Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FAIRBORN, Ohio – Wright-Patt CU wants members to know their closing costs will not exceed their original Good Faith Estimate when they apply for mortgage loans with the CU. That’s why the over $1 billion credit union announced their new mortgage loan – “Good Faith Guarantee.” Noting that while mortgage lenders have no legal obligation to honor their Good Faith Estimates at the time of closing, “as a member-owned financial cooperative, we insist on being as upfront as possible with our members,” said Wright-Patt VP Tim Mislansky. “We owe our members accurate information when they do business with us. Our Good Faith Guarantee is a great example of how we back up our promise,” he said. A few exceptions do apply to the Guarantee, such as some decisions made by the borrower, as well as certain pre-paid items such as property taxes and homeowner’s insurance. Wright-Patt CU has nearly 155,000 members.

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.