Avoiding being scammed involves knowing what to look for and honing your cyber security skills. New scams are constantly emerging. This means that keeping an eye on your digital accounts and staying aware of potential scams that may be associated with them is a must. Here are six scams that are new or becoming much […]
Category: Blog
Harnessing the Power of Technology in Indirect Lending
By: Taya Parish In the ever-evolving landscape of financial services, credit unions are increasingly turning to innovative solutions to meet the needs of their members. Indirect lending, a popular approach that enables credit unions to extend loans through third-party intermediaries, has become a strategic avenue for growth. By harnessing the power of technology, credit unions […]
A 25-Year Journey of Growth and Empowering Credit Unions
By: Vicky Kinsey CU Alliance (CUA), formed as Credit Union Acceptance Company (CUAC), is a credit union service organization (CUSO) that has been serving credit unions for 25 years. We reflect on our journey and accomplishments as we celebrate this significant milestone. From our early days as a small start-up to our status as a […]
The Importance of Implementing a Responsible Indirect Lending Program
By: Lizzy Mayers Credit unions are well-known for providing exceptional financial services to their members, including loans at competitive rates. However, credit unions can enhance their loan portfolio and revenue growth by adopting an indirect lending program. Indirect lending is a proven method that enables credit unions to expand their reach and improve the member […]
PrimeTrust Federal Credit Union Achieves Record Auto Loan Volume and Membership Growth through CUAC Partnership
By: Vicky Kinsey In September 2021, PrimeTrust Federal Credit Union joined the CUAC Program to enhance its auto loan portfolio. At the time, the credit union’s portfolio consisted of indirect lending, commercial participation, and organic direct loans. Despite having an indirect lending program, PrimeTrust FCU was not achieving the loan numbers or membership growth it anticipated. As […]
BRECO FCU Sees Nice Boost to their Loan Volume With CUAC
Prior to partnering with CUAC, BRECO Federal Credit Union was solely reliant on direct auto loans and using social media & newsletters to promote auto lending to their members. Although they were offering electronic signatures on loan documents, members were still signing with other lenders at the dealership due to the convenience factor. As a […]
Cherokee Strip CU is a Model for Smaller Credit Unions Indirect Lending Program
June 1, 2022 Vicky Kinsey, VP of Marketing Cherokee Strip CU set out to look for a partner to help them set up an indirect auto lending program for their credit union. Their goals were simple: Reach a wider membership, make it easier for members to obtain car loans and be available outside of working hours […]
3 Reasons You Should Consider CU Certified™
Here are the 3 main reasons you should consider switching from your current provider: Unsurpassed non-interest income While other vehicle service contract companies keep any money not spent on member claims, CU Certified™ returns that money directly back to our credit union partners. The national average is $488 surplus non-interest income per policy sold in […]
Why are credit unions switching to CU Certified
Q: If you had advice for your credit union colleagues regarding switching to the CU Certified™ program, what would it be? A: Do your due diligence and hear the success stories from credit unions. Allow the credit union to own its portfolio and utilize the gray area funds for member claims that normally would not be […]
CU Alliance Announces New Chairman of the Board
CU Alliance Announces New Chairman of the Board June 1, 2022 CU Alliance®, a leading Credit Union Service Organization based in Houston, is pleased to announce the appointment of T.W. Jolly as Chairman of the board. Jolly is the current EVP/Chief Operating Officer at PrimeWay FCU and Chairman of the board for the Member Home […]