RICHARDSON, Texas–Two credit unions here–United Heritage Credit Union and Credit Union of Texas–have launched Texas Mortgage Lending, LLC., a full-service mortgage originator providing services to the members of both credit unions.
A CUSO, Texas Mortgage Lending, LLC. will provide Austin-based United Heritage Credit Union and Dallas-based Credit Union of Texas the opportunity to individually provide mortgage origination services to each of their memberships, while capitalizing on economies of scale through shared costs and process optimizations between both credit unions, the CUs said in a statement.
Mortgage operations are based in Richardson, Texas, from the Credit Union of Texas branch located at 601 N. Plano Road.
“The relationship with Credit Union of Texas presents an enormous opportunity for United Heritage Credit Union to increase its potential growth rate while utilizing its already-existing resources and knowledge in the mortgage lending sector,” said United Heritage Credit Union CEO Buddy Schroeder.
Eric Pointer, president and CEO of Credit Union of Texas, added, “From the beginning of our discussions, United Heritage and Credit Union of Texas shared a vision for a program with high-quality product offerings and the level of service that we each expected for our members. Working together, we were able to retain highly experienced mortgage industry executives and staff who understand the credit union difference.”