electronic signature contract with a hand reaching out of a laptop computer to sign a document Source: Shutterstock.

Another milestone in the passing of paper came this year as a North Carolina credit union became the first to transfer a mortgage to the Federal Home Loan Bank of Atlanta as an electronic document.

Truliant Federal Credit Union of Winston-Salem, N.C. ($3.3 billion in assets, 270,834 members) transferred the first electronic promissory note (eNote) to the FHL Bank's Atlanta region on March 26. It was completed on a video conference call using Truliant's DocMagic eVault and the Mortgage Electronic Registration Systems (MERS) eDelivery system.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jim DuPlessis

A journalist for decades.