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
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
5 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
8 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
9 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
10 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
11 hours ago