Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

Products Archive

Products

CUNA Strategic Services Makes Investment Into CU Solutions Group

 Permanent link
LIVONIA, Mich., and MADISON, Wis. (11/7/13)--CUNA Strategic Services (CSS) and CU Solutions Group (CUSG) announce that CSS has made a financial investment into CUSG. The investment gives CSS an ownership stake of CUSG and solidifies an existing marketing alliance between the two entities.
 
The investment, "in addition to our marketing alliance, further validates that our company is offering the right type of member-enhancement solutions to credit unions across the nation," said Dave Adams, CEO of CUSG. "Having the financial backing of an affiliate of our national trade association for credit unions brings a powerful voice to our organization."
 
"We believe CUSG's member enhancement offerings increase the credit unions' value and deepen the members' relationship with their credit union," said Wes Millar, senior vice president of CSS. "Our investment helps CUSG continue on the path of reinforcing this value proposition to America's credit unions."
 
The existing marketing alliance between CUSG and CSS was established to help bring greater awareness of CUSG's partnerships to credit unions to help drive auto loans, build member loyalty and generate non-interest income. The marketing agreement focuses on member offers and discounts for products and services like General Motor vehicles, Sprint wireless services, and Intuit TurboTax.

Missouri League Partners With Windstream

 Permanent link
ST. LOUIS  (11/7/13)--The Missouri Credit Union Association (MCUA) has partnered with Windstream, a communications and technology service provider.

Windstream, which provides communications and technology services, is known for its commitment to serving customers, said MCUA (The Missouri Difference Nov. 6).

The new partnership will give credit unions an opportunity to streamline communication technologies, said Ryan Dold, MCUA field representative.

"They can customize solutions for specific credit union needs," Dold said. "They work with companies big and small. Additionally, they are easily accessible because their offices are located throughout Missouri."

Windstream is offering a free month of service with any new contract.
 
Windstream has more than 75 years of experience serving the financial services industry, providing support in current and emerging network communications, security and information technology requirements, and helping credit unions reach strategic goals, increase productivity and effectiveness and ensure compliance with new and tighter government regulations. It offers services that can be customized to meet the needs of credit unions of all sizes.

The company's network services can link multiple branches, provide the ability for callers to contact any user with a three or four digit extension, reduce call expenses and improve member calling experiences with direct dial and seamless transfers, said MCUA.

Equifax Offers New Risk Score

 Permanent link
ATLANTA (11/7/13)--Equifax has launched its fourth generation Bankruptcy Navigator Index (BNI) score, a predictive bankruptcy risk score.

With BNI 4.0, lenders, including credit unions, can make more confident risk decisions into potential consumer bankruptcy, Equifax said.

"This is our most effective consumer bankruptcy risk score yet, providing deeper and more predictive insights driven by wider data and more powerful analytics," said John Cullerton, Equifax senior vice president of product innovation and management. "BNI 4.0 will give lenders the ability to predict and avoid potential consumer bankruptcies with improved performance and more consistent decision making."

BNI 4 can improve bankruptcy risk prediction by up to 10%, and increase score stability with random samples from the Equifax credit database, Equifax said. BNI 4.0 also can be integrated throughout the member lifecycle and with other Equifax risk tools.

Equifax BNI 4.0 risk score is available online for acquisition and onboarding, and offline for account review.