COLUMBIA, Md. (2/14/08)--Participating credit unions will receive discounts from Credit Union Business Capital (CUBC) through its partnership with the Maryland and District of Columbia Credit Union Association. CUBC is a credit union service organization that offers business services, business deposits, cash management and business lending to credit unions (Focus Newsletter
Feb. 11). Programs include:
* Business loans/leases, participation and Small Business Administration loans; * Business deposit products; * Business checking; * Business certificate and money market accounts; * Business on-line e-banking; * Business credit and debit cards; * Business investments and insurance; * Remote deposit capture; * Merchant services; * Consulting and ongoing training; and * Commercial insurance products.
NORTH CANTON, Ohio (2/14/08)--Diebold has declared a first-quarter cash dividend increase of 6.4%, marking the company’s 55th consecutive annual increase. The dividend is 25 cents per share on all common shares. It is payable March 7 to shareholders of record at the close of business Feb. 25. The dividend represents $1 per share annually. Diebold, an ATM manufacturer, has representation in 90 countries worldwide.
ST. PETERSBURG, Fla. (2/14/08)--Stanford FCU, Palo Alto, Calif., is the first credit union to use PayLynx for Small Business from PSCU Financial Services, the company announced. The credit union migrated business accounts that were using PayLynx and made the platform available to all small-business owners Feb. 1. “Platform installation and account conversions went very smoothly,” said Celeste Auger, Stanford FCU product manager. Stanford FCU has 550 small-business checking accounts, but Auger said she is hoping to build business deposits. The credit union is promoting deposits through e-statements, statement inserts and e-mails. It also launched a quarterly newsletter with financial tips and information about business products. PayLynx, powered by CheckFree, offers accounts payable functionality, authority levels for security and auditing, and e-bills and alerts. PSCU Financial Services has 500,000 PayLynx subscribers. Stanford FCU has more than $800 million in assets.
GRAND RAPIDS, Mich. (2/14/08)--CU*Answers has released It’s Me 247, an online banking system that allows members to customize their banking accounts. The system is customizable in theme, page style and color scheme. Members can select pictures and receive e-alerts for account balances, deposits, withdrawals or loan payments. Security features are controlled according to each member’s preference through the personal Internet branch (PIB) profile. PIB is a layered security option that works with security features already embedded within It’s Me 247. Members can set up their PIB profile, selecting the day and time their “branch” is open and the geographic locations transactions are allowed. CU*Answers also has contracted with 17 credit unions converting to the CU*BASE Member Processing system. CU*Answers is now sold out for conversions until early next year. This is the 10th consecutive year that CU*Answers has sold out its client conversion calendar. The 2008 conversions represent about 130,000 members and $8 million in revenue. CU*Answers is a credit union service organization headquartered in Grand Rapids, Mich.