Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Wright-Patt acquires Select Mortgage Group
FAIRBORN, Ohio (11/2/09)--Wright-Patt CU and its wholly owned subsidiary have acquired Select Mortgage Group (SMG) to bolster mortgage services to credit unions and their members. SMG President Rodger Merkel and Vice President of Sales David Mills will continue to lead the company, which has 12 employees, under the current business name. The acquisition will boost Wright-Patt’s myCUmortgage processing and underwriting services, the credit union said. “As our mortgage business has grown, we were looking for a way to expand,” said Tim Mislansky, Wright-Patt senior vice president and president of myCUmortgage. “SMG’s infrastructure and credit union client base offer us the opportunity to expand. Over time we expect to create synergies to lower the cost of home financing to credit union members, enhance how we help credit unions serve their memberships’ mortgage needs, and help credit unions keep more of the revenue generated by mortgage lending,” Mislansky said. Wright-Patt CU, Fairborn, Ohio, has $1.6 billion in assets.


RSS print
News Now LiveWire
Wyo #creditunion membership ~40%, just another part of #100MM @mwcua See #NewsNow http://t.co/ZtGRRdOcL5
19 minutes ago
.@CUNA chief @HampelBill accepts chilly charity #IceBucketChallenge http://t.co/8sKot5tiih
28 minutes ago
.@CUNA's @HampelBill takes #IceBucketChallenge See #Newsnow for who he challenged http://t.co/RiejgSjywL http://t.co/joaI4qd1Tq
1 hours ago
#creditunions must look outside narrow window of products for revenue growth: Filene #NewsNow http://t.co/14HPutjBFy
1 hours ago
In just over a year, @SaveToWinWA generates more than $1M of savings in 6 #creditunions http://t.co/rszMd0SZVv
17 hours ago