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Youth Week 2013 campaign materials available

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MADISON, Wis. (1/25/13)--The Credit Union National Association is offering art, articles, celebration materials and promotional products for National Credit Union Youth Week.

The theme of this year's National Credit Union Youth Week, April 21-27, is "Savings Sleuth--Solve the Mystery." Credit unions will be challenged to help the nation's youth solve the mystery of how to save money for meaningful purchases.

The goal of Youth Week is to start children on the path to lifelong credit union membership by educating them about their money, setting up savings accounts and rewarding them with topical prizes--while putting in the effort that increases loyalty from their parents

The National Youth Saving Challenge, sponsored by CUNA, will be held throughout the month of April. The challenge jumpstarts smart savings habits in youth and rewards 10 participants for their hard work with cash prizes.

Campaign materials offered by CUNA include financial education content, items to reward young members and apparel for credit union staff.

Kehrer Saltzman acquires SCS benchmarking studies

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CHARLOTTE, N.C. (1/25/13)--Kehrer Saltzman & Associates will acquire Snyder Consulting Solution, and its benchmarking studies, the companies announced Thursday.

SCS founder Pete Snyder has developed retail investment services benchmarking studies for credit unions since 2007. He recently returned to The Golden 1 CU, Sacramento, Calif., as its new vice president of financial services.

The Kehrer Saltzman 2012-2013 Credit Union Retail Investment Services Productivity and Performance study will be launched later this month. Credit union executives will have access to an expanded set of benchmarking and consulting resources, including regional workshops, webinars and additional consulting services to manage their business during a time of declining margins, Kehrer Saltzman said.

Lending Solutions offers employee stock ownership plan

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ELGIN, Ill. (1/25/13)--Lending Solutions Inc. (LSI) has established an employee stock ownership plan (ESOP).

The plan effectively transfers 30% ownership to the employees of LSI through a defined contribution benefit plan was formally introduced to the employees on Jan. 11.

An ESOP functions similar to an employee 401k or profit sharing program, where funds will be deposited annually based on the profitability of the company.

"Transitioning to an ESOP model gives us the opportunity to reward many of our long-term employees for their commitment and hard work over the years, as well as attract new employees," said Mark Johnson, Lending Solutions chairman and principal stockholder.

LSI's ESOP will be administered by a committee working in conjunction with a third-party trustee and a third-party administrator. Lending Solutions hired Innovative Shareholder Strategies throughout the development and introduction of the ESOP.

Lending Solutions offers lending center solutions and consulting services to credit unions.