In January CU*Answers, the 100% credit union-owned cooperative CUSO, purchased FraudNet, a fraud prevention software that detects potential fraudulent activity over the bill pay scheduled transactions, from Fiserv. Based upon the initial six month timeframe FraudNet uncovered over $1.2 million dollars in suspicious activity and $108,000 in actual fraudulent transactions. The beauty of the system
CU*Answers and the cuasterisk.com network is urging its staff and client credit unions to take part in the CUNA-sponsored “Don’t Tax My Credit Union” campaign designed to prevent lawmakers from eliminating the credit union tax exemption as part of their upcoming tax reform. This tax exemption is crucial in maintaining the credit union difference as
At their recent Leadership Conference, CU*Answers announced the winners of two annual awards. Patrick Basler, CEO of First Financial Credit Union in Chicago, Illinois was presented with the Robert H. Mackay Leadership award and the Spirit of CU*Answers award was presented to Services Center Federal Credit Union in Yankton, South Dakota. The Robert H. Mackay
Two CUSO partners – Xtend, Inc., based in Grand Rapids, Michigan and CU*SOUTH, based in Fairhope, Alabama – recently integrated their bookkeeping services practices into a consolidated solution delivery team carrying the Xtend SRS (Shared Resources and Staff) brand. This integration allowed for the smooth transition of daily back-office support processes from CU*SOUTH to Xtend
During the CU*NorthWest Leadership conference last week, a roundtable discussion on success stories at credit unions sparked a CU Smack Down competition between the rain drenched and the sun soaked. Jennifer Oliver, CEO of SouthBay Credit Union in Redondo Beach, California told the group of assembled credit union leaders about how her office divided into
CU*NorthWest and its board of directors approved and distributed to its stockholders a dividend during the stockholder Annual Meeting, held in conjunction with the Leadership Conference, which took place at the Northern Quest Resort from June 26-27. Todd Powell, CEO of Spokane Firefighters Credit Union and CU*NorthWest Board Chairman, is more optimistic than ever about
Prospects, cuasterisk.com network partners and an overwhelming majority of CU*NorthWest clients attended the Liberty Lake-based CUSO’s two-day Leadership Conference held June 26-27 at the Northern Quest Resort. “This year’s leadership conference was a great networking opportunity. The enthusiasm of the attendees and their desire to want more was infection,” Leslie Johnson, CEO of CALCOE Federal
United Advantage Northwest Federal Credit Union is the 2013 Spirit of CU*NorthWest Award winner for their strong execution and performance in the face of adversity while demonstrating the credit union spirit. Despite 80% unemployment in their largest sponsor group over the last 10 years, United Advantage NW FCU has one of the highest ROA’s in
eDOC Innovations joined credit union peers and partners from Pennsylvania for the PCUA 79th Annual Convention & Exposition held May 16th through 17th at Hershey Lodge, in Hershey, PA. Attendees visited eDOC Innovations’ booth to learn more about eDOC Innovations’ CheckLogic™ suite of solutions for branch check processing and remote capture. CheckLogic suite gives credit
eDOC Innovations joined credit union peers, affiliates, and industry leaders from Michigan at the 2013 MCUL Affiliates Annual Convention & Exposition held May 16th through 18th at the Renaissance Center in Detroit, MI. As part of the collaboration, eDOC Innovations, in conjunction with Weltman, Weinberg, and Reis Co., LPA, contributed a Detroit Tigers gift basket