A 3-pronged approach provides high-impact lending
Community development loan officers at Wright-Patt build on the cooperative’s position as Dayton’s leading mortgage lender.
A three-pronged approach to lending has helped Wright-Patt Credit Union ($6.6B, Beavercreek, OH) become the largest mortgage lender in its home market and become a positive force in the communities it serves.
“We create programs we think will help all members, but we do focus on those who need the most help with their finances,” says Eric Bugger, chief lending officer at the Buckeye State cooperative.
Helping those in the most need is the first approach in that three-pronged model. The second approach helps members become homeowners, and the third is simply being there.
Helping Those In Need
The credit union’s focus on those who are the most financially vulnerable includes loan products that help members avoid payday lending traps, afford a reliable vehicle, receive a first-time users credit card, or obtain a personal loan for as little as $100.
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