Now In The Market
Fifth Third Processing Inks 6 CUs
CINCINNATI-Fifth Third Processing Solutions said six credit unions recently signed contracts for electronic funds transfer services, including ATM and debit card processing services, card production, fraud protection, debit marketing, rewards programs, and gateway services: USE CU, San Diego, My Credit Union, Watauga, Texas, VAMC Fayetteville FCU, Fayetteville, N.C., Turtle Creek FCU, Redfield, S.D., Freestone CU, Teague, Texas, and, Montana Educator's CU, Missoula, Mont.
For info: www.ftpsllc.com
CU Xpress Lease Surpasses NJ Goal
HAUPPAUGE, N.Y.-CU Xpress Lease, Inc., which launched its leasing program in New Jersey through Pinnacle FCU in Edison, said it has already surpassed a targeted monthly goal of $1 million in auto leasing activity.
For info: www.cuxpresslease.com
ICUL, CUNA Strategic Services Partner
MADISON, Wis.-CUNA Strategic Services has expanded its partnership with the Illinois CU League Service Corporation (LSC) to market LSC's Visa TravelMoney card as a cost effective pre-paid travel product for credit unions and their members.
For info: www.cunastrategicservices.com
4 Companies Join MnCUN's VIP
ST. PAUL, Minn.-Four additional companies recently enrolled in the Minnesota Credit Union Network's Vendor Involvement Program (V.I.P.) bringing the total number of program participants to 26.
For info: www.mncun.org
myCUmortgage Reports Growth
FAIRBORN, Ohio-Credit union partners of myCUmortgage closed 7,800 loans in 2010, which resulted in nearly $1 billion total in loan volume. In addition to the 24% increase in loan activity and 22% increase in loan volume, myCUmortgage paid a record-breaking $3.6 million to its partners for loans closed in 2010.
For info: www.mycumortgage.com
Jack Henry Relays Strong Sales
MONETT, Mo.-Jack Henry & Associates, a provider of computer systems and electronic payment solutions primarily for financial services organizations, said during calendar year 2010, its Jack Henry Banking division generated strong sales of the jhaPassPort suite of ATM and debit transaction processing services.
For info: www.jackhenry.com
CU Members Mortgage Restructures
DALLAS-CU Members Mortgage restructured its operations and management team. All four regional offices will continue to serve credit unions and their members in the origination of home loans, but the management team has been centralized in the Dallas office to oversee direct lending, correspondent lending, and sales.
For info: www.cumembers.com