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Federation offers financial environment webinar series

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New York (2/11/13)--The National Federation of Community Development Credit Unions, in partnership with Thompson Consulting and Training (TCT), is sponsoring a series of webinars for community development credit unions on the current financial environment.

The federation and TCT will present an overview of the series at 3 p.m. ET Feb. 20.

Topics of webinars in the series include:

  • Expanding loan portfolios to maximize loan profitability;
  • Managing interest-rate margin to achieve profit objectives;
  • Effective loan management; and
  • Accurate and empirical allowance for loan losses placement.
Webinars are for credit unions of all sizes.

For more information, use the link.

Xtend relocates to new HQ

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GRAND RAPIDS, Mich. (2/11/13)--Xtend Inc., a Grand Rapids, Mich.-based credit union service organization, has relocated its staff to a new corporate headquarters. 

The CUSO now occupies a 2,000 square-foot suite on the second floor of the building that also serves as the corporate headquarters of Xtend's CUSO partner, CU*Answers Inc.

"This is another milestone event in the history of our company," said Scott Collins, Xtend president. "The significant growth that our company experienced over the past several years meant that we were pushing the limits of our existing floor plan sooner than we had expected."

The build-out of the new space was completed in less than three months, and the Xtend team was relocated the weekend of Feb. 2-3. 

Xtend also announced that sales for the first quarter were slightly ahead of projection. The results were fueled by increasing demand for its back office, compliance monitoring and contact-center brands.  

"Coming off a record performance during our 2012 fiscal campaign, we were cautiously optimistic about getting out of the gate fast in 2013," said Collins. "To be ahead of budget on both the sales and expense side of the ledger puts us in a solid position as we track toward mid-year, and we couldn't be happier."