Suitland, MD (PRWEB) March 12, 2013
The American Credit Union Mortgage Association (ACUMA) has named Andrews Federal as one of the Top 300 First Mortgage Granting Credit Unions in the country. Andrews Federal ranked fifth in the state of Maryland and 174th nationally among mortgage granting credit unions as of Sept. 30, 2012, according to the annual ACUMA ranking.
ACUMA’s data shows that Andrews Federal originated nearly $98 million in 312 fixed and adjustable first mortgages through the third quarter of 2012. Andrews Federal also sold $9.1 million in first mortgages during the same period. Outstanding fixed and adjustable first mortgages totaled $114.9 million, while real estate loans sold but serviced by Andrews Federal was nearly $28.2 million.
ACUMA, a not-for-profit Credit Union trade association, brings together the shared real estate lending and financing interests of the Top 300 mortgage lending credit unions and CUSOs nationwide.
Additionally, Andrews Federal is ranked 2nd among leaders in 12-month growth of 1st mortgage loans outstanding according to a report in the 2013 Callahan Credit Union Directory. The report compares the top 50 credit unions with over $20 million in assets, and at least $5 million outstanding as of the report date of June 30, 2012.
For more than 25 years, Callahan's Credit Union Directory has served as the industry gold standard for reliable data and insight into industry performance. Published annually, the Credit Union Directory is the only comprehensive source of information available on the entire credit union industry, encompassing all federal, state, and privately insured institutions.
About Andrews Federal Credit Union
Andrews Federal Credit Union was founded in 1948 to serve the needs of military and civilian personnel by providing a vast array of financial products and services. With over $900 million in assets, Andrews Federal has grown to serve more than 100,000 members in the District of Columbia, Joint Base Andrews (MD), Joint Base McGuire-Dix-Lakehurst (NJ), and military installations in central Germany, Belgium, and the Netherlands. In addition, the Credit Union serves as a financial partner with many select employee groups in Maryland, the District of Columbia, and New Jersey.
To learn more about Andrews Federal Credit Union and its community involvement, please visit http://www.andrewsfcu.org.