A credit union in Memphis, Tenn., has struck upon an approach to its foreclosed properties that could provide an example for both credit unions and banks on how to address the large stock of real estate they have come to own.

The latest co-owner of Xtend Inc., a CUSO that offers managerial, operational, marketing, technical planning and consulting services, is Horizon Utah Federal Credit Union.

Advancial Federal Credit Union, Lafayette, La., recently partnered with Ascension Episcopal School to educate and financially serve students, parents and staff through the CU@School program.

Two more credit unions have signed up for vendor management software and services from Quantivate in Redmond, Wash., the company said.