WICHITA, Kan. (1/30/12)--Corporate credit union Tricorp FCU, Westbrook, Maine, has entered into an agreement with LendingTools.com (LT), a third-party provider of correspondent financial solutions, to deploy LT's Private Correspondent Gateway to member credit unions.
The partnership continues a trend of corporate credit unions looking to LT to provide a replacement to U.S. Central Bridge's APEX automated clearinghouse platform (ACH), said the new partners. LT provides ACH and other transaction, reporting and settlement technology services to correspondent institutions.
"We serve a very specialized market that few vendors understand," said Steve Roy, Tricorp FCU president/CEO of. "LT not only understands our unique needs, it has the vast experience and specialized technology required to help us provide quality financial services to our member credit unions."
Roy also said LT can integrate biometric authentication into its secure platform, to provide security for member credit unions.
Tricorp also can offer member credit unions branded cash management systems to select employee groups (SEGs) through the partnership with LT. Credit unions can provide their SEGs with ACH services that integrate into Tricorp's Private Correspondent Gateway for processing.
CHATSWORTH, Calif. (1/30/12)--As part of its 2012 Sweepstakes, Autoland Inc., a credit union auto buying service, will select one credit union member each month throughout the year to win one month's car payment (up to $450).
"Each year, we develop a promotion that provides value both to our credit union partners and their members," said Jeff Martin, Autoland president. "As credit union auto lending returns to normal levels, this sweepstakes will generate excitement among members, drive direct loans to our partners and raise awareness of Autoland and the services we provide."
Members can enter the Sweepstakes online through participating partner credit union websites, by mail or directly at www.autoland.com. Car payment winners will be announced monthly.
More than 200 partner credit unions participated in last year's Autoland Sweepstakes, which featured prizes of 12 $500 gift cards.
The sweepstakes runs through Dec. 31 and is open to all legal residents of the U.S. and Washington D.C. (except residents of Florida, New York, Puerto Rico, and all U.S. territories and possessions) who are 18 years of age or older at time of entry and a member of an Autoland participating credit union at time of entry.
LAKEWOOD, Colo. (1/30/12)--CU Service Network (CUSN), a shared branching network, reached a milestone during the fourth quarter of 2011 when it closed 24 partnerships in nine states. That included every state in which there are CUSN credit unions: Arizona, Colorado, Idaho, Iowa, Nebraska, New Mexico, Oregon, Texas and Wyoming.
In addition to shared branching, CUSN offers ancillary products such as mobile banking, remote deposit capture, disaster recovery, online membership applications, self-service kiosks and call-center services.