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CU Resources announces three shared compliance programs

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FARMERS BRANCH, Texas (1/29/08)--Credit Union Resources’ Shared Compliance Initiative has introduced three new compliance programs: Policy Review, Web Site Compliance Review and Vendor/Third Party Due Diligence. Each program can be completed off-site. Policy Review creates and updates policies, including those that are missing or incomplete (LoneStar Leaguer Jan. 28). Web Site Compliance Review provides reviews of the credit union website, policies and documentation, including compliance regulations, regulatory issues, best practices and security. Vendor/Third Party Due Diligence aims to help credit unions perform and assemble due diligence on prospective vendors. A risk assessment on seven areas, including an organization’s background, business model, financial health and risks is available.

CUSP changes jobsite address

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ARVADA, Colo. (1/29/08)--Credit Union Strategic Partners (CUSP) has changed the address of its credit union jobsite to www.creditunionjobnetwork.com. The site offers employers a targeted pool of job candidates with experience in the credit union industry. Job postings cost $197 for 45 days and can be edited at any time. CreditUnionJobNetwork.com recruits employees in the credit union industry in Colorado, Wyoming, Idaho, Montana, Nebraska, Kansas and Utah. CUSP is a franchise owner of HRValue Group and a wholly owned subsidiary of the Credit Union Association of Colorado.

CashEdge online transfers up 300

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NEW YORK (1/29/08)--CashEdge Inc. transferred more than $38 billion through its money movement solutions in 2007, a 300% increase over 2006. “We are transferring tens of millions of dollars each day,” said CashEdge CEO Sanjeev Dheer. CashEdge’s money movement solutions include TransferNow and FundNow, which allow transfers between accounts at more than 23,000 financial institutions nationwide. TransferNow automates the verification of held-away accounts, manages risk and moves funds through multiple payment networks. FundNow enables financial institutions to increase their new funding rate by simplifying the account funding process. CashEdge provides online financial applications to financial institutions, including credit unions.