Credit unions have a large stake in the debate over how to reform the secondary mortgage market but may need exceptional patience and endurance to see it through to the end.
The $218 million City Credit Union has painted an entire wall in its headquarters to help promote its mortgage program.
All credit unions that originate mortgages should have at least a procedure in place for what do when some or most of those mortgage borrowers get into trouble with their loans.
At times, the mortgage program at Las Vegas-based Nevada Federal Credit Union has felt like an oasis of stability in the middle of a real estate market that has swung wildly from one extreme to another.
In a merger underscoring compliance concerns of small credit unions, the $312 million Connexus Credit Union of Wausau, Wis., said it expects to complete the consolidation of the $3 million Wausau City Employees CU by June 1.
The $312 million Connexus Credit Union of Wausau, Wis. announced Monday it expects to complete the merger of the $3 million Wausau City Employees CU by June 1.
Credit union mortgage lenders might find a new avenue for promoting the consumer-friendly nature of their mortgage through certification from a new consumer-oriented mortgage group.