White Papers Now Available
MILPITAS, Calif.-NeoScale, which provides data storage security solutions, is offering a series of white papers to credit union executives. Among the white papers available are "Achieving PCI Compliance with Storage Security Solutions" and "Global Key Management for Storage Security Encryption." The white papers can be accessed at www.neoscale.com/CUJ.
CU Loan Source Hits $100M
DULUTH, Ga.-In just more than one year after entering the indirect lending business, The Credit Union Loan Source, LLC, a Georgia-based CUSO, reported it has reached the $100-million mark in serviced assets. That amount represents about 4,600 loans, according to Terry Meek, Indirect Lending Business Manager at CULS. CULS provides indirect financing of autos through over 450 dealerships in Georgia, Florida and Colorado. CULS partners with Aimbridge Indirect Lending, Denver, for technology and dealer relationship support. CULS funds vehicle loans and then packages participations in those loans for sale to NCB, FSB, a subsidiary of the National Cooperative Bank, which resells the loan participations to participating credit unions. CULS continues to service the loans for the participants.
For info: www.culsllc.com.
Income Solutions Is Added
NEW YORK--Saying it is seeking to meet the needs of clients aiming to maintain a steady stream of income throughout their retirement years, UNFCU Financial Advisors has added Income Solutions, an immediate annuity platform, to its suite of retirement offerings for credit union and other non-profits and businesses. UNFCU Financial Advisors is a CUSO of United Nations FCU. "Income Solutions specifically provides individuals with the ability to rollover a portion of their retirement savings into an annuity within an Individual Retirement Account," the CUSO said. In addition, Income Solutions also contains an inflation adjusted annuity option.
For info: www.unfcuadvisors.com.
Redwood CU Selects ProfitStars
MONETT, Miss.-Jack Henry & Associates, Inc. announced that California's Redwood Credit Union has selected its ProfitStars Insurance Agency Solutions Group to support member insurance needs.
Redwood CU officials said the agreement will allow the CU to retain member relationships plus enhance its existing insurance products.
For info: www.jackhenry.com
