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Federation To Host N.Y. CDFI Conference

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NEW YORK (8/27/13)--The National Federation of Community Development Credit Unions will host the Sixth Annual New York Coalition of Community Development Financial Institutions (CDFIs) Statewide Conference, Sept. 30 to Oct. 1 in Albany, N.Y.
 
This year's conference theme, "CDFIs: Partnering to Build New York State Communities," is about leveraging, enhancing capacity and building partnerships.
 
Among the topics to be addressed at the conference are:
  • Collaboration and partnerships;
  • Creating opportunities for responsible savings and loan products for consumers;
  • CDFIs and affordable housing ownership in New York;
  • Partnering with New York state agencies;
  • Integrating financial services and products for employees in the workplace;
  • Technology advancement and shared platforms to meet CDFI technology needs;
  • Immigrant loans;
  • Risk management; and
  • Entrepreneurship;
 
Speakers for this year's conference include:
  • Michael Swack, founder, Carsey Institute;
  • Alex Horowitz, research manager, Safe Small-Dollar Loans Research Project, Pew Charitable Trusts;
  • Monica Copeland, senior program officer, New York City Department of Consumer Affairs' Office of Financial Empowerment;
  • Justine Zinkin, CEO, Neighborhood Trust Financial Partners and Neighborhood Trust FCU, New York;
  • Tristram Coffin, CEO, Alternatives FCU, Ithaca, N.Y.; and
  • Kim Jacobs, CEO, Community Capital New York.

CUNA Mutual Event On Member Centricity Sept. 24

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MADISON, Wis. (8/27/13)--CUNA Mutual Group's one-day, free symposium on how credit unions can gain member centricity will be held Sept. 24 in Tampa, Fla.
 
Headlining the "Battle for the American Consumer: A Symposium on Member Centricity," is Don Peppers, author of several books on consumer-centric strategies. Peppers has been recognized by the Times of London as one of its "Top 50 Business Brains" and on Accenture's list of the "Top 50 Business Intellectuals."
 
"Our one-day symposium will feature some of the best and brightest minds in the business world on winning the battle for consumers over other financial institutions," said host Jon Lass, CUNA Mutual Group senior vice president, strategy and business development.
 
Also presenting at the event will be Michelle Eten, REI vice president of digital marketing. The largest consumer cooperative in the world, REI has built a customer centric retail model while remaining true to its cooperative roots.
 
Lass will discuss how credit unions can win the battle for their members' business. Dorothy Leaderer and Jennifer Norr of CUNA Mutual Group's customer operations unit will present a workshop on measuring the customer experience and using that data to become more member centric.
 
The symposium begins at 7:30 a.m. and concludes by 4 p.m. Credit union staff wanting to attend must register with Catie Shannon at catie.shannon@cunamutual.com or (608) 665.8374.

NEW: CO-OP To Acquire Minority Ownership Of Finivation

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RANCHO CUCAMONGA, Calif. (8/27/13 UPDATED 1:50 p.m. CT)--CO-OP Financial Services will become a minority owner of Finivation, a move to strengthen an existing technical partnership for Web and mobile application development and middleware that connect hosts and acquirers for emerging CO-OP products.

"CO-OP is investing in the latest solutions and technologies that make it more convenient for members to do business with their credit unions," said Stan Hollen, president/CEO of CO-OP Financial Services. "Developing digital payment channels is essential in today's market. With Finivation, we can continue to leverage our own technology to rapidly innovate to serve credit unions.
 
"Finivation is deeply committed to the needs of the credit union movement as it already counts many large credit unions as clients and through its work with the CUNA Technology Council," said Hollen.
 
The New York City-based Finivation played a key role in the development of the Credit Union Financial Exchange (CUFX), an open standard for efficient systems integration in the credit union ecosystem. Launched by the CUNA Technology Council in early 2012, the goal of CUFX is to reduce the time required for systems integration so credit unions can quickly launch new solutions for their members.
 
CO-OP has long established payments standards for financial transactions switching and settlement in both ATM/point of sale and shared branching. CO-OP intends to fully support CUFX for information exchange.  
 
Finivation's primary role in CO-OP product development will continue to be maximizing efficient connectivity to support emerging product lines and building adaptive applications that serve CO-OP's credit unions and their members. Finivation and CO-OP also will work together to build a middleware solution that will serve technology providers, payment processors and credit unions.
 
"We have worked essentially as an internal partner in conjunction with CO-OP's highly innovative product development team, so welcoming CO-OP into our ownership is a natural extension of the existing relationship," said Finivation CEOBrian Bodell.
 
"In addition to CO-OP products, Finivation will serve our current clients and partners and, with CO-OP's support, we plan to expand our presence assisting credit unions, other financial institutions and technology providers," said Bodell.
 
The companies did not disclose the specific terms of CO-OP's minority ownership of Finivation.