The $3.5 billion Lake Michigan Credit Union is working on opening a mortgage lending office near Naples, Fla., according to one of the cooperative's mortgage executives.
Eric Burgoon, SVP for mortgage lending at Lake Michigan in Grand Rapids, Mich., said a significant number of members had moved to Florida either full or part time. They started asking if the credit union had mortgage originators who could help them finance a Florida purchase.
“Some of them certainly could be snow birds,” Burgoon said. “But others also might be people who moved to Florida to pursue economic opportunity.”
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