News & Announcements

Corporate America Adds New Board/Supervisory Members

Posted on May 8, 2017

Nancy Kline, President/CEO of Fire Police City County Federal Credit Union in Ft. Wayne, Indiana, moves from the Supervisory Committee to the Board of Directors.  Kline served on the Supervisory Committee for two years.    Michael Miller, President/CEO of IBM Southeast Employees Credit Union in Delray Beach, Florida, is the newest member of the Supervisory Committee.  CACU President/CEO Pete Pritts says having such seasoned executives is a definite win for the institution.  "We continue adding expertise to our talented group of volunteers.  We welcome Mike and Nancy to their new roles and look forward to their contributions making CACU better for credit unions!"

Board of Directors:
Chairman – Brad Long, First Florida Credit Union
1st Vice Chairman – Gary Fairley, Jackson Area Federal Credit Union
2nd Vice Chairman – Tangela Souders, Wiregrass Federal Credit Union
Secretary/Treasurer – Joey Hand, eCO Credit Union
Jane Boysen – Alabama Rural Electric Credit Union
George Glasser – Memorial Employees Federal Credit Union
Heath Harrell – Guardian Credit Union
Joyce Harrison – Mobile Postal Employees Credit Union
Monte Hill – Family Savings Credit Union
Dennis Holthaus – Achieva Credit Union
Mark Johnson – Naheola Credit Union
Nancy Kline – Fire Police City County Federal Credit Union
Blane Mink – APCO Employees Credit Union
Steve Nix – AlaTrust Credit Union

Supervisory Committee:
Chairman – Doug Key, Mutual Savings Credit Union
Karen DeLuca – America’s First Federal Credit Union
Michael Miller – IBM Southeast Employees Credit Union

Corporate America held its Annual Meeting and Conference April 24-26 in Sandestin, Florida.

Corporate America Donates to NCUF/BizKid$

Posted on May 5, 2017

"The initiatives and efforts of the NCUF under Gigi Hyland’s leadership are commendable.  We selected Biz Kid$ as a recipient of our donation knowing that in many schools around the nation, financial literacy is not a priority,” said CACU President/CEO Pete Pritts.  Pritts said CACU plans to continue to support the NCUF in many ways going forward. 

The National Credit Union Foundation serves as the charitable arm of America’s Credit Union movement, aiding people in achieving financial freedom.  The Foundation believes every consumer should have the proper education, tools and resources needed to strengthen financial well-being. One of their programs, Biz Kid$, teaches the younger generation about money and business, empowering them to develop life skills for the future.  Biz Kid$ includes an Emmy award winning television series, free classroom curriculum, outreach activities and a website for further learning.

CACU Boasts New Automation Product

Posted on March 10, 2017

Tired of downloading multiple files a day or posting to your core processor?   Corporate America CU has a brand new solution to help members streamline and automate manual processes.  These new automation services can save you valuable time when processing ACH, Share Draft, Returns, x9.37 files, Wires, Compliance or any other files.

CACU can not only deliver the files TO YOU, we can also automate the posting process to your core processor or any other software.  Save your credit union time and energy and inquire about these services today:

CACU Adds New Supervisory Member

Posted on July 25, 2016

Irondale, AL (July 25, 2016) Karen DeLuca, Director of Branch Operations at America’s First Federal Credit Union, is the newest member of Corporate America Credit Union’s Supervisory Committee.  DeLuca, a 30-year veteran in the industry, is looking forward to serving in this new capacity.  “Being in credit unions for 30 years, it’s very intriguing to me to see a different side beyond the natural person world.  I love credit unions and I am very honored to serve for Corporate America.  I love how down to earth, skilled and approachable the staff and other board members are and I think I can give back with my knowledge,” DeLuca said.

CACU President/CEO Pete Pritts says DeLuca’s service and dedication to credit unions makes her the perfect addition to the committee.   “We add more knowledge and talent to an impressive group of volunteers at CACU," Pritts said.  

DeLuca joins Doug Key (CEO of Mutual Savings CU, Alabama) and Nancy Kline (CEO of Fire Police City County FCU, Indiana) on CACU’s Supervisory Committee.   DeLuca is thrilled to work alongside many veterans in the industry.  “The integrity you currently have on the list of volunteers is really a wow factor for me.  It’s been a fantastic experience so far.”

Loan Participation off to great start

Posted on July 7, 2016

Irondale, AL - (July 7, 2016)   More than likely your credit union fits into one of two categories:  “Need More Loans” or “Need More Liquidity.”  Whatever your situation, Corporate America Credit Union has a solution.  Recently, CACU partnered with LoanStreet LLC, a new online automated platform allowing buyers and sellers to complete the loan participation process in a matter of seconds from the convenience of their computer or laptop.  Corporate America is now offering its nearly 500 members access to LoanStreet, giving them quick and easy access to the loans or liquidity they may need.

In May 2016, Texas-based Prestige Community Credit Union was Corporate America’s first member to complete a loan participation using LoanStreet.   CEO Sammy Shanafelt used the platform to improve ALM risk at his credit union while also creating a liquidity solution. “LoanStreet’s web platform is top notch.  It allows you to view the details of each loan sold, the servicing fees for each loan, and gives easy access to upload information about a particular loan or the overall loan portfolio,” Shanafelt said.

Shanafelt says without a doubt he will continue to use LoanStreet in the future.  “LoanStreet just simplifies the loan participation process.   From finding a loan participation buyer to facilitating the loan sale, and providing an easy solution to send and process monthly principal and interest payments to the buyers of loans, a relatively complicated process is greatly simplified.”

LoanStreet CEO Ian Lampl says he has a passion for helping financial institutions, but more importantly helping them with the proper technology.  “Without technology credit unions would continue to face mounting concentration issues and the inability to earn sufficient income to serve their members.  For us, loan participations are one small part of the overall picture to creating a healthy financial system.”