The Wright-Patt Credit Union, Fairborn, Ohio, has acquired Select Mortgage Group Ltd., a nondepository mortgage banking firm, for an undisclosed sum. Based in Centerville, Ohio, Select Mortgage receives customer referrals from credit unions that cannot or do not want to fund loans. Select will retain its name, its 12 employees and its executive management team of Rodger Merkel, president, and David Mills, vice president of sales. The acquisition allows Wright-Patt to expand its mortgage operations, said Tim Mislansky, vice president of the credit union and president of its myCUmortgage operation. "SMG's infrastructure and credit union client base offers us the opportunity to expand," Mr. Mislansky. SMG was established in 1996.
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