Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Automated auto-loan participation product released
DENVER (7/31/09)--Access Capital Investment Group (ACIG) has released AXS/RDS, an auto-loan participation product for credit unions. The system will allow credit unions of all asset sizes to access and manage loan participations offered by other institutions. ACIG created the product last year when it structured an $80 million loan-participation transaction between Security Service FCU (SSFCU), San Antonio, and three purchasing credit unions. Lewis Cohen, vice president of finance at American Airlines FCU in Dallas--one of the purchasing credit unions--said the transaction was simple and provided the credit union access to SSFCU’s portfolio. SSFCU is a premier auto-lending credit union, Cohen added. The Denver-based ACIG specializes in creating secondary-market opportunities for credit unions and other middle-market financial institutions.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
7 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
8 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
10 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
12 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
12 hours ago