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CU Student Choice adds consolidation grad program loans

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WASHINGTON (11/5/10)--Credit Union Student Choice will begin offering private consolidation and graduate business loan programs to all its credit union clients in 2011, according to a company announcement. The private consolidation loan will allow college graduates to consolidate multiple private student loans into a single loan. Scott Patterson, executive vice president, said the surge in private student lending activity in the last decade creates significant opportunity for this market. The graduate business loan will be available to students attending an approved business school and will be structured similar to undergraduate loans. Credit Union Student Choice is a turnkey private student lending service serving more than 165 credit unions nationwide. Participating credit unions make school-certified private student loans that are held on their own balance sheets.

Jack Henry offers security monitoring for Episys CUs

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MONETT, Mo. (11/5/10)--Jack Henry & Associates Inc. has announced that its Gladiator Enterprise Security Monitoring (ESM) solution is available to credit unions using the Episys core system. Gladiator ESM offers an additional security layer to help credit unions respond to regulatory mandates for guarding against information security threats, including identity theft, according to a Jack Henry release. The Gladiator solution also expands information security monitoring and reporting capabilities to include the Episys system and IBM pSeries AIX host systems used by Symitar’s in-house and EASE clients. Gladiator ESM is fully automated, integrated with the core system and supported with continuous monitoring, said the company. It provides immediate response to security threats and supports compliance with mandates through real-time monitoring, immediate notification, and comprehensive reporting on key events in core software systems. Gladiator ESM is provided by Gladiator Technology, a managed security services provider that exclusively serves financial institutions. Gladiator Technology is part of Jack Henry’s ProfitStars division.