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CUSN holds inaugural Connection Series Seminar

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LAKEWOOD, Colo. (4/4/12)--The CU Service Network (CUSN) held its inaugural CUSN Connection Series Seminar on March 9 in Denver, with concurrent events in Iowa, Nebraska, New Mexico and Idaho.

Bill Hampel, chief economist for the Credit Union National Association presented "An Economic View," which focused on the current economic climate for credit unions.

Credit unions outside the Denver area joined the seminar via webinar after a sponsored luncheon. A question-and-answer period followed. Additional credit unions from Arizona, Nebraska, Texas, and Wyoming also attended via webinar.

CUSN developed its Connection Series to expand the depth of its partnerships with credit unions throughout the region. Several events planned for 2012 focus on topics related to credit union growth and development. Each will be presented by industry experts. Time is included in each event for networking and roundtable discussions on key topics.

The next Connection Series event will be held in Santa Fe, N.M., on April 19. CUSN will host the CUSN Connection Mini-Series luncheon. The presentation will address one of the challenges credit unions face when connecting to their members.

Merger convinces CU to change core processing

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FARMINGTON, Utah (4/4/12)--Idaho State University FCU (ISUCU), Pocatello, Idaho, has chosen the CUProdigy Core software system provided by Credit Union Data Processing, Inc. (CUDP) for its core processing needs. 

The $130 million asset ISUCU was introduced to the CUProdigy system through a recent merger with $17M Pocatello Teachers FCU (PTFCU).

Robert Taylor, ISUCU CEO, said he was initially wary of PTFCU's core system because the credit union was so small. However, he changed his view when he saw the credit union's technology.

"CUProdigy is truly the first open system I have ever encountered, and CUDP has demonstrated the ability and willingness to adapt the system to our credit union's needs," Taylor said.

Taylor held such conviction for CUDP's technology that he convinced his board of directors to purchase a 16% ownership stake in the company. CUDP is a Utah-based credit union service organization serving the data processing needs of credit union of all sizes.