Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TAMPA, Fla. — Three billion dollar credit unions have signed agreements with MEMBERS Trust Company to offer the CUSO’s reverse mortgage product to members.

The $2.5 billion ENT, $2 billion Visions FCU and $2.1 billion GTE FCU are the first to sign on with MEMBERS Trust’s reverse mortgage center, said Tom Walker, president/CEO of the trust company. Through the center, which launched in November 2007, credit unions can originate and service the Federal Housing Administration’s Home Equity Conversion Mortgage, as well as a proprietary product, the “Reverse Equity Mortgage…Payment Freedom for Seniors.”

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.