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Credit Unionís New Lending Strategy Brings Unexpected Benefits Beyond Loan Growth

Sandia Laboratory Federal Credit Union, Albuquerque, N.M., thought its switch to CU Directís CUDL platform would help the credit union provide more convenience to its existing members who were looking to buy a car. But what the credit union didnít anticipate was a dramatic surge in new memberships. SLFCU was founded in 1948 by 15…

LOS Automation Allows Kings Federal Credit Union to Lend Large

LOS Automation Allows Kings Federal Credit Union to Lend Large

When credit union executives think of liquidity management tools, loan origination software isnít typically the first thing that comes to mind. But thatís exactly how Kings Federal, a SEG-based credit union in Hanford, Calif., is using CU Directís Lending 360 loan origination system (LOS). Kings Federal is a robust auto lender, with auto loans representing…

Matters of Speed and Automation

Matters of Speed and Automation

CU Directís maxim ďGetting to Yes Faster,Ē referencing quick yes decisions on loan applications, has a nice ring to it. But Iíd argue this isnít just about getting to a ďyesĒ decision quickly.† Itís also about making fast loan decisions in general, regardless of whether the answer is yes or no.† Fast decisions overall are…

Looking Forward to the Next Year with Resolve

Looking Forward to the Next Year with Resolve

If you are at all like me, then you imagine a day where you can get the things done that YOU have set as a priority, rather than spending your time meeting otherís expectations.† Over the last twelve months, we have seen a number of new issues on the horizon that promise to fill out…