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Special Report: Corporates

By Staff Writer

Corporates are poised to assist member CUs in this rising rate environment. Read about that and other corporate news on pages 24-29.

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August is Check 21 Month at WesCorp

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August 10, 2004

Highmark FCU Sells Auto Loan Pool Through CARPooL

BISMARCK, N.D. - Highmark FCU recently completed a $2.97 million transaction through Midwest Corporate FCU's CARPooL program. The CARPooL program is a Charlie Mac product that corporates offer their member credit unions. The $2.97 million transaction allows Highmark FCU to clear its balance sheet and offer new loans. "A strategic...

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August 10, 2004

Corporate One Transmits Check Images Through Endpoint Exchange

COLUMBUS, Ohio - Corporate One has successfully transmitted and accepted its first set of check images to and from the Endpoint Exchange Network. The exchange was part of a test of Corporate One's new electronic deposit automation solution. Corporate One partnered with Endpoint Exchange as part of its efforts to...

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August 10, 2004

ACCU Hopes to Keep Dues in Check

ARVADA, Colo. - The Association of Corporate Credit Unions' Executive Committee held its strategic planning meeting in Colorado last week and among other things, dues were on the agenda. SunCorp President/CEO Eric Kenealy is currently ACCU's chairman so he is hosting this event so to speak at SunCorp's headquarters, said...

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August 10, 2004

EasCorp Forms New CUSO; Name Honors Massachusetts CU History

WOBURN, Mass. - EasCorp has formed a new CUSO that might sound like its name is derived from a tax form, but for the credit union faithful it's an historical name. The new CUSO is dubbed 1909 Financial Advisors, LLC. The name honors the year the first credit union law...

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August 10, 2004

Charlie Mac Completes First Loan Securitization; Reaches the $1 Billion Mark in Loans Purchased

LENEXA, Kan. - July 21 was an historic moment for Charlie Mac. It completed its first loan securitization made up of credit union loans, a long standing goal for the secondary market player. This particular security was worth $160 million and consisted of 30-year credit union loans from six credit...

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August 10, 2004

A Directory of the Corporate Network

The who's who of the corporate network Credit Union Times last ran this feature in its April 10, 2002 issue, but a year in the corporate network is almost like a dog year because so many changes happen in a short period of time. Since 2002 there have been a...

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August 10, 2004

CU Business Group Completes Private Placement; Eight Corporates Are Now Owners

PORTLAND, Ore. - Looking back, Northwest Corporate bringing corporates into the world of helping their member credit unions serve business was a good move to say the least. When Northwest started the CUSO - CU Business Group - a few years ago it was a first for corporates. The gamble...

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Special Report: Corporates

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August is Check 21 Month at WesCorp

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