions which began offering housing finance loans for the first time while 9 came to CU Members from other vendors or had their own programs in place.
The credit unions include Lebanon FCU – Lebanon, PA 22,159 members, $171 million in assets; Vantage Trust FCU – Wilkes Barre, PA, 8,686 members, $100 million in assets; Atlanta Postal CU – Atlanta, GA, 100,607 members, $2 billion assets; United 1st FCU – Kingsland, GA, 18,363 members, $115 million in assets; Valley CU – Tuscumbia, AL; 6,459 members, $62 million in assets; New Century FCU – Joliet, IL, 7,009 members; $51 million assets; SIU CU – Carbondale, IL, 29,897 members, $254 million assets; First Imperial CU – El Centro, CA, 13,555 members; $70 million assets; Point West CU – Portland, OR; 9,873 members, $88 million assets; Safeway FCU – Spokane, WA, 4,876 member,; $55 million assets; First Trust CU – Michigan City, IN; 12,540 members; $92 million assets.
“Our last quarter was certainly indicative of 2012 as a whole,” states Linda Clampitt, Senior Vice-President of CU Members Mortgage. “The entire year was a sprint, handling the constant flow of growth streaming through the door. We are definitely grateful to be in the position we are in helping credit unions enhance their mortgage lending services that ultimately helps them gain and retain members. We look forward to more of the same in 2013.”