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Products Archive

Products

CU car-buying service sold to Max Media

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PALM HARBOR, Fla. (2/14/11)--Max Media Group Inc. has closed its acquisition of Members Autolink, a car-buying service that works with eight Tampa Bay-area credit unions. The credit unions served by Members Autolink include Achieva CU, City County CU, Service 1st CU, Tampa Bay FCU, Service 1st CU, Tampa Postal CU, Florida West Coast CU, Pinellas CU, West Coast Federal Employees CU. Max Media provides revenue-generating content to social-based online community markets, including www.hotautoweb.com. The company also owns the Maximum Motoring Radio Show. In business since 2005, Members Autolink seeks to simplify the car-buying experience for credit union members by providing favorable purchase terms while providing credit unions with the opportunity to finance the purchase. Credit union members can locate, purchase, finance and insure their vehicle while the credit union oversees the process.

CUBG kicks off 2011 with 35th CU

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PORTLAND, Ore. (2/14/11)--Business services credit union service organization (CUSO) CU Business Group (CUBG) began 2011 by adding its 350th credit union client, Dover FCU of Dover, Del. Dover FCU is also CUBG’s first credit union client in Delaware. CUBG now serves credit unions in 41 states. In January, CUBG added six credit union clients, bringing the company’s client total to 353. In 2010 the organization signed 28 new credit unions. President/CEO Larry Middleman attributed much of CUBG’s growth to the addition of new products and services in 2010. The CUSO began offering remote-deposit capture and automated clearinghouse (ACH) origination solutions for businesses last year, and launched a full-service Small Business Administration lending program. The organization has seen a rise in demand for third-party reviews of member business lending programs and portfolios, Middleton said. CUBG performed 36 specialty consulting projects in 2010. Demand has also grown for training, Middleton said. In addition to its regular webinars and regional training sessions, CUBG now offers courses for credit union boards and business loan committees and custom training for credit union business services staff.