2 Texas CUs Launch 2nd Node
DALLAS-Advancial FCU and Austin-based University FCU have launched a new CUSO called 2nd Node to provide business continuity solutions. "A huge undertaking for 2nd Node was planning and building the disaster recovery center itself," said Larry Burwell, president of 2nd Node. "There was a great deal of planning that went into finding an optimal site that met all our strict criteria and coordinating the logistics of all the facility elements."
University FCU will be using 2nd Node for disaster recovery services, as a "co-lo" facility for its secondary systems, and as a tertiary back-up site for operations. While 2nd Node currently is serving the business continuity needs of UFCU and Advancial, the two credit unions hope to build even greater scale by adding more partners and/or clients.
Help For Homeowners Via Radio
SOUTHFIELD, Mich.-Mortgage Center, a mortgage CUSO, is offering free help for struggling homeowners via a radio talk show, Mortgage Hour Radio. In addition to educating callers about loan modification and foreclosure prevention, Kristine Kline, VP of marketing and host of the show, tackles topics such as avoiding mortgage scams, refinancing, understanding the federal tax credit and more.
Mortgage Hour Radio airs Monday evenings from 9-10 p.m. on Detroit's WMUZ. Previously recorded shows can be downloaded from www.mortgagehourradio.com. Established in 1990, Mortgage Center LLC is a CUSO that serves 75 credit unions in Michigan with a complete array of first mortgage products.
MEMBERS Trust Signs 3 CUs
TAMPA, Fla.-MEMBERS Trust Co. has entered into agreements with Travis CU in Vacaville, Calif., Hawthorne CU in Naperville, Ill., and San Francisco Fire CU to offer reverse mortgages to their members. The turnkey program includes a front end origination module, a servicing platform, documentation and marketing, The CUSO said credit unions will have the option to sell reverse mortgages to Fannie Mae or retain the loans in their portfolios.
For info: memberstrust.com.
NACUSO Calls For Nominations
NEWPORT BEACH, Calif.-The National Association of Credit Union Service Organizations (NACUSO) is calling for nominations for its 2010 CUSO Collaboration and Innovation Awards. The winners will be recognized April 25 during the 2010 NACUSO Annual Conference at the Encore Las Vegas Resort; the deadline for entry is March 29. For additional entry details, visit www.nacuso.org.
Send entries by mail to: NACUSO, PMB 3419 Via Lido #135, Newport Beach, CA 92663, or e-mail to Shawna@nacuso.org. For info: www.nacuso.org.
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