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CUNA Mutual announces 2011 risk-protection webinars

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MADISON, Wis. (1/7/11)--CUNA Mutual Group announced its schedule of 2011 Credit Union Protection Webinar Series to help reduce risk exposures for credit unions, their staffs, and their board of directors. Topics, developed exclusively for CUNA Mutual Credit Union Bond policyholders, were selected from exposures that surged in 2010, including wire transfer and lender liability claims, said Brad Mundine, regional manager of Credit Union Protection Risk Management. "In addition to the scheduled live webinar topics selected to address losses that are expected to impact credit unions throughout the year, the series will also feature four topics to address emerging risks that will be determined as the year progresses," he added. In 2010 more than 6,100 individuals representing 1,477 credit unions registered for the series. The free sessions are 60 to 75 minutes long. Use the link for times and other information. Scheduled webinars are:
* Dealing with a Data Breach, Jan. 12-- Protecting your data, customers, reputation and bottom line; * ATM Fraud: A Growing Threat, Feb. 16--Low effort for criminals could mean high losses for you; * Survive the Unthinkable, April 13--Disaster preparedness and response are key; * Employees Gone Bad, May 18--Preventing losses from employee dishonesty; * Risk Management Open Mic, July (date to be determined)--It's credit unions' turn to take the stage; * ACH Fraud Hits a Nerve, Aug. 17--Transactional procedures can minimize risk; * What You Need to Know About Employment Practices Liability, Oct. 5--How to spot issues, eliminate hurdles and reduce risk; and * The Many Faces of Fraud, Nov. 16--A look back and ahead.
March, June, September and December will be open months with topics determined later.

CUAnswers returns 1.2M dividend

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GRAND RAPIDS, Mich. (1/7/11)--CU*Answers, a core data processing company in Grand Rapids, Mich., has announced a $1.2 million patronage dividend returned to its credit union owners. The return is a 71% increase from last year's $700,000 patronage dividend. The 100%-credit-union-owned service organization attributed its success to dedication by its owner/clients and network partners in promoting collaboration as a means for stability. The CUSO also said the number of members being processed online through its flagship processing system, CU*BASE, has increased an average 16.8% annually since 2000. The number of credit unions investing in CU*Answers has risen to 90 owners from 49 in the past 10 years.