Small Debit/Credit Card Program
CUNA Mutual Group Lenders Development Program
The Ohio Credit Union League Services Corporation offers several ways your credit union can grow its loan portfolio:
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Executive Summary Cooperative Business Services provides comprehensive member business lending solutions for credit unions, including analysis, underwriting, servicing, documentation preparation, pricing, education, training, and strategic planning.
Cooperatively owned by the OCUL Services Corporation and eight credit unions, CBS gives credit unions the opportunity to participate in Member Business Lending at a minimal cost without acquiring all of the loan risk on their balance sheets.
The CBS goal is to drive small business loans to credit unions.
For more information, visit the
Cooperative Business Services Web site or contact:
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Executive Summary AIL-Ohio is a financing channel that connects CUs with an automotive dealer network to provide one-stop shopping for members and potential members wanting auto loans and leases. This helps membership retention, loyalty and growth while increasing lending portfolios for CUs.
History AIL-Ohio is a limited liability corporation whose ownership is 1/3 Ohio CUs, 1/3 OSC, and 1/3 Aimbridge, and has been in operation since 2003.
Cost to Credit Union No start up fees; no annual fees; no per member fees.
Product Features • 10 second automated decisioning • Next day funding • ACH payments • Automated loan transfer and booking (with DP interface) • 7 days a week full service • Dealership network management • Marketing support • Member database management and mining • 24-hour online report access
Product Performance • Servicing 150+ participating dealers in Ohio • Serving 60+ CUs in 4 markets in Ohio • Servicing 2.5+ million members nationwide • $200,000,000 funded to CUs • Placed 30,000+ new members
Contact Information For more information, call the OCUL Services Corp. at (800) 486-2917. |
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Executive Summary The LoanLink Center provides a lending solution, cross-selling opportunity, and member service enhancement. Recent trends indicate that more and more members are choosing "remote lending"—using the Internet or a call center to apply for loans. By integrating The LoanLink Center with your current lending and member service operations, you’ve got a golden opportunity to meet member needs without increasing your staff overhead. This efficient way to grow your lending and member service operation will also generate new fee income, thanks to a variety of cross-selling opportunities. And by helping your credit union keep pace with the rest of the market, The LoanLink Center will help reinforce your status as your members’ primary financial institution.
By using The LoanLink Center, you’re also building a strategic alliance with APPRO, the leading loan origination system provider, and CUNA Mutual Group, a respected financial services and lending solutions provider.
You can reduce the expenses of originating a loan without cutting back on the quality of service. Advancements in loan origination technology allow The LoanLink Center to help you close more loans without having to earmark additional money for employee salaries, benefits, turnover and training.
The LoanLink Center also allows you to keep pace with banking operations that currently employ new loan origination technology. How often do you see a service that meets both the demands of the market and reflects favorably on the bottom line?
For more information on The LoanLink Center, click here... The LoanLink Center. |
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Executive Summary For
more information about Fidelity National Info Services, visit Fidelity
National Info Services' Web site at the link below
or contact: |
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Executive Summary The National Apollo Credit Card Program offers small and mid-sized credit unions the opportunity to provide members a credit card program. Credit Unions maintain management and control of the program by underwriting applications, establishing credit limits, interest rates and fees.
History The National Apollo Credit Card Program was developed by the Illinois Credit Union League’s Service Corporation in 1984.
Cost to Credit Union There are low start up fees and on going monthly expenses. Custom cost models are available upon request.
Product Features National Apollo offers you: • The opportunity to generate interest and fee income. • Customized application and disclosures at no cost. • Marketing materials at no cost. • Travel accident insurance at no additional cost. • A choice of plastic card designs. • Internet access for entering account information and accessing reports. • The ability to offer a valued service to members. • Direct settlement to your corporate credit union account. • Complete chargeback handling and resolution of member disputes. • A choice of Classic, Gold or Platinum Programs. • Assistance with reissues. • Value added enhancements…cash back, bonus points, letterchecks or travel related services. • Ongoing customer service support for credit union staff and card holders.
Detail Visa credit cards provide your members with convenience and financial flexibility. By offering your members the worldwide acceptance and prestige of a credit union credit card, your credit union can increase its loan volumes and revenues.
The National Apollo Credit Card Program allows you the freedom of setting your own credit criteria, credit limits, interest rates and fees for both Classic and Premium cards. Your credit union name and logo will appear on your cards and statements.
Product Performance The Apollo Credit Card Program currently provides credit card services to 500 credit unions nationally and 35 in Ohio.
References Debbie Gerschultz, CEO Sylvania Area FCU (419) 882-3525
FAQs Q: Who funds the loan? A: CU funds the loan.
Q: Who does the collections? A: The CU does the collections
Q: Who determines who receives a card? A: CU determines who gets a card as well as what the credit line will be.
Q: What is the revenue for the credit union? A: CU keeps all fee income and 100% of the finance charges.
Q: Who owns the portfolio? A: The credit union owns the portfolio.
Q: Is there a lower cost solution? A: Ask about the EZ Launch Program.
Contact Information |
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Executive Summary The CUNA Mutual Group is the leading provider of financial services to credit unions and their members worldwide, offering lending, protection, financial, employee and member solutions through strategic partnerships, technological innovations and multiple service channels. No other company offers as many credit union-specific products -- more than 300 in all.
The CUNA Mutual Group includes, but is not limited to, CUNA Mutual Insurance Society, which provides accident, health and life insurance; its permanent affiliate, CUNA Mutual Life Insurance Company, which provides life and long term care insurance and annuities; CUNA Brokerage Services, Inc., which is a registered broker dealer making available investments and mutual funds to our customers; MEMBERS Capital Advisors, our registered investment advisor; CUNA Mutual Mortgage Corporation, which provides mortgage loan origination, purchasing and servicing; CMG Mortgage Insurance Company, which provides private mortgage insurance; and CUNA Mutual Insurance Agency, Inc., which helps distribute insurance and annuity products to meet special needs of our customers.
The confidence and trust credit unions have in CUNA Mutual is reflected in the fact that it protects, with one or more coverages, nearly 95 percent of the 9,500+ credit unions in the United States.
For more information about CUNA Mutual Group, click here or contact Marty Auxter by phone at 800-486-2917 ext. 204 or by e-mail at mauxter@ohiocul.org. |
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Executive Summary Centrix Financial is a Denver-based financial services firm that provides proven financial strategies and products and has been in operation since 1990.
Centrix Financial’s core product, the Centrix Portfolio Management Program (PMP), provides clients with a safe and profitable means of benefiting from the growing sub-prime finance market. The PMP was specifically designed to allow credit unions to fully, securely and profitably benefit from the growing sub-prime auto lending market. The PMP provides profit and security to the lender as well as fairness and opportunity to the borrower.
For more information about Centrix Financial, click here. |
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Executive Summary These days lenders are everywhere you look, as companies treat their customer transactions as springboards into the lending arena. Providing solutions to improve your lending is a top priority for CUNA Mutual Group (CMG). CMG’s products and services compliment your entire lending program with expanded product offerings, multi-channel 24X7 lending access, and tactics to dramatically improve your sales culture.
The Lender Development Program is designed to maximize lending event opportunities, deepen member relationships, and boost non-interest income. By integrating sales culture development and support with product selection, goal setting and performance tracking, credit unions learn to build, present, and deliver complete loan packages that result in an improved member experience and increased non-interest income. The Lender Development Program includes a proven set of tactics to dramatically improve your sales culture.
For more information about the Lender Development Program, click here. |
OCUL Services
Corporation
an
affiliate of the Ohio Credit Union System
5815 Wall Street, Dublin, Ohio 43017
(800) 486-2917 -- (614) 336-2894
www.OhioCreditUnions.org
E-mail OCULMail@ohiocul.org