Anatomy Of A Loan: Mortgages & Modifications

State Employees Credit Union holds more than 4,000 modified first mortgages. Here, SECU’s SVP of mortgage lending provides insight on how the credit union manages its portfolio.


Year over year, State Employees Credit Union grows its loan portfolio faster than the national average. At a time when lending at banks dropped to World War II levels yet credit unions provided more than $270 billion in new and refinanced loans – a 7% increase over 2008 – the success of a credit union with an asset base of $19.6B might not come as a surprise. 


Part 1: Risk-Based Pricing

Part 2: The Role Of The Call Center

Part 3: The Best Staff For The Job

Part 4: Going Green In North Carolina

Part 5: The Face Of SECU

Part 6: Short-Term Credit

Part 7: Mortgages & Modifications


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