Metro Credit Union works with the City of Boston to prevent foreclosures and provide homeownership opportunities
Boston, MA – October 26, 2011 – (RealEstateRama) — Credit Union was recently approved as a lending partner for the Boston Home Center. Metro will collaborate with the Boston Home Center to develop and enhance mortgage programs aimed at placing homeowners in the most sustainable mortgages.
The Boston Home Center provides first-time homebuyers with educational courses and financial assistance, and markets homes developed for income-eligible, first-time homebuyers. They also assist homeowners with education and foreclosure prevention counseling, and encourage strong, stable neighborhoods by providing residents with financing and technical assistance to maintain and improve their homes.
“The Boston Home Center welcomes the Metro Credit Union as its newest lending partner. Their advantageous mortgage products combined with the Boston Home Center’s financial assistance will create new opportunities for Boston homebuyers,” said Evelyn Friedman, Director, Department of Neighborhood Development.
“Metro Credit Union is proud to offer its assistance to prospective and current homeowners in Boston through a partnership with the Boston Home Center. Our goal is to aid the community in moving toward financial stability through counseling services, financial assistance programs, and responsible lending practices,” said Robert Cashman, President and CEO, Metro Credit Union.
About Metro Credit Union
Metro Credit Union is one of the largest credit unions in Massachusetts with over $900 million in assets, and serves over 134,000 members. Established in 1926 and based in Chelsea, Metro offers superior service and a full range of financial products, including investment and insurance offerings, for consumers and businesses in eastern Massachusetts. Metro has twelve branch offices conveniently located in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Peabody, Salem, and Tewksbury. Metro is also a leader in workplace banking, serving over 1,800 companies throughout the state.
Contact:
Jessica Shumaker
jshumaker.dnd (at) cityofboston (dot) gov
