WAUWATOSA, Wis. – CSMC Inc., the third largest multi-owned CUSO and parent company of Central States Mortgage, has established Equity Commercial Real Estate. A statement from CSMC said “the new firm will combine the expertise of three established principal partners to concentrate on leasing and sales of office, industrial, retail and investment real estate, and will provide pre-development and development consulting and brokerage services as well.” The three principals include Tom Gale, Tim Casey and Kenneth Petershack. CSMC CEO Richard Jungen said the three “are a perfect fit with our philosophy of hiring local experts who are not only active in their communities but also share the commitment to superior customer service that runs through all of the Central States Companies.” He explained that CSMC established Equity Commercial Real Estate because of the trend among credit unions of expanding their business services. “To complement the services of the credit unions with whom we work and already offer business real estate lending, Equity Commercial Real Estate will allow us to offer the complete suite of commercial real estate services.” Equity Commercial Real Estate becomes CSMC’s fifth business. The other four include: Central States Mortgage, Direct Mortgage Funding, Premier Title and Closing Services, and HomeSale Realty. CSMC is owned by 25 CUs and the Wisconsin Credit Union League.

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?


© 2024 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.


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 © 2024 ALM Global, LLC. All Rights Reserved.