DALLAS — While creating great national unease, the mortgage crisis offers credit unions outstanding opportunities to increase market share as the industry assists beleaguered homeowners, according to a major CU service vendor.
"Credit unions know how to do this right and you know we are stuck at 2% and so these problems provide a tremendous chance for credit unions to really grow their portfolios," observed Linda Clampitt, senior vice president of CU Members Mortgage, which has a $12.5 billion portfolio and services 750 CUs, leagues and CUSOs nationwide.
The 2% comment apparently refers to the industry's share of the mortgage market with Clampitt stressing the need for CUs sticking to lending basics "and partnering with those you know."
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? Sign In
© 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.
