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Products and Services briefs (11/30/2007)
* LAPLACE, La. (12/3/07)--Louisiana FCU was honored by PHH Mortgage with the “Best of the Best” award. The award recognizes the top 25% of PHH Mortgage’s clients, based on loan quality and commitment to customer service. The credit unions who earn the distinction receive a reduction in fees and preferred client access for quicker responses to their members, benefits and rewards. Louisiana FCU serves more than 20,000 members in the River Parishes and Tangipahoa Parish area … * SUNNYVALE, Calif. (12/3/07)--NetApp announced that it has more than 1,000 systems enabled with deduplication. The systems represent more than 30 petabytes of storage capacity, and NetApp’s deduplication technology aims to eliminate the storage of redundant data. One of NetApp’s customers is Virginia CU of Richmond, Va. The credit union deployed NetApp to complement its VMware environment. The solution helps the credit union with disaster recovery and improves data storage management … * AUSTIN, Texas (12/3/07)--Gila Corp. has signed a collections outsourcing agreement to expand its current service offering with Bay Gulf CU. Under the agreement, Gila will handle the collection of all delinquent loans and negative share draft accounts beginning with accounts classified as early as five days delinquent until charged off by management of the credit union. Accounts under 60 days delinquent will be worked on Gila’s I3 Dialer to help control delinquency levels. Gila Group staff will “act as defacto employees of the credit union,” said Patrick J. Swanick, Gila Corp. CEO. Gila Corp. is a provider of outsourced revenue-recovery products and services. Bay Gulf CU is headquartered in Tampa, Fla. … * FARMERS BRANCH, Texas (12/3/07)--AMOCO FCU, Texas City, and San Jacinto Area CU, Pasadena, have signed onto TNB Card Services to manage their credit and debit card processing. AMOCO has been a TNB client for 30 years, and its personal identification number (PIN) debit conversion will be completed early next year. The conversion will streamline AMOCO’s card processing. San Jacinto will consolidate all of its credit and debit card processing with TNB and will transfer card accounts from its current platform to TNB … * ST. PETERSBURG, Fla. (12/3/07)--PSCU Financial Services has launched ProjectNewAge.com, a website for credit unions to learn how to market to Gen Y. The site is a part of the cooperative’s New Age Program, which is designed to earn the interest and loyalty of young adults. Instruction on how Gen Y uses blogs and other social media is provided. “Studies indicate that in 10 years, Gen Y’s spending power will represent a larger opportunity than the Baby Boomers. Since these young adults develop brand and corporate affinities at a very early age, credit unions need to act now to develop long-term financial relationships,” said David J. Servo, president/CEO of PSCU …


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