CU Realty Services Continues California Expansion with Three New Credit Union Partners
Christian Community Credit Union, Sacramento Credit Union and Technology Credit Union are boosting their purchase mortgage volumes with HomeAdvantage.
SCOTTSDALE, Ariz., November 16, 2017—In the Golden State—where real estate prices and closing fees prevent many from buying a home—three credit unions are using HomeAdvantage® to boost mortgage volumes and make homeownership more affordable. HomeAdvantage is a turnkey real estate program from CU Realty Services, the largest real estate CUSO in the U.S
Including these three new credit unions, HomeAdvantage is now being used by 23 California-based credit union partners that service more than 2.8 million members:
Christian Community Credit Union (San Dimas)—31,400 members, $637 million in assets
- Sacramento Credit Union—(Sacramento) 25,400 members, $456 million in assets
- Technology Credit Union—(San Jose) 91,500 members, $2.4 billion in assets
HomeAdvantage provides members with online access to the real estate tools and support they need to buy and sell their homes: online property listings, recent sales data, neighborhood demographics, a network of reputable real estate agents and more. By offering these features, credit unions are empowered to reach, identify and engage more home-buying members much earlier in their real estate journey.
The program also provides savings to members at closing through HomeAdvantage Cash Rewards. When members use a real estate agent in the HomeAdvantage network, they qualify to earn a cash-back benefit equal to 20 percent of the agent’s commission. In 2016, HomeAdvantage gave back almost $5.5 million in Cash Rewards to members nationwide. In California, cash-back benefits average $3,000 in savings per transaction.
“Company growth is always exciting,” said Tina Powers, chief operating officer at CU Realty Services. “Seeing HomeAdvantage expanding into such a large state brings opportunities to help CU Realty’s credit union partners provide excellent real estate and mortgage services to many, many more members.”
About CU Realty Services, LLC
CU Realty Services provides real estate services to credit unions across the nation, helping them increase their purchase mortgage business. Launched in 2001, the CUSO has worked with more than 100 credit unions and thousands of their members. CU Realty’s range of web-based tools helps home buyers find homes, research neighborhoods, calculate costs, connect to experienced real estate agents, and earn a cash reward. By offering this program to members, credit unions are able to achieve significant increases in their purchase mortgage business.
CU Realty Services partners with hundreds of credit unions and mortgage CUSOs in 24 states. To learn how credit unions are becoming members’ first point of contact, visit www.curealty.com.
About Apple Federal Credit Union
Established in 1956 by teachers, Apple FCU is ranked as a top 100 credit union nationwide, serving more than 185,000 members with $2.2 billion in assets. As a not-for-profit, member-owned financial cooperative, Apple FCU serves a diverse community of local education systems and anyone who lives or works in Fairfax, Frederick (VA) and Prince William counties. Members enjoy competitive rates, as well as fair and honest products and services, within a trusted environment. The Credit Union is fully committed to making a positive impact within the region, not only in financial services, but also in community involvement, financial literacy and charitable giving. To learn more, visit AppleFCU.org. Federally insured by NCUA. Equal Opportunity Lender.