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ON DEADLINE.(National CU Foundation)(Brief Article)

CUSO Buys Mortgage Broker

WAUWATSA, Wis.-A credit union-controlled CUSO has acquired a mortgage broker just as banks are cranking up their campaign to offer mortgage brokerage services directly. Central States Mortgage, which is 60% owned by Wisconsin credit unions and the Wisconsin CU League, has completed its acquisition of Homesale Realty, a full-service real estate broker which did $52-million in sales last year. Homesale will be paired with the CUSO's four title insurance and mortgage banking companies to offer a full array of real estate services to credit union m

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