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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

Products Archive

Products

Open Solutions to release new platforms for CU solution

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GLASTONBURY, Conn. (4/11/08)--Open Solutions released new platforms for The Complete Credit Union Solution: DNA at its 11th Annual Client Conference and Solutions Expo this week in Orlando, Fla. The solution is designed to streamline front and back office operations. It replaces mainframe systems and combination mainframe and desktop networks. Open Solutions’ conference offered information on other products, including Internet banking, interactive voice response, Check 21, remote deposit capture, item processing, electronic imaging, remittance systems, loan origination systems, document imaging systems, financial accounting systems, customer relationship management, digital documents and client care. A senior executive networking forum, lead by Open Solutions Chairman/CEO Louis Hernandez Jr., was held with Open Solutions’ executive management team. Industry experts also spoke about latest trends and Open Solutions’ product strategy. Open Solutions is a core processor for financial institutions, including credit unions.

DuPages new website helps bring in 58 more members

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FOSTER CITY, Calif. (4/11/08)--DuPage CU’s new website brought in an increase of 1.4 million more hits and 58% more membership applications in February 2008 then at the same time last year. The site, www.dupagecu.com, is designed to appeal to most age groups for members and non-members, with a focus on calls to action. Users need no more than three clicks to join the Naperville, Ill.-based credit union or find information about a service. “Feedback from the members was overwhelmingly positive,” said Roberta Kozlowicz, DuPage senior vice president, corporate development. “Members remarked that the new site is much more intuitive, easier to navigate, the colors are warmer and appealing, information is easier to find, and they like the convenience of being able to log in to online banking from the home page.” The site was launched in December. DuPage partnered with Extractable, a Web strategy consultancy, to create it. DuPage has $254 million in assets.

New stuffer helps students create college budget

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MADISON, Wis. (4/11/08)--College students can get tips and a detailed chart to help them design a spending plan in a new statement stuffer from the Credit Union National Association (CUNA). “Create a College Budget” provides a detailed list of potential monthly expenses and income to help college students create an appropriate annual budget. The stuffer also offers important advice--such as avoiding the credit card tables on campus and visiting their credit unions for money management advice. Two other financial literacy pieces were recently created to remind members to go to their credit union for help before they are over their heads in debt. The “When Times are Tough We Can Help” lobby brochure offers ways to cut expenses with adjustable rate mortgages, high interest credit cards, and more. It provides frequent reminders that credit unions are the place to go for consumer-friendly deals. The “We’re Here for You” drive-up envelope also reminds members to see their credit unions for financial help in tough economic times--and the sooner the better. New information and artwork along with up-to-date tables and statistics are featured in CUNA’s revised “Your Budget Blueprint” handbook. Members can learn to plan and budget for the future, and find out how and where to save money. The handbook is part of the seven-booklet “Fundamentals of Personal Finance” series designed to educate members about financial topics. Other recently updated consumer pieces from CUNA include:
* “Budget Blueprint: Design Your Own Spending Plan” statement stuffer, with advice and an extended budgeting table to help members design and track a budget, and create related financial goals; * “10 Questions to Ask a Mortgage Lender” statement stuffer, which helps members gather information they need before filling out a mortgage application, from various fees and costs, to loan and lender specifics; * “Mortgage Refinancing: You Could Save a Bundle” statement stuffer, which spells out the basic costs, market considerations, and types of loans available to members deciding whether to refinance; and * “Refinance Your Vehicle Loan and Save” drive-up envelope, which points out to members that refinancing a vehicle loan at the credit union could substantially reduce monthly payments, and suggests that they call their credit union for information.
For more information, use the links.