LIBERTY LAKE, Wash. (8/5/09)--CU*NorthWest announced that it has three new services for credit union clients--a National Credit Union Administration (NCUA) Share Insurance Report feature, enhanced Bank Secrecy Act (BSA) tracking, and Financial Services Centers Cooperative (FSCC) Shared Branching within the CU*BASE core processing platform. The NCUA Share Insurance Report feature has been added with the 9.0 release of the CU*BASE core processing system. With the service, member accounts are aggregated by Social Security number to produce reports on single, joint and retirement accounts; revocable trusts; education savings accounts; and excluded memberships. Enhanced BSA reporting will allow credit unions to view the activity of their members at shared branching or national branch locations, which helps a credit union’s ability to track transactions for BSA reporting. Transactions occurring across any shared branch network are now aggregated as part of already existing BSA reporting capabilities native to CU*BASE, the company said. CU*NorthWest also offers FSCC Shared Branching within CU*BASE at no charge. CU*NorthWest has an agreement with CU*Answers and FSCC to allow both shared-branch networks to exist simultaneously without sub-switching contract restrictions. The FSCC shared-branch transactions are included in BSA tracking. CU*NorthWest is a credit union service organization, based in Liberty Lake, Wash.
NORTH CANTON, Ohio (8/5/09)--ATM manufacturer Diebold Inc. reported that its second quarter revenue was $770.5 million, down 9% from the second quarter last year. Six-month year-to-date 2009 income from continuing operations was $34.9 million, down 20%. “There are signs that the market has bottomed out and is beginning to stabilize,” said Thomas Swidarski, Diebold president/CEO. “For the remainder of this year, however, we don’t expect any significant rebound in demand as spending remains tight with our financial customers.” Current assets total $1.6 billion. The company’s projected revenue outlook for the remainder of 2009 includes a 7% to 13% drop in total revenue. Earnings per share are expected to range between $1.34 and $1.52. Total products and services orders for financial self-service and security were down in the mid-20% range compared to last year. In the Americas, financial self-service orders decreased more than 30%, Diebold said. Total operating expenses for the second quarter was 18.3%, a decrease of 0.7 percentage points from last year. Total net debt was $238.4 million as of June 30--a $15.8 million reduction from Dec. 31. Diebold is based in North Canton, Ohio.