Aimbridge Sells Biz To CUILA
DENVER-The Aimbridge Group said it will sell its automotive indirect lending business in Colorado and Wyoming to Credit Union Indirect Lending Association (CUILA, Inc.). CUILA, Inc. is a Colorado-based credit union service organization (CUSO) of more than 50 credit unions that offers indirect lending. CUILA will assume full responsibility for indirect lending operations and will continue to use The Aimbridge Group's technology so that credit unions can remain connected to dealers and perform complex credit risk evaluations until the sale is complete. According to Aimbridge CEO Steve Bentley, the agreement with CUILA gives The Aimbridge Group additional capital to fund its national expansion for all its product lines. Bentley said Aimbridge Indirect Lending will originate more than $1 billion of loans this year through its indirect lending operations in other markets even after the sale to CUILA. For info: 843-853-4014 or www.aimbridge.com.
NAFCU Endorses Allied Solutions
ARLINGTON, Va.-NAFCU Services Corp. (NSC) has selected Allied Solutions, in partnership with BANCServices Group, Inc. as its preferred partner for Overdraft Courtesy Protection. Under its Bounce Safe Overdraft Courtesy Protection Program, members who overdraw their account up to a preset limit will be made by the credit union. As a result, the member avoids merchant charges. For info: www.nafcu.org.
PSB Launches E-Media Unit
LAKE FOREST, Calif.-PSB, The Marketing SuperSource, has formed PSB Media Productions, a new division that specializes in syndicated and custom radio and television commercials, in-lobby video and other forms of electronic media. The new division is designed to service small and mid-sized financial institutions. "This is a natural extension of The Marketing SuperSource service offering," explained Mark DeBellis, president of the Financial Services Division. Added Rick Rickards, PSB's VP-electronic media, "In today's market," noted Rick Rickards, PSB's Vice President of Electronic Media, "smaller and mid-sized financial institutions are finding themselves competing more directly with the big well-financed mega banks for accounts. Our customizable radio and television commercials are designed to provide the brand-building power smaller institutions need, at a price they can afford."
For info: www.psbonline.com/commercials, or call 877-384-7772.