Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Xtend ahead of budget in 3rd Q
GRAND RAPIDS, Mich. (8/3/11)--Through three quarters of its fiscal year, Xtend Inc., a Grand Rapids, Mich.-based multi-owned cooperative credit union service organization (CUSO), reported that it was ahead of budget in nearly every key measurement. Overall sales through three quarters grew 18.9% year-over-year, Xtend President Scott Collins noted in his quarterly report to stock holders. “Each of our business units exceeded its third-quarter 2010 revenue, several by double digits,” Collins said. Among the business units experiencing revenue growth were mortgage services (46.9%), Member Reach electronic member-communication service (35.8%), Xtension Call Center (11.6%), back-office bookkeeping (9.8%) and Audit Link compliance monitoring (7%). The CUSO reported that sales for the first six months of its fiscal year totaled $1.12 million. Expenses also were under budget, Collins said. Also during the third quarter, Xtend was selected as the National Collaborative CUSO of the Year at the National Association of Credit Union Service Organization annual meeting.


RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
2 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
5 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
6 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
6 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
6 hours ago