Wescom Buys Mortgage Lender

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Wescom Credit Union has agreed to acquire Rancho Cucamonga-based CU West Mortgage Inc. for an undisclosed amount, Wescom said Friday in a release.


The Pasadena-based credit union said that the newly acquired CU West will be merged with CUSO Mortgage Inc., an Anaheim-based mortgage lender which Wescom acquired early last year.


Wescom also said that all 11 CU West employees, including Chief Executive Mark Hiatt, will remain with the company and relocate to Wescom’s operations center in Anaheim.


“By joining forces with CUSO Mortgage, we will be better able to serve new and existing clients and strengthen the important business of assisting credit unions nationwide with mortgage originations,” Hiatt said.

Combined with CUSO Mortgage, Wescom and its subsidiaries serve more than 130 credit unions.

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