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News Now

CU System
Excellence in Lending awards announced
LAS VEGAS (10/19/10)--CUNA Mutual Group’s Excellence in Lending Awards were presented to three credit unions at the CUNA Lending Council conference in Las Vegas. The 11th annual awards recognized:
Click to view larger image Winners of CUNA Mutual’s Excellence in Lending Awards were recognized Monday at the 16th Annual CUNA Lending Council conference in Las Vegas. Front row, from left: Jeff Lewis and Jim Craft, Oregon Community CU, Eugene, Ore., Consumer Lending, more than $250 million in assets; Carol Brinchi and Denise Kaczmareck of Erie (Pa.) FCU, Consumer Lending, more than $250 million in assets; Robert Morgan, NorthCountry FCU, South Burlington, Vt., Low/Modest Means credit unions. Back row: Dan Kaiser, vice president, CUNA Mutual Group; and Aaron Bresko, vice president, BECU, Seattle, Lending Council chairman. (Photo provided by CUNA Mutual)
* Oregon Community CU (OCCU), Eugene, Ore., for consumer lending among credit unions with more than $250 million in assets. OCCU developed “360” Training to remove “fear of sales” and teach employees to align members’ needs with products and services. The credit union also established a loan-phone branch to channel member calls to experts. By mid-2010, the loan-phone branch had achieved 137% of its annualized goal. * Erie (Pa.) FCU, for consumer lending among credit unions with more than $250 million in assets. Erie FCU followed its strategic planning blueprint for expense management, building business relationships with car dealers and growing lending and member service programs. Erie made 3,400 car loans in 2009 to become Erie County’s top vehicle lender. The credit union also expanded a Merchant Direct Loan program for small businesses to increase the program’s loan portfolio by 22.7%. * NorthCountry FCU, South Burlington, Vt., for credit unions with low/modest means. NorthCountry created the Employer Sponsored Income Advance Program so members can apply for emergency loans of up to $1,500 through their employer’s human resources department. Participating companies pay an annual fee that is usually less than $500. The credit union has made 389 emergency loans totaling $400,000 since July 2007 while writing off $8,500. More than one-third of borrowers continue payroll deductions to savings after the loan is repaid.
Excellence in Lending Awards recognize credit unions that have implemented outstanding lending programs while demonstrating sound financial performance.


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