Federation Promotes CURE
NEW YORK-The National Federation of Community Development CUs has begun offering its members access to Credit Union Retired Executives (CURE), a virtual network of retired credit union executives who volunteer their time and expertise to provide free, confidential advice to all credit union professionals. The Federation has included a link to CURE on its Resources webpage, which it says will help its members cope with constantly changing regulations and requirements that must be met by all CDCUs, regardless of their size and capacity. CURE authors a monthly column in Credit Union Journal.
For info: www.CURetiredExecs.com
PCUA, CU Student Choice Team Up
WASHINGTON-The Pennsylvania CU Association has tapped Credit Union Student Choice, a CUSO that provides turn-key private student lending services, as its partner for private student loan services. The CUSO said CUs using its program can make private student loans that may be held on their own balance sheet to recognize the long-term economic return of the loan relationship versus a one-time referral fee.
For info: www.studentchoice.org
CU 24 Signs 2 New Clients
TALLAHASSEE, Fla.-Credit Union 24, a credit union-owned ATM and point-of-sale network, said Front Royal FCU and PEF FCU have joined its network. Headquartered in Front Royal, Va., Front Royal FCU has more than $45 million in assets and more than 7,400 members. Chartered in 1957 and headquartered in Highland Heights, Ohio, PEF FCU has more than $20 million in assets.
For info: www.cu24.com
Members Wealth Protector Intro'd
MADISON, Wis.-CUNA Mutual Group is adding a new whole life product to its life insurance product suite. MEMBERS Wealth Protector is a single premium, whole life policy that provides an immediate increase to the policy owner's legacy with a death benefit guaranteed by CUNA Mutual Insurance Society. It also provides a guaranteed amount of cash value available for policy loans. The cash value in the policy is exempt from required minimum distributions, which begin at age 70 for IRAs and other qualified plans. Additionally, policy owners have access to their policy's cash value through loans at any time for any reason. A portion of the death benefit may be paid to the policy owner before death in qualifying situations such as being diagnosed with a terminal illness or being confined to a nursing care facility.
For info: www.cunamutual.com or www.membersproducts.com
