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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.


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