Product & Service
CU Realty Does 288 Transactions
HERNDON, Va.-CU Realty of VA, MD, DC LLC (CUR LLC) reported that during its first year in business it performed 288 transaction closings and rebated to members more than $1 million. The CUSO provides a complete range of real estate services. Juri Valdov, chairman of CU Realty, CUNA and president of Northwest Credit Union, said the average rebate per member was $3,700. CUR LLC launched in January 2005 with 12 charter investors, including: Agriculture FCU, Apple FCU, Bank-Fund Staff FCU, Fairfax County FCU, HEW FCU, Justice FCU, NASA FCU, Newport News Shipbuilding Employees' CU, Northwest FCU, State Department FCU, and Tower FCU along with the credit union-owned mortgage CUSO, Credit Union Mortgage Association.
For info: www.curealtyllc.com.
Index Annuity Being Offered
MADISON, Wis.-CUNA Mutual Group said its MEMBERS Financial Services program has begun offering its MEMBERS Index Annuity to credit unions. Underwritten by CUNA Mutual Life Insurance Company, the annuity provides members the security of a minimum guarantee and the opportunity to earn more, the company said. The MEMBERS Index Annuity is similar to a fixed-rate annuity with a guaranteed return, but the Index Annuity, unlike a fixed-rate annuity, has the potential to earn more through positive changes in the S&P 500 Index.
For info: www.cunamutual.com.
AutoLand Expands Call Center
SHERMAN OAKS, Calif.-AutoLand is set to expand its call center staff time by 70% to handle increased volume and expand its geographic base. AutoLand will add two more days with operations on Saturday from 8 a.m. to 5 p.m. and on Sunday from 11 a.m. to 5 p.m., and said it will also seek business in new states to aid credit unions searching for new business in their own areas of operation.
For info: www.autoland.com.