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Municipal Credit Union has been serving the financial needs of our members since 1916. The credit union was chartered in response to the concern of New York City Mayor, John Purroy Mitchel, who wanted city employees to have a way to save at reasonable rates and a low cost borrowing alternative to loan sharks. MCU started out with one branch in the Municipal building using handwritten ledgers. At the end of the first year, nineteen charter account holders had combined deposits of $570. Today, we have 19 branches, more than 500,000 members and over $2.9 billion in assets. Our corporate mission is to build lifetime quality financial relationships with each member by providing competitive products and excellent service.
Founded in early 2008 to address challenges created by the growing housing crisis, our company is committed to providing innovative servicing solutions for both performing and non-performing mortgages. Until recently, the existing traditional mortgage servicers were adequately able to handle the mortgages under their care. The functioning premise of their servicing models was a high volume, low delinquency approach. However, in the last two years, due to many factors, residential mortgages have begun experiencing unprecedented levels of delinquency. As a direct result, many servicers quickly found themselves overwhelmed and unable to effectively manage the resulting complications. We conducted an exhaustive analysis of the existing mortgage servicing industry and gained valuable insight into the short-comings of current mortgage servicers. Realizing that even adapting an existing approach was wrought with immense challenges including legacy portfolio issues and unproductive corporate cultures, we decided to build a new model from the ground up, the focus of which would be to benefit both the homeowners and the lenders.
Wachovia is one of the leading providers in Financial Services. It is based in Gatesville, TX. To find more information about Wachovia, please visit www.wachoviabank.com
Let Diamond Residential Mortgage Corporation finance your next home loan. Refinancing, buying a new home, interested in a Reverse Mortgage or need Low Down Payment options, contact us.
At REDI, we are focused on bringing a new level of efficiency, transparency and openness to the trading process by building a collaborative community of investors, brokers, technology firms and content providers. Through our modular, end-to-end trade management platform, REDIPlus®, you can execute everything from simple single stock trades to complex strategies across markets and time zones and manage your risk throughout the trade lifecycle. Access our growing network of over 150 execution brokers to route Equities, Futures or Options orders globally, as well as dozens of integrated prime and clearing brokers through our expanding suite of middle office tools. Collaborate with our broker and vendor partners, who are able to efficiently plug into our platform to reach our community of more than 5,000 active users. REDI was among the industry`s first providers of trading technology and has pushed the state-of-the-art forward for more than 20 years. Today, with the backing of our investors – Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel, Goldman Sachs and Lightyear Capital – we`re building on our history of innovation to become an open, industry-backed ecosystem for the entire trading community.