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CU System
SACU creates new division with CU Factory Built Lending
SAN ANTONIO (10/3/08)--Employees of CU Factory Built Lending L.P. (CUFBL) have joined San Antonio FCU (SACU) as a new division, SACU announced Wednesday. Since 2004, CU Factory Built Lending L.P. has been a SACU subsidiary, taking a leadership role in providing and servicing manufactured home loans for the credit union industry. Filling a void for consumers in a climate where site-built construction costs have skyrocketed, the organization helps thousands of members obtain loans to buy construction at an affordable price or refinance their existing homes to more favorable terms, said SACU. SACU President/CEO Jeff Farver said the change will allow CUFBL and the $2.6 billion asset credit union to serve current and prospective members. The division and SACU will continue providing manufactured housing lending.


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