Press Center: CreditUnion.com’s press center compiles press releases from across the credit union industry to promote the cooperative nature of the industry.

Press Center

This Week’s Featured Press Releases
CU Student Choice and Collegiate Funding Solutions Announce Strategic Business Partnership 2/3/2010 Credit Union Student Choice, Strategic Partnerships Credit Union Student Choice recently announced a strategic business partnership with Collegiate Funding Solutions (CFS), a leading provider of innovative and integrated, web-based college funding solutions and college planning software for financial services professionals and financial services institutions. “Both of our organizations are focused squarely on helping credit unions deliver value to college students and families,” said Mike Weber, VP of Marketing for Credit Union Student Choice. Email a Friend
DocuMatix and CalcXML Announce Merger 2/1/2010 DocuMatix, New Product Releases DocuMatix, LLC, a software development company specializing in on-line communication and marketing tools, and CalcXML, LLC, a software development company specializing in on-line financial calculators announced a merger of their two companies. Email a Friend
Member Advantage Mortgage Makes Easy Transition to New RESPA Regulations Using XetusOne Loan System 2/2/2010 Xetus Mortgage Corporation, Strategic Partnerships Member Advantage Mortgage (www.memberadvantagemortgage.com), based in Ada, Mich., with assets of $4 million, started the new year with a stress-free transition to the new RESPA regulations with the use of Palo Alto, CA-based Xetus’ (www.xetus.com) XetusOne Loan Origination System. “The transition to the new RESPA regulations was as painless as possible,” said Jennifer Durham, Chief Operating Officer for Member Advantage, a subsidiary of CUSO Development Company, LLC (www.cusodevelopment.com). Email a Friend

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Customer Experience and Credit Union Opportunities: A Collaboration with McKinsey & Company 2/5/2010
Filene Research Institute, Industry Analysis and Trends
Madison, WI: Members say they love their credit unions, yet many take their financial relationships elsewhere. The Filene Research Institute’s newest report, Customer Experience and Credit Union Opportunities: A Collaboration with McKinsey & Company, argues that credit unions need to capitalize on consumer angst, update their delivery channels, and sharpen their value proposition for non-members, especially younger consumers.
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NuUnion Member Wins $100,000 “Save to Win” Top Prize 2/5/2010
NuUnion Credit Union, Making a Difference

LANSING, Michigan – NuUnion Credit Union member Billie Smith of Lake, Michigan has been named the $100,000 Grand Prize winner of the year-long Save to Win savings program. The Save to Win program presents credit union members with a win-win proposition. The innovative program encourages savings by making it easier and more interesting to save. A Save to Win certificate can we opened with as little as $25 and each $25 deposit to the certificate enters the member into drawings for monthly prizes,
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Navy Federal Streamlines Mortgage Lending with MDA MindBox® 2/2/2010
William Mills Agency, Technology
Navy Federal Credit Union today announced it is providing best-fit mortgage and home equity loan options to its members with MDA MindBox’s ARTOptimize™.
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Day Air Credit Union Partners with City of Centerville Schools 2/5/2010
Day Air Credit Union, Strategic Partnerships

Kettering, Ohio – Feb. 5, 2010 – Day Air Credit Union is consistently in the community educating individuals on the importance of financial responsibility. This January, once again, we partnered with the Integrated Transition Options Program (ITOP) of Centerville City Schools to teach a three part series highlighting different financial topics that the students will need to be successful.
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Kitsap CU Wins ECS $1,000 Drawing for Charity of Choice 2/5/2010
Executive Compensation Solutions, Charity Events

Kitsap Credit Union was named the winner of the Executive Compensation Solutions (ECS) annual Survey drawing, awarding them $1,000 to the charity of their choice.
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Tom Dorety, John Radebaugh Appointed to CO-OP Board of Directors 2/4/2010
CO-OP Financial Services, Miscellaneous

Tom Dorety and John Radebaugh have been appointed to the Board of Directors of CO-OP Financial Services, the industry’s leading provider of products that help members of credit unions conveniently access their accounts.
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Educational Scholarships Totaling $63,500 will be funded by Gwinnett Federal 2/4/2010
Gwinnett Federal Credit Union, Charity Events

Lawrenceville, GA – Gwinnett Federal Credit Union has announced that it will be funding $63,500 in scholarships this year. “We have an ongoing commitment to assist our members and students within the local community as they pursue educational opportunities,” stated Marshall Boutwell, President and CEO of Gwinnett Federal Credit Union.
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Heritage Federal Credit Union Records Record Loan Growth in 2009 2/4/2010
Heritage Federal Credit Union, Lending
Heritage Federal Credit Union in Newburgh, IN records record-setting consumer loan growth in 2009.
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myCUmortgage honors credit union partners for mortgage lending 2/2/2010
myCUmortgage, Strategic Partnerships
FAIRBORN, Ohio (February 2, 2010) myCUmortgage® announced the winners of its annual awards for excellence in mortgage lending. The credit unions were recognized for outstanding results in helping members with home ownership for mortgage activity from July 1, 2008 to June 30, 2009. Dynamic Federal Credit Union was named “Originator of the Year” in the small credit union category. This marks the third year in a row Dynamic has won the award. The $16 million credit union located in Celina, Ohio
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Abound Resources Survey Finds Efficiency is the Common Denominator in Community Bank & Credit Union 2/3/2010
Abound Resources, Industry Analysis and Trends

Community bank CEOs focused on balance sheet clean up, credit unions on consumer loan growth, but both have efficiency as their #2 priority
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CA, NV CUs HAVE NEW OPTION TO PROMOTE FINANCIAL LITERACY 2/3/2010
California Credit Union League, Vendor Resources

The California and Nevada Credit Union Leagues have partnered with Seattle, WA-based Fuze Digital Solutions to provide California and Nevada credit unions with the Fuze SuiteTM, its knowledge sharing and member support software, including financial education content.
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KEMBA Financial Credit Union Offers $2,000 Scholarship 2/3/2010
KEMBA Financial Credit Union, Marketing
KEMBA Financial Credit Union, a full-service member-owned financial institution, is pleased to announce that it is currently offering a $2,000 college scholarship for the upcoming 2010 academic year.
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No-Surcharge ATM Benefits for NC National Guard Personnel 2/2/2010
State Employees Credit Union, Miscellaneous

Four credit unions with military ties have signed Bilateral Agreements with State Employees’ Credit Union (SECU) to help ensure NC National Guard personnel have access to no-surcharge Automated Teller Machines (ATMs) worldwide. SECU signed agreements with Fort Bragg Federal Credit Union, Marine Federal Credit Union, Navy Federal Credit Union and Pentagon Federal Credit Union that will allow Guardsmen to utilize more than 1,600 no-surcharge ATMs. Whether serving in Guam, Japan, or stateside in
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JetStream Federal Credit Union Hosts Barbara Goleman High School Students 2/2/2010
Jetstream Federal Credit Union, Making a Difference

JetStream Federal Credit Union hosted students from Barbara Goleman high school for Groundhog Job Shadow Day. The students toured the credit union and learned about the role that each department plays in the success of the credit union. They also heard from several senior managers who discussed such issues as interest rates, loan calculations, savings, 401k plans, IT security, and the importance of maintaining good credit. “Students witness the work environment firsthand, the job skills in pr
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JetStream Federal Provides Relief to Haiti Earthquake Victims 2/2/2010
Jetstream Federal Credit Union, Charity Events

JetStream Federal Credit Union partnered with The EDGE (Early Development of Global Education) to aid in the relief efforts in earthquake ravaged Haiti. JetStream employees and members donated bottled water, clothes, toiletries, canned goods, and medical supplies. JetStream event organizer, Mio Serrano said "Our response is critical to serve the needs of countless people who are now displaced from their homes". JetStream MSR Sheila Reason added, "People in Haiti need our help and attention ri
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Credit unions cooperate. They share new strategic developments, successes and failures as a means to help the collective credit union industry. By sharing these pieces of news, credit unions leverage their successes and minimize their failures. Callahan & Associates promotes this cooperative effort through CreditUnions.com’s Press Center. CreditUnions.com Influence : 50,000 credit union professionals visit each month.

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