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CUDL acquires Blue Oak Analytics
ONTARIO, Calif. (3/12/09)--CUDL, which administers a point-of-sale and indirect auto lending network for credit unions, has acquired Blue Oak Analytics, a provider of analytic tools and business intelligence solutions for credit unions. The acquisition will help enhance and solidify credit unions' underwriting for their lending portfolios. The terms of the transaction were not disclosed. Blue Oak Analytics, based in Roseville, Calif., will become a wholly owned subsidiary of the Ontario, Calif.-based CUDL. The new company, Blue Oak Analytics LLC, will continue to develop solutions, leveraging the company's proprietary technology, designed to help credit unions create a competitive advantage in the auto lending market. Established in 2006, Blue Oak Analytics developed the Lending Performance Management System (LPMS) program for managing and monitoring credit union loan portfolios, which is used by lending, finance and collections executives. The LPMS suite features:
* Static pool analysis; * Dealer management; * Performance metrics; * Origination metrics; and * Benchmarking industry metrics.
Mike James, vice president of strategic alliances, lending and training at CUDL, will become the managing general partner of the new subsidiary, announced Tony Boutelle, president/CEO of CUDL. James has more than 30 years of lending and operations experience in the financial services industry.


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