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DES MOINES, Iowa – Credit union clients of The Members Group now have access to a sub-prime mortgage product as a result of a new partnership between TMG and Central States Mortgage. TMG President/CEO Tom Kuehl said the move to partner with Central States for a sub-prime product was motivated by the increasing importance of having a non-traditional mortgage product “to reach a segment of the credit union members who have poor or no credit.” “Obviously sub-prime lending can carry a negative connotation. However, when used properly it can be a powerful tool for a credit union to offer its members to help rebuild credit ratings and create solid credit histories,” said Kuehl. “Our clients have repeatedly told us they have members who just need a little extra help in purchasing a home. This partnership provides that.” More than 50 credit unions in Iowa use TMG’s mortgage services. Besides mortgage products, TMG offers ACH, ALM, card processing, item processing and printing services.

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