October 14, 2020 – Dallas, TX – – CU Members Mortgage, a division of Colonial Savings F.A., has named the winners of its annual Credit Union Elite Partners Club program for the 2019/2020 fiscal year. Congratulations to the following credit unions:
- Austin Telco Federal Credit Union
- Texans Credit Union
- Noble Federal Credit Union.
- Benchmark Credit Union
- Nizari Progressive Federal Credit Union
- Prospera Credit Union
Awards are based on credit union scores using CU Members Mortgage’s unique scorecard that evaluates the annual performance of each partner’s mortgage department. This scorecard process was developed to emphasize how credit unions evaluate the progress, effectiveness and quality of their mortgage programs.
The scorecard takes into account a number of factors including, the ratio of purchase loans compared to refinanced home loans, average borrower FICO scores, a low percentage of early payoffs and a miniscule default ratio. Additionally, credit unions score points for innovative marketing initiatives and attending educational training sessions.
“With all the challenges 2020 has brought to everyone both in the workplace and at home, it’s nice to see credit unions and their membership base once again prevail. Recognizing these credit unions continues our tradition of celebrating their steadfast efforts to help members in the dream and power of successful homeownership,” said Steve Hewins, Senior Vice-President for CU Members Mortgage. “Congratulations to these special credit union partners and all their efforts to go above and beyond for their members and their communities.”
About CU Members Mortgage
Established in 1982 as a division of Colonial Savings, a federally chartered thrift, Dallas-based CU Members Mortgage provides comprehensive mortgage services to credit unions and CUSOs nationwide. CU Members Mortgage originates more than $1 billion in FHA, VA, and conventional loans each year. With a portfolio of $25 billion, Colonial is one of the largest servicers of mortgage loans in the United States. The company is privately held and has offices located nationwide. For more information, visit www.cumembers.com.