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CU Members Mortgage announces Elite Partners Club winners

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DALLAS (11/2/12)--CU Members Mortgage has recognized four of its credit union partners for stellar performance in their mortgage departments in 2012.

The achievements were based on CU Members Mortgage's scorecard process for evaluating mortgage departments. The four credit union partners honored for their mortgage lending achievements include:

  • Credit Union of Texas, Dallas--2011/2012 Elite Partner's Club MEI;
  • Fresno (Calif.) County CU--Club MEII;
  • Eli Lilly FCU, Indianapolis--Club MEIII; and
  • Security Service FCU, San Antonio--Club MEIV.
Other honors included:

  • Eli Lilly FCU--The club's Club Overall Highest Achieving Credit Union;
  • League of Southeastern Credit Unions--The club's Top League Partner; and
  • Texas Credit Union League--The club's Marketing Achievement award.
The achievements were based on CU Members Mortgage's scorecard process for evaluating mortgage departments. The scorecard takes into account factors such as the ratio of purchased home loans to refinanced, average borrower FICO scores, a low percentage of early payoffs, and a scant default ratio. Also, credit unions score points for innovative marketing initiatives and attending educational training sessions.

CU Direct Connect named as AutoNation preferred lender

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CENTENNIAL, Colo. (11/2/12)--CU Direct Connect LLC, a credit union service organization, has signed an agreement with AutoNation Inc. that names CU Direct Connect as a preferred lender for all AutoNation dealerships in Colorado.

CU Direct Connect, through its 34 member credit unions, is collectively the largest auto lender in Colorado while AutoNation, with its 17 Go dealerships, is the largest volume auto dealer in the state.

"It makes sense for the Colorado automotive market's largest lender group and largest dealer group to cooperate for mutual growth and benefit," said Tom Helmers, CU Direct Connect chief operating officer. "We've enjoyed a positive relationship for many years, and this new preferred lender agreement will help us move that relationship to an even higher level going forward."

The parties expect the agreement to lead to mutually beneficial increases in automotive loan and lease volume and revenues, the companies said. Through three quarters in 2012, CU Direct Connect has experienced a 43% increase year over year in loan volume and a 67% increase in lease volume.