CU Direct Corp. has recognized seven credit unions for their lending practices and success in 2011.
The credit unions were honored at CU Direct's annual conference in Chicago this week.
In the category of business development and dealer relations, the $242 million Prevail Credit Union in Seattle and $80 million Hermantown Federal Credit Union in Hermantown, Minn., were presented with the CU Direct Best Practice Award.
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The $1.5 billion GTE Federal Credit Union in Tampa, Fla., was honored with a Best Practice Award for its success in the category of portfolio management.
For their success in the category of capturing member loans, the $809 million 1st United Services Credit Union in Pleasanton, Calif., was presented with the Best Practice Award. The $5.4 billion America First Credit Union in Riverdale, Utah was honored for its accomplishments in the category of remarketing and collections.
The CU Direct Diamond Award went to the $1.7 billion Washington State Employees Credit Union in Olympia, Wash., and the $3.6 billion Hudson Valley Federal Credit Union in Poughkeepsie, N.Y., for their continued success in advancing their lending programs and championing the importance of a credit union-owned delivery channel, the CUSO said.
CU Direct is the parent company of CUDL, Lending Insights, and several other retail brands.
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