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CU Resources collaborates on student loans in Texas

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DALLAS, Texas (11/17/10)--Texas parents will get help in determining the best way to pay for their students' higher education through a collaboration between Credit Union Resources Inc. and Credit Union Student Choice. According to Bob Gallman, executive vice president of CU Resources, "private student loans have become a critical education funding component for millions of families" struggling to keep up with skyrocketing college costs. He noted credit unions "have a tremendous opportunity to deliver economic value to borrowers and positive results to their bottom lines." Student Choice is a credit union service organization that helps its client credit unions make school-certified private direct loans to students and families at a local level. It has 160 credit union clients and more than 20,000 loans on the books. Credit Union Resources is an affiliated company of the Texas Credit Union League.

CUNA Mutual IMM team up on digital signatures

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MADISON, Wis (11/17/10)--Users of LOANLINER, CUNA Mutual Group’s online loan application system, can sign documents electronically through a new interface developed by CUNA Mutual and document automation provider Integrated Media Management. With this development, credit union members can complete loan application documents anywhere, any time, according to CUNA Mutual and IMM. The interface will affect about 6,500 credit unions that use LOANLINER documents for member loan applications, including more than 525 credit unions already using loanliner.com. The agreement between CUNA Mutual and IMM allows users of LOANLINER to benefit from IMM’s remote deposit signature capture and secure document delivery solution, TotaleAtlasWeb. The IMM technology provides authentication of members prior to signing. “When used along with CUNA Mutual’s loanliner.com, this interface provides real-time delivery of compliant documents and an efficient and secure method of electronically signing documents,” said Dan Murray, CUNA Mutual vice president. “The IMM-CUNA Mutual partnership will greatly benefit credit unions by providing a seamless, hands-off approach to documents created with LOANLINER and then completed in-branch or remotely via the Web using IMM solutions,” added Chuck Klein, CEO of IMM. More than three million loan applications have been filed through loanliner.com in the past five years.

CUSO site offers free auto loan marketing materials

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LENEXA, Kan. (11/17/10)--Beyond Marketing LLC, a full-service marketing credit union service organization, is offering free auto loan promotional materials online. Beyond Marketing established the BFree website for credit unions to access free quarterly promotional materials at www.beyondmarketingllc.com/bready/bfree/ earlier this year. This quarter’s auto loan marketing materials include print items, Web banner ads, in-branch lobby screens and ATM screens. No-charge, ready-to-use promotional downloads for mortgage loans and the benefits of joining a credit union also remain available online. “Industry-wide, credit unions experienced a 4.99% decline for auto loans in 2010 year-to-date versus 2009, predominantly in new vehicle loans,” said Curtis Hays, director of strategy for Beyond Marketing. “To help credit unions recapture lost market share, Beyond Marketing determined to offer the free auto loan promotion materials for fourth quarter 2010.” Downloading the materials is simple, using the following steps.
* Visit http://www.beyondmarketingllc.com/bready/bfree/. * Select the “Download Theme” button and the materials will be available for download. The download will take five minutes or less. * Save files to provide to a commercial printer or art director for quality local production.