Wescom Credit Union - Wholesale
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In an email released to Brokers today, but originally written on the 7th of December, Wescom Credit Union announces the following:
Self-described in a Press Release:
To view the entire announcement, click here (.doc). We placed numerous calls for more information, but had no response at the time of this post. We assume this does not affect Retail Lending.According to AllMortgageDetail.com, Wescom funded over $43 million dollars per month in 2005.
If you have more information on this company, number of layoffs involved, or peak loan volumes, please email us... we would be happy to update this post.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.