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Reg Z Fair Disclosure actions audio conference Dec. 8

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MADISON, Wis. (11/30/10)--“Reg Z Fair Disclosure and Call to Action,” a free live audio conference sponsored by the Credit Union National Association (CUNA), in conjunction with CUNA Mutual Group, will air from 1 p.m.-2 p.m. CT, on Dec. 8. The Federal Reserve Board recently issued a comprehensive proposal that includes imposing new consumer disclosures for credit life insurance, credit disability insurance and debt cancellation/debt suspension (including guaranteed asset protection) products. These disclosures go well beyond insuring that consumers are informed about these products; the proposed disclosures cast these products in a strictly negative light and strongly discourage the purchase of these products. If enacted, the disclosure language will have a significant negative impact on the entire credit union industry, especially members. Consumers have received an estimated $2 billion in benefits from credit insurance group products over the past five years, according to industry data. CUNA and CUNA Mutual are working together to mobilize the credit union industry and fight for disclosures that are fair, accurate and in the consumer’s best interest. The audio conference will be led by Bill Klewin, vice president and staff director of the Lending Lab in the Lending Services Enterprise for CUNA Mutual Group. Each registration provides call access for one phone line; however, the audio conference can be listened to by several people at once--in a conference room, for example. A recording of the audio conference will be available within 48 hours of the live audio. For more information, use the link.

CUNA Mutual partners on exec benefits

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MADISON, Wis. (11/30/10)--CUNA Mutual Group and the Credit Union Executives Society have formed a partnership to help credit unions attract and retain talent by enhancing their executive benefits and retirement plan services. “This new alliance will match the benefits needs of credit union executives and board members with a diverse mix of solutions to help retain, recruit and reward C-Level executives,” said Scott Albraccio, business development and marketing manager for CUNA Mutual. The service, called Executive Benefits and Retirement Service Solutions, Presented by CUNA Mutual Group, will provide continuity during difficult economic times, CUNA Mutual said. “Our ‘Gap Analysis’ will help to identify shortfalls in a senior leader’s retirement plan and design programs to specifically fill those gaps. This allows executives to focus on their credit unions’ financial strength, rather than worrying about their own personal needs,” Albraccio said. Each of eight options includes a specialist, who goes through a five-step process to create and implement an effective program. Also, CUNA Mutual’s retirement plan programs use an outcome-based approach to help credit union employees attain a financially secure retirement. The programs have been designed around the needs of credit unions, are easy to administer and feature superior fiduciary support, CUNA Mutual said. The investment options and educational resources help employees make good decisions. For more than 50 years, CUNA Mutual and its subsidiaries have offered retirement programs and now manage more than 7,500 plans with more than 500,000 participants and $11 billion in assets.