Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
iChicago Tribunei CUNA notes CUs grow as mortgage option
MADISON, Wis. (10/31/11)—An Chicago Tribune article on Friday touted credit unions as a borrower-friendly source home owners looking for refinancing options.

The article by syndicated columnist Lew Sichelman will appear in numerous newspapers and other publications nationwide.

Credit unions are on track to originate just $68 billion in mortgages, according to statistics provided by Mike Schenck, senior economist at the Credit Union National Association, for the article.

Although credit unions are often overlooked by loan shoppers, they offer the same loan products as other mortgage lenders, the Tribune said.

"Moreover, credit unions usually don't tack on all the junk fees that more traditional lenders like to charge," the article said. "They also tend to offer better, more personalized service. Indeed, they consistently earn the highest marks among financial institutions in customer satisfaction surveys."

The article specifically cited Kinecta FCU, a California-based credit union with 225,000 members, which recently launched a program that allows high-net-worth members to count a percentage of certain assets as income for qualifying purposes.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
19 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
1 Day ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
1 Day ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
1 Day ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
1 Day ago