MARLBOROUGH, Mass. (3/26/10)--New England Credit Union Services (NECUS) has created a college tuition savings opportunity for Massachusetts credit union employees and their family members through a partnership with the New England College of Business and Finance (NECB). NECB’s offers online degree programs (EWeekly March 24). The partnership with NECB will save credit union employees and their family members almost half the cost of standard college tuition rates for undergraduate degrees, and a quarter of the cost of standard graduate degree tuition rates, said the Massachusetts Credit Union League. Employees of NECU’s 230 credit unions and their family members are eligible to receive $500 and $1,000 scholarships.
NEW YORK (3/26/10)--The Credit Union Association of New Mexico (CUANM) will expand access to BNY Mellon’s Remit Worldwide global remittance solution to credit unions in New Mexico and nationwide on a white-label basis, the two organizations announced Thursday. A major form of cross-border funds transfer, remittances enable credit unions and other financial institutions to expand their product and service offerings to consumers interested in remitting funds to beneficiaries abroad. “Enabling credit unions to provide global remittances as a new customer service provides us with a superior product that is important to the underserved new immigrant community,” said CUANM CEO Sylvia Lyon. “This group comprises a significant and rapidly growing consumer group that credit unions are committed to serving,” she added. CUANM will add Remit Worldwide to its suite of outreach products, according to Mike Athens, CUANM vice president of association services. Remit Worldwide will be marketed by CUANM as Worldwide Remit.