CU/America Financial Services, Inc is owned by eight Illinois Credit Unions and licensed by the State of Illinois, Department of Financial and Professional Regulation, Division of Banking. CU/America Financial was formed by the use of a Credit Union Service Organization (CUSO); which allows credit unions to conduct business that would otherwise have been limited, or restricted, due to regulatory constraints. CU/America Financial makes it possible for clients to take advantage of the individualized service normally exclusive to credit union members, endless mortgage lending resources, and business standards that are responsive to market demands.
CU/America's most important function is to provide low cost, sensible loans. As a result, it has grown to become the mortgage lender of choice for over 35 Illinois Credit Unions, closed nearly $1 Billion in mortgage loans, and for 2009 had its best closed loan volume ever; close to $100 Million.
The growth of 2009 didn't happen by accident. Recent events in the mortgage industry increased CU/America Financial's responsibility, to expand and meet the demands of mortgage consumers. During a time when countless mortgage providers have discontinued doing business, CU/America's Board of Directors recognized its duty and responsbility, and expanded. This gave CU/America Financial the opportunity to align its business to serve members and non-members alike, and to hire some of Illinois' best and most experienced professionals to support its new role.
CU/America Financial and its Board of Directors pledge a safe, satisfying experience.
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