Credit unions smashed through a previous record in the first-quarter 2012 when they originated 8% of all mortgages made in the U.S. Now there are signs that their success represents more of a sustainable trend than a mere statistical anomaly.
TruHome Solutions, a mortgage CUSO in Lenexa, Kan., has achieved another milestone, servicing more than $2 billion in credit union-originated mortgage loans.
CU*South said it has converted six credit unions to the CU*BASE software platform in the past 12 months.
The new interim president of Business Partners LLC said the business lending CUSO is on track to continue growing this year.
Paul Yang, CEO of the $124 million Premier Community Credit Union in Stockton, Calif., was named the recipient of the CO-OP THINK Prize 2012.
Profitable for eighth consecutive year, with new interim president in place.
Robert Taylor was so impressed with the core processing system at the smaller credit union his Idaho State University Federal Credit Union was merging that the CEO is not only keeping that platform around, he’s buying a piece of the company.
Many unanswered questions continued to swirl last week over the causes, fate and future course of the conserved $318 million Telesis Community Credit Union.
Northwest CU Collaboration is scheduled to be operational in the third quarter of 2012.
After receiving more than 280 comment letters on the matter, credit unions may see a final amended CUSO proposal by midyear.