CUSO’s Board of Directors Appoints Kinecta’s Sultemeier
ONTARIO, CA (September 25, 2013) -- CU Direct Corporation, (www.cudirect.com), leading provider of lending solutions to the credit union industry, today announced the appointment of a new associate director to its board of directors.
Keith Sultemeier, president & CEO of Manhattan Beach, California-based Kinecta Federal Credit Union ($3.1 billion in assets) has been appointed by CU Direct’s board of directors as an associate director. Sultemeier has over 13 years’ experience in the credit union industry, and has been the president and CEO of Kinecta FCU since April of 2012. Prior to Kinecta, Sultemeier was the executive vice president at San Antonio, Texas’ Security Service Federal Credit Union.
“It’s a privilege to be serving on CU Direct’s board of directors,” said Sultemeier. "I look forward to working with the board and management of CU Direct to continue to build and develop products that will help credit unions make more loans and increase their efficiencies."
Also serving on CU Direct’s Board of Directors are: chairman, John Lund, CEO of America First Credit Union; vice chairman, Jeff March, CEO, Citadel Federal Credit Union; secretary and treasurer, Nader Moghaddam, president & CEO, Financial Partners Credit Union; Diana Dykstra, president and CEO, California Credit Union League; David Reynolds, CEO, Security Service Federal Credit Union; Barry Jolette, president and CEO, San Mateo Credit Union; Sterling Nielsen, president and CEO, Mountain America Credit Union; Donna Bland, president and CEO, Golden 1 Credit Union; Chuck Purvis, president and CEO of Coastal Federal Credit Union; and Joe Brancucci, president and CEO of GTE Financial, ex-officio member of the board.
CU Direct has facilitated $120 billion in credit union auto loans since 1994, offering innovative products, building networks, and providing thought leadership to the industry. The company has introduced new efficiencies to the loan origination process, created better auto shopping experiences for credit union members, and helped credit unions better manage lending risk.
The company provides a wide range of lending solutions and services to more than 1,050 credit unions and their 34 million members nationwide. The CUSO’s solutions include CUDL, Lending Insights, Lending 360, OnSpot Financing, Vero, and its suite of auto buying products.
CU Direct credit unions collectively have experienced 16% auto loan growth in 2013. As a result, CU Direct partner credit unions, as an aggregate, have become the fifth largest auto lender in the nation, up from the seventh largest in 2012.
About CU Direct Corporation
Established in 1994, CU Direct Corporation has helped the credit union industry fund over $120 billion in loans by being the nation’s leading lending solution provider for credit unions. Representing more than 1,000 credit unions, CU Direct specializes in solutions that help credit unions generate loans, manage risk and provide value to members. CU Direct Corp. offers a diverse, extensive library of products and services designed to help credit unions advance their lending programs and achieve overall portfolio success. Solutions include CUDL, Lending Insights, Lending 360, OnSpot Financing, Vero, and its suite of auto buying products. For more information about CU Direct Corporation visit www.cudirect.com.