SCOTTSDALE, Ariz. (6/15/12)--CU Realty Services LLC, a Scottsdale, Ariz.-based credit union service organization specializing in real estate services, is celebrating its 10th anniversary.
The firm has worked with more than 100 credit unions in 19 states and 49 metro areas, recruited and trained more than 400 real estate agents, and has generated more than $10 million in total cost savings to credit union members.
Launched in 2001, CU Realty Services was one of the first in the U.S. to offer Internet home searches, representing a major shift in how buyers and sellers connect. Today, almost half of all searches begin online, according to the 2011 National Association of Realtors Profile of Home Buyers and Sellers.
In the past year, CU Realty helped credit union members who bought or sold their homes through its agent network save a collective $1.8 million--equal to about 20% of real estate commissions. At the same time, the CUSO's credit union partners have increased their purchase-mortgage business, some by as much as 40%.