SEATTLE — An informal, but high profile think tank of credit unions and trade organizations will meet here Oct. 16 to discuss, among other things, the best way set up an CU industry-controlled secondary mortgage market.

Dan Green, executive vice president of strategy at mortgage CUSO Prime Alliance Solutions is the author of a white paper on the subject prepared for the CU Housing Roundtable's annual meeting. The group is headed by Prime Alliance, the company's majority owner $8.5 billion Boeing Employees Credit Union and Callahan and Associates and is supported by CUNA Mutual and a several billion-dollar credit unions that span from Florida to Alaska.

Green said his paper includes several possible strategies, from formalizing mortgage participation programs within existing participation loan networks to a plan to securitize pools of credit union mortgages. It's likely the industry will end up with a combination of a few ideas, he said, with initial programs rolling out as soon as second-quarter 2009.

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

  • 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

© 2024 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.