Reverse Mortgage Lender Adds More Credit Union Partnerships

Golden Gateway FinancialScreen shot 2010-02-24 at 6.21.09 AM.png continues to expand its partnerships with credit unions with the addition of Patelco Credit Union, USA Fed, and Grossmont Schools Federal Credit Union.

Each of the credit unions chose Golden Gateway as their exclusive provider of reverse mortgage information, tools and products said a company statement.

“Older Americans are still vulnerable to the effects of this economic crisis, and they are turning to the financial institution they trust most — their local credit union — for help in making important financial decisions,” said Eric Bachman, founder and CEO of Golden Gateway Financial. “Our goal is to equip credit unions to provide all the information and guidance necessary so their members can make smart, educated decisions about reverse mortgages within the framework of their existing credit union relationship.”

As part of these agreements, Golden Gateway Financial provides educational and marketing materials to help credit union partners initiate a dialogue with members about the benefits of a reverse mortgage.

Additionally, Golden Gateway Financial can make its online information and reverse mortgage calculator available to members through their respective credit union websites as well as a prepaid card program for reverse mortgage borrowers and a service that allows seniors to automatically pay critical bills from their proceeds.

Golden Gateway Financial current partners include BECU (Boeing Employees’ Credit Union) — the nation’s fourth largest credit union, and credit union technology provider Prime Alliance Solutions. In total, Golden Gateway Financial can now offer reverse mortgage information, tools, and products to over one million credit union members nationwide.

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