Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

Products Archive

Products

Diebolds skimming technology receives banker tech award

 Permanent link
NORTH CANTON, Ohio (6/18/08)--ATM manufacturer Diebold received the Banker Technology Awards 2008 Retail Award for Delivery Channel Security for its skimming detection technology. The technology detects the presence of skimming devices to help prevent ATM fraud and the loss of millions of dollars each year for financial institutions. The feature is included in every new Diebold Opteva motorized card reader at no charge. Diebold is a CUNA Strategic Services provider. The average industry cost for similar technology is between $1,200 and $1,500 per unit, Diebold said. Skimming can account for as much as 99% of ATM attacks in geographic areas, Diebold added. “In addition to the industry’s growing fraud concern, the No. 1 concern among financial institutions’ customers is the theft of personal financial information--surpassing terrorism, job security and natural disasters,” said Charles E. Ducey Jr., Diebold senior vice president of global development and services.

August on-site learning events include finance skills

 Permanent link
MADISON, Wis. (6/18/08)--Credit union professionals can learn investing and financial management techniques to enhance credit union performance in today’s economic environment during multiple August on-site learning events offered by the Credit Union National Association. Learning events include:
* The Economics and Investments Conference, Aug. 3-6 in Chicago, which offers practical ideas for managing credit union investments. The conference reviews current indicators, statistics and insights to forecast the economic climate. It then examines national mortgage market and auto industry trends, as well as the credit union loan-to-share ratio national average. Asset/liability management (ALM) techniques to enhance credit union performance with today’s uncertain interest rates will be provided, along with strategies to maximize capital investments, control interest expense, and manage interest margins. * The Introduction to Credit Union ALM and the Economy Pre-Conference Workshop, offered the morning of Aug. 3, will explore key financial components that credit union staff and volunteers should understand. Attendees will also practice making decisions with different scenarios affected by economic trends. * Financial Management School: Part I, Aug. 17-22, Denver, which introduces ALM, ratio analysis, investment policy, budgeting, pricing loans and deposits, cost accounting, and more. This school is for volunteers and credit union staff who wish to expand their finance expertise. * Financial Management School: Part II, Aug. 17-21, Denver, which builds on many topics discussed in Part I along with advanced issues such as: portfolio and core deposits management, forecasting and strategic planning for long-term growth, investment options and measuring risk-based capital. * Financial Management School: Part III, Aug. 20-23, Denver, which provides an annual update of current issues. This year’s topics will cover new regulatory and accounting issues facing the industry, unrelated business income tax, advanced cost accounting, bonds, net economic value and leadership issues.
For more information, use the links.