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Optimism on Mortgages Competes With Caution

LAS VEGAS Credit union executives attending the annual meeting of the American Credit Union Mortgage Association received a mixture of optimism from credit union CEOs about the future of credit union housing finance and caution from a leading economist about the overall economy and the housing market.

By David Morrison | Updated on October 01, 2012
A panel of CEOs offer an optimistic view of credit union housing finance efforts and prospects. From left, Patsy Van Ouwerkerk, CEO of Travis Credit Union; Terry West, CEO of VyStar Credit Union; Michael Valentine, CEO of Baxter Credit Union; and Nader Moghaddam, CEO of Financial Partners Credit Union

LAS VEGAS — Credit union executives attending the annual meeting of the American Credit Union Mortgage Association received a mixture of optimism from credit union CEOs about the future of credit union housing finance and caution from a leading economist about the overall economy and the housing market.

The optimism came in a panel discussion that brought together four CEOs from leading credit unions in housing finance on Sept. 24. The panelists told credit union executives that credit unions have broken through on mortgage lending and face a strong future in the field.

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