Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU, AmeriCU Mortgage team to build lending
ST. PAUL, Minn. (2/5/13)--A partnership between HomeTown CU in Owatonna, Minn., and AmeriCU Mortgage Co. is helping bolster new lending relationships in the credit union's community.

The two organizations recently organized an open house for realtors in the area to help the credit union build, strengthen and improve its loan portfolios, according to the Minnesota Credit Union Network.

At the event, representatives in the housing industry met and networked with the credit union's loan officers. The open house also allowed the $107 million asset credit union to educate realtors about available programs and to develop relationships with real estate organizations, MnCUN said.

"This open house event presented a unique opportunity for the credit union to begin to diversify its mortgage lending beyond refinancing, and demonstrate that building relationships with real estate agents and organizations is a key step in finding additional loan sources," said MnCUN Vice President-Network Service Corp. John Ferstl. "The hope is that, through this event, we can create awareness that our strategic alliance partners are willing to work with credit unions and customize ways to improve their bottom line."

AmeriCU Mortgage Co. is a strategic alliance partner of MnCUN. Through MnCUN's Network Service Corp., credit unions have access to products and services that AmeriCU and MnCUN's other strategic alliance partners offer, said MnCUN.
RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
6 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
7 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
8 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
8 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
8 hours ago