ONTARIO, Calif. (3/20/09)--CUDL, an indirect auto lending network for credit unions, announced that it has entered into a marketing agreement with the Michigan Credit Union League’s CUcorp to market CUDL’s AutoSMART products and services to Michigan credit unions. AutoSMART provides credit unions with a vehicle shopping and research site, which they can brand, customize and market to members. CUDL has 525 credit unions and 5,500 auto dealers participating in the AutoSMART program. The partnership will be valuable for the league’s Invest in America program, according to David Adams, CUcorp CEO. Invest in America is a nationwide credit union auto loan discount program with General Motors and Chrysler. “Credit unions’ share of the auto loan industry is growing, and this new marketing agreement will help match consumers with much-needed credit for domestic vehicle purchases,” Adams said. CUDL is based in Ontario, Calif.
MONETT, Mo. (3/20/09)--Jack Henry and Associates, a provider of technology solutions and data processing services for financial institutions, including credit unions, announced that it will offer server virtualization for its client and server-based complementary products. Server virtualization distributes computing power by consolidating multiple independent server environments that consist of operating systems and application software on a smaller number of servers, the company said. Benefits of virtualization include reduced hardware costs and ongoing energy requirements, reduced floor space and cooling requirements, expedited deployment of new business solutions, enhanced disaster recovery and business continuity, and fewer information technology-related operational issues, said the company. “Many organizations have been watching and waiting for the definitive direction of virtualization, and we believe the technology is now mature enough that it cannot be ignored,” said Jack Prim, Jack Henry CEO. “Considering the current economic environment, the timing of our external virtualization initiative could not be better because it can generate immediate and ongoing operating efficiencies and cost savings.” Jack Henry and Associates is based in Monett, Mo.