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After including 13 credit score unions as shoppers in 2023, myCUmortgage has already surpassed that tally this 12 months, signing 15 credit score union companions representing greater than 355,000 members and $5.64 billion in belongings throughout the first 9 months of 2024.
Beavercreek, Ohio-based myCUmortgage is a credit score union service group (CUSO) that companions with mortgage know-how suppliers to assist credit score unions originate, underwrite and repair standard and government-backed FHA, VA and USDA residence loans.
“While the mortgage and real estate industries continue to experience challenging conditions, that doesn’t change the fact that credit union members still need homes,” myCUmortgage President Paul Sutor stated in asserting six new companions signed throughout the third quarter.
MyCUmortgage had beforehand introduced 4 new credit score union companions in Q2 and 5 in Q1.
New myCUmortgage companions (ranked by belongings)
Seattle Credit score Union (Seattle, Washington); 56,393 members, $1.093 billion belongings
Campus Federal Credit score Union (Baton Rouge, Louisiana); 44,154 members, $876 million belongings
Cornerstone Monetary Credit score Union (Nashville, Tennessee); 48,342 members, $613 million belongings
ValleyStar Credit score Union (Martinsville, Virginia); 37,784 members, $600 million belongings
AdelFi Credit score Union (Brea, California); 17,428 members, $564 million belongings
Securityplus Federal Credit score Union (Baltimore, Maryland); 36,109 members, $558 million belongings
Earthmover Credit score Union (Oswego, Illinois); 29,502 members, $373 million belongings
Glass Metropolis Federal Credit score Union (Maumee, Ohio); 26,611 members, $294 million belongings
Meritus Credit score Union (Lafayette, Louisiana); 24,737 members, $239 million belongings
Blue Eagle Credit score Union (Roanoke, Virginia); 18,421 members, $237 million belongings
Northwest Christian Credit score Union (Nampa, Idaho); 5,628 members, $108 million belongings
DN Group Federal Credit score Union (Canton, Ohio); 3,050 members, $29 million belongings
CHHE Credit score Union (Huntington, West Virginia); 4,124 members, $28 million belongings
Laredo Hearth Division Federal Credit score Union (Laredo, Texas); 1,877 members, $16 million belongings
Victoria Federal Credit score Union (Victoria, Texas); 1,244 members, $9 million belongings
During the last 12 months, credit score unions have been an avenue for development for Jacksonville, Florida-based mortgage tech supplier Darkish Matter Applied sciences.
Darkish Matter joined the American Credit score Union Mortgage Affiliation (ACUMA) as an affiliate member final 12 months and makes its Empower Mortgage Origination System obtainable to credit score unions that belong to CUSO House Lending, a credit score union service group and licensed mortgage firm.
E-mail Matt Carter