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Registration open for Oct. 15 CUNA Mutual Discovery Conference

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MADISON, Wis. (8/29/14)--CUNA Mutual Group's fifth annual, daylong Discovery Conference, scheduled for Oct. 15, offers 12 free credit union-focused sessions online.
 
The Discovery Conference is the Web-based equivalent of a face-to-face conference without the associated expenses or time away from the office. "The beauty of participating online is the convenience," said Christy LaMasney, manager of Discovery for CUNA Mutual Group. "It requires absolutely no travel, hotel or time away from the office, and it's free for everyone."
 
The conference offers live chats, networking opportunities, message boards, an exhibit hall and prizes. In addition, registration includes access to conference materials after the event is over.
 
John Lass, CUNA Mutual Group senior vice president of strategy and business development, is the keynote speaker. Lass will speak on how retail financial services could be disrupted by new technologies and business models, and what actions credit unions could take to mitigate the impact. In addition, the conference will feature several industry thought leaders:
  • Ben Rogers, research director at Filene Research Institute, "Gen Y Personal Finances: A Crisis of Confidence and Capability;"
  • James Robert Lay, president of CUGrow, "Digital Marketing for Business Development;"
  • Gary Weuve, CUNA Brokerage Services vice president of the Center for Advisor Excellence, "The Rules of the Retirement Game Have Changed for Members--The Credit Union's Role;"
  • Tim McAlpine, president of Currency Marketing, "Better Together: Uniting Marketing and IT for Success;"
  • Steve Rick, CUNA Mutual Group chief economist, "U.S. Economic Outlook and Its Impact on Credit Unions;"
  • Brad Keller, The Santa Fe Group senior vice president and program director, "Building and Maintaining an Effective Third Party Risk Program;"
  • Theresa Reinke, CUNA Mutual Group compliance consultant, "TILA/RESPA Integrated Disclosures--It's a Whole New World;"
  • Jay Isaacson, CUNA Mutual Group vice president of commercial products, "Cyber Exposures: Rules, Regs, and Risk;"
  • Bryce Roth, co-founder of ChatterYak!, "What You Need to Know About Compliance and Social Media;"
  • Steve Hoke, CUNA Mutual Group director of loan growth, "Exciting Trends in Auto Purchasing;"
  • Stephen Arnold, CUNA Mutual Group vice president and direct-to-consumer business leader, and Eric Hallinan, senior consultant for MarshBerry, "The View from Here: An Eyes-Wide-Open Approach to Insurance Distribution Models;" and
  • Chris Silveira, Guardian Analytics manager of fraud intelligence, "Mobile Banking: Trends, Threats, and Fraud Prevention Techniques."
Each thought-leader session will feature video, audio and a question-and-answer portion.
 
The online event is designed for CEOs and senior leadership teams of credit unions, but all credit union and league employees are welcome.
 
"Attendees can come and go from the conference as they please," said LaMasney. "This provides great flexibility to allow many staff members from the same organization to attend, if even for just a few hours."

GPS amped up for 3SI cash tracking

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EXTON, Pa. (8/28/14)--3SI Security Systems, a CUNA Strategic Services alliance provider, enhanced its NextGen3 Electronic Satellite Pursuit (ESP) GPS tracking solution.
 
The new platform uses smarter technology to provide more flexibility in deployment and improved data storage and organization. The first product in the platform is the Cash Tracker. The device's smaller size--36% smaller than previous versions, with the profile of a standard No. 2 pencil--makes it easier to conceal from criminals.
 
The new platform leverages common functionality for multiple security and tracking applications to increase apprehension (70% of cases) and asset return (87%) rates.
 
"Using the latest and most innovative technologies provides the best means of protecting people and assets: for instance, institutions using our cash tracker realized criminal apprehension and cash return in the vast majority of cases," said Mary Pifer, 3SI vice president of international marketing and product management. "Our arrest and recovery rate is impressive, but we will never rest on our laurels. We will use evolving technology to continue to improve our products' performance."
 
Other key features of the new product include:
  • Multiple ways to trigger the device;
  • Improved storage; and
  • Self-test check and maintenance improvements.

Sharenet acquires Express Teller for ATM expansion

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SYRACUSE, N.Y. (8/27/14)--Sharenet has purchased Phoenix-based Express Teller Services, an acquisition that will allow the Syracuse, N.Y.-based ATM provider to expand its services to credit unions and community banks on the West Coast.
 
"We wanted to find talented, experienced individuals within the marketplace that would allow us to expand our reach to the West Coast and, more importantly, give credit unions and community banks easier access to our services," said Sharenet CEO Ray Davis.

"Our goal was to align with a financial institution-focused company that understands the evolving U.S. ATM industry, the complex regulatory requirements involved in operating ATMs, and the challenges and potential for growth," said Josh Ettesvold, president/founder of Express Teller Services.

Ettesvold said Express Teller clients will receive better pricing on transactions, equipment, supplies and services because Sharenet's network gives the company collective buying power which it will pass on in the form of lower prices.

CU24 distributes $1M bonus dividend

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TALLAHASSEE, Fla. (8/26/14)--CU24, a credit-union owned cooperative that provides electronic-funds transfer and payment-related services to small- and mid-size credit unions, will distribute $1 million in patronage dividends to its shareholder credit unions. 
 
The dividends will be distributed in the third quarter. 
 
"The board of directors declared this patronage in accordance with our mission to help our credit unions compete and improve their members' lives," said Mansel Guerry, CU24 president/CEO.  "The dividend is reflective of the company's positive financial performance and the value of participation for credit unions of all sizes."
 
CU24 has disbursed more than $17.5 million to credit union shareholders since the company was established in 1981. 
 
In addition to patronage dividends, shareholders have a voice in the network's structure and governance, including the development and enhancement of services that credit unions need to compete in an increasingly challenging financial services industry. 
 
"Now, more than ever, it is important for credit unions to be part of a credit union-owned organization, an organization that focuses on credit union interests as opposed to maximizing its own earnings," said Guerry.

LaserPro integrates Equifax real-time credit info

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ATLANTA (8/25/14)--D+H's LaserPro loan and mortgage origination service now integrates real-time consumer credit reports from Equifax.
 
Equifax's Credit*HiLite provides consumer credit information from all three credit reporting agencies. LaserPro's consumer and mortgage origination and processing modules will use the information to provide immediate eligibility feedback to the applicant and provide loan options that match the borrower's needs.
 
The integration automatically populates liability, credit score and key factor data into LaserPro, streamlining data entry. Applications are automatically populated with credit report liability data so that lenders can quickly determine ability to repay.
 
"Reducing workflow timelines and eliminating issues associated with manual data entry is pivotal to lenders' success," said Craig Crabtree, senior vice president, Equifax Mortgage Services. "Delays are costly and can quickly pile up, so it is important to have a means of preventing those headaches altogether."
 
The information also populates LaserPro's worksheets for credit score disclosures, risk-based pricing, adverse action notices and credit approval.
 
"Providing this expanded functionality with Equifax as one of the industry's leading credit data providers with LaserPro is a way to help our mutual clients be more accurate and efficient in their lending process," said Mitch Lucas, vice president of product management and legal compliance, D+H.

Inc. taps Symbionce CUSO for fastest-growing list

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EAST HANOVER, N.J. (8/22/14)--Symbionce Financial Solutions, a credit union service organization based in New Jersey, was named to Inc. magazine's list of America's fastest-growing private companies.
              
Symbionce specializes in residential mortgage brokerage, compliance and internal audit services. With its 478% growth in sales over the past three years, Symbionce landed at No. 945 in the 2014 Inc. 500|5000 ranking ( The Daily Exchange Aug. 21).
 
"Besides being the only credit union service organization to be honored this year, we are the 26th highest-ranked company in New Jersey out of 166 honored this year," said managing member Ann South.
 
Symbionce was founded in 2009, and its revenue has grown to $3.2 million in 2013 from $565,991 in 2010.

Corelation expands in 5 years from friends, family feel

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SAN DIEGO (8/21/14)--Corelation is celebrating the fifth anniversary of its KeyStone core processing system--one that started out with a small meeting of its founders and now has 26 signed contracts.
 
"We've come a long way since our introductory 'Friends and Family' meeting five years ago," said Corelation President Theresa Benavidez, who co-founded the company with Chair John Landis and Chief Technology Officer Jeff Dent.
 
Thirteen credit unions currently are live on the KeyStone core platform, and Corelation's client credit unions range in asset size from $100 million to $3.8 billion.
 
"This team understands the credit union industry, and the pain points of being tied to a rigid, inflexible core system," said Ron Amstutz, executive vice president, $3.8 billion-asset Desert Schools FCU, Phoenix. "KeyStone was built with today's technology for easy integration and flexibility in an ever-changing market."