Wednesday, October 17, 2007

Philly Credit Unions Help Folks Turnaround Subprime Mistakes

Two Philadelphia credit unions are offering services to help consumers who have made mistakes by signing onto subprime home loans, reports the Oct. 12 Philadelphia Business Journal.

Freedom Credit Union, a $338 million asset, Warminster, Pa.-based credit union, and Philadelphia Federal Credit Union, a $547 million asset, Philadelphia-based institution are offering a lifeline to those embroiled in subprime woes with loan refinancing options.

See how credit unions helped member Pam Watson in the story, Low home loan default rates at credit unions reflect homespun lending habits.

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