Four credit unions are participating in the U.S. Treasury Department's Making Home Affordable program as of the end of July, according to the Department.
The four are the IBM Southeast Employees Federal Credit Union, headquartered in Boca Raton, Florida; Mission Federal Credit Union, headquartered in San Diego, California; Purdue Employees Federal Credit Union, headquartered in West Lafayette, Indiana; and Technology Credit Union headquartered in San Jose, California.
According to the Department's Servicer Performance Report through the end of July 2009, IBM had roughly 72 loans more than 60 days delinquent and thus eligible for the program. Mission FCU reported roughly 34 loans over 60 days delinquent. Purdue Employees reported 11 and Technology Credit Union reported 10.
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Mission
, Purdue and Technology had not yet been in the program long enough to report how many loan modifications they had made.
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