Corporates Back Biz Loan Group
PORTLAND, Ore.-Northwest Corporate Credit Union has entered into a partnership with FirstCorp Credit Union in CU Business Group LLC, Northwest Corporate's recently formed CUSO. CU Business is offering a suite of services targeted at helping member credit unions reach out and work with their small business members. The subsidiary, CU Business Group LLC, will offer complete support for business lending and business deposit products, according to Northwest Corporate. "This is a volume business and developing partnerships is important to ensure efficient delivery of services," said Kathy Garner, president of NCCU. Northwest Corporate Senior Vice President Larry Middleman has been named President/CEO of CU Business Group.
Postal CUs In ATM Sharing Plan
NEW ORLEANS-The National Council of Postal CUs has announced that postal credit unions will be sharing their ATM terminal identification numbers with each other in order to allow their respective members surcharge-free ATM access. Sidney Parfait, CEO of Post Office Credit Union and president of the Council, said the goal of the program is to help the association's 160 member CUs-many of them well under $50 million in assets-to expand their members' ATM options. Participation in the program is voluntary, as it requires each credit union to forego any foreign user income from those other postal CU members.
Lt. Governor Praises AECU
ST. LOUIS-During a news conference here to discuss payday lending, Missouri Lt. Gov. Joe Maxwell praised Anheuser-Busch Employees' Credit Union and its division, American Eagle Credit Union, for efforts in reaching out to the underserved, and called for others to do the same. American Eagle CU recently opened a branch in a zip code identified as being underserved. It is the only financial institution in the zip code. The news conference was held to draw attention to a payday lending bill that became law on Aug. 28. The bill attempts to limit payday loan abuses. Maxwell has asked Missouri's credit unions to generate ideas on alternative products and services, consumer education and removing statutory and regulatory barriers to providing small loans. Missouri credit unions have formed a task force to develop alternatives.
Abagnale To Join FISI Madison
NASHVILLE, Tenn.-Famous con-artist-turned-fraud-prevention-specialist Frank Abagnale will become FISI Madison
Financial's new spokesperson.
Under the exclusive, two-year agreement, Abagnale, known worldwide as an expert on forgery, embezzlement and secure documents, will endorse some of the company's current and future marketing products and services such as credit card security, ID Network child safety service protection, secure checks for small business and Privacy Guard, a service that allows customers to check personal records affecting their credit history as well as medical records and driving records. Abagnale, a frequent lecturer and consultant, may be best known for having cashed $2.5 million in fraudulent checks in every state and 26 foreign countries before being caught and agreeing to help law enforcement.
Donation To Assist Postal CU
ALBANY, N.Y. -The New York CU Foundation has donated $5,000 to the National Council of Postal CUs Relief Fund to assist Washington Postal Employees FCU which was hit by the anthrax-by-mail attacks last year. In a letter that accompanied the contribution, NYCUF said, "the credit union movement's response to New York in the wake of the Sept. 11th attacks was truly inspiring. We feel honored to be able to give something back to our brothers and sisters in Washington." The postal relief fund will help defray the more than $100,000 in unbudgeted and uninsured expenses incurred by the postal credit union.