TAMPA, Fla., and COSTA Mesa, Calif. (3/16/12)--Tampa, Fla.-based GTE FCU increased lending activity by an average of 83% during the last six months of 2011 by enabling both non-members and members to apply for loans online.
The $1.45 billion asset credit union began using a loan origination platform from Meridian Link, Costa Mesa, Calif., in April 2011 for all loan products except mortgages and home equity line of credit (HELOC) loans.
The platform also handles processing for both branch and indirect lending at GTE FCU.
A Meridian Link release stated the new capabilities help GTE FCU implement its strategy of targeting a broader geographic area by enabling consumers to apply for a loan 24/7 from their home or office.
GTE FCU has also used the platform to improve cross sales to new members. Applications for membership are integrated with live credit data by the loan system to qualify applicants for additional financial products and automatically generate offers.
WARRENVILLE, Ill. and LENEXA, Kan. (3/16/12)--Alloya Corporate FCU will provide technology services to corporate credit union service organization Core Network Processing (CNP) LLC, in an agreement announced Wednesday.
CNP was organized to provide core data processing services and a secure Internet portal to eight corporate credit unions. CNP also helps credit unions perform cash management functions.
When the National Credit Union Administration announced that U.S. Central Bridge would wind down operations, CNP issued a bid request for a new service provider to replace support from U.S. Central Bridge. Alloya was the successful bidder over third parties outside the credit union system.
"Over the past few years, U.S. Central has provided CNP with exceptional service and support," said Teresa Brent, CNP managing director. "In Alloya, we have found a partner that has the technology expertise to ensure a seamless transition for CNP and ultimately the credit unions that use the system."
COLUMBIA, S.C. (3/16/12)--Registration is open for the Southeast CUNA Management School, scheduled for June 8-15.
The school is co-hosted by the University of Georgia in Athens and the credit union associations representing Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Virginia credit unions.
The Southeast CUNA Management School has for forty years included faculty from the University of Georgia's Terry College of Business and the credit union industry. The school's faculty for 2012 includes Credit Union National Association President/CEO Bill Cheney.
Prospective students must be full-time employees of a league- and CUNA-affiliated credit union and have either management or supervisory responsibility. Enrollment is limited to 45 first-year students on a first-come, first-served basis. Scholarships are available through the host states' leagues for their member institutions.
The school curriculum is delivered in three annual stages, with students in residence for eight days of summer course work each year. Between annual sessions, students apply new knowledge to projects that require strategic analysis of their credit unions and research of relevant industry issues. Once enrolled in the first year, students must complete the three-year series within five calendar years.