Case Study

UCCU

UCCU

Pages 1 Pages

© 2019 Fannie Mae. All rights reserved. UCCU came from humble beginnings, it didn’t have money for an office space, so it took its first deposits on a stair landing in a school building; it didn’t have a vault, so it held its assets in a cast-iron tub. While the business has grown, that dedication to doing what it takes to better serve its customers remained. So when Fannie Mae launched HomeReady®, a low down payment mortgage for low-income homebuyers, in 2015, UCCU saw it as a natural fit. The credit union began to roll it out almost immediately after its release and it helped UCCU affordably expand homeownership to a larger population. “Right out of the gate, we thought HomeReady was a great product that aligned with our core values,” said Zakary Short, assistant vice presiden

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