News & Announcements

CACU Member Achieva CU Signs with LoanStreet Inc.

Posted on August 14, 2017

LoanStreet Inc., the leading loan participation platform, welcomes Florida-­‐based, and proud board member of Corporate America Credit Union, Achieva Credit Union to its platform. “We're very excited to be working with LoanStreet,” said Cathy Marzetta, ACU Finance. “We've been doing loan participations for many years and LoanStreet is by far the best product we've seen in the space.”

Achieva is using LoanStreet to manage its entire loan participation portfolio of roughly $75 million. What would have been a significant amount of work every month, extracting data from their Core, running various calculations, tracking values and analyses month over month, and then distributing the information to participants, has become a single, simple data drop to LoanStreet. Each month, LoanStreet automatically calculates and produces the most accurate and comprehensive reports, and distributes them to Achieva’s participants. The risk of manual processing errors is eliminated and the headache of administration is gone.

“The reports are clear, concise and very detailed. The tools are easy to use. The team is hard working, responsive and genuinely cares about our feedback. We really feel like we have a partner in LoanStreet,” said Marzetta.

“We're thrilled to have Achieva as part of our credit union network,” said Ian Lampl, CEO of LoanStreet. “Achieva is a sophisticated organization that understands the value of harnessing technology to manage their business processes more efficiently. We look forward to working with them and Corporate America on other products as we continue to evolve and develop our platform.”

Pete Pritts, CEO of Corporate America added, “At Corporate America, we are constantly trying to source the most innovative solutions for our members.  LoanStreet is truly a world-­‐class platform that has really revolutionized the loan participation space. We're proud that Achieva, like so many of our other members, big and small, who've joined LoanStreet, are thriving from the experience.”

About Achieva CU

Achieva Credit Union was founded in 1937 in Pinellas County. Today, it is rated a Superior 5-­‐Star credit union by Bauer Financial and has more than $1.4 billion in assets and 24 branches serving more than 140,000 members. Anyone who lives or works in Charlotte, Collier, DeSoto, Hernando, Hillsborough, Lee, Manatee, Pasco, Pinellas, and Sarasota Counties, or whose family member has an Achieva Credit Union account can bank with Achieva. For more information about Achieva, visit www.achievacu.com.

About LoanStreet Inc.

LoanStreet Inc. (LoanStreet) is an innovative loan participation platform that enables institutions of all sizes to cost-­‐effectively participate loans in a regulatory-­‐compliant manner.  LoanStreet was co-­‐founded by  Ian  Lampl,  former  Deputy  Chief  Counsel  for  TARP,  following  the  financial  crisis  to  meet  the  acute need he saw for a standardized and automated loan participation platform. For more information or to join the LoanStreet network, please visit www.loan-­‐street.com or email:  info@loan-­‐street.com.

About Corporate America Credit Union

Founded in 1982 and based in Irondale, Alabama, Corporate America Credit Union is a dedicated, not-­‐ for-­‐profit financial cooperative with nearly 500 member credit unions.  Corporate America provides a variety of correspondent programs, including ACH, item processing, remote deposit capture, credit and liquidity and ALM services. Corporate America also provides programs for card services and e-­‐commerce solutions that members can offer to their membership.  For more information, call (800) 292-­‐6242 or visit  www.corpam.org.

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:  services@corpam.org

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.”