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178 New CUNA Compliance Experts Added in September

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MADISON, Wis. (10/11/13)--One hundred seventy-eight individuals from the CUNA Regulatory Compliance School earned or renewed their Credit Union Compliance Experts (CUCE) designation in September, bringing the total nationwide to more than 2,000, the Credit Union National Association announced today.
 
The designation is aligned with the CUNA Regulatory Compliance School, which offers attendees a thorough understanding of the current regulatory environment through an overall compliance update and in-depth examinations of individual regulations.
 
CUNA's compliance experts equip each attendee with the tools and knowledge to meet future compliance questions head on. The curriculum is offered in two learning tracks, Introduction and Update, to account for attendees' varying degrees of compliance familiarity.
 
The CUCE designation, created by CUNA to help credit union compliance professionals keep current, is given to individuals who take initiative and lead their credit unions through the industry's most challenging compliance issues.
 
The CUCE identifies designees as experts in the compliance field and fosters bonds within credit unions through the positive and focused communication skills developed through the school, CUNA said.

CU Members Mortgage Offers Credit Union Elite Partners Program

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DALLAS (10/11/13)--Credit union mortgage services provider CU Members Mortgage is offering a Credit Union Elite Partners Reward Program to its credit union partners.
 
"Our Elite Partners program is geared toward rewarding our top-performing partners," said Randy Shannon, vice president of correspondent lending with CU Members Mortgage. "We realize how important mortgage lending is for credit unions in the bigger economic picture and for the well-being of the industry, so we developed this beneficial rewards program to help spur their lending activity for enhanced results. In the end, they win with more business and their members win with purchasing new homes."
 
The mortgage servicing company's eligible correspondent credit union partners receive a special discount in fees and 25-basis point price improvement. Once credit unions meet their quarterly goal, they receive the benefits the following quarter.
 
The program includes a 25-basis point improvement-pricing reflected on rate sheet adjustment and $200 discount on administration fees.
 
Eligibility requirements include:
  • Minimum 65% pull-through rate;
  • Maximum 120% underwriting resubmission rate; and
  • One million dollars in loans funded per month or $3 million funded quarterly.