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CU Realty CUSO reaches 3.7 million in member rebates

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HERNDON, Va. (6/4/08)--CU Realty distributed more than $3.7 million in cash rebates to members, the credit union service organization (CUSO) announced at its annual meeting May 22 at Northwest FCU, Herndon, Va.
At CU Realty's 2008 annual meeting in Herndon, Va., are (from left): Juri Valdov, CU Realty chairman; Marty Wye, Congressional FCU; Scott Toler, Credit Union Mortgage Association; Michelle Sandy, managing director, CU Realty; John Ritchey, Apple FCU, Fairfax, Va.
CU Realty announced that 1,037 transactions were made by members who used the service to buy or sell a home. The CUSO also is looking to add West Virginia to the program and form credit union and real estate relationships in that area. “CU Realty is accomplishing what we set out to do: members are getting rebates, credit unions are getting loans, the community is being served and the credit union movement as a whole is flourishing by what we’re doing,” said Juri Valdov, CU Realty chairman and past Credit Union National Association (CUNA) board chair.
Colleen Daly, former president of CU Realty, is presented a board of managers honor by Juri Valdov, chairman of CU Realty during its annual meeting. (Photos provided by CU Realty)
CU Realty was formed in 2005 with 12 chapter credit union partners. The CUSO provides credit union members with free online tools, including unrestricted access to a home listing database that real estate agents use. Credit union partners are: Agriculture FCU, Alexandria, Va.; Apple FCU, Fairfax, Va.; Bank-Fund Staff FCU, Washington, D.C.; Bayport CU, Newport News, Va.; Fairfax County (Va.) FCU; HEW FCU, Alexandria, Va.; Justice FCU, Chantilly, Va.; NASA FCU, Bowie, Md.; Northwest FCU; State Department FCU, Alexandria, Va.; Tower FCU, Annapolis Junction, Md.; and Credit Union Mortgage Association.

Partnership allows CUs to automate insurance quotes loans

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AUSTIN, Texas (6/4/08)--Teres Solutions Inc., a provider of direct and indirect lending software for credit unions, has partnered with insurance and financial services company Allied Solutions to automate insurance application management for credit unions. Allied will integrate its IQQ software with Teres Solutions’ SAIL lending software. The integration will allow credit unions to automatically receive insurance quotes and placements for the loan applications they manage through the SAIL software. “Credit unions understand that automation is the key to succeeding in this hyper-competitive lending market,” said Tim Kelly, Teres Solutions CEO. Allied also announced this week that it has purchased MJB Insurance Services of Kansas City, Mo. MJB provides insurance, and financial products and services to credit unions in Kansas, Missouri and Nebraska. Mike Button, president and owner of MJB, will be a regional vice-president for Allied along with Alan Tenbrink, a producer with MJB. They will help direct marketing efforts in Kansas, Missouri and Nebraska.