When Marc Coburn reads reports indicating as many as 21,000 government employees in North Carolina may face layoffs later this year, it hits home.
Coburn doesn't work for the government, but as senior vice president/loan servicing at State Employees Credit Union, he realizes the news may put even more pressure on efforts the credit union is making to keep members in their homes. The credit union has no SEGs, so the great bulk of the membership is active or retired state employees and their families.
Since February 2009, 7,000 members have taken advantage of one-on-one counseling through a mortgage assistance program. Loan officers take a proactive approach, contacting members more than 30 days behind on their mortgage payments to discuss options.
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