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WASHINGTON-Credit union executives will gather at the National Press Club Oct. 31 to unveil a new billion-dollar, low-income mortgage program for first-time buyers. The new, nationwide Home Loan Payment Relief (HLPR, pronounced “helper”) Mortgage program already has nearly $1 billion in commitments from the nation’s credit unions. CUNA President and CEO Dan Mica, as well as Orange County Teachers Federal Credit Union President and CEO Rudy Hanley and Municipal Employees Credit Union of Baltimore, Inc. President and CEO Bert J. Hash, Jr., will present the details. The credit union executives will go over why credit unions are participating in this program, the current and expected levels of participation, program mechanics, eligibility, and benefits.

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