Tue, Apr 2, 2013
Andrews Federal ranked fifth in the state and 174th nationally among mortgage granting credit unions as of Sept. 30, 2012, according to the annual ACUMA ranking.
ACUMA’s data shows that Andrews Federal originated nearly $98 million in 312 fixed and adjustable first mortgages through the third quarter of 2012. Andrews Federal also sold $9.1 million in first mortgages during the same period. Outstanding fixed and adjustable first mortgages totaled $114.9 million, while real estate loans sold but serviced by Andrews Federal was nearly $28.2 million.
ACUMA, a not-for-profit unique Credit Union trade association brings together the shared real estate lending and financing interests of the Top 300 mortgage lending credit unions and CUSOs nationwide. ACUMA member organizations include federal and state chartered credit unions and CUSOs, mortgage insurance companies, secondary market investors, investment banking firms, and mortgage lending technology companies operating in mortgage banking.
About Andrews Federal Credit Union
Andrews Federal Credit Union was founded in 1948 to serve the needs of military and civilian personnel by providing a vast array of financial products and services. With over $900 million in assets, Andrews Federal has grown to serve more than 100,000 members in the District of Columbia, Joint Base Andrews (MD), Joint Base McGuire-Dix-Lakehurst (NJ), and military installations in central Germany, Belgium, and the Netherlands. In addition, the Credit Union serves as a financial partner with many select employee groups in Maryland, the District of Columbia, and New Jersey.
To learn more about Andrews Federal Credit Union and its community involvement, please visit www.andrewsfcu.org.