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Michigan Credit Union League

MSU Federal Credit Union Increases Loan Portfolio to $1B in Mortgages

MSUFCU is proud to provide its members with the resources needed to become homeowners. In February 2017, the credit union reached $1 billion in its mortgage loans portfolio, with a total of 8,615 mortgages in Michigan.

The credit union offers conventional and jumbo fixed and adjustable-rate mortgages, and mortgage refinances to help members buy or build the homes of their dreams at an affordable rate. In 2016, MSUFCU was the number one lender in both Eaton and Ingham counties, as determined by the number of mortgage loans closed, according to MarketTrac.

MSUFCU’s mortgage department consists of nearly 40 employees who provide support to members in person, over the phone, and online to help meet their homeownership needs. Additionally, they provide the products, services, and financial education resources to help each member make the most of his or her loan.

Jeff Jackson, MSUFCU chief lending officer, commented, “The credit union is proud to offer members convenient and affordable solutions for their home borrowing needs. We offer a variety of solutions for members whether they are looking to purchase, refinance, or build the home of their dreams.”

“Reaching $1 billion in our mortgage portfolio is significant for the credit union as it illustrates that we are truly living our mission—we are helping our members achieve their financial goals, and fulfill their dream of homeownership,” said April Clobes, MSUFCU president and CEO. “When our members place their confidence in us for one of their largest purchases, we know that they will have a better experience, receive a better rate, and ultimately have their mortgage with a financial institution that understands their individual needs.”

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2017-04-17 00:00:00