Affinity Plus FCU In $140-Million Loan Participation Deal

Published January 17, 2012, 6:17 p.m. EST

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Updated August 26, 2020, 11:04 p.m. EDT

1 Min Read

ST. PAUL, Minn. – Affinity Plus FCU has sold $140 million of residential first mortgage loans through a participation deal engineered by Mortgage Liquidity Solutions, a start-up Denver CUSO Affinity Plus partially owns.

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“We have experienced record growth in our residential mortgage demand from members,” said Brian Volkmann, vice president of lending for the $1.5-billion credit union. “We wanted to develop a relationship with a partner that understood our lending philosophy and could provide additional options for the sale of our loans.”

Mortgage Liquidity Solutions was started in 2011 by five large credit unions: Affinity Plus, Bellco CU, Public Services CU, San Antonio CU and Teachers CU.

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