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As far as mortgages, credit unions are just mortgage brokers & servicers. As soon as they make the loan they sell it to FNMA or FreddieMac.

I cannot speak for other credit unions, but DCU does not always sell their mortgages, and even for those that they do, they tend to retain the servicing.

I had a mortgage with them back in 1987 (caught the interest rates at the bottom through dumb luck) that was never sold. I have had 2 other mortgages with them since then including the most recent that we paid off last December, and neither of those were sold.

I'm not sure that it matters if the mortgages are getting sold or not if the servicing remains with them, but thought I would at least point out that my experience has been very different than the picture you are painting.
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