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Symbionce Financial Solutions Partners With New Jersey League

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EAST HANOVER, N.J. (4/26/13)--Symbionce Financial Solutions LLC, a New Jersey-based home loan credit union service organization (CUSO) serving credit unions nationwide, is the New Jersey Credit Union League's newest business partner.

Symbionce is owned exclusively by credit unions and is partnered with 75 credit unions nationwide (The Daily Exchange April 23). Its fully customizable real estate services include mortgage and home-equity loan originations and servicing.

"Our management team has an extensive background in member service as well as exceptional direct credit union work experience specific to the products, services and specialized financial solutions we offer," said Ann South, Symbionce managing member. "Our mortgage and home-equity services support your need to stay on top of all aspects of your home-loan programs without having to add to staff or incur expenses for specialized computer systems and expanded office space."

Symbionce provides credit unions with on-line access to home loans so the credit union can maintain control of its portfolio. Client credit unions view every aspect of individual home loans, from application through processing, underwriting, closing and life of loan services.

CO-OP Partnership Offers Mobile Card And Alert

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RANCHO CUCAMONGA, Calif. (4/26/13)--CO-OP Financial Services is partnering with Ondot Systems of San Jose, Calif., to provide its client credit unions with a CO-OP-branded service that allows credit union members to control their card use.

"CO-OP Financial Services is dedicated to providing credit unions with the means to offer greater control and convenience to their cardholding members, and greater assurance of fraud protection," said Stan Hollen CO-OP Financial Services president/CEO.

"With the dominance of smartphones, mobile banking is emerging as the primary channel for member account access," he said. "This service will provide credit unions with another opportunity to strengthen relationships with members and increase the transaction activity of the cards they issue."

Cardholders can lock and unlock their cards and set controls and alerts based on their preferences related to transaction type, merchant, location and thresholds.

Members can perform specific self-service functions, including balance inquiries and funds transfers, and card management functions such as reporting fraudulent transactions and lost/stolen cards.

The service will be available by the end of year, CO-OP said.