Participation Program
CUC Mortgage’s Participation Program is an ideal lending option for credit unions looking to grow first mortgage portfolio loan volume at a measured pace. This program, offered in partnership with Members United Corporate FCU, provides you with the opportunity to share 10-90 percent of your member mortgage loans for retention by Members United. How much or how little you choose to hold is entirely up to you.
With CUC Mortgage’s Participation Program, your loans are:
- underwritten to secondary market standards
- serviced by CUC Mortgage
- offered in a variety of loan products
- available in either monthly or bi-weekly member payment schedules
- closed in your name with Members United Corporate FCU
- co-funding its percentage of each loan at closing
Through the Participation Program, the available mortgage lending dollars within a credit union are distributed to a broader range of members, promoting growth while reducing risk. Most importantly, participating credit unions are able to hold an asset that would otherwise be unattainable.