CHARLOTTESVILLE, Va. — Cognizant of the industry’s emerging role in trying to calm member concern over mortgage turmoil, a prominent Virginia CUSO said today it has been sending out letters and e-mails to client CUs in two states and the District of Columbia urging they become “pro-active” on re-fi products as well as in offering education and counseling.

“The current problem in the mortgage industry will continue to have far-reaching effects for some time,” warned Member Options LLC, a CUSO operating in Maryland, Virginia and D.C., adding that member alarm is already evident as local “lenders who offered high risk products are closing their doors or teetering on bankruptcy.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical 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 and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from 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 and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.