VISTA, Calif. (11/22/10)--In an effort to maintain the continuity of payment services to credit unions and their members, Bluepoint Solutions has announced the availability of a transition program for natural person credit unions that have branch capture software licenses purchased through Western Bridge Corporate CU and Southwest Corporate FCU. More than 1,000 credit unions are running Bluepoint’s branch capture solution through WesCorp and Southwest. The Vista, Calif.-based provider of remote deposit capture, item processing and enterprise content management solutions will honor existing licenses. It also is offering a complimentary upgrade to the most recent version of its ImagePoint Branch application when a credit union initiates a direct support contract with Bluepoint. “The goal of the program is to allow these credit unions to continue using our solution that they know and trust without having to retrain their employees or make an additional financial investment,” said Hal Tilbury, Bluepoint’s CEO and founder. “We are taking the lead from the National Credit Union Administration (NCUA) Corporate Resolution Plan and doing whatever we can to guarantee the continuity of payment services to credit unions and members. This is one way we can demonstrate our long-term commitment to the credit union movement.” NCUA has implemented a “Good Bank/Bad Bank” model to facilitate the corporate resolution process. Bridge corporate credit unions (“good banks”) are chartered by the NCUA Board to purchase and assume “good” assets and member share deposits from the conserved corporate credit unions (“bad banks”) (Credit Union magazine Nov. 15). The NCUA has previously stated that payments and settlement activities will be the focus of the bridge corporates. Credit unions currently using branch capture solutions purchased from a corporate credit union can immediately transfer those licenses to Bluepoint with no service interruption or additional cost, Tilbury said.
ENGLEWOOD, Colo. (11/22/10)--A new service from Aimbridge will allow credit union members to access auto loan pre-approvals remotely from auto dealerships and through the Web. Aimbridge, a provider of auto buying and lending software, said the service will make it faster for members to get their loans approved and funded. It also will make pre-approvals more accessible to credit union members, helping credit unions and credit unions service organizations (CUSOs) capture up to 70 % of their member auto loans, according to Aimbridge. “The ability to provide dealers with access to loan pre-approvals when members need to make purchases will provide a better overall lending experience,” said David Lindsey, president of Aimbridge. “It’s a win for our dealer partners, members and our CUSO and credit union clients.” Member auto loan pre-approvals will be automatically accessible in the DealerTrack, RouteOne and AppLine dealer applications portals, and online through WhereMembersBuy.com. The offering is part of a suite of services Aimbridge provides, including indirect lending, indirect leasing, after-hours underwriting and online auto shopping.