Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
myCUmortgage pays partners 2.5 million
FAIRBORN, Ohio (3/10/10)--myCUmortgage, a division of Fairborn, Ohio-based Wright-Patt Financial Group, paid more than $2.5 million to its partners in return for purchasing mortgage loans. myCUmortgage and its credit union partners increased closed-loan products by more than 180% between 2008 and 2009. The increase is because of low market interest rates, high efficiency, credit unions’ positions as trusted lenders and the first-time home buyer tax credit, the company said. DESCO FCU, Portsmouth, Ohio, is one of myCUmortgage’s partners. The credit union made more than $60 million in mortgage loans in 2009. Wright-Patt Financial Group is a wholly owned subsidiary of Wright-Patt CU, Fairborn, Ohio.


RSS print
News Now LiveWire
Tech. advances don't dampen consumer #cybersecurity concerns #NewsNow http://t.co/HNn4Hojadv
7 hours ago
.@TheNCUA board unanimously voted today to designate board member Rick Metsger as vice chairman, effective immediately.
8 hours ago
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
9 hours ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
10 hours ago
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
11 hours ago