| - “The officials should determine whether the proposed activities are consistent with the credit union’s overall business strategy and risk tolerances.” |
| CURE |
CURE works closely with their Credit Union partners to ensure the mutual goals are reached without impeding upon the current business model of the Credit Union. In addition, the Cure program enables the credit union to serve members that otherwise would go un-served. |
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| - “It is always important to understand how the third party has performed in other relationships. Contacting credit unions or other clients of the third-party is essential.” |
| CURE |
CURE has several strong relationships with credit unions, and we encourage prospective credit union partners to contact our references. |
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| – “The credit union’s attorneys should review all contracts to ensure that the officials clearly understand the rights and responsibilities of each party.” |
| CURE |
On a continual, the CURE program agreements have passed internal audits as well as audits performed by State and Federal regulators. The Cure contract ensures that the credit union is adequately protected against any potential losses. |
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| – “Financial statements of the company should be reviewed to determine the strength of the institution.” |
| CURE |
CURE’s financial condition is quite sound . This combined with the loan loss reserve accounts maintained in each credit union ensure further security for the credit union. |
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| – “The credit union should project its expected revenue, expenses, and net income on its investment, and recognize how each of these factors may change under different economic conditions." |
| CURE |
CURE’s program increases the loan portfolio for the credit union without increasing risk of loss for the credit union. Think of this as having an entire portfolio with over 800 hundred beacons. |
