WV CU Group Allies With GMAC

The West Virginia Credit Union League has formed an alliance with GMAC Mortgage Corp., Horsham, Pa., in which the latter will be the preferred mortgage provider for the group's 125 credit unions.GMAC said WVCUL's field consultants will promote GMAC's mortgage services to the credit unions. If an individual credit union decides to establish a relationship with GMAC Mortgage, it will work directly with the mortgage lender. GMAC Mortgage will not sell other products to WVCUL members nor will it sell the members' loans to other mortgage companies. Peter Conners, vice president of affinity lending for GMAC Mortgage, said the relationship "is significant because it allows GMAC Mortgage to strengthen our presence in the state of West Virginia, while providing a valuable benefit for credit unions that would like to expand their mortgage product offerings." GMAC Mortgage can be found online at http://www.gmacmortgage.com.