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Fiserv CUNA Mutual advance mobile lending to CUs

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WASHINGTON (3/20/12)--CUNA Mutual Group announced Monday it has reached an agreement with Fiserv to make mobile lending technology available to about 350 credit unions serving more than 2.5 million members.

The two companies will create a pilot program for users of the Portico account processing solution to integrate CUNA Mutual Group's Smartphone Loan technology, powered by, with Fiserv's account processing and loan origination solutions.

"The agreement between Fiserv and CUNA Mutual Group is one more way we're responding to the digital transformation taking place in the financial services industry," said Albert Ku, senior vice president, Credit Union Solutions, Fiserv. "This pilot program is evidence of how both of our organizations are thinking about members' use of technology in virtually every phase of their lives," he said.

Members of Portico credit union clients participating in the pilot will have access to enhanced mobile lending capabilities, including prefill of their member data and faster decisioning. When members log on to the loan applications from their smartphones, they can connect to CUNA Mutual's mobile technology.

The two organizations' software will interface with Fiserv's Access Advantage services to obtain member data, pull the desired credit bureau report, and evaluate the collected data against credit union-defined underwriting rules. The smartphone technology can use the underwriting response to respond to the member/applicant in seconds. From there, the loan application may go to Fiserv's Loancierge system for finalization, loan document preparation, booking and funding.

"The Smartphone Loan program enables members to apply for loans through their mobile devices with greater convenience," said Dan Murray, vice president, lending at CUNA Mutual. "In addition to streamlining the application process for the member, the solution offered through this pilot program will enable credit unions to grow loans, membership and non-interest income," he added. Credit unions also will benefit from's compliance expertise, he said.

PSCU Financial Services rebrands--now PSCU

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ST. PETERSBURG, Fla. (3/20/12)--PSCU Financial Services is rebranding and repositioning with a new business model, and will now be known as PSCU, the credit union service organization (CUSO) announced Sunday.

The announcement was made in conjunction with the Credit Union National Association's Governmental Affairs Conference, which meets through Thursday in Washington, D.C.

"The status quo is our enemy. We have redefined our organization in order to better serve the credit union industry and our member-owners," said PSCU President/CEO Michael Kelly. "This evolution was a necessary part of our life cycle in order to fully deliver on our promise to be an innovative payments leader that empowers credit unions to compete and prosper."

St. Petersburg, Fla.-based PSCU, whose new positioning statement is "FORWARD,"  streamlined its business operations and created a Credit Union Experience Team to act as the hub of its service model to consult with credit unions on product and portfolio growth solutions based on individual needs.

PSCU will use a new payments strategy called MoPRO, member owner payment revenue optimization, to provide agile operating systems and innovative payment solutions so its credit union clients can increase member engagement and acquisition to generate gains in revenues and succeed in the marketplace.

"Partnerships are not based on transactions," Kelly said. "They are based on results that deliver mutual success. To that end, we've restructured to eliminate inefficiencies in interactions with our credit unions and to deepen and strengthen our engagement with our members."

PSCU has created an Innovation Lab to collaborate with credit unions to bring solutions to the market faster.  Within the first 90 days of opening the lab, three innovative solutions were generated: a PSCU Service Availability App, a Portfolio Performance Benchmarking App and the company's first mobile wallet solution, PSCU's Mobile Container."

PSCU is owned by more than 680 member credit unions representing 16 million credit, debit, prepaid, online bill payment, mobile and electronic banking accounts.

SCMS accepting first-year students

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FORT WORTH, Texas (3/20/12)--Southwest CUNA Management School (SCMS), a three-year program, is now accepting first-year applications for the July 8-18 session, said SCMS Director Janine McBee.

To ensure every student gets maximum benefit from the program, only 55 students will be admitted.

SCMS' curriculum focuses on advocacy, asset/liability management, innovation, leadership and strategic planning/thinking. The program is offered at Texas Christian University in Fort Worth, Texas. Located five miles from the heart of downtown Fort Worth, TCU has a long-standing reputation for excellence in academic teaching and research.

Prospective SCMS students can apply early in order to take advantage of two scholarship opportunities: the SCMS Scholarship (April 27 deadline for application) and the c2c: Connect to Collaborate Scholarship for one credit union professional under the age of 30.

For more information, use the links.

CSS continues to add alliances

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From left:  Barry Sloane, CEO, The Small Business Authority, powered by Newtek; Julie Esser, director of new alliance, CUNA Strategic Services (CSS); Eric Fosselman, vice president of sales, MoneyGram International; Dan Johnson, managing director, Twenty Twenty Analytics; Nakisha Garner, marketing manager, Diebold Inc.; and Mike Moehle, senior vice president of marketing and sales, BuzzBanking powered by fisoc (Photo provided by CUNA Strategic Services)
WASHINGTON (3/20/12)--CUNA Strategic Services (CSS) continues to add to its family of alliance providers and strengthen current relationships.

Recently, BuzzBanking powered by fisoc and Twenty Twenty Analytics became alliance providers with CSS.

BuzzBanking offers member loyalty rewards, and Twenty Twenty Analytics offers loan portfolio analysis, said CSS.

Agreements recently renewed by CSS include:

  • MoneyGram International;
  • Diebold Inc., which added mobile banking; and
  •  The Small Business Authority, powered by Newtek, which added health and benefits insurance for credit unions' small-business members.
CSS, which is jointly owned by the Credit Union National Association (CUNA) and the state leagues, saved credit unions more than $30 million in 2011 through its alliance programs.

CSS officials met up with several of its service providers Sunday at  CUNA's Governmental Affairs Conference in Washington D.C. The GAC ends on Thursday.

For more information about each of the providers, use the resource links provided.

CU4Kids CSS calendars net 5K for hospitals

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Joe Dearborn, senior director of Children's Miracle Network Hospitals' Credit Unions for Kids, and Brenda Halverson of CUNA Strategic Services announced at the 2012 Credit Union National Association's Governmental Affairs Conference that CSS will donate 10% of the net proceeds of its calendar sales to the hospitals.(Photo provided by CUNA Strategic Services)
WASHINGTON (3/20/12)--Credit unions have purchased more than 62,000 calendars through the CUNA Strategic Services (CSS) calendar program, resulting in nearly $5,000 in donations to Children's Miracle Network Hospitals.

During the Credit Union National Association's Governmental Affairs Conference (GAC) in Washington this week, Joe Dearborn, senior director of Credit Unions for Kids, and Brenda Halverson of CSS announced that this year CSS will donate 10% of its net proceeds of the specially branded calendar to the hospitals.

This is the third year that the CSS has donated proceeds from its calendar sales.  In 2010, when the program began, CSS sold 33,264 calendars; last year, it sold 29,097 calendars.

Children's Miracle Network Hospitals distributes the proceeds to local hospitals located near the credit unions that purchased the calendars.

Credit Unions for Kids is a nonprofit collaboration of credit unions, chapters, leagues/associations and business partners from across the country, engaged in fundraising activities to benefit 170 Children's Miracle Network Hospitals.