In Brief, May 3
7 Questions Every Credit Union Should Ask About Recovery & Remarketing Webinar
CU Direct’s informative webinar, “7 Questions Every Credit Union Should Ask About Recovery & Remarketing,” is available May 23 at 1:00 p.m. EST.
Are your recovery and disposition processes both convenient and compliant? CU Direct, in partnership with SRS, Element and Manheim, offers credit unions vehicle remarketing solutions; delivering a single-source, all-inclusive solution for recovery and disposition of repossessed assets. CU Direct’s long-standing relationship with these partners helps credit unions’ remarketing efforts for increased success at auction.
Optimizing asset recovery and disposition while getting maximum auction value is critical to lending strategy. In this webinar, experts from SRS and Element will be providing actionable advice on how to measure recovery and disposition efforts against key industry benchmarks relating to recovery agent performance and wholesale auction performance.
MCUL’s New Lending School
Register now for MCUL’s new Lending School, held Oct. 22-23 at the MSU Henry Center in East Lansing. Registration is $438 per person for the full conference and $219 per person for one day, and features Don Arkell, a consultant with CULendingAdvice. Accommodations are being held at the Candlewood Suites East Lansing, which is connected to The Henry Center.
Credit Union ONE Supports the 31st Leaps and Bounds Celebration
Leaps and Bounds Family Services celebrated their 31st anniversary celebration on April 11, at the Ukrainian Cultural Center in Warren.
Credit Union ONE sponsored a table, and team members enjoyed a full dinner and a silent auction to support the many programs provided to the children and families of Leaps and Bounds. Educational programs are just a part of the many services provided to at risk children and families in Macomb and Wayne County.
“The educational programs provided, and the advancement of the children who participate is truly amazing,” said Vice President of Community Relations John Kozich. “We look forward each spring to supporting this yearly fundraising event and surely will continue in the future with this wonderful organization.”
United Federal Credit Union Donates $730 to Logan Center of Benton Harbor
United Federal Credit Union (UFCU) donated $730 to the Logan Center as a result of its “You Color, U Donate” contest. For each page entered, United donated $1 to Logan Center. A total of 730 coloring sheets were submitted by credit union employees, members and the community.
“It’s truly inspiring to see not only the community participation in the ‘You Color, U Donate’ awareness campaign, but also the participation of so many children who were happy to submit coloring sheets to help out a great cause,” said St. Joseph Branch Manager Jodie Kitchell. “It’s a small way for all of us to show our continued commitment to the Logan Center and its mission to help raise awareness about autism right here in Berrien County.”
As part of the contest, UFCU also awarded a $500 Youth Savings Deposit to one of the children who submitted a coloring sheet.
In October 2017, UFCU agreed to a capital donation of $30,000 over three years to help Logan Center’s self-sustaining operations at its Benton Harbor facility. Room 4 of the facility was also dedicated to United.
The Logan Center supports people with intellectual and developmental disabilities so they, and their families, may achieve their desired quality of life. Their services allow children to transition from special needs classrooms to mainstream general education classrooms.
Overdrafts and Lawsuits: What you need to know
Overdraft bills may have lost steam in DC, but credit unions still need to be diligent on overdraft programs as lawsuits and demand letters continue. We have put together some best-practices to help.