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TMGCoopera webinar on reloadable prepaid card for Hispanics

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DES MOINES, Iowa (7/20/12)--The Members Group (TMG) and sister company Coopera will host a free webinar Tuesday for financial institutions seeking to reach underserved consumers and will roll out the Coopera Card, a reloadable Visa prepaid card designed for Hispanic cardholders.

The webinar, entitled "The Coopera Card--A Reloadable Prepaid Card for the Hispanic Cardholder," will take place from 1 p.m. to 2 p.m. CT Tuesday.

TMG Retail Payments Product Manager Konrad Christensen and Coopera CEO Miriam De Dios will discuss the Coopera Card's features and benefits.  Topics covered will include:

  • Market opportunity for Hispanic prepaid reloadable cards;
  • Features/benefits of the card;
  • Instant issue capability;
  • Cardholder support options;
  • Materials to attract Hispanic consumers; and
  • Return on investment proforma cost analysis.
"Young and largely underserved, the Hispanic community is a critical group for community-based financial institutions," said De Dios.

TMG and Coopera developed the card for credit unions and community-based banks.

For more information use the link.

Intuit offers free payroll app

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MOUNTAIN VIEW, Calif. (7/20/12)--Intuit Inc., a small business payroll provider, now offers a free payroll app for iPhone, iPad and iPod touch that simplifies paycheck calculations for new employers and small businesses that process payroll by hand.

Snap Payroll frees payroll professionals from relying on a spreadsheet and their own math skills to determine the appropriate pay and how much to deduct for taxes. It lets employers calculate paychecks away from their desktops.

The app provides guidance to the 31% of small businesses that are processing payroll manually as well as first-time employers who don't know where to begin. The tool is always updated with the latest tax rates, Intuit said.

Employers enter the hours employee hours worked and pay rates and the app does the math. It also keeps a record of paycheck history and includes federal and state tax withholding forms.

The Snap Payroll app is available for free from the App Store on iPhone, iPad and iPod touch in the iTunes App Store. So far it supports employers in Alaska, California, Florida, Illinois, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington and Wyoming.

Intuit provides business and management solutions for businesses and financial institutions, including credit unions.

The Credit Union National Association (CUNA) and credit unions are urging the U.S. Congress to increase credit unions' member business lending (MBL) cap to 27.5% of assets from 12.25%. Doing so would open up more opportunity to offer MBLs, inject $13 billion in business loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers, CUNA said.

CU Members Mortgage signed 22 CUs in 2Q

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DALLAS (7/20/12)--CU Members Mortgage, a mortgage services provider, signed roughly 22 credit unions nationwide during the second quarter of this year.

Partnering with CU Members Mortgage helps credit unions to offer mortgage lending services with reduced risk and increased income while the service provider works with the credit union at its level of comfort.

Donna Wade, vice president of lending/member relations, Jackson (Miss.) Area FCU, said her credit union signed with CU Members Mortgage because the credit union's management team sought to offer a simple mortgage lending solution to retain members and attract new ones.

"Our ultimate hope is to enhance the value of our credit union with these services so it will become our members' primary financial institution," Wade said.

CU Members Mortgage provides mortgage services to more than 1,000 credit unions, credit union service organizations and leagues nationwide.