What is HyperDrive?

Our CUSO is constantly looking for ways to help drive more activity to your lending pipeline.  In 2014, we are rolled out a new service called HyperDrive.  HyperDrive capitalizes on the tricks of the trade we have learned through several years of executing effective lending campaigns.  HyperDrive is a series of targeted, turn-key, lending-centric marketing campaigns that leverage CU*BASE tools and Xtend resources.  We combine data mining expertise, our XT Direct loan lead process, electronic communication tools and a group of talented call center agents to drive loan leads to your underwriters.   In short, we provide a cost-effective “Xtension” of your lending team.

Want to leran more about the 2015 HyperDrive program?

Contact us by clicking here.

Trust for Credit Unions

Xtend Shared Branching Roundtable

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNIONS: You’re invited to the Xtend Shared Branching Roundtable on Thursday, March 19 from 10 AM to 12 PM ET at CU*Answers, located at 6000 28th St. SE, Grand Rapids, MI 49546.

Get together with your Xtend Shared Branching peers  to discuss enhancements, best practices, and more!
Register

If you cannot make it in person, you’ll be able to join by phone! (Details to be emailed after we receive your registration details.)

Xtend Shared Branching Roundtable

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNIONS: You’re invited to the Xtend Shared Branching Roundtable on Thursday, March 19 from 10 AM to 12 PM ET at CU*Answers, located at 6000 28th St. SE, Grand Rapids, MI 49546.

Get together with your Xtend Shared Branching peers  to discuss enhancements, best practices, and more!

Register
If you cannot make it in person, you’ll be able to join by phone! (Details to be emailed after we receive your registration details.)

Big Volume Increase for Xtend’s Loan Servicing Business Unit

When the numbers were tallied, Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it had experienced another year of significant growth for its loan servicing business unit. The unit is part of the CUSO’s Shared Resources and Staff (SRS) back office support team, and currently serves more than three dozen credit unions that are predominantly located in the Midwest. Xtend offers real estate and customized loan servicing support for credit unions that utilize the CU*BASE® core data processing system from its partner CUSO CU*Answers, Inc., a cooperative CUSO also located in Grand Rapids, Michigan.

In commenting on the growth of the loan servicing portfolio, Xtend President Scott Collins noted, “We have been working with our partners on the CU*Answers Management Services team over the past several years to offer an effective servicing solution at a price point that is disruptive to the traditional marketplace. Our goal is to ensure that every credit union on the CU*Answers core platform is able to maintain the relationship with the member through servicing of the loan regardless of the loan type. We still have a ways to go, but we are proud that the three dozen mid-market credit unions our team assists on a daily basis are expanding their portfolios, while at the same time driving more of the income to their bottom line.”

Collins indicated that the number of credit unions supported by his loan servicing team increased by 17% from January 1st through December 31st of 2014.

Xtend Welcomes Two New Owners

Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that its Board of Directors has ratified two new credit union stockholders. With the new owners, the twelve-year-old CUSO now has eighty-five equal stockholders that are located in seventeen states and the District of Columbia. The newest credit union owners are $51.9 million DGE FCU in Washington DC and $2.9 million Internet Archive FCU in New Brunswick, New Jersey.

In commenting on the newest owners, Xtend President Scott Collins said, “We are pleased to announce that two more partners have joined our ownership ranks. Each has been a supporter of our CUSO for many years through not only patronage of our products and services, but participation in the collaborative activities that permeate our network. While in different geographies, each credit union is providing valuable financial services to diverse and economically challenged communities. I couldn’t be prouder of how DGE FCU CEO Carla Decker and IAFCU CEO Jordan Modell are making a difference in their marketplace, and I look forward to the ongoing collaboration between our collective teams for many years to come.”

Collins noted that both credit unions will be recognized formally at the CUSO’s Annual Stockholder Meeting in Grand Rapids, Michigan on June 16th.

Xtend’s First Quarter Financials Exceed Expectations

News of impressive results continued for Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, whose 1st quarter fiscal results for the 2015 fiscal year were released to owners of the twelve-year-old business earlier today.

In his quarterly newsletter to stockholders, Xtend President Scott Collins wrote, “I couldn’t be happier with the way the team has come out of the gate in this first fiscal quarter. We are more than 10% ahead on our overall sales, we are under budget from an expense standpoint, and we are ahead of our revenue measurements in nearly every major brand. I am pleased that we carried the momentum of a strong 2014 into all of our business units this winter. And we have a strong opportunity pipeline teed up to execute upon for the next several business quarters.”

According to Collins, the CUSO experienced 1st quarter growth over the same period in 2014 numbers, led by its Member Reach e-Communication brand (+70%), its Compliance Monitoring practice (+46%), its Xtension Call Center (+27%) and its Loan Servicing unit (+5%). “We had a very strong first quarter last year and we were coming off a very solid finish to the year, so I was anxious to see how the team would respond,” said Collins. “As the numbers bear out, our team continues to execute effectively, and the demand for our products and services continues to resonate across the industry. And it’s a win-win that our services designed to drive income for our customer-owners are leading the way.”

Another Cooperative Investment Opportunity

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNIONS: Another Cooperative Investment Opportunity – brought to you by Xtend Cooperative Liquidity Exchange!

Check out the 24-month CD offering that MidUSA Credit Union has exclusively for you, their cuasterisk.com network partner!

To find out more about cooperative investment opportunities or to post your own investment opportunity for your network partners, visit the Xtend Cooperative Liquidity Exchange site.

Another Cooperative Investment Opportunity

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNIONS: Another Cooperative Investment Opportunity – brought to you by Xtend Cooperative Liquidity Exchange!

Check out the 24-month CD offering that MidUSA Credit Union has exclusively for you, their cuasterisk.com network partner!

To find out more about cooperative investment opportunities or to post your own investment opportunity for your network partners, visit the Xtend Cooperative Liquidity Exchange site.

Another Cooperative Investment Opportunity

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNION CEOs:  Check out the 48-month CD offering that PrimeSource Credit Union has exclusively for you, their cuasterisk.com network partner!

To find out more about cooperative investment opportunities or to post your own investment opportunity for your network partners, visit the Xtend Cooperative Liquidity Exchange site.

Another Cooperative Investment Opportunity

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNION CEOs:  Check out the 48-month CD offering that PrimeSource Credit Union has exclusively for you, their cuasterisk.com network partner!

To find out more about cooperative investment opportunities or to post your own investment opportunity for your network partners, visit the Xtend Cooperative Liquidity Exchange site.

Another Cooperative Investment Opportunity

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNION CEOs: Check out the 60-month CD offering that PrimeSource Credit Union has exclusively for you, their cuasterisk.com network partner!

To find out more about cooperative investment opportunities or to post your own investment opportunity for your network partners, visit the Xtend Cooperative Liquidity Exchange site.

Xtend Cooperative Liquidity Exchange

http://www.xtendcu.com | Phone: 616.285.5711 | Toll Free: 800.327.3478 | Fax: 616.285.5735
WP-Backgrounds Lite by InoPlugs Web Design and Juwelier Schönmann 1010 Wien
Please wait...