CU Realty Services, a real estate credit union service organization based in Scottsdale, Ariz., on Friday reported 2018 as its eighth consecutive year of year-over-year growth.
The CUSO said it gave its credit union partners more than 20,000 home buyer and seller leads last year, as it helped close 4,000 purchase mortgage transactions through HomeAdvantage, its real estate marketing platform. The CUSO, which expanded its operations into Arizona in 2018, reported its client credit unions had mortgage pull-through rates of at least 82 percent when the CUs’ members used the HomeAdvantage program to purchase homes.
In addition, CU Realty Services said gave back $6.2 million in HomeAdvantage Cash Rewards to its credit union members, an increase of 7 percent compared to the previous year.
The CUSO said the HomeAdvantage Cash Rewards program has returned $35.3 million over the years.
The CUs that received the largest HomeAdvantage Cash Rewards payouts in 2018 saw their members save more than $3.2 million. They were:
- BCU, Vernon Hills, Ill., $842,246 payout
- Bank Fund Staff FCU, Washington, D.C., $396,054 payout
- Wings Financial CU, Apple Valley, Minn., $310,378 payout
- Wright-Patt Cu, Beavercreek, Ohio, $274,411 payout
- Partners FCU, Burbank, Calif., $264,116 payout
- Apple FCU, Fairfax, Va., $251,244 payout
- Northwest FCU, Herndon, Va., $247,827 payout
- Tower FCU, Laurel, Md., $241,486 payout
- Affinity Plus FCU, St. Paul, Minn., $201,496 payout
- Fairwinds CU, Orlando, Fla., $190,626 payout
CU Realty Services has a “Million Dollar Club,” which recognizes credit unions that have saved their home-buying and home-selling members $1 million or more in the form of HomeAdvantage Cash Rewards. In 2018, one credit union reached this level, while four CUs reached cash-back milestones of $2 million or more for the first time.
To date, nine credit unions are in the Million Dollar Club:
- Northwest Federal Credit Union—$5 million
- Bank Fund Staff Federal Credit Union—$4 million
- BCU—$2 million
- Tower Federal Credit Union—$2 million
- Wright-Patt Credit Union—$2 million
- Apple Federal Credit Union—$1 million
- Affinity Plus Federal Credit Union—$1 million
- Partners Federal Credit Union—$1 million
- State Department Federal Credit Union—$1 million
“Credit unions that use HomeAdvantage enjoy a variety of member and CU-focused benefits,” Mike Corn, president and CEO of CU Realty Services, said in a statement.
