Heritage Family CU Helps Member Build Credit Score

We have a member who owns his home free and clear.  He always thought that it was a good thing to owe nothing in regards to debt.  Unfortunately, when he came to Heritage Family CU for a loan to purchase a camper we were unable to give him a consumer loan due to the fact that he had no credit score or credit history.  Our FSR directed our member to speak to a mortgage originator with the hopes that we could come up with a creative solution for him.  We used positive LTV, DTI and alternate sources of credit history to present for management approval.  Based on his scenario, I spoke to management and we were able to help this member with a HE Loan.  This loan will help him start up a credit rating that will help him in the future.