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Free Discovery doubleheader slated for July 19

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MADISON, Wis. (6/30/11)--CUNA Mutual Group is hosting its first Discovery Webinar doubleheader on July19--and both events are free. Bill Klewin, CUNA Mutual director of regulatory compliance, will present “Hot Topics around Lending Regulatory Compliance” at 12:15 p.m. (CT), followed by Brad Pricer, CUNA Mutual employee benefits senior manager, presenting “Navigate Health Care Reform with Confidence” at 2:15 p.m. Attendees may call in for one or both of the webinars. Klewin’s session will address lending regulation challenges faced by credit unions. He will focus on required changes to policies, procedures and data processing systems and recommend best practices for keeping in compliance. He also will attempt to bring clarity to confusing open-end lending requirements of Regulation Z. Pricer will review the health and welfare plan mandates in effect this year and how they impact credit unions. He also will examine what to expect in the future and provide tools and resources for gathering information to stay in compliance and confidently communicate with employees. CUNA Mutual’s Discovery Conference has a long history of bringing learning and networking opportunities to credit unions. Topics are aimed at enhancing credit unions’ ability to compete.

Vertifis RDC passes 1B in deposits

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BURLINGTON, Mass. (6/30/11)--DeposZip, a proprietary remote deposit capture (RDC) service offered by Vertifi, has surpassed $1 billion in cumulative deposits. With DeposZip, credit union members--including business-account owners--can deposit checks from desktop scanners or cameras contained in their mobile devices. DeposZip’s introduction was desktop based, requiring a personal computer and scanner. DeposZip Mobile was launched in January 2010. In its infancy, DeposZip Mobile allowed members to make deposits via a downloadable application developed exclusively for the iPhone. DeposZip now includes apps for the iPad, iPod touch, and Android devices. The introduction of DeposZip Mobile has accelerated the program’s growth, said Vertifi. Registered users have grown to 140,000 from 78,000 in the past year, and average daily deposits in nearly 70 participating credit unions now exceed $2 million. Vertifi is a subsidiary of Eastern Corporate FCU.

CU Members Mortgage guides CUs through new processes

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DALLAS, Texas (6/30/11)--With the mortgage industry in a constant state of change, CU Members Mortgage will provide education to its credit union partners to ensure smooth transitions during complex regulatory change so they can confidently advise their members through today’s new home loan process. Among the mortgage-related topics CU Members Mortgage has advised its credit union partners on:
* SAFE Act; * Qualified residential mortgage; * Secondary marketing; * Federal Housing Authority (FHA) origination; * Fannie Mae loan quality initiative; and * Maximizing income and minimizing risk.
More specifically, CU Members Mortgage partnered with the Texas Credit Union League to host three “Lunch and Learn” events that provided advice on today’s FHA lending environment. The company actively participated in the Credit Union National Association’s Lending School in April and will present its 15th National Mortgage Lending Conference in March 2012. CU Members Mortgage also participates in mortgage-focused webinars throughout the year, providing information to credit unions. For example, it participated in CUNA Mutual’s educational webinar in June, discussing the details of secondary marketing. The company also supports marketing materials that credit unions can provide to members about the home-loan process and resources to host home-buying seminars at the credit union. “It’s getting more complicated to run a mortgage department these days,” said David Motley, CU Members Mortgage president. “It is time consuming and expensive for departments to remain up to date with all the changes and implement compliance. We have stepped up our efforts to help our partners and their members through mortgage education programs. We believe if we proactively go out there and provide them with the latest information, they can offer their members a better service--which will greatly enhance their value. We all win in this situation.”