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One Credit Union Not Intimidated from Jumbo Market

Workers' Credit Union in Boston area says it's serving the largest and the smallest in its market.

By David Morrison | Updated on November 15, 2013

Some larger banks have begun to more aggressively price their jumbo mortgage loans, but at least one credit union has decided not to be intimidated into leaving that market.

An executive with the 72,250-member, just over $1 billion Workers’ Credit Union, headquartered in Fitchburg, Mass., said the credit union had noticed some area banks had dropped their rates on jumbo loans to match their rates for conventional loans, but had decided that it had the expertise and resources to compete.

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