Harborstone Credit Union Partners with Security Reverse Mortgage to Provide Reverse Mortgages to Its Members

- Harborstone Credit Union provides a much needed service to its senior members in these difficult times

GIG HARBOR, Wash., March 19 (allCUnews.com) -- Harborstone Credit Union based in Tacoma, Washington has decided to offer reverse mortgage services to its members. Harborstone Credit Union has signed an agreement with Security Reverse Mortgage and will utilize the Security Reverse Credit Union Program(TM) to educate, process and fund reverse mortgage loans for its senior members.

So many seniors today have difficulty paying for day to day living expenses due to inflation and reduction in retirement accounts. A reverse mortgage is an excellent option for their members to increase their monthly cash flow and retire their monthly mortgage payments.

"Harborstone Credit Union is very pleased to add Reverse Mortgages to our list of mortgage loan programs for our membership. Over 25% of our membership initially qualifies for a reverse mortgage. Security Reverse Mortgage has been a very professional firm to deal with. We are excited about our partnership with Security Reverse Mortgage," said Roger Johansen, Sr. Vice President of Lending at Harborstone Credit Union.

"Harborstone Credit Union wanted to make sure their members were being served so they would not need to go to a competitor to obtain a reverse mortgage. Our program will provide a non-competitive solution for forward thinking credit unions like Harborstone by leveraging our economies of scale and protecting their members," said Tane Cabe, President of Gig Harbor, WA-based Security Reverse Mortgage.

About Reverse Mortgage

Reverse mortgages are generally backed by the Department of Housing and Urban Development. The Home Equity Conversion Mortgage or HECM is the safest and most popular reverse mortgage available today.

HECM Reverse Mortgages are available in all 50 states, the District of Columbia and Puerto Rico.

About Harborstone Credit Union

Harborstone Credit Union is a Washington state chartered financial cooperative that's been serving members since 1956. Their total assets are over $550 million and a membership of 50,000. Harborstone Credit Union began as McChord Credit Union on McChord Air Force Base. Since then, they have grown to serve residents that live, work, or worship in the state of Washington, McChord Air Force Base personnel, as well as all retired military.

About Security Reverse Mortgage

Founded in 1997, Gig Harbor, WA -based Security Reverse Mortgage uses unique educational tools to inform seniors about reverse mortgage options. For more information, contact Tane Cabe, President of Security Reverse Mortgage. He can be reached at 3220 Rosedale Street, Suite 200, Gig Harbor, WA. 98335 Phone (253) 853-5805. You can visit the company's website at www.securityreverse.com [1].

SOURCE Security Reverse Mortgage