CREDIT UNION ASSOCIATION OF NEW YORK INVESTS IN CU DIRECT CORPORATION
Ontario, CA, October 8, 2012 -- CU Direct Corporation, (www.cudirect.com), leading provider of lending solutions to credit unions through its CUDL, Lending Insights, Lending 360, CUDL Retail and Vero brands, has announced that the Credit Union Association of New York has purchased shares in the CUSO.
The Credit Union Association of New York is the 99th credit union organization to become a shareholder in CU Direct and, as a result of the new partnership, will be promoting the CUSO’s broad spectrum of lending solutions to its credit unions. The Credit Union Association of New York, established in 1917, serves 422 credit unions with $61 billion in assets, and their 4.7 million members throughout the state of New York.
“Our decision to partner with CU Direct Corporation is a sign of support for the CUSO and the value their products provide in the credit union marketplace,” said William J. Mellin, president/CEO, Credit Union Association of New York. “It also taps into the cooperative spirit that makes our movement so strong.”
This past February CU Direct paid a 3% cash dividend for the seventh consecutive year to its shareholders. More than 1,000 credit unions, serving 34 million members, are utilizing the CUSO’s lending solutions to enhance their line-up of member product offerings and services.
“We are excited to have the Credit Union Association of New York as a valued shareholder and partner in our organization,” stated Tony Boutelle, president and CEO of CU Direct. “We look forward to working with them to provide lending and marketing solutions that bring value not only to their credit unions, but to their credit unions’ members.”
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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. Through the company’s CUDL, Lending Insights, Lending 360, CUDL Retail, and Vero 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.