United Chemi-Con Manufacturing Employees CU now part of Summit CU in Greensboro.
Effective Jan. 10, 2014, mortgage lenders will be required to write their loans in compliance with new regulations from the Consumer Financial Protection Bureau. The transition could be easier on credit unions than the CFPB’s 3,500 pages of requirements suggest.
They are the $377 million City & County Credit Union in St. Paul, Minn., and the $139 million Summit Credit Union in Greensboro, N.C.
When a teacher sought relief as she struggled to make the $500 monthly payments on her Volvo, Carolina Cooperative Federal Credit Union felt it had just the solution she needed.