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

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

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