Thirty credit unions now among users, company says, with traffic evenly split between mortgage and auto loans.
The aftermath of a $2 billion trading loss at JPMorgan Chase & Co., continues to spread both in and outside the company.
As credit unions budget for 2011, many financial managers are searching for revenue sources, as traditional money makers like consumer loans and investments still aren't performing to historical norms. Business services and innovation may be the answer.
The $2 billion SEFCU credit union, headquartered in Albany, N.Y., has purchased an area mortgage origination firm to expand its mortgage offerings.