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CUs workers comp company distributes 350k

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ONTARIO, Calif. (6/18/10)--C-U First Ltd., a credit union-owned and operated workers’ compensation program, returned an additional $350,000 to its policyholders in 2009. For the first three policy terms, the program has returned 29% of premiums to date. Program members also experienced a premium rate decrease of 60% since the program's inception in 2004, said the California Credit Union League. The C-U First Insurance Program chooses the loss control specialist and third-party claims administrator, allowing the member credit unions to manage and control their workers’ compensation losses. Artex Risk Solutions administers the captive and domicile management, while Gallagher Bassett provides claims management and loss control services. Discover Re, a Travelers Company, provides the insurance policies and the excess re-insurance portion of the program. Since each participating credit union’s workers’ compensation premium and future distributions are based on their individual performance, the claims and loss control services are critical. “The results are evident as the group has had an average loss ratio of 19.07% since the program’s inception,” said Sylvia Fath, California league senior vice president of business services. The program also recently welcomed SkyOne FCU, Hawthorne, to the program. Participants include:
* AltaOne FCU, Ridgecrest; * American First CU, La Habra; * Burbank City FCU, Burbank; * Christian Community CU, San Dimas; * CoastHills FCU, Lompoc; * California and Nevada Credit Union Leagues, Ontario; * First Financial CU, West Covina; * Fresno County FCU, Fresno; * Orange County’s CU, Santa Ana; and * Pacific Marine CU, Camp Pendleton.

Diebold adds weather alert service

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NORTH CANTON, Ohio (6/18/10)--Severe weather can disturb the ability for a credit union to serve its members, and ATM manufacturer and CUNA Strategic Service provider Diebold is mitigating this by providing a new WeatherAlert service to its monitoring capabilities. The service provides immediate, customized alerts for severe weather and potential natural disaster watches and warnings, including tornadoes, thunderstorms, lightning, flash floods, high winds and hurricanes. The service also can deliver local weather forecasts up to three times daily. Security managers can receive the information through e-mail, text message, or a phone call. “Weather can certainly impact the safety and security of a business, as well as its employees and customers,” said Bradley J. Stephenson, vice president, security solutions, Diebold. “The WeatherAlert service is an additional means for Diebold to help businesses secure their enterprises and better protect people and assets. Prompt notification of forecasted weather events enables security managers to react more quickly to situations that may compromise operations or safety.” Diebold WeatherAlert notifications are based on a business’ exact physical address. Upon receiving an alert, a security manager can take precautionary measures or initiate disaster response and recovery plans. Effective disaster preparation may even involve transfer of local monitoring operations to a back-up monitoring service, such as Diebold's Monitoring Center. If storms or other events compromise normal monitoring operations, the monitoring center could take over, Diebold said. The WeatherAlert service is available to all end users regardless of their service relationship with Diebold. Diebold authorized dealers can offer the WeatherAlert service to their customers through the Diebold Advanced Dealer Program. Diebold is based in North Canton, Ohio.