Mortgage Foreclosure Prevention Workshop - Sept. 14 in Miami & Sept. 16 in Tampa

Credit unions did not create the foreclosure crisis, but they can be an important part of the solution for their members.

Industry statistics reveal that most credit union members who are homeowners have their mortgage loans with other lenders. Yet research shows that members have more faith and trust in their credit union than in any other financial institution and are more likely to turn to their credit union for advice, counsel, and assistance – particularly in tough times.

Credit unions currently have a unique opportunity to help members who may be at risk of foreclosure, regardless of who holds the mortgage. The Federation, National Credit Union Foundation, and the League of Southeastern Credit Unions will present two identical foreclosure prevention workshops this month in Florida. The first workshop will be held September 14 in Miami and the second is planned for September 16 in Tampa.

This workshop will focus on the following:

• How to identify members who may be at risk of foreclosure
• Ways to help affected members avoid scams and predatory traps
• Specific financial products that will reduce the risk of foreclosure for members and losses for the credit union
• How to connect members to responsible counseling and other services early enough to obtain the best possible outcome

The workshop is designed to provide credit unions with tools to be used to help members and also to gather feedback on the challenges facing credit unions and their members in today’s economy.

Contact Amber Tynan at 866.231.0545 ext. 1154 for more information or to register.