CU Direct Introduces Industry’s First Indirect Lending Benchmark Report

Your Strategic Link business partner, CU Direct has a new tool that could help credit unions improve their lending performance.

Staff Direct Valley Credit Union’s Latest Video

Challenged to create their own attitude statement, the staff at Valley Credit Union created a beautiful video showing what makes their credit union special.

$352 Million in Direct Benefits: What Does That Mean?

The recent Northwest credit union economic impact study found $352 million in direct member benefits. Here’s what that means.

Adding up $6.8 Billion in Credit Union Impact

With family-wage jobs, direct member benefits, and strong business activities, credit unions’ impact adds up.

Study: Northwest Credit Unions Deliver $6.8 Billion Economic Impact

Cooperative, member-driven credit unions contribute enormously to local and regional economies through business operations, employment, and direct member benefits, finds economic firm.

CU Direct Announces $60k in Donations to CMN Hospitals, up From $20k

Doernbecher will receive $5,000, with Fibre Federal and Unitus Community Credit Union tapped to co-present the donation.

Earn Your Local Children’s Hospital $20,000 From CU Direct

Vote for your local CMN Hospital during CU Direct’s 20th anniversary contest and you could help win that hospital a $20,000 donation.

Empower Auto Loan Portfolio Growth: Complimentary Webinar

Is your auto loan approval rate healthy, but your funding rate in decline? In today’s competitive finance environment, growing your auto loan portfolio can be a challenge. Autoland, a Strategic Link business partner, says the solution is a combination of the right resources and knowledge.

CU Direct to Pay 3-Percent Dividend to Shareholders; Autoland Earnings Beat Forecasts

CU Direct announces that will pay a 3-percent cash dividend to its 102 credit union shareholders — the ninth consecutive year that it has paid a dividend. Autoland, Inc. reports increased earnings for the third straight year; gross margin, vehicle sales and the CUSO’s auto-loan-to-sale-retention rate all increased, the company says.

Compliance Question of the Week

Our credit union participates in indirect lending where the auto dealers sign up new members. What are the CIP rules for the credit union?

Autoland Reports Most Profitable Year on Record in 2012

Citing increased business referral volume from an expanded partner base and sustained car buying demand, Autoland, Inc. posted a year-over-year net profit increase of 174 percent in 2012 and also raised its auto-loan-to-vehicle-sale retention rate to a combined 82 percent, driving $93.2 million in auto loans to credit union partners.

Easy Steps to Loan Portfolio Growth While Still Meeting Compliance Standards

Can your credit union successfully meet compliance standards and still experience loan portfolio growth in 2012? Lending Insights, a Strategic Link strategic partner, is hosting an hour-long webcast with valuable insight into the analytics that will help your credit union meet regulatory requirements and improve overall loan portfolio performance.

FinCEN Addresses Tax Refund Fraud Prevention and Detection

Credit unions are well positioned to discover instances of tax refund fraud, and FinCEN issued an advisory last week with several signs of potential fraud to be wary of in the coming weeks.

Governor Kitzhaber Nominates Patrick Allen to Direct DCBS

Patrick Allen, recently nominated to direct Oregon’s Department of Consumer and Business Services (DCBS), invites credit unions to help him truly understand their operations with the belief that regulation can be tailored to fit segments of the financial services industry.

Planning to Leave Your Bank on Bank Transfer Day? Here’s How to Take Action

As Bank Transfer Day draws near, here is some information to share with potential members who are considering switching from their bank to a not-for-profit credit union.

Governor Seeks to Appoint Environmentalist to Direct the DCBS

Ten months after the resignation of Oregon Department of Consumer and Business Services Director Cory Streisinger, Governor Kitzhaber is floating the name of a new candidate—environmental attorney Geoff Huntington.

Autoland to Host Lunch-and-Learn Meeting for Eugene-Area Credit Unions

Credit Unions attempting to improve their auto-lending business are invited by the nation’s largest credit union auto-buying service to a workshop in Eugene.

Legal Briefs

Your update on the regulatory landscape.