CUBG Hits $2B In Loans Reviewed
PORTLAND, Ore.-Since its inception in 2002, CU Business Group, LLC, has reviewed more than $2 billion in member business loans on behalf of credit unions.
CUBG compiled industry business loan quality data from June 30, 2009, NCUA and FDIC reports. The data showed CUs' delinquencies and charge-offs remain consistently lower than their banking counterparts. The data shows delinquencies of 5.32% for all banks and 5.59% for banks with less than $1 billion in assets as compared with 4.23% for all credit unions. Net charge-offs for all banks were 0.76% and 0.43% for banks with less than $1 billion in assets. For credit unions, charge-offs were 0.38%. CUBG credit unions showed delinquencies of 1.15% and charge-offs of 0.25%.
For info: www.cubg.org
Reg CC Webinars Held
MINNEAPOLIS-Wolters Kluwer Financial Services said the company can help financial institutions address the Federal Reserve Board's revisions to Regulation CC that take effect in early 2010. Wolters Kluwer Financial Services' regulatory experts offered additional insight into these Regulation CC changes in recent webinars.
For info: www.wolterskluwerfs.com
LemmonTree Wins Branding Award
TEMPE, Ariz.-LemmonTree Marketing Group's design of a corporate brand for Oak Trust CU of Oakbrook, Ill., was recognized with the Gold Winner Award in the Corporate Branding category in the 2009 MarCom Awards of the Association of Marketing & Communication Professionals. The MarCom Awards is administered and judged by the Association of Marketing and Communication Professionals.
For info: www.lemmontree.com
CEFCU Taps Collegiate Funding
CARY, N.C.-Collegiate Funding Solutions announced a strategic partnership with CEFCU that will help its members better prepare and pay for college through the CFS web-based college planning service.
For info: www.collegiatefundingsolutions.com
CUNA Selects Panini, Vision X
DAYTON, Ohio-Panini, a provider of distributed check capture, said it is the exclusive check scanner alliance provider of CUNA Strategic Services (CSS), a subsidiary organization of the Credit Union National Association.
Panini's Vision X family of check scanners and the newly released Panini I:Deal are available to credit unions under this new agreement. The company said the scanners will allow CUs to focus on providing remote deposit capture (RDC) to their business members and the ability to implement a scalable branch image capture (BIC) solution.
For info: www.panini.com
