Empire Corp. Invest $10M In CIF
ALBANY, N.Y.-Empire Corporate FCU has increased its investment in the National Credit Union Foundation's Community Investment Fund (CIF) to $10 million. Its previous investment was $500,000. The $10 million investment will be divided among the four states (New York, New Jersey, South Dakota and Rhode Island) in which Empire has branch offices, based on its members' total assets.
For info: www.empirecorp.org.
BSI Releases Biz Loan Module
ST. CLOUD, Minn-Bankers Systems, Inc. (BSI) has released what it says is a first-of-its-kind comprehensive Commercial Lending Module (COM) of electronic documents for credit unions. The COM offers more than 1,200 commercial lending documents that can be embedded into a credit union's lending platform system and address small business lending regulations at the federal level, in all 50 states, and the District of Columbia, the company said. The COM includes BSI's new Commercial Lending Guide to help credit unions easily determine which documents are needed in each type of lending situation. The Commercial Lending Guide provides document selection for transactions, a glossary of terms for commercial lending, and a listing of documents by phases of the loan process. In addition, COM users have access to BSI's product support representatives who will answer federal and state-related compliance questions about its documents.
For or info: 800.552.9410 or www.bankerssystems.com
Nine Corps. With SmartSource
WALLINGFORD, Conn.-Nine corporates have now signed on with SmartSource Solutions, a CUSO of Constitution State Corporate, for web-based products and especially its Cuboardroom, a service that allows boards to meet electronically. Cuboardroom delivers board packets, faciliattes board discussions, enables online voting and archives documents. SmartSource solutions said corporates are also signing onto to its Website Without a Webmaster product.
The two most recent clients are West Virginia Corporate CU and First Carolina Corporate CU.
For info: 877-800-7773.
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