CU Companies announces territory expansion

New Brighton, Minn (May 13, 2016) – CU Companies announced this week that it is expanding its territory to include Kentucky, Nebraska, Tennessee, West Virginia, and Wyoming. With the addition of these five states, the credit union service organization (CUSO) now has nine account executives that focus on a total of 22 states.

"Adding these five new states is part of our deliberate growth plan," said Brad Crandall, CU Companies CEO. "This was our next logical step as we continue to build scale and efficiencies as a CUSO."

Crandall continued to detail CU Companies' focus on delivering personalized service as it expands and noted that the organization was born from a need for flexibility with a high level of service, despite the economic environment. "We are the solution for reducing their mortgage lending overhead while providing personalized and expert service. We are able to move into new states because of the processes we put into place which allows us to very effectively service greater volumes," added Crandall.

CU Companies is licensed to service loans in 44 states. This allows the organization to offer retail, correspondent, and delegated mortgage channels to credit unions and community banks. With flexible options for lending strategies along with a servicing program that promises no back solicitation, CU Companies has grown over 170 percent in new partners in the last three years since it began its enhanced strategy.

New account executives join CU Companies to assist in managing the new states.

Nicole Cowan comes to CU Companies with nearly 20 years of experience in the financial institution industry. She will be working with credit unions in Indiana, Kentucky, and Tennessee. Prior to her start at CU Companies, she was the Vice President of Lending and CFO for Perfect Circle Credit Union in Hagerstown, Indiana. She is a CUNA certified Credit Union Compliance Expert and previously held positions at West End Bank, S.B., as an Operations Manager and Internal Auditor.

Joe Chodkiewicz joins CU Companies bringing over 25 years of experience in the mortgage industry. He will be working with credit unions in Michigan, Ohio, and West Virginia. Prior to his start at CU Companies, he was the Regional Accounts Manager for Lenderlive Correspondent Lending in Denver, Colorado, where his client base included credit unions and banks throughout the Great Lakes region.

An additional account executive, Matt Warzala, who joined CU Companies nine months ago will manage two of the five new states. Warzala's experience in the industry makes him a great fit for Nebraska and Wyoming in addition to working with financial institutions in Minnesota and South Dakota.

About CU Companies: CU Companies was founded in 1987 by three Minnesota credit unions to offer a competitive mortgage solution for their members. Now CU Companies is owned by over 60 credit unions in Minnesota and offers a wide range of products and services to numerous credit unions and community banks across the nation. For more information, click to www.cucompanies.com