Carolina CUs Form Network

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Credit unions in North and South Carolina have followed the lead of three other Southeastern states to form a new credit union real estate network (CUREN) to promote mortgage lending. CUREN groups offer networking and educational opportunities to help expand the mortgage lending business for credit unions. United Guaranty Residential Insurance Co. (UGRIC), a mortgage insurer, sponsored the initial planning meeting for the Carolinas' CUREN, which attracted 17 people. The company will continue to offer training and education as well as networking contacts for the group. Last June, credit unions in Alabama, Georgia, and Tennessee joined forces to create another CUREN in the Southeast, and similar CURENS are also active in Southern and Northern California, the Mid-Atlantic area, Washington state, Texas, and Florida.

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