GRAND RAPIDS, Mich.–CU*Answers, a 100% credit union owned CUSO, plans to host an education event that reviews its automated decision model, 247 Lender, on Jan. 12th from 9:30 a.m. to 3:00 p.m. The session will cover the features the decision model offers today. The morning session will be hosted by Peter DeForest from Portfolio Defense who will be discussing model creations, best practices in decision modeling, and how Portfolio Defense can work with credit unions to enhance their existing model. The afternoon session of the conference will cover new decision models that CU*Answers is currently investigating.
In related news, Xtend, Inc. announced its newest credit union stakeholder – Redondo, California-based South Bay Credit Union.
Xtend President Scott Collins welcomed SBCU to the CUSO by noting, “Jennifer Oliver (SBCU CEO) has been a huge supporter of the efforts of our cuasterisk.com network since we first met a half-dozen years ago. Her active participation in focus groups, leadership events and the CU*Northwest (Liberty Lake, Washington based data processing CUSO) Board of Directors demonstrates her willingness to ‘walk the talk’ for our industry and our CUSO network in particular. We are excited to welcome Jen, her Board of Directors, and her team to our ownership family.”
SBCU is the second California-based credit union to buy Xtend stock; the CUSO now has 83 equal owners.