3 N.H. CUs Form Initiative To Help Homebuyers

November 17, 2003, 1:00 a.m. EST 1 Min Read

Three Granite State credit unions are backing a $12-million initiative to help low-income residents of this state. Holy Rosary Regional CU, Northeast CU and Service CU have collectively pledged to provide $12 million in loans over the next five years as part of an initiative called the CU Community Outreach. The CUCO program will fund home ownership loans for consumers who cannot qualify for traditional real estate loans, while an emergency loan program will offer small loans for consumers facing a financial crisis and in need of short term relief.

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