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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.
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