Northwest Community Credit Union now offering members 100 percent home mortgage loans

Northwest Community Credit Union is stepping up its home lending.
The Springfield-based credit union with two offices in Medford and one in Grants Pass, is now offering loans cover 100 percent of the purchase price of the property.
John Iglesias, president and CEO of Northwest Community said the approach — common before, but rare since the real estate bubble — helps buyers with good credit ratings, but lacking significant down payment. The loans are funded and administered by NWCU and not resold into the secondary market.
Real Estate Lending Manager Russ Bernardo said the credit union takes into consideration long-term repayment histories on other debts


New figures released today by the Bureau of Labor Statistics indicate the western states continued to have the highest regional unemployment rate in February, 7.2 percent, while the South had the lowest rate, 6.1 percent. The South had the only statistically significant over-the-month unemployment rate change, minus 0.1 percent.


Personal income rose 0.3 percent in February, boosted by government assistance. Here’s the report from the Bureau of Economic Analysis.


United is ramping up efforts to attract international travelers. But first you will have to get to San Francisco.



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    Covering the Southern Oregon business and economy since 2001. Read Full
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