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.

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:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.