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NACUSO teams with Pepperdine to build leaders network

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NEWPORT BEACH, Calif. (9/16/09)--The National Association of Credit Union Service Organizations (NACUSO) is partnering next month with Pepperdine University to offer a certification program to build a leadership community for credit unions. Registration is now open. The program, Designing and Implementing Collaboration and Business Networks, is scheduled to include classroom sessions, distant learning sessions and group projects. NACUSO will host two classes a year in October and April. Potential projects include opportunities to work with existing credit union service organizations, develop new leadership community contacts and contribute to developing new credit union business templates. “This program is more than a seminar or a feel-good flyby on the old ideas about collaboration within our industry,” said NACUSO CEO Tom Davis. “This is a program designed to keep the participants engaged with the ideas, their peers, and working businesses that can inspire credit union and CUSO business leaders to find the action in all of this talk about the promise of collaborations and networked marketplaces.” The Class of October 2009 will set the foundation for the program, NACUSO said. The class will aim to develop:
* A plan to market the community and raise the credit union industry’s awareness of leaders who have completed the program; * A plan to aid NACUSO in attracting more participants to the program and raise the industry’s awareness of NACUSO’s role in encouraging new credit union business models; and * A process to constantly improve the program and add new resources to support the growing community of graduates.
NACUSO said it expects more than 100 individuals to graduate from the program within a few years.

Rochdale Group launches revalidation technology

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OVERLAND PARK, Kan. (9/16/09)--The Rochdale Group announced the availability of e-Revalidation, which is designed to test 100% of a credit union’s risk-based loan portfolio. e-Revalidation delivers comprehensive reviews of credit unions’ risk-based lending and pricing models. It also eliminates internal disruptions related to onsite reviews, which frees credit union staff time, and saves money by eliminating customary travel expenses incurred by in-person revalidation engagements. Credit unions’ risk-based-lending and pricing scorecards should be revalidated regularly, according to The Rochdale Group. After a review at the end of the first year of risk-based lending, a revalidation typically is performed every two years. Philadelphia (Pa.) FCU, which receives more than 10,000 consumer loan applications per year, implemented e-Revalidation. It reviewed 13,953 consumer transactions conducted during a 12-month period. Previously, the credit union had tested a random selection of total loan transactions. The Rochdale Group, based in Overland Park, Kan., provides services to more than 500 credit union entities nationwide.