Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND, Me. – Primary Mortgage Corp., a full service mortgage CUSO of University CU, has become a multiple owned CUSO with its recent equity partner expansion that includes cPort CU and TruChoice FCU. UCU President Howard Dunn said University CU decided to offer an ownership interest in PMC “to broaden our base for mortgage activity and to expand the company’s capital to fuel new growth and the development of a member business lending program.” Collectively, the three credit unions represent over $300 million in assets and more than 45,000 members. CPort CU, formerly known as Government Employees CU of Maine, is one of the state’s oldest credit unions. The Portland-based CU has nearly 16,000 members and approximately $90 million in assets. TruChoice FCU, formerly known as Medical Services FCU, celebrated its 50th anniversary earlier this year. Also based in Portland, it has approximately $46 million in assets and about 8,300 members. PMC has affiliate relationships with over 20 CUs in Maine.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.