Newsroom
April 20, 2015
Harney: First-time home buyers should go to CUs
A nationally syndicated columnist urged first-time home buyers to join credit unions for the best deals and cited NAFCU's data showing that credit unions have more than quadrupled their share of total mortgage market volume in nine years.
Kenneth Harney's column appears in The Washington Post, The Boston Herald, The L.A. Timesand many other publications.
"Want to buy your first home with little or nothing down and maybe get a refund on part of your realty agent's commission?," Harney began. "Consider joining a credit union that is aggressively growing its mortgage business. Credit unions have been expanding their presence in housing … by offering deals you can't find at most banks."
In addition to citing NAFCU data, the article used examples of credit unions "pulling in hordes of young first-timers," such as Navy Federal Credit Union, NASA Federal Credit Union and State Employees' Credit Union in North Carolina. The article noted that many credit unions refund portions of real estate agent commissions, and it emphasized that "credit union home-purchase programs generally have miniscule delinquency and default rates."
Finally, the article pointed borrowers to CULookUp.com, the credit union locator site administered by NAFCU Services, to learn more about credit union membership.
Kenneth Harney's column appears in The Washington Post, The Boston Herald, The L.A. Timesand many other publications.
"Want to buy your first home with little or nothing down and maybe get a refund on part of your realty agent's commission?," Harney began. "Consider joining a credit union that is aggressively growing its mortgage business. Credit unions have been expanding their presence in housing … by offering deals you can't find at most banks."
In addition to citing NAFCU data, the article used examples of credit unions "pulling in hordes of young first-timers," such as Navy Federal Credit Union, NASA Federal Credit Union and State Employees' Credit Union in North Carolina. The article noted that many credit unions refund portions of real estate agent commissions, and it emphasized that "credit union home-purchase programs generally have miniscule delinquency and default rates."
Finally, the article pointed borrowers to CULookUp.com, the credit union locator site administered by NAFCU Services, to learn more about credit union membership.
Share This
Related Resources
Add to Calendar 2024-04-24 14:00:00 2024-04-24 14:00:00 Optimize Liquidity, Maximize Loan Growth: The Network Lending Advantage About The Webinar Join us to learn more about network lending, a cooperative model allowing credit unions to optimize liquidity and achieve loan growth. Discover how credit unions can participate in loan pools with other institutions, allowing them to diversify portfolios, access loans with potentially lower risk and higher yields, and expand lending capacity without necessarily needing a surge in deposits. Delve into how credit unions can pool their resources, set common underwriting and pricing standards, and collectively originate, buy, and sell loans to optimize liquidity management. Hear from your peers about best practices, case studies, and practical strategies to harness the full potential of network lending and how it's helped their credit unions. Don't miss this valuable opportunity to learn how to strengthen your credit union's position in today’s competitive environment. Key Takeaways: How network lending differs from traditional lending The benefits of participating in loan pools with other credit unions How credit unions can set common underwriting and pricing standards and collectively originate, buy and sell loans to optimize liquidity management Why network lending is critical to loan growth Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Optimize Liquidity, Maximize Loan Growth: The Network Lending Advantage
preferred partner
LendKey
Webinar
Add to Calendar 2024-04-23 14:00:00 2024-04-23 14:00:00 Monitoring the Latest Litigation Risks Credit unions’ operations pose litigation risks, with more of these cases being filed as class action lawsuits. In this Monitoring the Latest Litigation Risks for Credit Unions webinar, you’ll review some of the specific kinds of lawsuits impacting credit unions and what potential claims could be on the horizon. You’ll also examine some options for mitigating risks. Key Takeaways Review the current lawsuit trends. Understand the potential claims risks Explore options for mitigating risks. Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 23, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCRMs will recieve 1.0 CEUs for participating in this webinar NCCOs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Monitoring the Latest Litigation Risks
Credits: NCCO, NCRM
Webinar
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Get daily updates.
Subscribe to NAFCU today.