Indirect lending is accounting for an increasing portion of CUs' auto loan portfolio, and now CU Direct Corp. has a new turnkey solution to make it easier for CUs to offer this product. Read about it and other auto lending news on pages 28-32.
RANCHO CUCAMONGA, Calif. - Credit Union Direct Corp., which developed and administers the Credit Union Direct Lending (CUDL) program, has obtained a Statement on Auditing Standard (SAS 70) audit report for controls related to its automated decisioning engine. The audit, says a CUDL statement, "attests to the accuracy of the...
WASHINGTON - As the open enrollment season kicks off, credit union staffers may find some significant changes to their benefit packages. According to Washington-based human capital consulting firm Watson Wyatt Worldwide, 2005 will be marked by the following seven benefit offering trends: * New plan designs, but fewer options. Many...
RANCHO CUCAMONGA, Calif. - Credit unions involved with indirect lending - and those who want to be - will soon have a new tool to use from CU Direct Corp. The company is beta testing a full-service indirect lending program called CUDL Complete with two credit unions and plans to...
WASHINGTON - The U.S. Treasury Department is urging credit unions and banks to offer Health Savings Accounts. Approved as part of the Medicare Prescription Drug, Improvement and Modernization Act of 2003, HSAs are designed to help individuals save for medical and retiree health expenses on a tax-free basis. Any individual...
WASHINGTON-Headlining NAFCU's Congressional Caucus, former Congressman Fred Grandy (R-Iowa)-also known as Gopher from the television show Love Boat-shared his "reflections of a recovering congressman." He stated that the biggest danger to democracy is the "apathetic citizen." Grandy encouraged his audience to get out there and make something happen while they...
WASHINGTON-Attendees of NAFCU's Congressional Caucus posed some serious questions to the NCUA Board members. When NCUA Board Member Debbie Matz finished her prepared remarks, one attendee asked her why so many large community charter conversions were being granted when hundreds of small credit unions were being driven out of business...
