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Registration open for Southeast CUNA Management School

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ATHENS, Ga. (2/12/10)--Registration is open for Southeast CUNA Management School.This year’s school will be held June 11-18 at the Georgia Center in Athens, Ga. Registration for a one-year enrollment in the school is $1,445. Payment received on or before May 13 will qualify for a $100 discount. Lunches, breaks, the graduation banquet, continuing education units, all educational materials, and classes are included in the fee. First-year students should anticipate a one-time class activity fee of no more than $150 in addition to tuition. Scholarships are available. The school is one of four management schools CUNA offers. CUNA Management School provides students the opportunity to develop leadership capabilities that they can use to contribute to the success of their credit unions. The curriculum is delivered over a three-year period with students in residence for course work each summer for eight days. When not in class, students apply the knowledge gained from the school to projects. For more information, use the link.

Paper addresses managing card services through merger

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DES MOINES, Iowa (2/12/10)--Whether a credit union is preparing for a merger or simply looking to weather the economic storm, consolidating portfolios with one dependable card processor is a smart move, according to a new white paper from The Members Group (TMG). The paper, “Stronger in the End,” offers tips on evaluating card portfolios of merging credit unions for profitability and growth potential. It also discusses consolidating card services with one vendor. “Converting card services from one card processor to another generally involves minimal cost,” the paper said. “Production and mailing of new plastic requires the majority of the necessary investment.” Communication with members will involve the most planning and participation on the part of a credit union. Card processors with years of successful conversion experience can help guide the messaging strategy--but the function of the conversion will need credit union staff input and contribution, the paper added. “Stronger in the End” is co-authored by Aris Jerahian, TMG vice president of client relations, and Brian Scott, vice president of sales. The paper is available for free download on TMG’s website. TMG, Des Moines, Iowa, is a credit union service organization and a wholly owned subsidiary of Affiliates Management Co., which is owned by Iowa credit unions and their members.

Products and Services briefs (02/11/2010)

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* NORTH CANTON, Ohio (2/12/10)--ATM manufacturer Diebold declared a first-quarter cash dividend of 27 cents per share on all common shares. The dividend is payable on March 8 to shareholders of record at the close of business Feb. 22. The new cash dividend, which represents $1.08 per share on an annual basis, is an increase of 3.8% over the cash dividend paid in 2009 and marks the company’s 57th consecutive annual increase ... * INDIANAPOLIS (2/12/10)--Technology platform services provider fiVISION added three new products in 2009--Web Loan, Wire Transfer Automation and Health Savings Account (HSA) Enrollment--along with some enhancements to its current product line. Web Loan integrates the process of new membership and receiving a loan approval at the same time. autoENROLL, fiVISION’s HSA enrollment product, allows members to apply for an HSA account in five minutes. Applications can be made in person, over the phone or online. Wire Transfer Automation aims to simplify the processes associated with capturing, approving and sending wire transfer requests from members. fiVISION also signed and expanded services with several credit unions: Truliant FCU, Winston-Salem, N.C.; Digital FCU, Marlborough, Md.; Liberty Bay CU, Braintree, Mass.; and SB1 FCU, Philadelphia ... * PHILADELPHIA (2/12/10)--VINtek, a provider of automotive collateral management and electronic lien and title services for lenders, experienced record growth in all of its business lines in 2009--including direct-to-consumer lending; electronic loan transfer; outsourced automotive collateral management; and risk management services. VINtek added 137 clients to its roster, a 20% increase from 2008; grew revenue by 67%; and increased earnings by 161%. VINtek also launched a new version of VINtekTIME, its Internet-based system for paperless and paper-based automotive collateral management. By fourth quarter 2009, about 800 lenders used the service. The company also increased volume on its D2C platform by 40% over 2008, helping California pass legislation that requires all vehicle liens in the state to be paperless by Jan. 1, 2012. And it filed liens on more than 135,000 units of trucking rolling stock, securing a $1 billion credit line ... * GRAND RAPIDS, Mich. (2/12/10)--Xtend Inc., a Grand Rapids, Mich.-based credit union service organization, announced that sales during the three-month period ending Dec. 31 finished 68% above the same period in 2008. The record sales performance was due to strong sales across the board for all key business units, said Xtend President Scott Collins. Xtend services are used by 120 credit union organizations in 15 states ...