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Shared Branching networks gain in Minn. Utah Texas

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LAKEWOOD, Colo. and ST. PAUL, Minn. (5/3/11)--Shared branching networks have extended their reach in Texas, Utah and Minnesota. San Antonio-based Security Service FCU, with $6 billion in assets, will expand its shared branching network in Texas and Utah through CU Service Network. In Texas, Security Service FCU will add 36 locations to the shared branching network. With the recent acquisition of Beehive CU, Salt Lake City, and Family First FCU, Orem, Utah, Security Service FCU will also increase the number of CU Service Network shared branching locations in Utah during the next several months. In Minnesota, SPIRE FCU, with $535 million assets based in Falcon Heights, Minn., added 10 new location to the CU Service Centers Shared Branching Network, bringing the number of credit union service centers to 34 statewide.

Q2ebanking conference attracts 200 CUs banks

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AUSTIN, Texas (5/3/11)--Q2ebanking attracted 200 attendees, including credit union clients, to its Live and Unplugged conference, held April 10-13. Q2 President Matt Flake kicked off the conference by sharing Q2’s accomplishments, growth opportunities and product enhancements with attendees. Flake encouraged all participants to “learn, share, ask and network,” and to take advantage of all resources conference offered. Keynote speaker Lee Wetherington, director of Strategic Insight at ProfitStars, South Dallas, Texas, discussed the future of e-banking and shared statistics about online banking, social networking sites, smartphone adoption vs. personal computer use and how mobile banking will mature. During his session “Shadowing the eMob,” Brian Krebs, editor of Krebs on Security, explored threats posed by cyber crooks and how banks and credit unions can avoid becoming victims. John Abraham, security evangelist/CEO at Redspin, Carpinteria, Calif., highlighted the top security risks facing financial institutions today and reviewed practical risk management strategies. Eric Weikart, senior director at Cornerstone Advisors, Scottsdale, Ariz., discussed key trends in electronic delivery and how to better compete with mega-banks by using the Internet, bill pay and mobile channels. Weikart also explained how financial institutions can increase efficiencies while providing revenue-enhancing features in the e-delivery channel.