DALLAS, TX (April 16, 2013) – Just as it finished in 2012, credit union mortgage services provider CU Members Mortgage has started 2013 with yet another strong showing, signing credit unions in the double digits (15) during its last fiscal quarter. This activity continues the trend of credit unions looking to shore up their mortgage lending services to prepare for a housing market resurgence – and home buying season this summer. As a result, these credit unions can leverage CU Members Mortgage’s seamless mortgage lending services to experience reduced fraud risk, enhanced processing efficiencies, and additional fee income.
The new credit unions signed in Q1 2013 include:
- Red River Employees FCU – Texarkana, TX; Assets - $638,197,170; Members – 65,318
- Freedom FCU – Rocky Mount, NC; Assets - $51,481,171; Members 10,855
- Pinellas FCU – Largo, FL; Assets - $89,736,901; Members 14,463
- HFS FCU – Hilo, HI; Assets - $434,821,850; Members 43,791
- Patelco CU – Pleasanton, CA; Assets - $3,868,752,281; Members 273,975
- Red Canoe CU – Longview, WA; Assets - $578,630,125; Members 54,929
- TLC FCU – Tillamook, OR; Assets - $119,012,808; Members 16,163
- United Health Services CU – Spokane, WA; Assets - $95,803,280; Members 8,966
- Greater Iowa CU – Ames, IA; Assets - $314,396,604; Members 29,361
- Minerva Area FCU – Minerva, OH; Assets - $7,287,250; Members 2,607
- Ohio Operating Engineers FCU – Cleveland, OH; Assets - $5,713,912; Members 1,354
- Valwood Park FCU – Carrollton, TX; Assets - $18,787,789; Members 5,636
- America First FCU – Roy, UT; Assets - $5,524,303,834; Members 597,881
- Fergus FCU – Lewiston, MT; Assets - $49,638,343; Members 5,975
- Trona Valley Community FCU – Green River, WY; Assets - $146,462,372; Members 18,759
Because of this increased activity, CU Members Mortgage is looking to add experienced credit union professionals to its growing staff to support its current and future clients with their member lending services. The mortgage provider has restructured parts of its organization to better meet the new client demand, while continuing to serve its established clients. Specifically, positions are available for senior sales executives, account executives and loan officers in various locations across the country.
“It appears 2013 is shaping up just like 2012 ended – very strong,” states Linda Clampitt, Senior Vice-President of CU Members Mortgage. “Our continued streak of consecutive quarters with double-digit signings certainly indicate that credit unions are looking to position themselves as the primary providers of mortgage loans for consumers nationwide. We look forward to helping them achieve this goal with our robust services offering and expert leadership in the marketplace.”
About CU Members Mortgage
Founded in 1982 as a division of Colonial Savings, Dallas-based CU Members Mortgage provides comprehensive mortgage services to more than 1,000 credit unions, CUSOs, and leagues nationwide. CU Members Mortgage originates more than $2 billion in FHA, VA, and conventional loans each year. With a portfolio of $20 billion, it is one of the largest servicers of mortgage loans in the United States. Advanced technology, including a dedicated website with an online mortgage application that delivers confirmation in minutes, makes CU Members Mortgage one of the industry’s leading resources for mortgage services. The company is privately held and has branches located nationwide. For more information, visit: www.cumembers.com.