First Citizens' FCU Is Now An SBA Lender

FAIRHAVEN, Mass.-The $575-million First Citizens' FCU has been named an authorized SBA Lender by the U.S. Small Business Administration, with the ability to underwrite commercial loans using SBAExpress and SBA Patriot Express loan programs. Both products streamline small business loan requests, start-up operations, working capital and more. SBAExpress is designed to provide businesses with a faster turnaround time on loans, and SBA Patriot is aimed at veterans and military members looking to establish or expand small businesses. Both programs accompany the full complement of SBA loan opportunities currently available.

Pacific Service CU Launches Loan Saver Service

WALNUT CREEK, Calif.-Pacific Service CU has launched a "Loan Saver" service to help savvy borrowers determine if refinancing will be beneficial for them. The service is available for free on PSCU's website and the loan calculator can be used by both members and non-members. Would-be borrowers do not have to disclose contact information to get results. Loan Saver can be used to calculate savings on car loans, home equity, mortgages, credit cards, personal loans and more. The site makes calculations based on the CU's current rates; users can estimate whether their credit is excellent, good, fair or poor and the site makes adjustments to its base rates.

More info: www.pacificservice.org/loansaver

Suffolk FCU Offers Remote Deposit Capture

MEDFORD, N.Y.-Suffolk FCU now offers remote deposit capture for business checking account holders. Deposits can be made 24 hours a day from a personal computer, and all deposits made by 3:00 p.m. on regular business days will be credited that day. Deposits made after that time will be credited to accounts on the following business day.

Service CU Now Offers Germany's girocard

PORTSMOUTH, N.H.-Service CU now offers the girocard, a German debit card that is available at all branches on military installations in Germany, and direct deposit or allotment are no longer required to receive the girocard.

girocard is widely accepted by vendors in Germany and transacts purchases in Euros (interchange fees apply); the card also contains chip and PIN technology which is safer than magnetic stripe technology used on most American cards.

Service CU was the first American FI in Germany to introduce chip and PIN and offer the girocard.

SAD FCU Give Birth To 'Baby Bundle' Program

BELLEVUE, Neb.-SAC FCU now offers the "Baby Bundle Savings Plan," a certificate product encouraging parents to save for their children's future. Baby Bundle allows parents, friends and family members to add deposits throughout the term of the certificate. Terms of one and two years are available, and SAC FCU contributes $25 to each one-year term and $50 for each two-year term that reaches maturity.

Baby Bundle accounts are available to children during their first year and can remain open and growing throughout the child's lifetime. Additionally, SAC FCU presents each accountholder with a special Baby Bundle gift pack that includes a Baby Bundle onesie, pacifier and piggy bank.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.