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CUAnswers launches virtual CIO services

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GRAND RAPIDS, Mich. (1/20/12)--CU*Answers, a Grand Rapids, Mich.-based credit union service organization, has launched a new virtual chief information officer (CIO) service.

The new service, called AdvantageCIO, assists credit unions with strategic level technology planning, budgeting and management.

Services offered include executive and board-level strategic technology planning sessions, technology budgeting and forecasting, technology assessments, information systems risk assessments, information technology policy development, business continuity planning, technical resource development and coaching.

The offerings are designed to be used on demand when needed. Long-term contracts are not required, but are available.

CU*Answers has seen a need for services on demand said, Matt Sawtell, CU*Answers assistant vice president of managed network technology solutions. "We deliver specific materials and well-documented plans so our clients have an actionable document they can take forward into their board rooms for long range business planning," he said.

PCUA partners with AdvantEDGE

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HARRISBURG, Pa. (1/20/12)--The Pennsylvania Credit Union Association (PCUA) has partnered with AdvantEDGE Financial Services LLC, Wyomissing, Pa. The association has also selected AdvantEDGE as one of its preferred business partners.

The Pennsylvania Credit Union Association (PCUA) has formed a partnership with credit union service organization AdvantEDGE Financial Services LLC, Wyomissing, Pa. From left, Mary Ann George, AdvantEDGE manager; Patricia Zyma, AdvantEDGE president/treasurer; John Kilduff, PCUA vice president, credit union services; Glen Yeager, AdvantEDGE board chairman; and Russell Evans, PCUA assistant vice president business development. (Photo provided by the Pennsylvania Credit Union Association)
AdvantEDGE, a credit union service organization and subsidiary of Utilities Employees CU (UECU), specializes in serving credit union needs in areas such as asset recovery strategy, compliance with financial regulations, investment portfolio consultation and information technology specific to the credit union industry. 

"As the state trade association representing credit unions in the Commonwealth of Pennsylvania, our goal is to help credit unions thrive," said Jim McCormack, PCUA president/CEO. "Through our service corporation, PCUA is able to partner with businesses that offer products and services to enhance the ability of credit unions to serve their members. We've had a long relationship with UECU, so this partnership is a natural fit as credit union cooperatives."

AdvantEDGE also provides consulting services and custom solutions for credit unions in the areas of consumer and real estate lending, internal finance, asset recovery and investments.

CUSO helps Affinity Plus sell 140M in mortgages

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DENVER (1/20/12)--Mortgage Liquidity Solutions LLC (MLS), a multi-credit union owned credit union service organization (CUSO), has sold a $140 million portfolio of residential first mortgage loans using a loan participation structure for $1.5 billion asset Affinity Plus FCU, St. Paul, Minn.

Created in 2011, MLS provides liquidity solutions to credit unions and CUSOs for their residential mortgage lending programs.

The company assists credit unions with the sale of loan pools and provides liquidity via warehouse lines of credit to fund the sale of loans to approved take-out investors.