Insurance Products & Services – AVCU’s longest running business partnership is with the company that has been an integral part of the credit union movement for more than 80 years. Offering a complete menu of insurance services for credit unions and their members, CUNA Mutual is also the presenting sponsor of AVCU’s website and online Annual Yearbook.
Indirect Lending — Our partnership with CU Direct delivers some of the most preferred pricing available in the marketplace. AVCU’s participating network of approximately 150 vehicle dealers also offers rapid problem resolution, waived set up fees, and free AutoSmart car shopping service.
AVCU’s CUcard ATM/debit program partnership with Vantiv enables credit unions to provide members with these services at greatly reduced costs while AVCU staff handle all compliance and technical details. Through our special arrangement, AVCU has reduced the average cost of transactions for credit unions by 75% during the last decade, provided very low-cost access to the Falcon surcharge-free ATM network, and delivered outstanding member service by handling charge-backs, coordination of ATM installations and conversions, and compliance issues.
CO-OP ATM Network / CO-OP Shared Branching — Through AVCU’s preferred partnership status with CO-OP Financial Services, more than 30,000 surcharge free credit union ATMs are available nationwide with a variety of cost savings for credit unions through reduced or waived fees. AVCU administers Vermont’s shared branching network that is part of a shared branching network with more than 5,000 locations nationwide. We establish preferred in-state pricing between credit unions and provide simplified invoicing and problem resolution, as well as discounts or waivers on set up and monthly fees.
Corporate Credit Union Services — Tricorp Federal Credit Union has been the trusted partner of AVCU and many of our members for more than 35 years. Credit unions turn to Tricorp for investment solutions, funds transfer, liquidity solutions, correspondent services, and much more. AVCU also partners with Tricorp for the New England Financial Executives Council, whose mission is to facilitate the exchange of ideas among peers, promote interest in the movement, foster cooperation, improve operations, and further in every way the development and progress of credit unions.
Share Draft Processing / Direct Marketing Services — Synergent offers discounts to AVCU members on their convenient eDesk service that enables credit unions to retrieve member draft images via the Internet. Discounted Direct Marketing Services from Synergent focus on producing exceptional results through targeted campaigns that obtain bottom line results through the effective use of data and omnichannel marketing.
Vehicle Service Contracts / GAP Coverage — As an enhancement to our Indirect Lending program, AVCU’s newest partnership with CU Certified gives credit unions their first opportunity to participate in up to 100% of the underwriting profits from these sales using a best in class provider. While current vehicle service contract administrators used by credit unions typically keep every dollar of denied members’ claims as profit, CU Certified underwriting premiums are owned by the participating credit unions. Thus there is no financial gain or loss clouding claims decisions over additional profit for the administrator, assuring the best possible coverage experience for your member.
Mortgages — Our partnership with CU Members Mortgage provides optional and flexible mortgage programs to fit any Vermont credit union’s asset portfolio.
Electronic Document Storage — offered in partnership with eDOC Innovations, an ecommerce software development company specializing in mobile enterprise digital transaction management solutions.
Discounts on CUNA Strategic Services (CSS) — AVCU provides an average of 10% price reductions on products and services from CSS endorsed vendors, including:
a. 3SI – security solutions for cash protection
b. Abound Resources – vendor risk and enterprise risk management services
c. BAE Systems -IT security services
d. Agility Recovery – mobile recovery services
e. CUNA Strategic Services – calendar program
f. CU People – payroll processing
g. Fannie Mae – secondary mortgage market
h. Freddie Mac – secondary mortgage market
i. Lendkey – private student loan program
j. Harland-Clarke – marketing, draft printing, and business checking
k. ID Analytics – cross-industry compilation of identity fraud information
l Buzz Points – merchant rewards
m. Informa Research Services – rate intelligence and mystery shopping
n. JMFA – overdraft privilege, contract optimization
o. Digital Insight – online and mobile Banking
p. Office Depot / Office Max – office products and workplace planning
q. GreenPath – financial counseling
r. Ongoing Operations – business continuity planning
s. Passageways – collaborative management
t. Newtek – Business Loans
u. Trace Security – IT security compliance, risk management, IT audits
v. Verafin – BSA/anti-money laundering and fraud detection software
Credit Cards — Turnkey credit card services offered in partnership with FIS
Home equity underwriting and settlement services — discounted program offered in conjunction with MemberClose
Legal Services — Free ½ hour per month legal consultation, a $200 value, through Bauer Gravel Farnham Attorneys at Law
Compliance — 10% price reduction on services provided by Wolters-Kluwer
Merchant Card Processing — multiple solutions offered in conjunction with PowerPay.
Human Resources Management — discounted services offered in conjunction with HRN