I-C FCU Folds Up Mortgage CUSOs

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I-C FCU is closing one of its two mortgage CUSOs, I-C Realty, and folding the other one, ICON Mortgage, back into the credit union under a restructuring.

The credit union decided to close I-C Realty to refocus on the it's core business of consumer lending, and found that ICON Mortgage duplicated some of the services offered by the $320-million credit union. I-C Realty's administrative staff and employees of ICON Mortgage will become employees of the CU.

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