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CUMAnet responds to credit crisis with Loan Health Check-Up

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BASKING RIDGE, N.J. (1/28/08)--CUMAnet, a credit union mortgage alliance, has launched “Loan Health Check-Up” for member credit unions in response to the consumer credit crisis. The free service provides credit unions with a solution that allows their members to speak with a home finance consultant who will help them determine the health of their existing or prospective debts. The consultant will review and compare their debt situation to ensure the member is getting the best rates and terms available; ensure that the member is aware of all terms and conditions; help the member find new ways to save; and answer questions about loans. “CUMAnet’s support takes the load off our busy loan department,” said Chris Langley, CEO of Eastern New York FCU, Napanoch, N.Y., which recently deployed the program. “The program is helping to alleviate member concerns about their existing credit obligations and it opens a dialog to offer them other products and services,” Langley added. CUMAnet is a credit union-owned real estate organization that provides residential mortgage and home equity loan products and related services to credit unions nationwide.

CUDL approves 3 dividend totaling 1.3 million

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RANCHO CUCAMONGA, Calif. (1/28/08)--CUDL’s board of directors approved a 3% dividend on the current share price of $1,000, totaling $1.3 million, for its 83 member credit union shareholders for 2007. The dividend, which equates to $30 per share, is a 50% increase over the 2% dividend paid to shareholders in 2006 and 2005. CUDL also grew its national auto lending network in 2007, signing 127 credit unions and 1,035 dealers. By year-end, CUDL had 660 credit unions participating, representing 20 million members and 9,263 auto dealers. CUDL member credit unions would collectively rank as the seventh-largest auto lender in the country during 2007, said CUDL. Forty percent of loans generated through the CUDL system went to credit union members. CUDL is a credit union service organization that develops applications, training and marketing programs related to indirect lending for credit unions.

FSCC CEO joins KioskCom advisory board

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SAN DIMAS, Calif. and TRUMBULL, Conn. (1/28/08)--Financial Service Centers Cooperative Inc. (FSCC) President/CEO Sarah Canepa Bang will serve on the board of advisors for KioskCom Self Service Expo, announced FSCC and the expo. The board of advisors focuses on educational sessions, features and programs for the expo and Digital Signage Show. The expo is a bi-annual event that provides a medium for people who work in self-service technology and interactive digital media, including kiosks, digital signage, self-checkout and self-service technologies. The Digital Signage Show will run alongside the expo. The expo and show are scheduled for April 16-17 in Las Vegas. FSCC is a credit union shared branch network with 5,000 deposit-taking locations nationwide and in five countries.

Branch placement is topic of IBT Enterprises webinar

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NORCROSS, Ga. (1/28/08)--Credit unions can learn how to choose the best location for new branches at a free IBT Enterprises webinar Thursday. IBT is a CUNA Strategic Services provider. The webinar, “The Art and Science of Branch Placement,” will be held at 1 p.m. CST. Attendees will learn:
* The process, and tools and resources available that lead to better planned and placed branches; * How demographics, trade area analyses and competitive information are best used; * The evaluation and matching of site characteristics, available facility options and formats to meet the needs of intended members; * Identification and evaluation of placement and branch considerations important to particular segments, such as the underserved.
For more information, use the links.

Chicago to be site of FSCC Retail Delivery Convention

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SAN DIMAS, Calif. (1/28/08)--Financial Service Centers Cooperative Inc. (FSCC) will host the 2008 Credit Union Retail Delivery Convention at the Renaissance Chicago Hotel in Chicago June 11-13. The theme of the convention will be “Reshaping the Playing Field Through Innovative Solutions.” Credit unions have the power to expand and strengthen the credit union movement through retail delivery channels, according to FSCC. Sessions topics include retail marketing, technological advancements, call center optimization, branch expansion, retail strategies, regulation and innovative solutions. Ann Rhoades, one of five executives to launch JetBlue airlines in February 2000, will deliver the keynote speech. Convention speakers and agendas will be announced next month.