Twenty Ohio CUs offering HLPR loans

DUBLIN, Ohio (9/27/06)--Twenty credit unions in Ohio have joined the Home Loan Payment Relief (HLPR) program to help low- to moderate-income consumers become homeowners.

The credit unions pledged more than $29 million to the program, which was launched by the Credit Union National Association last year. Nationwide, more than 130 credit unions have pledged more than $1.1 billion (PR Newswire Sept. 25).

"Ohio's credit unions stand 'shoulder-to-shoulder' with their national peers to serve low- to moderate-income Americans by participating in this important collaborative effort," said Paul Mercer, president, Ohio Credit Union League.

The program offers below-market-rate mortgages to consumers with household incomes at or below the median in their market. The three-year adjustable-rate mortgages are 1% lower than the national average--reducing interest and monthly costs for members.

Ohio is third behind California and Massachusetts in the number of participating credit unions.

Credit unions--ranging from less than $100 million to $1 billion in assets--participating include: AurGroup Financial CU, Fairfield; Cardinal Community CU, Mentor; CES CU, Mount Vernon; CME FCU, Columbus; Day Air CU, Kettering; DayMet CU, Dayton; Faith Community United CU, Cleveland;

Fremont FCU; KEMBA Financial CU, Columbus; Marion Community CU; Midwest Community FCU, Defiance; MidState Educators CU, Columbus; Ohio University CU, Athens; Seven Seventeen CU, Warren;

Sharefax CU, Cincinnati; Superior FCU, Lima; Telhio CU, Columbus; Toledo Area Community CU; Western CU, Columbus; and Wright-Patt CU, Fairborn.

print this story email this story
Resource Links
HLPR Mortgage Program
HLPR Mortgage Loans Make the American Dream a Reality
RELATED STORIES: CUs Make a Difference


More CU/System

Copyright © 2012 Credit Union National Association