DURHAM, N.C. — The $60 million Latino Community Credit Union has taken another step in favor of serving its primarily immigrant membership in the face of a negative economy by offering fixed-rate mortgages.
The young and very rapidly growing credit union serves a primarily immigrant membership in North Carolina.
Latino Community CEO Luis Pastor acknowledged that this could seem a bad time to step into the mortgage market, but countered with the observation that the CU has been making adjustable-rate mortgages for some time with very low delinquency and charge-off rates.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
