Consumers Credit Union Welcomes David Pendley as New Vice President of Mortgage Lending
Kalamazoo, MICH — Consumers Credit Union is pleased to announce the addition of David Pendley as the new vice president of mortgage lending at the credit union.
Pendley brings more than 35 years of mortgage experience to Consumers with a desire to mix prudent lending and strong growth with above excellent member service.
“Our team is leading the way in home sales and realtor partnerships,” said Chief Lending Officer Steve Owens. “Pendley’s servant leadership with sales success will be a boost to members and our community.”
Pendley started his journey in mortgage origination as a mortgage loan officer before founding his own mortgage banking firm in Illinois, which he ran for over 23 years. He eventually sold the business and joined the credit union space in 2018.
“Mortgage origination has been my life’s work,” Pendley said. “Credit unions have a core value of serving people. Being able to serve our members on one of the most important purchases in their life is so fulfilling. I’m thrilled to join Consumers’ team of mortgage professionals.”
Mortgage lending has grown significantly at Consumers with double-digit increases in each of the past eight years. Loan originations are up nearly 100% year-over-year amidst the current wave of refinances. The record growth is accompanied by fast service, as nearly all loans originated in 2020 at Consumers have been cleared to close within 30 days.
Pendley replaces long-time mortgage leader John Murphy, who is retiring from Consumers with plans to do independent consulting work.