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Jack Henry announces micro business capture solution

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MONETT, Mo. (12/31/08)--Dep@sit, a micro-business capture solution, will be sold to Jack Henry and Associates’ core credit union clients supported by Symitar, Jack Henry announced last week. Dep@sit supports the remote deposit of business and personal checks through a financial institution’s banking site or retail portal. It requires a high-speed Internet connection, is compatible with most flatbed scanners, and does not require users to buy or download software. The Dep@sit process scans checks, verifies image quality, confirms deposits and generates confirmation numbers. Checks are processed through the Check 21 image exchange network, and financial institutions can provide real-time deposit credit, the company said. Jack Henry provides computer systems and ATM, debit card and automated clearinghouse transaction processing services to financial institutions, including credit unions.

VINtek demand up among auto lenders

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PHILADELPHIA (12/30/08)--Given the volatility of vehicle values, more lenders are using VINtek’s AUTOval portfolio optimization analysis solution, the company said. AUTOval helps lenders determine the underlying collateral value of auto loan portfolios and how the values compare with loan balance amounts. Lenders use the information to determine delinquency rates. “Auto lenders need to have an accurate view of the loan-to-value ratio of the loans on their books,” said Larry Highbloom, VINtek president. “Having this knowledge gives auto lenders the power to proactively make smart decisions to prevent costly delinquencies. “They can work with individuals to modify their loan terms once they have identified borrowers who are, or are in danger of, tripping certain risk metrics,” he added. VINtek’s solution requires an account number and the vehicle identification number to perform the analysis. No limit exists on the number of accounts that can be analyzed. VINtek provides automotive collateral management services and direct auto finance solutions for financial institutions, including credit unions.

Balance Sheet Solutions offers institutional SimpliCD

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WARRENVILLE, Ill. (12/29/08)--Balance Sheet Solutions, a credit union service organization owned by Members United Corporate FCU, is offering Institutional Investor SimpliCD to credit unions. The program provides investment reviews to ensure that no SimpliCD investment exceeds the insurance limit. It also sends a monthly statement and allows the credit union to maintain contact with the member or to transfer that responsibility to Members United. SimpliCD originally enabled credit unions to invest substantial funds in federally insured certificates of deposit without finding and making the investments on their own. It now investigates potential issuers, offers an independent bank rating on the institution and takes care of the investing work for credit unions. The institutional investors also provides fee income to credit unions for each SimpliCD investment sold. It is available to a credit union’s non-person members, including unions, municipalities, hospitals, foundations, churches, corporations, colleges and universities, lodges, police and firefighter organizations and other cooperatives. “Credit unions have another vehicle to help their members,” said Tom Moore, Balance Sheet Solutions’ president. “And they can earn a marketing fee for each SimpliCD sold on top of it.” Balance Sheet Solutions provides asset liability management reporting, non-maturity deposit analysis, portfolio analytics and investment advisory services, and mortgage servicing valuation. Through its Financial Product Sales Group, credit unions can purchase marketable securities, jumbo certificates and corporate credit union deposit investments. Members United Corporate FCU is a $9.1 billion financial institution headquartered in Warrenville, Ill.

Free webcast offers exec strategies to succeed online

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MADISON, Wis. (12/26/08)--CUNA Strategic Services and Digital Insight are offering a free webcast Jan. 29 geared toward CEOs and marketing staff at credit unions. The webcast, “Leading by Example: Executive Strategies to Succeed Online,” will provide best practices to educate, inspire and activate staff to become online ambassadors to members. It will be conducted from 2 p.m. to 3 p.m. CST. Katherine Jansen, Digital Insight senior vice president of marketing strategy, will lead the webinar. For more information, use the link.

Digital Dialogue personalizes CU calls

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AUBURN HILLS, Mich. (12/26/08)--Digital Dialogue delivers personalized service to its clients by providing real people to answer the phones in its call center. It even greets callers from Hawaii with an “aloha” (Detroit Free Press Dec. 21). “We realized that credit unions didn’t want their members talking to computers,” said Peter Schmitt, Digital Dialogue president. “They’d rather have their members talking to my people and serviced professionally.” Digital Dialogue’s call center demand has enabled the Auburn Hills, Mich.-based company to grow. It reported a 95% increase in revenues this year and anticipates that revenue will grow another 70% to 80% next year. The company, which was purchased by PSCU Financial Services last year, also doubled its office space to 17,000 feet and plans to hire 200 more employees next year, the newspaper said.

CUTS Performance Marketing teams with Logoworks

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HOUSTON (12/23/08)--Credit unions can save on small business services such as logo, website, business card and brochure design through a partnership with CUTS Performance Marketing and Logoworks by HP. The partnership was announced last week. Logoworks provides small businesses with Web-based services to design, develop and print marketing collateral. “By adding Logoworks by HP to our product offering, CUTS will provide the opportunity for credit unions to make their websites a destination for member savings on critical small business services,” said Van Barker, CUTS senior vice president. CUTS Performance Marketing, based in Houston, provides tax preparation products and services to 1,000 credit unions nationwide.

CUSO offers marketing service

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LIBERTY LAKE, Wash. (12/23/08)--CU*NorthWest announced that it is offering its clients a new marketing service, Member Reach Plus, at no cost for two months. After the introductory period, credit unions can continue the service starting at $50 per week. Member Reach Plus uses core product tools from CU*NorthWest’s processing platform, CU*BASE. Contacts include targeted e-mail messages, Web banking and statement messages, postcards, e-newsletters and CU*TALK audio response. CU*NorthWest also will provide direct phone contact through Xtend’s call center operation, Xtension. Contacts are triggered by new memberships, loans close to payoff and tiered services. Xtend is a multi-owned credit union service organization in Grand Rapids, Mich. CU*NorthWest is a credit union service organization in Liberty Lake, Wash.

VSoft IMM partner on check imaging

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ATLANTA (12/22/08)--VSoft Corp., a provider of process improvement solutions for financial institutions, is partnering with Integrated Media Management (IMM) to implement check imaging solutions in financial institutions--including credit unions-- nationwide. IMM is a document output management and automation technology provider. The teller item capture solution automates the process from the teller line to the Federal Reserve or other end points. The scanned checks populate the tellers’ “checks received window” and provide real-time posting and teller balancing of each transaction. “The current plan for Federal Reserve closures has prompted more financial institutions to aggressively replace their paper-based processing system with check imaging,” said Murthy Veeraghanta, VSoft president. VSoft and IMM converted more than 25 financial institutions from paper to electronic processing during the first 10 months of this year.

Open Solutions partners with Bluepoint Solutions

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GLASTONBURY, Conn. and VISTA, Calif. (12/19/08)--Open Solutions and Bluepoint Solutions are partnering so that Open Solutions can offer Bluepoint’s teller capture solution to its credit union clients under the name tMagic. tMagic will be available to more than 5,200 Open Solutions credit union and bank clients. tMagic will help tellers capture and process checks at the teller line, resulting in cost savings and operational efficiencies. Open Solutions is a provider of core processing technology for credit unions. Bluepoint provides remote deposit capture, image-based item processing, electronic document management and multi-factor identification software technology for financial institutions. Bluepoint is based in Vista, Calif. and Open Solutions is based in Glastonbury, Calif.

Fiserv to acquire i_Tech Corporation

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BROOKFIELD, Wis. (12/18/08)--Fiserv Inc. announced this week that it plans to acquire i_Tech Corporation--a provider of outsourced account and payment processing services--from First Interstate BancSystem Inc. for $40 million. The expected closing date is Dec. 31. i_Tech outsourced account processing services as a licensee and reseller of the Fiserv ITI Premier core banking system to financial institutions in the Midwest and West. i_Tech provides electronic funds transfer processing and check processing. Selling i_Tech to Fiserv was based on long-term trends for bank data processing, according to First Interstate BancSystem president/CEO Lyle Knight. The decision was difficult, “but the industry has changed,” he said. Many institutions are divesting themselves of their data processing operations, he added. The acquisition has been discussed for many years, Fiserv said. Fiserv provides information management and electronic commerce systems to financial institutions, including credit unions. The company is headquartered in Brookfield, Wis.

CUAnswers conversion slots sold out for 2009

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GRAND RAPIDS, Mich. (12/17/08)--CU*Answers announced Monday that it has sold out its conversion slots to CU*BASE for 2009. CU*Answers has 16 clients, which represent more than 135,000 members scheduled to convert to the platform next year. Two new credit unions also are expected to begin using CU*BASE. “This level of client commitment desiring to solidify conversion dates throughout 2009 is unprecedented, and speaks volumes for how clients are embracing the CU*Answers model and CU*BASE processing system,” said Scott Page, CU*Answers executive vice president. CU*Answers launched a marketing campaign this year with free data processing for the first two years of operation to any new start-up credit union. CU*Answers is a credit union service organization based in Grand Rapids, Mich., and offers the CU*BASE processing system online and in-house.

eDOC Innovations partners with Ongoing Operations

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GRAND RAPIDS, Mich. (12/16/08)--eDOC Innovations, a credit union service organization for e-document strategies, announced a partnership with Ongoing Operations, a disaster recovery credit union service organization based in Maryland. eDOC will enhance its 2020iSync service by implementing Ongoing Operations’ Virtual Appliance at all of its 2020iSync Peer locations. “We have observed for several years the need credit unions have for a good disaster recovery solution that will compliment their e-document strategy,” said Bret Weekes, eDOC president/CEO. “We have welcomed a number of in-house clients to our platforms, which will benefit from this service.” Together, Ongoing Operations and eDOC Innovations service nearly 450 credit unions nationwide.

New materials feature insurance 100-year milestone

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MADISON, Wis. (12/15/08)—-New member literacy materials from the Credit Union National Association offer information about credit union insurance coverage limits and the credit union centennial celebration. Credit Unions: Accounts Insured to $250,000 statement stuffer outlines the temporary increases in federal savings insurance coverage that resulted from the Emergency Economic Stabilization Act of 2008. Credit Unions: Safe and Sound statement stuffer clarifies the changes made to the National Credit Union Administration's insurance coverage as a result of the Emergency Economic Stabilization Act of 2008. It also explains single and joint ownership accounts, revocable-trust accounts, and self-directed retirement accounts, and provides examples of new coverage limits for each. Celebrate: 100 Years of Service statement stuffer provides a brief history of U.S. credit unions and how they have stayed true to their People Helping People philosophy. Celebrate a 100-Year Credit Union Milestone drive-up envelope informs members of the centennial celebration and credit union tradition. Other new or updated consumer pieces from CUNA include:
* Are Your Savings Ready for Anything? which encourages members to start building a savings reserve to be prepared for life-changing events. The stuffer also diagrams several savings vehicles and the basic characteristics of each; * Your Guide to Financial Fraud Prevention, which explores identity theft and ways to prevent and recover from it. The booklet describes check, mail and plastic card fraud, and the latest high-tech scams, such as skimming, pretexting, pharming, phishing, smishing, vishing and online payday loans. It also addresses common e-mail international-fraud scams like the Nigerian letter and inheritance, employment, lottery and online auction scams. Tips and advice for staying safe are provided with resources for more information; and * Keeping Score: Facts About Credit Scores, which defines the credit score and its importance to consumers. The redesigned stuffer also reveals the different types of credit scoring methods, the factors that affect credit scores, and steps for improving scores.
For more information, use the links.

SW Corporate extends merchant services program

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PLANO, Texas (12/12/08)--Southwest Corporate FCU announced that it is extending its merchant services program with Total Merchant Concepts Inc. (TMC). Southwest Corporate recently merged with Northwest Corporate FCU, which had a long-standing business relationship TMC. The TMC program is available to credit unions that accept debit or credit transactions, and credit union business members. “Our members in the Northwest are already familiar with TMC’s service. Now we can extend that relationship to credit unions nationwide,” said Eileen Purdy, Southwest Corporate product manager. TMC provides:
* Set-up and service; * Monthly revenue sharing on transactions; * Free training for credit union staff; * Call support 24 hours per day, seven days a week; and * A service suspension option for nonprofit businesses.
TMC serves about 500 financial institutions and supports Visa, MasterCard, Discover, American Express, Diners Club and personal identification number debit. Southwest Corporate, based in Plano, Texas, serves 1,500 credit unions nationwide.

Southeast Corporate is first Pointe2Pointe net connector

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TALLAHASSEE, Fla., and NEW YORK (12/11/08)--Southeast Corporate FCU is Viewpointe’s first Pointe2Pointe Internet connectivity customer, Viewpointe announced Wednesday. Pointe2Pointe allows credit unions to exchange electronic check images with other financial institutions via Viewpointe through the Internet. The solution is targeted toward institutions with annual check image volumes of 75 million or fewer. Viewpointe provides check image exchange and archive services to financial institutions, including credit unions. Southeast Corporate, which has more than $4 billion in assets, provides services to more than 430 credit union members nationwide.

Equifax IXI Corp. to provide deeper view of households

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ATLANTA and McLEAN, Va. (12/10/08)--Equifax Inc. and IXI Corp. have formed a partnership to jointly develop solutions powered by credit and direct-measured asset data to provide a 360-degree view of a household’s financial position. Equifax and IXI clients will gain access to segmentation solutions that provide insight into a household’s financial profile and capacity to pay--a tool for navigating challenging market conditions. With these insights, financial institutions can better segment and target member/customers to manage risk, drive increased return-on-investment through cross-sell and up-sell opportunities, and more confidently navigate today’s uncharted markets, the companies said. “Amidst the ongoing credit crisis and fluctuating market environment, financial institutions are under increased pressure to reassess the way they balance consumer risk against the need to achieve greater transparency within their portfolios,” said Dann Adams, president, U.S. Information Solutions, Equifax. The combination of IXI’s asset data and Equifax’s credit data and technology “gives financial institutions a deeper view of their customers-- enabling them to respond to market demands and make better, more profitable decisions,” he added. “This unique collaboration will redefine financial services marketing,” said Tom Dailey, president/CEO, IXI Corporation. “Our member-firms rely on IXI for breakthrough solutions utilizing our proprietary asset data, and discretionary spending and income measures. Together with Equifax, we will drive new financial decisioning that mitigates risk by offering wealth assessments that include credit capacity and ability to pay portions of the financial wallet.” The new solutions will link measures of a household’s credit with IXI’s ZIP+4-based average assets and investment tendency measures to allow firms to achieve a better understanding of their customers’ financial position, the companies said.

CUSO Financial Services distributes 4 million

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SAN DIEGO (12/9/08--CUSO Financial Services LP (CFS) , a broker dealer and registered investment adviser, announced Monday it has developed its version of an “Economic Stimulus Package” to support its credit union clients during challenging financial times. CFS has distributed $4 million in retained earnings to its credit union limited partners, bringing the total distributions during 2008 to $8 million, CFS said. It is advising credit unions to reinvest the money into marketing, education and member support within their investment programs. “Credit unions, like all businesses, are feeling the pinch right now,” said Valorie Seyfert, CFS president/CEO. “It’s tempting for them to cut back on hiring advisers, marketing, traveling to educational conferences, and providing investment workshops for members.” However, the marketplace challenges present opportunities, said Seyfert, who added, “Now more than ever, when everyone else is pulling back, we are encouraging credit unions to step forward and reach out to their members to help them through these troubling times.” With the funds, “our partners and customers can do more marketing to raise awareness of the help they can offer their members and provide more education about navigating the volatile markets we are experiencing,” Seyfert said. Phase 2 of CFS’ stimulus package includes discounted products, services and incentives, which will be offered to all its credit union clients to help them maintain momentum despite the volatile economy.

Volunteer Institute first CUNA 09 education event

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MADISON, Wis. (12/9/08)--Credit union board members can learn about critical issues to help them confidently make recommendations and decisions by attending the first 2009 educational offering from the Credit Union National Association (CUNA). The CUNA Volunteer Institute will take place Jan. 10-14 in Cancun, Mexico, at the Moon Palace Resort. It aims to help new and experienced volunteers and CEOs to improve their credit union knowledge and policy-making skills. The event also will cover the mortgage market, the economy, due diligence for third party vendors, sustainable loan products, governance, political advocacy and more. On Jan. 10, a pre-conference workshop, the optional Introductory Guide to Credit Union ALM and the Economy, will offer a guided tour through asset-liability management and economic issues relevant to credit unions. Financial Management eSchool: Part I, offered Jan. 27-March 17, aims to help those without a background in finance to better understand their credit union’s numbers in eight sessions. While its focus will be on comprehending and analyzing financial statements, participants also will better understand asset-liability management, budgets, ratios, investment policy, cost accounting, and pricing loans and deposits. In Using Tax Returns to Qualify a Loan eSchool, lending professionals can learn how to use tax returns to analyze and qualify loan requests for members with non-traditional incomes. The three-session offering meets Feb. 18-March 4, to explain how to analyze various forms and schedules to verify non-traditional incomes and determine members’ ability to repay a loan. An eSchool is a series of interactive classroom sessions that features live, real time instruction from industry experts via the Internet and a telephone conference call. Participants may register for specific webinars or the entire series of sessions as an eSchool. For more information use the resource links or call 800-356-9655, ext. 4249.

Southeast Corporate CUSO launches investment website

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TALLAHASSEE, Fla. (12/8/08)--Accolade Investment Advisory LLC, a wholly owned credit union service organization (CUSO) of Southeast Corporate FCU, has launched a website at www.AccoladeAdvisory.com, the CUSO announced last week. The website comprises a knowledge center and a market section offering timely economic analysis and an overview of its services. Development of a customized tool section is in progress, the CUSO said. The site was developed to “demonstrate the value an independent, professional investment adviser can deliver on behalf of our clients,” said Peter Gibson, director of investment advisory services for Accolade.

Partners integrate TotaleAtlas IAs StreamLend Velocity

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LINDEN, N.J. (12/8/08)—Integrated Media Management (IMM) has partnered with Open Solutions’ business unit, IA Systems, to integrate IMM’s document preparation engine, TotaleAtlas, and IA Systems’ StreamLend Velocity loan origination system. IMM is a document output management and automation technology provider based in Linden, N.J. TotaleAtlas is a document preparation engine that merges XML data with PDF documents, provides fill from screen capabilities and captures signatures electronically. It creates a secure, non-editable PDF for archiving with the signature embedded in the PDF. By integrating with IA Systems’ StreamLend Velocity, the two will save clients costs and time and eliminate manual data entry, the companies said.

Products and Services briefs (12/05/2008)

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* SAN DIMAS, Calif. (12/8/08)—Western Corporate FCU (WesCorp) announced Friday the launch of The CEO Leadership Table, a monthly, Web-based, 30-minute educational series that will look at leadership principles and practices of credit union leaders. Series host Ken Lyall, WesCorp’s manager of communications, said the series will interview prominent CEOs from around the U.S. on practical issues of leadership, including shared values, mentoring, successful principles and practical ideas for growth. The series kicks off Tuesday, Jan. 6, with an in-depth interview with Gary Oakland, left, CEO of Seattle-based BECU, the nation’s fifth-largest credit union. Lyall is at right. The series is complimentary and can be accessed by registering in advance at WesCorp’s website. Programs are the first Tuesday of each month at 11 a.m. Pacific Time. They will be recorded for archived presentation … * FAIRBORN, Ohio (12/8/08)--myCUmortgage announced the winners of its annual excellence in mortgage lending awards during its October Partner Conference. Receiving recognition for outstanding results in assisting members with home ownership were: Dynamic FCU, Celina, named “Originator of the Year” (small credit unions category); DESCO FCU, Portsmouth, named “Originator of the Year” (large credit unions category); Ohio HealthCare FCU, Dublin, new partner; Hopewell FCU, Heath, new partner; and Midwest Community FCU, Defiance, which achieved the largest percentage increase for a myCUmortgage partner credit union …

CU Student Choice partners with ReliaMax Surety

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WASHINGTON (12/5/08)--Credit Union Student Choice has formed a strategic partnership with ReliaMax Surety, which provides education loan default insurance. “Within our program credit unions have an option of purchasing default insurance for their private student loan portfolio,” said Jon Jeffreys, president of Credit Union Student Choice. “Because most credit unions do not have extensive experience in student lending, we understand they may feel more comfortable adding an extra layer of security as they enter this market,” said Jeffreys. ReliaMax Surety guarantees repayment on 100% of the private student loans made by lenders to undergraduate and post-secondary education students. In 2006, it purchased HEMAR Insurance Corporation of American (HEMAR) from Sallie Mae after the company decided to close the insurance subsidiary and integrate its functions within the Sallie Mae organization. With the purchase, ReliaMax Surety gained a substantial loan portfolio, proprietary systems, and actuarial data related to loan performance. HEMAR began insuring private student loans in 1986 and was the largest guarantor of private student loans before being acquired by Sallie Mae in 1994. At its peak, it insured more than $12 billion for two million borrowers. “The continued fallout from the collapse of the secondary market has created a vacuum in private student lending, and credit unions have a great chance to fill that void by leveraging their lending expertise to help members,” said Jon Wollman, vice president at ReliaMax Surety. Credit Union Student Choice is a credit union service organization (CUSO) that provides a turnkey private student lending solution to 19 credit unions funding nearly $20 million in private student loans in 15 states.

VSoft Corp. in Deloittes Tech Fast 500

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ATLANTA (12/5/08)--VSoft Corp, a global information and technology provider of process improvement solutions for financial institutions--including credit unions--has been named to Deloitte’s Technology Fast 500. The list ranks 500 fastest-growing technology, media telecommunications and life sciences companies in North America. The ranking is based on the percentage of fiscal-year revenue growth for five years--2003 to 2007. In 2007, VSoft was named to Deloitte’s Technology Fast 50 Program for Georgia. Since its inclusion in the program, VSoft has achieved revenue growth of more than 60%. VSoft now has more than half of the credit union market nationwide, the company said.

CUTEK adds hosted option to Correio AVS

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MURRIETA, Calif. (12/4/08)--CUTEK, a financial technology development and consulting firm for credit unions, has added a "hosted" service bureau option to its Correio Address Validation Servicer (AVS) solution. The hosted Correio AVS works the same as the original, but the credit union using the hosted version doesn't have to maintain a PC server and the USPS database. Instead, CUTEK handles those tasks. Credit unions employing the service don't have to worry about maintenance or hardware requirements. "Subsequently, it will save our clients a lot of time, labor and money," said CUTEK President Ron Murray. The hosted version gives credit unions a choice on how to deliver the security of address validation and save costs in standardizing to USPS standards. Credit unions whose security procedures don't allow data to be sent from the credit union network can still chose the in-house version. Both hosted and in-house versions are available to be integrated with any credit union on core platforms other than Symitar's Episys, allowing CUTEK to expand its market beyond Symitar clientele. Correio has been so popular with Symitar credit unions "we thought that it would be a good idea to open it up to other platforms," Murray said.

Products and Services briefs (12/02/2008)

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* COSTA MESA, Calif. (12/3/08)--Meridian Link has published a new white paper aimed at credit unions that are considering the automation of financial services. The paper, “Automating Financial Services: Is It Worth the Investment?” highlights the experiences of three credit unions of varying sizes that recently deployed new technology to automated their financial services: EECU, a $743.6 million asset, Fort Worth, Texas credit union; the $176 million-asset Charlotte (N.C.) Metro CU; and the $743.6 million asset Oregon Employees FCU in Salem, Ore. The paper offers information about financing or budgeting for new technology, and statistics and specifics regarding the benefits each of the credit unions realized with the automation of their financial services. The paper is available as a free download on MeridianLink’s LoansPQ and XpressAccounts website. For Automating Financial Services: Is it Worth the Investment?, use the link … * JACKSONVILLE, Fla. (12/3/08)--Fidelity National Information Systems Inc. (FIS) announced an agreement with Microsoft Corp. Tuesday to make up-to-date financial news from MSN Money available on client websites. Under the terms of the agreement, client financial institutions using FIS’ Web-hosting services will have an opportunity to subscribe to four MSN Money authors, providing the institutions’ customers with current financial news, commentary and advice. FIS creates processing and financial technology solutions for financial institutions. Microsoft Corp. creates software, services and solutions ... * LITTLETON, Mass. (12/3/08)--Octant Business Services, a credit union service organization (CUSO) offering commercial-loan underwriting and servicing, has added Northern Massachusetts Telephone Workers Community CU, a $435 million asset, Lowell, Mass.-based credit union as a full partner. Octant is now owned by nine New England credit unions, including Eastern Corporate FCU (EasCorp) in Burlington, Mass. “Octant has been operating for nearly four years and has helped dozens of credit unions in the New England area and beyond with their business-lending programs,” said Bob Cipriani, president of the CUSO. “In the current market environment, traditional lenders have turned their backs on many businesses. As a result, credit unions are seeing a tremendous spike in applications, and many new relationships are underway” …

eDoc Innovations year-end earnings up 33

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MIDWAY, Utah and GRAND RAPIDS, Mich. (12/2/08)--eDOC Innovations (EDI), a credit union service organization (CUSO) for e-document strategies, announced it has exceeded performance expectations for its 2008 fiscal year by 33%. EDI is owned by eDOC innovations, CU*Answers and Corporate One FCU. The ownership brings both equity and services together to represent more than 1,200 credit unions served. EDI services more than 400 credit unions through its e-document strategies software, DocLogic, a "Go Paperless" platform that includes both in-house and on-line deliverables making paperless solutions available to credit unions of all sizes. "Our financial performance is a clear indicator that credit unions recognize how important having an e-document strategy is, as well as the value of an expert to assist in effectively creating and executing that strategy," said Bret Weekes, president/CEO of eDOC Innovations. He said that during the past year, eDOC Innovations has welcomed more than 100 credit union peers into its platforms. The CUSO also is working with CUSO peers to build awareness of e-document strategies.