BCU #1 in Mortgage Originations in Illinois, Top 20 in US for 2012March 21, 2013
BCU took the top spot in Illinois and ranked #19 in the nation for first mortgage loan origination among credit unions for 2012, it was confirmed yesterday.
Leading the state, BCU is set to pass $2 billion in total managed real estate loans, having generated a record-setting 3,353 mortgage loans totaling $769 million in 2012 and fulfilling more member borrowing needs than ever before.
"This announcement underscores our strategy of developing the infrastructure and processes to support the significant member demand and deliver outstanding value," says Bob McKay, Executive Vice President and Chief Operating Officer.
As arguably the most successful year in its history, BCU set new records in net income, member growth and loan growth, strengthening its balance sheet and growing capital reserves to a strong and secure position over $150 million.
With $1.8 Billion in assets, BCU currently serves more than 169,000 members throughout all 50 states and Puerto Rico. Formed in 1981 and headquartered in Vernon Hills, Illinois, BCU is a not-for-profit, member- owned credit union known for providing unparalleled service, competitive rates, low fees, and innovative accessibility to its members. Membership is open to several prestigious companies around the country, as well as anyone who lives or works in the Illinois counties of McHenry, Lake, DuPage, Kane, and most of Cook.