Product & Service
Floyd Unveils Exec Search Service
BAYTOWN, Texas-John M. Floyd & Associates, Inc., which has primarily been known for its overdraft protection product, is introducing an executive search service. "In effect, we have assembled our top talent to help banks, S&Ls and credit unions find their top talent," said Steve Swanston, EVP-Sales for JMFA. "If a financial entity is looking for a CEO, COO, CFO, president or other top-level professional, we are a uniquely-suited resource."
The company currently has its JMFA Overdraft Privilege program in place at more than 1,000 financial institutions.
Lenders Protection Expands
MADISON, Wis.-Citing positive results following a controlled rollout, CUNA Mutual Group's Lenders Protection program has now expanded to all states. "Lenders Protection is an innovative default insurance program that enables credit unions to build their vehicle loan portfolios by lending to members with near-prime credit scores, while managing their risk of financial loss in case of borrowers' default," CUNA Mutual said. The program is a joint venture between CUNA Mutual and Open Lending, Inc., of Austin, Texas, and is underwritten by CUMIS, a member of CUNA Mutual Group. Thirty-eight credit unions were actively using Lenders Protection as the pilot program ended, generating more than 5,000 loans totaling $100 million that might not have closed without the program.
For info: www.cunamutual.com.
SunCorp Upgrades Website
DENVER-SunCorp Corporate Credit Union has upgraded the most viewed section of its website: the rates pages. SunCorp said the new, improved rates pages feature an easier-to-navigate design, better organization, and an upgraded appearance. In addition to changing the look and feel of these popular web pages, SunCorp is launching "SunCerts Online," which will allow CUs to purchase share certificates and structured certificates online.
For info: www.suncorp.coop.