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Harland Financial Solutions has two new CU services

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ATLANTA (10/12/09)--Harland Financial Solutions announced two new service offerings for credit unions--Enterprise Resource Services and Enterprise Optimization Services, which two credit unions have already deployed. Affinity Plus FCU, St. Paul, Minn., uses Enterprise Resource Services. The service simplified the $1.3 billion asset credit union’s maintenance tasks, “freeing our staff to focus on more important projects that truly can benefit our members,” said Keith Malbrue, chief operating officer of Affinity Plus (Science Letter Oct. 13). Enterprise Resource Services provides in-house UltraData Enterprise core processing and allows clients to outsource their credit unions’ information technology, operations and business continuity functions. Harland also provides other tasks including system monitoring, database backups and software upgrades. Los Angeles Police FCU employs Enterprise Optimization Services, which provides onsite analysis of credit union processes, software use and workflow. The technology helped the credit union identify areas for improvement, noted Michele Megill, vice president of operations and communications. With the service, Harland also can provide credit unions with ongoing reports based on the analyses.

CU Business Group hits 2 billion in MBLs

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PORTLAND, Ore. (10/12/09)--CU Business Group (CUBG) announced that it has reached more than $2 billion in member business loans (MBLs) on behalf of credit unions since its inception in 2002.
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“With banks tightening their belts, credit unions are seeing increased volumes in business loan applications, which means a lot of new opportunities,” said Larry Middleman, CUBG president/CEO. Credit union delinquency rates and charge-offs are consistently lower than banks, according to data CUBG compiled from June 30 National Credit Union Administration and Federal Deposit Insurance Corp. data. Credit union delinquencies were 1.15% for credit unions, compared with 5.59% for banks under $1 billion in assets and 5.32% for all banks. Credit union charge-offs were 0.38%, compared with 0.76% for all banks, and 0.43% for banks with less than $1 billion in assets, the company said. CUBG works with 315 credit unions in 40 states and underwrites for 164 credit unions. The company is based in Portland, Ore.