FEDERAL WAY, Wash. – Ascend United (Au), a broker of credit union debt, is giving away one 100-gram bar of .999 pure gold to one lucky credit union employee who registers on its newly launched website Ascendunited.com during the three-week period between Jan. 24 and Feb. 14.
According to Phillip Slater, program manager for Au, the “Au: the Gold Standard” promotion will fulfill two goals set for the company by its board of directors: assist in Au’s rebranding effort and increase awareness about company services and the straight forward world of debt sales.
“Ascend United just completed the launch of its website, which has undergone an extensive redesign to help financial institutions better understand debt sales, how to participate in our aggregated sales, and to facilitate our services to clients,” said Slater.
The sale of debt—charged-off and performing—has been a common and accepted practice in the banking industry for years; however, most smaller financial institutions have been left out due to the small size of the loan pools and their distrust of the buying community. According to Slater, Au changes that equation.
Ascend United is a CUSO of the Washington Credit Union League.
The winner will be announced the week of Feb. 17.
