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SIU Credit Union

PO Box 2888, Carbondale, Illinois, United States, 62902-2888

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SIUCU is the entity that the buyer for our house chose for their home loan. The contract on the home began June 14th and was supposed to end July 31st. But SIUCU did not close on July 31st and offered no explanation. When the buyer communicated with SIUCU the week of August 14th they stated that they were prepared to close on September 30th. When the buyer complained, they said they pulled the loan from their third party provider, and that they would process the loan internally. They have been unwilling to provide a new closing date and are only answering vaguely when asked.

SIU Credit Union Response • Aug 20, 2020

Naturally we're sorry for the
delay, but a couple of things attributed to it. The sales contract was
received 8 days after final acceptance, everything is slower due to covid, and
the extreme boom the industry is experiencing due to interest rates being so
low. It has bogged down every service from the appraisal, to the verifications, and the
title work.She had asked initially for an
extension to 8/18/20 once the contract was received and was granted but the
buyers need to sell their current home in order to purchase the next. Their
sale has also been delayed and currently tentatively set for the 20th. We are doing our best to close
by the 25th but the 28th may be more likely due to
disclosure time line compliance.

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Address: PO Box 2888, Carbondale, Illinois, United States, 62902-2888

Phone:

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Fax:

+1 (618) 529-2802
+1 (618) 457-6999
+1 (618) 998-8437
+1 (618) 988-1697
+1 (618) 252-6299

Web:

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