The $2 billion, 168,000-member Texas Dow Employees Credit Union in Lake Jackson, Texas, said it had a record year in housing finance in 2012.
The credit union, which has moved aggressively into the Houston market, reported that the almost 300% increase in mortgage loans over 2011 came through the efforts of TDECU Real Estate, its affiliated realty firm. The increase was from into 464 contracts worth over $62.5 million in volume.
TDECU Real Estate credited its agents’ work and its Real Estate Rewards Program which, among other things, rebates 20% of agent commissions when using one of the credit union's real estate professionals to buy or sell a home.
In 2012, the program rebated $321,000 to members, the credit union said this week.
