CU Realty Surpasses $1 Million in Rebates To Members

HERNDON, Va. – CU Realty of VA, MD, DC, LLC has two reasons to celebrate. The multi-owned CUSO is celebrating its first anniversary and has paid $1,018,000 in cash rebates to members. CUR, LLC launched in January 2005 with 12 charter investors. The average member rebate has been more than $3,700, and the CUSO has facilitated 288 transaction closings. The CUSO is a chapter of parent company CU Realty Services of Scottsdale, Ariz. CUR, LLC President Colleen Daly commended the 45 realtors in the program for their efforts in directing mortgage loans back to the credit union. "Over the past year, 64% of members buying a home closed their mortgage through their credit union. We are pleased with that percentage, but believe we can do even better and have set the upcoming year's goal at 80%. Once our members fully realize the value that their credit union can offer in the real estate process – competitive mortgage rates and excellent service – this goal should be attainable."