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Products and Services briefs (06/26/2008)

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* NORTH CANTON, Ohio (6/27/08)--Kern Schools FCU, Bakersfield, Calif., recently used Diebold to deploy imaging ATMs with deposit automation features in all of its branches. Since implementing the ATMs, Kern Schools members have expressed greater satisfaction with their banking experiences. “Our members specifically use the new machines because they know the bulk note acceptors allow for immediate credit-on-cash deposits,” said Vincent Rojas, president/CEO of Kern Schools FCU. The credit union used brochures, videos and posters to educate members on the ATMs’ features. Kern Schools FCU has more than $1.6 billion in assets ... * RANCHO CUCAMONGA, Calif. (6/27/08)--CO-OP Financial Services will host “TechTrends,” a set of half-day information sessions July 15. The seminars will provide credit union executives with executable strategies to compete with larger financial institutions, said CO-OP Financial Services President/CEO Stan Hollen. Speakers will discuss check imaging at the ATM, kiosk, branch, home and retail locations; branding; future trends; the role of philanthropy in expanding business opportunities; and how credit unions can identify their ideal interchange structure ... * AUSTIN, Texas (6/27/08)--BancVue, a financial services provider, and FIRST ROI, an online marketer, announced the creation of C4, Certified Champions for the Community of Credit Unions. C4 comprises professionals experienced in credit union operations who aim to ensure the BancVue’s sales, implementation and consulting efforts meet credit unions’ needs. C4 members were trained in a program taught by Dennis Dollar, principal partner of Dollar Associates LLC and former chairman of the National Credit Union Administration ... * SIOUX FALLS, S.D. (6/27/08)--Meta Payment Systems has contracted with Fiserv and TransUnion to expand its short-term, small-dollar loan alternative, iAdvance, which can be accessed on MetaBank-issued prepaid cards. iAdvance will offer users a two-minute enrollment and advance process. Funds will be available to borrowers immediately and repayment performance will be reported to three credit bureaus. The product will be launched in the fall. MetaBank is a federally chartered savings bank administered by the Meta Payment Systems division ... * LONG BEACH, Miss. (6/27/08)--Credit unions can view a free 30-minute webinar July 16 to learn more about the Select-A-Branch ATM network by ATM manufacturer Triton. Select-A-Branch is surcharge-free for cardholders and can be branded for each credit union. It also offers a pay-per-use structure. Triton is a global ATM manufacturer with more than 180,000 installations in 24 countries ...

CUNA Mutual Liberty Mutual alliance marks a decade

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MADISON, Wis. (6/27/08)--CUNA Mutual Group and Boston-based Liberty Mutual recently marked the 10th anniversary of their strategic alliance to offer auto, home and renters insurance to members of credit unions through CUNA Mutual’s MEMBERS Auto and Homeowners Program.
Paul Kiersnowski, left, Liberty Mutual, presents a guitar signed by the BoDeans to CUNA Mutual Group President/CEO, Jeff Post, center, during CUNA Mutual’s Discovery Conference last week. The guitars commemorate the 10-year anniversary between the two companies. Joe Kunesh, right, CUNA Mutual, helped present the guitars. (Photo provided by CUNA Mutual Group)
The alliance has generated more than $26 million in fee income for participating credit unions. Last year, the program paid credit unions $7.4 million in non-interest income, said Bill Jolicoeur, CUNA Mutual vice president. “CUNA Mutual brings the expertise in managing credit union relationships and marketing to credit union members, while Liberty Mutual brings innovative products, varied distribution channels and prompt and dependable claim service,” said Melanie Foley, Liberty Mutual vice president and manager, direct marketing. More than 3,200 credit unions with 38 million eligible members participate in the program. To commemorate the anniversary, CUNA Mutual and Liberty Mutual each donated a guitar autographed by members of the music group, the BoDeans, who performed at CUNA Mutual’s Discovery Conference in Hollywood, Fla., last week. The guitars sold for $925 during a silenct auction, which raised more than $13,500 for the National Credit Union Foundation’s disaster relief fund.

CO-OP Network makes gains in Southeast

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RANCHO CUCAMONGA, Calif. (6/27/08)--Several Southeastern credit unions have entered into agreements with CO-OP Financial Services, adding 56 ATMs and a league to its national surcharge-free network. Entering into agreements with CO-OP are: the Alabama Credit Union League (ACUL); Tuscaloosa (Ala.) CU; Jefferson County Teachers CU, Monticello, Fla.; Tampa (Fla.) Postal FCU; Gulf Winds FCU, Pensacola, Fla.; Florida Central CU, Tampa, Fla.; and Tampa (Fla.) Bay FCU. CO-OP has more than 3,500 surcharge-free ATMs in Florida, Georgia and Alabama. Partnerships include those with several Florida credit unions: Suncoast Schools FCU; Eastern Financial Florida CU, South Florida; GTE FCU, Tampa; and Grow Financial FCU, Tampa. CO-OP ATMs can be found in 7-Eleven, Costco, Walgreens, Publix and Cumberland Farms stores. CO-OP Financial Services provides products and services including ATM network access, processing, debit card services and shared branching. The CO-OP network offers more than 25,000 surcharge-free ATMs.