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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
NCUF funds resources to keep homeowners independent
WASHINGTON (7/6/09)–America’s credit unions, through an Innovation Grant from the National Credit Union Foundation (NCUF), are offering a DVD and website with resources for struggling homeowners to avoid foreclosure and remain independent. The “Right at Home” video and accompanying website feature information about:
* Budgeting for any situation; * Finding the right mortgage, and; * Rebuilding credit after foreclosure.
Testimonials from three homeowners who avoided foreclosure are profiled in the video. “The success stories from real homeowners are truly inspiring,” said NCUF Deputy Director Steve Bosack. “The DVD presents living proof that with the right information, struggling homeowners can save their homes. And the website provides resources that could help millions more consumers regain control of their financial future.” The website includes a downloadable workbook with problem-solving guides for problems homeowners face: income losses, increased mortgage payments, and other financial challenges. Detailed money management information and links connect homeowners with programs that offer free advice and mortgage relief, including the U.S. Department of Housing and Urban Development (HUD). Budget tools, including budget forms, are also available for download. The website and video were produced by CU Village, a web design and multimedia subsidiary of the Michigan Credit Union League. The video can also be viewed through the website chapter by chapter. Credit unions, members and consumers can purchase the DVD for a nominal fee. There are no other products for sale on the site--only tools to help families stay in their homes. NCUF Innovation Grants are funded by the Community Investment Fund (CIF), an award-winning system of investments that help credit unions earn dividends while donating to charities.
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