CU Members Mortgage Closes Out 2012 with Strong Q4
DALLAS, TX – January 16, 2013 – Finishing 2012 strong, credit union mortgage services provider CU Members Mortgage has signed 11 more credit unions during last year’s (2012) Q4. This quarter marks the sixth consecutive quarter CU Members Mortgage has garnered double-digit signings, giving a firm indication that credit unions are continuing to position themselves as prime resources for increased consumer mortgage lending. 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 Q4 2012 include
- Lebanon FCU – Lebanon, PA 22,159 members; $171 million in assets
- Vantage Trust FCU – Wilkes Barre, PA; 8,686 members; $100 million in assets •
- Atlanta Postal CU – Atlanta, GA; 100,607 members; $2 billion assets •
- United 1st FCU – Kingsland, GA; 18,363 members; $115 million in assets
- Valley CU – Tuscumbia, AL; 6,459 members; $62 million in assets
- New Century FCU – Joliet, IL; 7,009 members; $51 million assets
- SIU CU – Carbondale, IL; 29,897 members; $254 million assets
- First Imperial CU – El Centro, CA; 13,555 members; $70 million assets
- Point West CU – Portland, OR; 9,873 members; $88 million assets
- Safeway FCU – Spokane, WA; 4,876 members; $55 million assets
- First Trust CU – Michigan City, IN; 12,540 members; $92 million assets
“Our last quarter was certainly indicative of 2012 as a whole,” states Linda Clampitt, Senior Vice-President of CU Members Mortgage. “The entire year was a sprint, handling the constant flow of growth streaming through the door. We are definitely grateful to be in the position we are in helping credit unions enhance their mortgage lending services that ultimately helps them gain and retain members. We look forward to more of the same in 2013.”
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.