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CU System
CU System briefs (09/01/2010)
* SAN ANTONIO (9/2/10)--San Antonio FCU (SACU) has acquired Mountainside Financial (MSF)--the largest broker for manufactured-home lending in the U.S. (San Antonio Business Journal Aug. 31). SACU added Mountainside to its CU Factory Built Lending Division, and the company will be known as Mountainside Financial, a Division of SACU. The division provides loans to homeowners seeking private land on which to place their manufactured homes. With the new acquisition, the $8 billion asset SACU can support retailers and brokers with capital for new- and used-home purchases, refinancing and other needs for the manufactured-home owner ... * BOSTON (9/2/10)--Edward Saunders Jr., former senior vice president and legislative counsel at three New England credit union leagues, died Saturday in Boston at the age of 60. An attorney, he was executive director of the Massachusetts Catholic Conference, a position he held since July 2005. For 16 years, Saunders served as senior vice president and legislative counsel for the Massachusetts, New Hampshire and Rhode Island credit union leagues, and as general counsel and clerk of the Massachusetts Credit Union League (Boston Herald Aug. 32) ...


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