FAIRBORN, Ohio — As many other sectors of the mortgage marketcontinue to reel from rising delinquencies and foreclosures,another island of good news comes from myCUMortgage here, adivision of a wholly-owned CUSO of Wright-Patt Credit Union.myCUMortgage set a new record for home loans in February, helpingCUs to place 149 families in new homes.


myCUMortgage president Tim Mislansky observed that while otherlenders are pulling back, credit unions involved in myCUMortgageare actively meeting the needs of borrowers with responsible loans.“Our 2008 volume has doubled from the same period one year ago witha 103% increase in dollar amount of loans, and applications areup.”


Mislansky added that he applauded the efforts of all creditunions that are now stepping up and recognizing the opportunity tobe more significant in their members' lives by helping more of themwith home ownership. They see the shake up in the mortgage marketas a real opportunity, and it is.”


While other financials may be cutting staff, myCUMortgage hasbeen adding staff dedicated to home financing and marketing moreaggressively, he said. Credit unions can benefit from all thenegative news because borrowers are looking to work withinstitutions they can trust, he said.

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