WASHINGTON — This year saw credit union institutions dedicated to helping lower income members and unbanked communities make innovations and change the way they did business to bring more depth to their efforts.
The National Federation of Community Development Credit Unions saw an opportunity to innovate to help meet the needs of lower income members by creating a secondary market for alternative or nonconforming mortgage loans.
The CDCU Mortgage Center will also help train CDCU staff in offering mortgage financial literacy training to help their members keep up with their mortgages once they have them, the Federation said.
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