Two Leagues Endorse Centrix
ENGLEWOOD, Colo.-Two state leagues have reached agreements with Centrix Financial, LLC, which provides risk-management services. The North Carolina CU League has signed a marketing agreement with the company, while Georgia CU Affiliates will support the Centrix program through the Alliance for Credit Unions, LLC, a joint venture with the Florida league. Centrix offers the Portfolio Management Program, which allows CUs to expand into non-prime and sub-prime auto loans at little risk. To date the PMP portfolio has underwritten 19,736 loans representing $365 million in outstandings.
For info: www.centrixfinancial.com.
Securian Expands Due-Diligence
ST. PAUL, Minn.-Securian Retirement Services, an affiliate of Securian Financial Network, has introduced an expanded due diligence program to help employers "fulfill their fiduciary responsibilities for monitoring the investment options offered in their qualified retirement plans." Watson Wyatt Investment Counseling, a nationally recognized specialist in the investment consulting industry, provides the expertise and objectivity needed to evaluate Securian's investment array.
Deluxe Plant Wins Award
ST. PAUL, Minn.-The Lenexa, Kan. Manufacturing facility of Deluxe Financial Services has received the Leading Edge Award from the Mid-America Manufacturing Technology Center (MAMTC). The award is based on Deluxe's exceptional implementation of lean manufacturing concepts. Following MAMTC's lean manufacturing principles, Deluxe said it increased production levels, while it reduced the cycle time by 12% within a year of implementing the lean concepts. For info: www.deluxe.com.
Abby Releases Training Software
ROCK HILL, S.C.-Abby, Inc., a provider of customized training solutions to financial institutions, has released KeyPro for Credit Unions, a computer-based training software that uses "established training techniques coupled with a lesson in ergonomics to provide a complete ten-key training package." The company said the new version was created as a low-cost,10-key training solution to increase productivity and reduce entry errors, as credit unions cannot "afford to invest in one-on-one training for each individual teller."
For info: www.abbyinc.com.
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