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Products Archive

Products

ICUL Service Corp. enters agreement with Discover

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NAPERVILLE, Ill. (3/16/09)--ICUL Service Corp., a credit union service organization serving more than 2,000 credit unions in 45 states, announced Thursday it has entered into an issuance-referral and service-provider agreement with Discover Financial Services, a credit card issuer and electronic payment services company. The agreement will allow ICUL Service Corp.’s credit unions access to issue credit and debit products on the Discover Network. Under the agreement, the ICUL Service Corp. will market Discover Network products to facilitate credit and/or debit issuing agreements with its participating credit unions. The corporation will process and service each credit union’s Discover Network Card programs. These programs offer credit unions:
* A new brand choice to differentiate their card programs; * Additional revenues with lower monthly fees to improve their bottom lines; * An increase in service use and satisfaction; and * Tools to attract members and strengthen existing relationships.

CU history training first seminar in box for 2009

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MADISON, Wis. (3/16/09)--Credit unions can educate their staff about the history of the credit union movement and build strong credit union advocates with the first of several new training titles from the Credit Union National Association. CU Basics: History of the Credit Union Movement Seminar in a Box traces the history of the movement, key figures and legislation, and important milestones. The course also refers to key historical moments and figures to demonstrate how the movement’s traditions are reflected in credit unions today. The Credit Union Seminars in a Box for Staff series was developed as a time-saving tool for employee training sessions. Each reusable kit contains credit union-specific training content, including facilitator guides, master copies of participant handouts, session materials on CD-ROM, a step-by-step speaker checklist, training tips, and more. Additional Seminar in a Box for Staff titles to be released in 2009 include:
* CU Compliance: Disaster Recovery--Teaches the basics about preparing for and recovering the credit union from disaster. Using the credit union’s disaster recovery plan, this seminar helps familiarize credit union staff with their roles in case of disaster. Credit unions also can add the critical components of their own plan; *CU Compliance: Regulation D Reserve Requirements--Explains the transaction limits placed on deposit accounts by the regulation. It also defines transaction and deposit accounts and how to calculate the six-transfer limit; * CU Compliance: Office of Foreign Assets Control--Details the duty and purpose of the Office of Foreign Assets Control (OFAC) and what it requires of credit unions. The course offers definitions and tools to help with OFAC requirements, including checking members against a Specially Designated Nationals and Blocked Persons list; * CU Compliance: Regulation E Electronic Funds Transfer--Outlines what transactions are covered by Regulation E, and offers guidance to determine when a disclosure is required, what it must include, and what form must be provided; * CU Basics: New Employee Orientation--Helps new hires become assimilated into the credit union and their new roles as quickly as possible. The seminar also explains the credit union’s mission, goals, and place in the market; * CU Security and Fraud: Check Fraud--Helps teach staff how to detect credit union and member fraud. It also provides guidance about helping members protect themselves against scams and fraud; and * CU Security and Fraud: Robbery Procedures--Informs staff about the credit union’s plans and procedures in a robbery.
For more information, use the links.