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myCUmortgage, which added 13 credit unions as customers in 2023, has already surpassed that number this year, representing more than 355,000 members and more than $5.64 billion in assets through the first nine months of 2024. Signed agreements with 15 credit union partners.
Beavercreek, Ohio-based myCUmortgage partners with mortgage technology providers to provide credit union services that help credit unions originate, underwrite and service conventional and government-backed FHA, VA and USDA mortgages. Organization (CUSO).
paul stall
“While the mortgage and real estate industries continue to face challenging conditions, the fact remains that credit union members still need housing,” said Paul Stoll, President of myCUmortgage. He said this when announcing the six partners that have been signed up.
MyCUmortgage previously announced four new credit union partners in the second quarter and five in the first quarter.
New myCUmortgage Partners (Ranked by Assets)
Seattle Credit Union (Seattle, WA); 56,393 members, $1.093 billion in assets Campus Federal Credit Union (Baton Rouge, LA); 44,154 members, $876 million in assets Cornerstone Financial Credit Union (Nashville, Tennessee). ValleyStar Credit Union (Martinsville, Virginia) with 48,342 members and $613 million in assets. 37,784 members, $600 million in assets AdelFi Credit Union (Brea, California). Securityplus Federal Credit Union (Baltimore, Maryland) with 17,428 members and $564 million in assets. 36,109 members, $558 million in assets Earthmover Credit Union (Oswego, Illinois). 29,502 members, $373 million in assets Glass City Federal Credit Union (Maumee, Ohio). 26,611 members, $294 million in assets Meritus Credit Union (Lafayette, Louisiana). Blue Eagle Credit Union (Roanoke, Virginia) with 24,737 members and $239 million in assets. 18,421 members, $237 million in assets Northwest Christian Credit Union (Nampa, Idaho). DN Community Federal Credit Union (Canton, Ohio) with 5,628 members and $108 million in assets. CHHE Credit Union (Huntington, West Virginia) with 3,050 members and $29 million in assets. Laredo Fire Department Federal Credit Union (Laredo, Texas) with 4,124 members and $28 million in assets. 1,877 members, $16 million in assets Victoria Federal Credit Union (Victoria, Texas). 1,244 members, $9 million in assets
Over the past year, credit unions have become an avenue for growth for Jacksonville, Fla.-based mortgage technology provider Dark Matter Technologies.
Last year, Dark Matter joined the American Credit Union Mortgage Association (ACUMA) as an associate member, making its Empower Loan Origination System available to credit unions affiliated with CUSO Home Lending, a credit union servicing organization and licensed mortgage company. That’s what I’m trying to do.
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