Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Truliant FCU mortgage closings up 39
WINSTON-SALEM, N.C. (7/28/08)--Truliant FCU experienced a 39% increase in closed mortgage loans from January through June over the same period in 2007. In June, a month in which area home sales dropped 18%, according to the North Carolina Association of Realtors, Truliant saw an increase of 51% in mortgages closed (Weekly Update July 25). Truliant achieved mortgage growth because it did not enter the subprime lending market, according to the North Carolina Credit Union League. This enabled the credit union to provide its members with mortgages they can afford. “Our mortgage department stays extremely busy,” said Marc Schaefer, Truliant president/CEO. “We take the necessary steps and time to analyze members’ needs to ensure they understand all of their options and the costs associated with each. By placing this information within the context of all their financial needs, we help them purchase a home that they can both enjoy and afford. “As a credit union, we are member-owned and pride ourselves on doing what is best for our members,” he added. The $1.086 billion asset Truliant FCU is based in Winston Salem, N.C.
Other Resources

RSS print
News Now LiveWire
HFSC Chairman @RepHensarling announces subcommittee chairs for #114th Congress: http://t.co/FGnvnogI7n
4 hours ago
Don't Mullet Over: Check out @ECCU1's meme-rable campaign that brought in $8M in loans #NewsNow http://t.co/vNh2q01gcg
6 hours ago
#FOMC minutes show committee members debated erasing 'considerable time' from forward guidance #NewsNow #Market http://t.co/Gw0bEIFCe2
8 hours ago
NCUA votes 2 to 1 to approve 2015 budget: McWatters is dissenting vote.
9 hours ago
.@TheNCUA bd mmber McWatters at #NCUAbdmeeting invited specific, detailed comments on budget/budgetary process to be sent directly to him.
10 hours ago