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Products and Services briefs (08/05/2008)

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* SAN DIMAS, Calif. (8/6/08)--Financial Service Centers Cooperative has added the Massachusetts Institute of Technology (MIT) FCU, Cambridge, Mass., and U.S. Senate FCU, Alexandria, Va., to the Shared Branching Network. MIT FCU has $231 million in assets, and U.S. Senate FCU has $405 million in assets ... * LAKEWOOD, Colo. (8/6/08)--Credit Union Service Network announced several new credit unions and locations added to its shared branching. Ent FCU, Colorado Springs, Colo., added three new branch locations in July as service centers. Security Service FCU, Denver, opened three locations in Denver and Littleton, Colo. as service centers. Public Service CU, Denver, opened a new office in Aurora, Colo. U.S. New Mexico FCU, Albuquerque, N.M., has joined shared branching, and Guadalupe CU, Sante Fe, N.M., opened a new branch in Sante Fe as a service center. Midland CU, Urbandale, Iowa, joined the network, and Tradesman Community CU, Des Moines, Iowa, opened a new location in Des Moines ... * ALBANY, N.Y. (8/6/08)--Covera Card Solutions announced that Crouse FCU, Syracuse, N.Y.; North Rockland Educational FCU, Stony Point, N.Y.; and UMICO FCU, Utica, N.Y., have signed contracts to participate in Covera’s FlexDebit program, which combines debit and credit programs. “By dealing with only one processor instead of two, credit unions will find it easier to streamline their debit card operations,” said Kimberly McCumber-Ploof, Covera vice president ...

CU Business Group has record-breaking second quarter

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PORTLAND, Ore. (8/6/08)--CU Business Group signed on 19 new credit unions and reviewed more than 215 business loans during a record-breaking second quarter. In May, the credit union service organization (CUSO) added 13 new credit unions and reached more than $1 billion in loan packages. CU Business Group gained another 81 packages in June. “Much of this increase is due to an expanded presence in the southern U.S. with the addition of Southwest Corporate as one of our corporate owners,” said Larry Middleman, CU Business Group president/CEO. The CUSO serves 277 credit unions in 34 states.