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Texas Dow Employees Credit Union (TDECU) is a credit union based in Lake Jackson, Texas, with 38 service locations, including 34 member centers. TDECU is the largest Houston-area credit union, and fourth largest in the state of Texas, [ 2 ] with over 372,000 members and assets of $4.7 billion as of April 2022. [ 1 ]
In 2006, the company was second only to HSBC Finance in issuing subprime mortgages, [3] making $51.6 billion in subprime loans. [7] Subprime mortgage loans are made to borrowers with limited or bad credit history. With a higher rate of default than prime loans, subprime mortgage loans are priced based on the risk assumed by the lender.
“I’m honored to assume the TDECU Board Chairmanship role and have enjoyed working with the organization during my 17 years as a Board Director,” said Hendricks. “Speaking on behalf of the Board, I appreciate the transformation, innovation and growth mindset that Mr. Sikora brought to TDECU and look forward to leading the organization to ...
According to the National Mortgage News, Prospect ranked 27th among residential funders nationwide in 2012, with an estimated volume of $8.42 billion in loans. [12] In 2013, Prospect Mortgage loan officers accounted for 7 of the top 100 and 10 of the top 200 mortgage originators in America in 2013 according to Mortgage Executive Magazine. [13]
Timothy Norris Belden (born 1967) is the former head of trading in Enron Energy Services. He is considered the mastermind of Enron's scheme to drive up California's energy prices, by developing many of the trading strategies that resulted in the California electricity crisis. Belden pleaded guilty to one count of conspiracy to commit wire fraud ...
Timothy Riddiough is an American researcher and academic. He is the James A. Graaskamp Chair and the Chair of the department of real estate and urban land economics at University of Wisconsin–Madison .
Reports surfaced on July 7, 2014, that Texas Dow Employees Credit Union (TDECU) had purchased the naming rights to the stadium. [31] TDECU is the largest credit union in the Houston area. On July 8, 2014, the University of Houston held a joint press conference with TDECU to formally announce the partnership.
Rock Financial was founded as a mortgage broker in 1985 by Dan Gilbert, Ron Berman, Lindsay Gross, and Gary Gilbert. [8] [9] [10] The company became a mortgage lender in 1988, and in May 1998 became publicly traded, launching an IPO. [11] In the late 1990s, the company shifted from a traditional mortgage provider to an online-focused lender.