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CU System
IN.Y. TimesI mentions two CUs favorably
NEW YORK (3/17/09)--The “Your Money” column in Friday’s New York Times favorably mentioned two credit unions for helping borrowers with troubled or foreclosed mortgages get back on their feet. Columnist Ron Lieber wrote about The Golden 1 CU, Sacramento, Calif., and Boeing Employees CU (BECU), Tukwila, Wash. “The Golden 1, one of the nations’ largest credit unions, now has a mortgage repair loan for people who have lost a home to foreclosure but want to buy a new one,” Lieber wrote. Aaron Bresko, BECU vice president of lending, is helping create a panel called “How to Lend to the Newly Credit Impaired” for a conference to be held later this year, Lieber added. Lieber quoted Bresko about the rationale for the panel: “Good people have bad things happen to them, so how do you find those people and reach out to them?” Bresko said. “As the year progresses, it’s going to be an emerging market.” The Golden 1 has $6.971 billion in assets. BECU has $8.639 billion in assets.
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