Partners FCU partners with CU Realty Services to help accommodate mortgage lending services to members.
Credit union reps from U.S. made December trip to North African nation to explore industry development there.
Thanks to the real estate bubble and its aftermath in the Great Recession, housing finance has become an increasingly important driver for credit union membership, according to credit union executives around the country.
Find out in this preview from next week's print edition how revived housing demand is driving credit union membership growth.
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.
The 44,000-member, $540 million National Institutes of Health Federal Credit Union, headquartered in Rockville, Md., has been working to prepare its housing finance program for whatever the federal government may choose to do with the two giant mortgage entities Fannie Mae and Freddie Mac.
For what may be the first time ever, a credit union has become the biggest source of housing finance for a major metropolitan area in the U.S.
The key to building and developing a strong housing finance program may be for credit unions to define what it is that they are promising through their efforts and then making sure that commitment flows through the entire organization.
If there is a credit union determined to not let a crisis go to waste, it is the $4.2 billion Bethpage Federal Credit Union.