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CUNA Releases Supervisory Committee Fundamentals Video

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MADISON, Wis. (8/2/13)--The new CUNA Supervisory Committee Fundamentals video is available, the Credit Union National Association said.
The video, a resource for credit union supervisory committee members, can be purchased by yearly subscription and fulfills credits in the Supervisory track of CUNA Volunteer Certification Program.
The video, led by industry expert Tim Harrington, explores the duties and responsibilities of a supervisory committee member and delivers insights on the committee's role in today's credit union environment.
"It's a rare opportunity for CUNA to be able to offer direct live-action training from an expert like Tim that can be accessed at any time," said Kevin Smith, CUNA director of learning events. "As credit unions begin to blend learning across more channels and formats, resources like this video will be the key to making training stick."
In his video presentation, Harrington covers the responsibilities of a supervisory committee, performing the supervisory committee's job and being an effective supervisory committee member.
Topics covered in the video include:
  • Committee duties and powers;
  • Monitoring the board of directors and other officials;
  • Auditing responsibilities;
  • Working with examiners and regulators;
  • Monitoring and understanding the credit union's financial condition; and
  • Recruiting and evaluating committee members.

Mountain America CU Introduces PayPal's SendMoney P2P Payments

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WEST JORDAN, Utah (8/2/13)--Mountain America CU, West Jordan, Utah, has introduced Send Money--Powered by PayPal, a person-to-person payments solution that allows members to send money by mobile phone or e-mail.
"Financial companies are beginning to realize that simple money transfer capabilities will not fully satisfy their customers," said Rob Cummings, Mountain America CU senior vice president of online and mobile banking.

"Consumers are asking for the ability to pay their friends electronically, including splitting checks at restaurants, paying babysitter wages via digital money, or even sharing in monthly rent. And [members] want this service to be free and instantaneous," he added.
Send Money is offered through Mountain America's online and mobile banking services. To send money to a friend or family member, Send Money users need the recipient's mobile phone number or e-mail address.  The funds will be sent instantly to the recipient's PayPal account. Recipients without a PayPal account will be guided to create one and receive the money.