Pennsylvania credit union wraps up promotion with gas giveaway and nearly 1,000 new auto loan applications.
LAS VEGAS — This year's conference focusing more on the marketing of housing finance programs and less on the nuts and bolts.
The continued high volume of HARP loans is attributed to record-low mortgage rates and program enhancements.
Tower Federal Credit Union in Laurel, Md., handles $70 million in HARP loan applications since March, 70% of from members with loans with other lenders.
The $12 million, 2,350-member Greater Abbeville Federal Credit Union in Abbeville, S.C., is reaching out to its members and nonmembers hit by the closing of the Mohawk Industries textile plant in nearby Calhoun Falls, S.C.
Maryland credit union says more than a quarter of its refinances since March have been through federal mortgage payment reduction program.
One of the toughest parts of borrowing money for education is paying off the loans, especially if high interest rates are in the picture. That’s where credit unions can come in and offer relief with student loan refinance programs, several experts say.
The state’s largest credit union said Thursday its Feb. 10-March 30 promotion resulted in 500 member refinances in 50 days.
Nation's biggest CU said its activity split between refinances and new purchases.
Offer can be used toward closing costs or as credit for outside fees in refinance or purchase, credit union says.