ALPENA, MI (June 6, 2013) Alpena Alcona Area Credit Union hosted a presentation for local realtors at the Alpena Golf Club. The session allowed local realtors the opportunity to learn about the recent changes in appraisal regulations, followed by a question and andwer session.
In January 2013, the CFPB (Consumer Financial Protection Bureau) issued numerous new regulations reforming the mortgage market, many of which were directed by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules cover many stages of a consumer’s mortgage experience, from shopping for a loan to paying it off. Most of the CFPB’s new rules go into effect in January 2014.
Over 30 people attended the presentation including the entire mortgage team from Alpena Alcona Area Credit Union.
“Our Credit Union is committed to making home ownership a reality for our credit union members and keeping money in our local community. Alpena Alcona Area Credit Union strives to carry out the credit union philosophy of ‘people helping people’ every day,” President and CEO of Alpena Alcona Area Credit Union Donald J. Mills stated.
About Alpena Alcona Area Credit Union
Alpena Alcona Area Credit Union serves members primarily in Alpena, Alcona, Montmorency, and Iosco counties with 8 locations – a main office located in Alpena, with branch offices in Ossineke, Lincoln, a Tiger Branch in Alcona Community Schools, Atlanta, Oscoda and Tawas offices, and an additional branch in Alpena. As of May 31, 2013, Alpena Alcona Area Credit Union is member owned by 27,091 members and has total assets equal to $279,040,805.