CU DIRECT CORPORATION REACHES 1000 CLIENT MILESTONE
Chicago, Illinois, Thursday, May 17, 2012 -- CU Direct Corporation (www.cudirect.com), parent for the CUDL, Lending Insights, Lending 360, CUDL Retail and Vero brands has revealed this week during its annual credit union lending conference that it has surpassed the 1000 credit union client milestone.
CU Direct announced that 1,006 credit unions, representing 28 million members nationwide, are now utilizing the CUSO’s lending solutions to enhance their line-up of member product offerings and services.
A number of recent credit union signings helped the CUSO reach the milestone, including: San Diego, California-based USE Credit Union; Credit Union of Colorado; Oahu, Hawaii’s HawaiiUSA Federal Credit Union; Honolulu-based Hawaiian Tel Federal Credit Union; Dallas, Texas-based Advancial Federal Credit Union; Connecticut’s American Eagle Federal Credit Union; Ridley Park, Pennsylvania’s Boeing Helicopters Credit Union; and Elko, Nevada-based Elko Federal Credit Union.
The Ontario, California-based CUSO began operations in 1994, serving a small client base consisting of California credit unions. The CUSO offers a diverse, extensive library of products and services designed to help credit unions advance their lending programs and achieve overall portfolio success. In 18 years the CUSO has grown to include its very successful CUDL auto lending brand and Lending Insights portfolio management brand, and more recently its Lending 360, CUDL Retail and Vero brands.
Earlier this year, CU Direct announced that it had signed new agreements with 128 credit unions in 2011 and had paid a 3% cash dividend to credit union shareholders for the seventh consecutive year, totaling $1,395,450 for the 2011 calendar year.
On surpassing serving 1000 credit unions, Tony Boutelle said, “we are very excited and thankful to all our credit union partners. Simply put, our goal is to help credit unions succeed. Our focus continues to be on providing innovative lending and marketing solutions that bring value not only to credit unions, but to their members, and to the auto dealer community.”
During the conference this week the CUSO also announced that its 2013 lending conference will take place in Las Vegas, Nevada, at the Cosmopolitan Hotel and Resort, May 22-23, 2013.
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About CU Direct Corporation
Established in 1994, CU Direct Corporation is the credit union industry’s foremost provider of leading lending solutions. Parent to the CUDL, Lending Insights, Lending 360 , Vero and CUDL Retail brands, CU Direct Corp. offers a diverse, extensive library of products and services designed to help credit unions advance their lending programs and achieve overall portfolio success. For more information about CU Direct Corporation’s brands and full range of best-in-class lending products and services visit www.cudirect.com.