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Charitable Lead Trust webinar set for Dec. 19

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MADISON, Wis. (12/7/11)--Members Trust Co. is offering a free webinar "National Credit Union Foundation (NCUF) Charitable Lead Trust--A Charitable Investment to Match Your Charitable Intent," at 3:30 p.m. CT  Dec. 19.

Webinar participants can learn about NCUF's new Charitable Lead Trust Community Investment Fund (CIF) option from Tom Walker, president/CEO, and Jason Ritzenthaler, CFA, CTFA, vice president, trust and investments, of Members Trust Co.

With the new Charitable Lead Trust option, NCUF will receive annual payments calculated as a percentage of the market value of the assets held in the trust for three- to five years.

Unless donor credit union elects to renew the trust at the end of this payout period, the remaining assets in the trust will be returned to the credit union.

Members Trust Co. FSB is a special purpose savings bank chartered by the Office of Thrift Supervision and owned and managed by credit unions. The company was initially formed in 1987 by Suncoast Schools FCU and has more than $900 million in assets under management.

Mortgagebot CUMembers Mortgage offer loan app websites

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MEQUON, Wis. (12/7/11)--CU Members Mortgage has launched PowerSite, a point-of-sale solution that allows credit unions to present customized mortgage applications that match the look and feel of the institution's website.

Rolled out in October, Powersite, available through online lending technology provider Mortgagebot, has a 65% conversion among credit unions, according to CU Members Mortgage.

Powersite's Web-based interface  allows credit unions to maintain control over their websites with minimal administration and production time, said CU Members Mortgage.

Round-the-clock accessibility to their credit union's website allows them to complete the application at their convenience, which supports higher loan volume through the online channel. The ability to track online loan applications through PowerSite results provides credit unions with the ability to follow up on dropped applications, the company added.

Dallas-based CU Members Mortgage provides mortgage services to more than 1,000 credit unions, credit union service organizations and leagues nationwide.