California CUs Shutter CUSO

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HUNGTINGTON BEACH, Calif. - (01/24/06) -- Orange County's CU and nuVisionFinancial FCU said they have decided to close down PrimeDirectMortgage, a mortgage CUSO they have been operating jointly.Instead, the two credit unions said they have decided to move theirrespective mortgage lending operations in-house. PrimeDirectMortgage, established in 2000, will be dissolved over the next fewmonths as mortgage operations are transitioned to credit unionstaff. Many of the former PrimeDirect employees will have theopportunity to be hired by either nuVision Financial or OrangeCounty's.

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