Banking as usual.
We have answers to your questions about NASB’s recent business update. NASB remains open and will continue to offer competitive banking products and residential lending services.
Expect the same friendly service and NASB products.
Over the last year, a large portion of the mortgage industry has been adversely affected by high interest rates and low levels of home loan inventory. Last month, we restructured our mortgage lending operations to better adapt to these market conditions. Mortgage lending is still an important relationship product, but we made the decision to exit consumer direct lending to allow us to focus on what we do best – provide our local customers with an exceptional banking experience. We will continue to offer the same great banking and mortgage products to our customers. In fact, NASB is proud to be able to offer competitive rates for high-yield savings and CD accounts that are especially helpful in an economy where every penny counts.
Your questions, answered.
Are you going out of business?
No. We recently made changes to exit some areas of the mortgage business, but we are still here to offer you the same exceptional banking and mortgage products to our customers.
Do I have to go to another location?
No, you do not. Our 10 branch locations are still here, as well as our online and mobile banking offerings.
Why are you making the changes?
That's a great question. Because interest rates will remain high for a while and housing inventory is low leading to less home loan demand, we made the business decision to exit consumer direct lending. This will allow us to focus on what we do best – which is to provide a great banking experience.
What does this mean for me now?
There is no action necessary from you, just continue to use the same NASB accounts and services you use today. This includes checking accounts and debit cards, online and mobile banking, and NASB ATMs.
Looking for a place to protect your funds during the fluctuating stock market and uncertain economy? Check out our nationally competitive savings and CD rates.
What does this mean for my NASB mortgage?
You don't need to change a thing. Your loan number and the terms of your loan will stay the same.
Manage your loan the way you do now. Continue using Online Banking to view statements and make payments.