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Four vendors join 16 in Minnesotas Vendor Involvement

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ST. PAUL, Minn. (1/27/11)--The Minnesota Credit Union Network (MnCUN) welcomed 20 participants to its Vendor Involvement Program (V.I.P.) on Jan. 1. The V.I.P., created in 2005, provides service organizations with an opportunity to work with MnCUN and increase their visibility among Minnesota credit unions. Designed to optimize business relationships with the state's credit unions, the advertising program offers annual meeting packages, exposure and opportunities to participate in new MnCUN initiatives. Of the 20 organizations, four are new, while 16 have renewed their participation. The new vendors are:
* AmeriCU; * CRW Insurance; * John M. Floyd & Associates; and * StarWest Chevrolet Honda Sports.
The program "gives credit union service providers an easy way to get their message in front of Minnesota credit unions," said Mark D. Cummins, MnCUN president/CEO. "In a time when so many companies are looking to make the most out of their advertising dollars, this packaged program provides opportunities throughout the year to speak directly to their target audience." Participants must offer professional service, quality product lines and competitive pricing, and must appreciate the qualities that make credit unions unique and understanding the importance of service. Participation does not constitute an endorsement by MnCUN.

Worldwide Interactive offers VSoft item capture to CUs

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DULUTH, Ga. (1/27/11)--VSoft Corp., an information and technology provider of process improvement solutions for financial institutions, has partnered with Orlando, Fla.-based technology provider Worldwide Interactive Services to offer VSoft’s Teller and Home/Office Item Capture services to its CUtopia core credit union customers. CUTopia’s core software solution was developed to provide credit unions with an in-house system that can be tailored to meet both individual credit union and member needs. Leveraging CUtopia e-Suite banking with VSoft’s remote deposit capture solutions helps credit unions reduce operational costs and compete with larger institutions, said John Panteleon, president/CEO at Worldwide Interactive Services. “VSoft shares in our dedication to helping credit unions stay ahead of the technology curve and guarantee member satisfaction,” Panteleon said. VSoft’s teller capture solution allows credit unions to capture deposits at the teller window, or behind the teller line in the branch back office, depending on strategy, branch footprint and deposit mix. Its Home/Office Item Capture solution enables credit unions to further extend their services by providing added convenience for personal or small-business members.

Open Solutions DNA 3.0 to help CUs create revenue

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GLASTONBURY, Conn. (1/27/11)--Technology provider Open Solutions Inc. has released the newest version of its enterprise-wide core relational platform, DNA 3.0. The first new release since DNA was introduced in 2008, DNA 3.0 has more than 120 enhancements. DNA 3.0 will create new revenue opportunities for credit unions by supporting their ability to offer new products and services. “In the wake of recent regulatory changes, we sought to enhance our core platform and enable our financial institution clients to succeed in a troubled economy,” said Esther D’Albero, vice president of core-product development at Open Solutions. “Recent changes to the financial regulatory environment have challenged institutions to look for non-traditional sources of revenue.” DNA 3.0 also allows financial institutions to offer new products and services to small business customers, an increasingly important market for banks and credit unions, and gives them more opportunities to cross-sell because products are better segmented in the new version. Butch Leonardson, senior vice president and chief information officer of BECU, Seattle, said his credit union’s conversion to DNA 3.0 exceeded expectations. “The entire process went very smoothly; over the course of one weekend our credit union went live with the new platform and the following Wednesday our command center shut down. Through the course of this transition, every effort was made to mitigate possible issues and in the end, there were none that needed to be addressed.”