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Enterprise Car Sales offers 500 more on trade-ins

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ST. LOUIS (5/22/08)--Enterprise Car Sales is offering Kelley Blue Book trade-in value plus $500 for members’ and employees’ current vehicles during the month of July. Enterprise specializes in working with credit unions of all sizes to increase auto loan volume. The special incentive is designed to expand opportunities for credit unions to make auto loans by stimulating interest in used-car purchases. In addition to the extra $500 trade-in value, Enterprise has late-model used vehicles priced below Kelley Blue Book, a consumer pricing book for used vehicles. “This program could make a significant difference for individuals with credit challenges by helping to put more equity into the deal,” said Brooke Gilchrist, national marketing manager for Enterprise. Credit unions are guaranteed 100% of used-car loans when they refer a member to Enterprise. Various print promotional materials are available to any credit union from Enterprise, Gilchrist added. Enterprise ensures every vehicle undergoes a 109-point inspection by a certified technician and offers a seven-day repurchase policy if members change their minds about the purchase.

Products and Services briefs (05/21/2008)

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* RANCHO CUCAMONGA, Calif. (5/22/08)--C-U First, a credit union-owned and operated workers’ compensation insurance company, reported that an overage of more than 30% has been distributed from the program’s first year of operation. About 17% more is available for future returns. C-U First returned about $700,000 to its policyholders with an estimated $375,000 in future distributions to be declared from the 2004 policy year alone. Premiums also have decreased 45%, which represents more than $1 million from 2004 to 2008 for members. AltaOne FCU, Ridgecrest, Calif.; American First CU, La Habra, Calif.; Burbank (Calif.) City FCU; Christian Community CU, San Dimas, Calif.; CoastHills FCU, Lompoc, Calif.; First Financial CU, West Covina, Calif.; Fresno County FCU, Fresno, Calif.; LBS CU, Long Beach, Calif.; Orange County’s CU, Santa Ana, Calif.; and Pacific Marine CU, Camp Pendleton, Calif., along with the California and Nevada Credit Union Leagues, are participating in the program ... * PORTLAND, Ore. (5/22/08)--CU Business Group recently signed Houston (Texas) FCU as its 250th credit union and has reviewed more than $1 billion in member business loans. “Credit unions are receiving more and more business loan requests as credit markets tighten,” said CU Business Group President/CEO Larry Middleman. “This presents increased opportunities for credit unions, which bodes extremely well for their potential growth and profitability. Credit unions are seeing a wide variety of loan requests, including commercial real estate, equipment loans, lines of credit and business credit cards.” Houston FCU has more than $300 million in assets ... * GLASTONBURY, Conn. (5/22/08)--Open Solutions Inc. was awarded “Best in Category” for 2008 during the Prepaid Card and CDHC Conference in Las Vegas. The company’s asset retention solutions (ARS) debit card program was recognized in the Best Claim Card Program category. The awards were presented by Paybefore, a provider of information to the prepaid card industry. Open Solutions is a core data processor serving financial institutions including credit unions ...