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SEVENTEEN CREDIT UNIONS SIGN WITH CU MEMBERS MORTGAGE
November 10, 2005, Dallas, Texas - Seventeen new credit unions have recently signed with CU Members Mortgage for mortgage origination and servicing, bringing the total number of credit unions affiliated with CU Members to more than 550. Signing with CU Members Mortgage were:
Los Angeles Times FCU, Los Angeles, CA
Ogden School District Union, Ogden, Utah
PCM Employees Credit Union, Green Bay, WI
Gateway Community Federal CU, Missoula, MT
First Alliance CU, Rochester, NY
U.P. Employees Credit Union, Little Rock, AR
Cooperative Extension Service FCU, Little Rock, AR
Mayo Employees Credit Union, Rochester, MN
Kelly Tyler FCU, Tyler, TX
Helena Community CU, Helena, MT
Transmission Builders FCU, Kokamo, IN
Fire Police City County CU, Fort Wayne, IN
Trustar FCU, International Falls, MN
Trans Texas Southwest CU, San Angelo, TX
Transwest CU, Salt Lake City, UT
McKay Dee FCU, Ogden, UT
The seventeen new credit unions represent approximately 145,000 members. CU Members Mortgage will serve them with more than 150 different loan programs, an industry-leading online application that returns a firm decision in minutes, private-label services, and a choice of participation levels customized to each credit union's resources
and staff. Additionally, marketing materials to increase mortgage lending are provided to each credit union served by CU Members Mortgage.
According to Linda Clampitt, Vice President of CU Members Mortgage, the company will have no problem adding seventeen new credit unions, and she expects more in the weeks and months ahead. With CUNA exiting the mortgage origination and servicing business, their former clients are looking for a new mortgage lending partner. Were getting dozens of inquiries and signing a significant amount of new business. Credit Unions are attracted to CU Members Mortgages business model, which prohibits cross-selling of other financial products and many other features. Well be able to transition these new credit unions seamlessly, and we have capacity to add many more. Were honored they have chosen CU Members Mortgage for their mortgage relationship.
About CU Members Mortgage
Founded in 1982 as a division of Colonial Savings, CU Members Mortgage provides comprehensive mortgage services to more than 550 credit unions, CUSOs and leagues nationwide. The company originates more than $3 billion in FHA, VA, conventional and unique single close construction loans annually, and is one of the largest servicers of mortgage loans in the United States, with a portfolio of $10 billion. Privately held and headquartered in Fort Worth, Texas, CU Members Mortgage has branches located throughout the country. www.homeloancu.com
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