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CUNA Mutual sells IRA Services division to Ascensus

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MADISON, Wis. (7/2/09)--CUNA Mutual Group Wednesday signed a letter of intent to sell its IRA Services division to Ascensus, a retirement services firm based in Dresher, Pa. The sale, expected to close July 31, is part of CUNA Mutual’s overall corporate strategy to simplify its business and focus on its core insurance business and products, the company said in a release. The 47 employees of the IRA Services division will become Ascensus associates when the sale closes. They will continue to work from the same location in Middleton, Wis. CUNA Mutual acquired the IRA Services business from CUNA & Affiliates in 1999. CUNA Mutual Group provides financial services to credit unions and their members nationwide. Ascensus provides solutions for the retirement marketplace and is a division of Crump Group, Inc., a U.S. wholesale insurance distributor.

TransUnion announces new auto financing solutions

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CHICAGO (7/2/09)--TransUnion has announced the availability of Auto Summary and APR Estimator, which aim to help finance managers, captive lenders and credit union managers streamline the auto financing process. The solutions serve as add-ons to online credit reports, according to TransUnion. They can provide information on recent auto trades; summarize auto payment data, delinquencies and balances; and estimate the consumers’ annual percentage rate on existing auto loans through an online credit report. The information can then help identify the type of vehicle and finance options that fit the consumers’ capacity to pay. The tools also aim to help lenders improve underwriting, enhance portfolio reviews and analyze lost sales to refine future program offers and pricing. TransUnion is a credit and information management solutions provider based in Fullerton, Calif.