The $87 million Carolina Collegiate Federal Credit Union announced this week that it has adopted Calcubot, a Facebook widget that serves as a loan calculator for members and potential members, and as a loan lead generator for credit unions.

The Facebook application is provided by Berkeley, Calif.-based Shastic and Carolina Collegiate said it is the first in the state to offer the app.

"This new app will allow our members to input different scenarios into the Facebook-based loan calculator app to preview payment options and different loan options that best fit their needs" said Anne Shivers, CEO of the 13,000-member institution in Columbia, S.C.

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