Replies to post #11937 on iGen Networks Corp (IGEN)

[Alley-oop]

Our simple GPS tracking solution was designed with your needs in mind, giving you access to the tools and intelligence you need to sell more loans while decreasing your delinquencies and repossessions.
CU Trak allows you to pass GPS tracking benefits on to your customer, providing peace of mind by giving them access to our user-friendly mobile apps to monitor their vehicle, with an easy to use system.

Once the device is in the hands of the customer and the three years of service is nearing expiration, we will contact the customer for renewal options on the service and software usage.

It is imperative that the institution input vehicle data accurately (stock #, VIN #, customer info, etc…) this enables us to ensure our customer is happy with their overall service, even after they have left the dealership. After the device is sold to the customer, you (as the institution), use our proprietary software (free two-hour training included) to determine new ownership which will enable us to support our customer for technical inquiries, customer service, and sales.

[Common_centz]

This should be stickied

[uw86]

Thanks! Demonstrates the potential of these agreements.

[LOVE*PINK]

$$$$$$$$$$$$ EPIC POST. That was EPIC. Those who did DD and load will gain much dollars next few weeks.

[PappaJohn]

The deal signed possibly may have a larger footprint than Michigan.

Searching for information on the Michigan Credit Union League Solutions Corp, I found

Company Name: MICHIGAN CREDIT UNION LEAGUE SERVICE CORPORATION
File Number: 05125R
Filing State: Michigan (MI)
Filing Status: Active
Filing Date: April 10, 2013
Company Age: 7 Years, 2 Months
Registered Agent:
Drew Egan
38695 Seven Mile Rd Ste 200
Livonia, MI 48152

https://www.bizapedia.com/mi/michigan-credit-union-league-service-corporation.html

This may be the same as

CU SOLUTIONS GROUP, INCORPORATED
MICHIGAN DOMESTIC PROFIT CORPORATION

Address: 38695 W. Seven Mile Rd Ste 200
Livonia, MI 48152
Address Types: Registered Agent
Registered Agent: J. Andrew Egan
Filing Date: August 30, 2010


If so...

Headquartered in Livonia, Michigan, we proudly serve more than 3,400 credit union clients nationwide along with partners across 48 states. We have built strong alliances with Sprint, Intuit TurboTax®, GSTV and CU Vendor Management.

We are majority-owned by the Michigan Credit Union League and have more than 100 investors comprised of leagues, credit unions and credit union system organizations including CUNA Mutual Group and CO-OP Financial Services.

https://www.cusolutionsgroup.com/about-us/about-us

Serving 3400 credit unions nationwide is a large footprint.

(LP, thanks for the IGEN tip)

[LOVE*PINK]

MUST READ POST about TODAY's NEWS

Today’s deal is significant. MCUL is a top 20 credit union in the country with over 5.3 million members. The annual subscription cost for IGEN’s CU Trak is $399 (see link below). I don’t know what IGEN’s profit margin is, but even if I use very conservative assumptions this deal could lead to over $2 million in RECURRING sales because its based on subscriptions.

Example: assuming only 1% of MCUL members take out a car loan and a $50 margin for IGEN, that works out to $2.65 million in sales.

https://www.mcul.org/membership/2019-mcul-affiliation-2

https://iotfactory.sprint.com/product/cu-trak-financial-institution-asset-tracking-2/

[todamoon]

IGEN is going to be huge! That is amazing!

[mdsone]

This PR went completely under the Radar. imo.. yes some people see it.. but most don't do any DD to see the impact. Just because a PR does not have a fancy $$$$HUGE DOLLAR$$$$ amount listed in the PR does not always mean it was Fluff... a big difference in big board stocks and otcs… is the way they PR.. notice how Chan is doing his... hmmmm just slipped this right over the heads of otc traders it seems.

https://www.otcmarkets.com/stock/IGEN/news/IGEN-signs-Sales--Marketing-Agreement-with-Michigan-Credit-Union-League-Service-Corporation?id=264406.

Direct from PR.

MURRIETA, CA / ACCESSWIRE / June 10, 2020 / IGEN Networks Corporation (OTCQB:IGEN)(CSE:IGN), a leading innovator of Internet of Things (IoT) automotive and commercial fleet solutions, today announced the signing of a Sales and Marketing Agreement with Michigan Credit Union League Service Corporation(MCULSC)

Shows the Ongoing and Future needs recognized by Banks!
"More and more credit unions around the country are offering "Fresh Start" programs directed toward members with credit challenges who need to obtain a vehicle loan at fair and reasonable interest rates, CU Trak provides a valuable win-win situation for the lender and the consumer.



CU Michigan

"The company is majority-owned by the Michigan Credit Union League and has more than 100 investors comprised of credit unions, credit union leagues and credit union system organizations including CUNA Mutual Group and CO-OP Financial Services. Headquartered in Livonia, MI, the organization serves nearly 3,400 credit unions nationwide."

Specialties-Technology Solutions, Marketing Solutions, Performance Solutions


https://iotfactory.sprint.com/product/cu-trak-financial-institution-asset-tracking-2/ $399

https://www.linkedin.com/company/micreditunions

https://www.linkedin.com/company/cusolutionsgroup?trk=similar-pages_result-card_full-clickhttps://
https://www.brightscope.com/401k-rating/184680/Michigan-Credit-Union-League/187596/Retirement-Plan-For-Michigan-Credit-Union-Employees-401K-Savings-Plan/


Michigan Credit Union League: Net Plan Assets $588,000,000


Most OTC Companies are NOT doing business with $588Million ASSET Companies..PERIOD!

IF THAT IS NOT IMPRESSIVE ENOUGH >>> TRY THIS LITTLE GEM>> they very importantly mention " Including CUNA MUTUAL GROUP!" in the PR... did all of you kinda miss that?

lets take one look at CUNA MUTUAL GROUP...>>>

https://en.wikipedia.org/wiki/CUNA_Mutual_Group

WHOOO BOOOM WHAT? LOOK AT THAT...with 2017 numbers listed btw..

REVENUE: 3.5Billion with a B
TOTAL ASSETS 20.6BILLION with a B!


This is not just for Michigan!

CUNA Mutual Group employs nearly 3,700 people in offices in Waverly, Iowa; Great Bend, Kansas; Fort Worth, Texas; and Madison, Wisconsin; as well as field employees located throughout the United States. There are 1,900 employees working in Madison, Wisconsin, the company's world headquarters.[9]
The company's international locations include the Dominican Republic, Jamaica, Puerto Rico, and Trinidad and Tobago.[10]


That's the Kinda Deals Chan is pulling off!.. and why HE is BUYING HIS OWN SHARES!!!!

Now it kinda seems like Chan just pulled off a Nation Wide AND an International DEAL to me....

All..IMO 20.6BILLION!