centrixfinancial.com -
A New Experience
We’ve developed a new website format for centrixfinancial.com. A streamlined navigation and single point of entry for CENTRIX business applications will enhance your experience. Input your username and/or password to access each business application. Click here to login.
For additional information or questions, please contact your Portfolio Manager or email us at pmp@centrixfinancial.com.
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CENTRIX Comments on Proposed Rule
On January 30, 2006 CENTRIX Financial officially commented on the National Credit Union Administration (NCUA) Board’s notice of the proposed rule regarding third-party servicing of indirect vehicle loans. Click here to read.
Send comments by February 21, 2006 to:
Mary Rupp, Secretary of the Board
National Credit Union Administration
1775 Duke Street
Alexandria, Virginia 22314-3428
Fax comments to (703) 518-6319
Email comments to regcomments@ncua.gov
Credit Union News
© 2006 CENTRIX Financial LLC
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CENTRIX Financial Business Outlook – 2006
By Robert E. Sutton
Chairman and CEO
The stage is set for us to renew our work together, with a new clarity of purpose and a new confidence in the safety and performance of the CENTRIX Portfolio Management Program™ (PMP).
We are entering a phase of expansion characterized by new levels of regulatory cooperation, operational efficiency and diversified funding. New NCUA guidelines, combined with process improvements and technological innovations at CENTRIX, have brought us to an exciting juncture in our evolution as a company.
Since the June 2005 Risk Alert, CENTRIX has worked closely with the National Credit Union Administration (NCUA) as they developed new regulatory guidelines for credit unions that originate loans through programs like the CENTRIX PMP.
Our discussions with the NCUA confirmed to us the importance of the CENTRIX approach to the burgeoning subprime lending market. And because we now have NCUA guidance for credit union involvement with the PMP, we can move forward with the assurance that regulatory requirements are being met at every step.
Click here for more
Velocity Credit Union Clears NCUA DOR
Velocity Credit Union has informed us that both the NCUA
and the Texas state regulators have lifted the DOR that was imposed after last summer’s Risk Alert.
Velocity is the first credit union to successfully complete its work to become fully compliant with the new
NCUA regulations and the first approved to resume business with third-party indirect lenders, including
CENTRIX.
Click here.
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