LAS VEGAS — Credit unions and credit union mortgageoriginators need to cooperate more to help guarantee that CUs havea place at the table in whatever secondary mortgage market arisesout of GSE reform, according to a panel of CU CEOs at Monday'sopening of the American Credit Union Mortgage Associationfall conference.
Rudy Hanley, CEO of Schools First FCU in Santa Ana, Calif., andKirk Kordeleski, CEO of Bethpage FCU in Bethpage, N.Y., joined JohnMcKechnie, senior vice president with Total Spectrum, a Washingtongovernment affairs firm to address the question of what GSE reformmeans to CUs.
Since the shape of GSE reform remains unclear, the panelistsrecommended CUs work more together to help make sure that CUs havesufficient volume to bring to the secondary market to protect theirinterests.
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