The Pulse (04-06-12)
April 6, 2012 ● Volume 01, Issue 14
View 04-06-12 issue of The Pulse
Products & Services News
Free Discovery Webinars tackle mobile lending, compliance
This month, credit unions have the opportunity to attend two free and informative CUNA Mutual Group Discovery Webinars. These sessions will provide current information on mobile lending and regulatory updates.
On April 11 at 12:15 p.m., John Putman, CUNA Mutual's Lending Business Systems Director, will present "Mobile Lending: The Trends and Issues Impacting Your Credit Union." The presentation will explore mobile technologies and discuss what's driving their rapid pace of adoption with credit unions and members. Putman will also examine the demographic shift in credit union membership, why members are embracing smartphones for their mobile banking and new mobile-lending needs, and social media's emerging role in how credit unions communicate with members.
On April 18 at 12:15 p.m., Bill Klewin, CUNA Mutual Product Compliance Leader, and Lauren Calhoun, Compliance Manager, will present "Regulatory Compliance Update." Klewin and Calhoun will discuss the direction of the Consumer Financial Protection Bureau and the National Credit Union Administration and explain how changes in the regulatory and enforcement structure may affect credit unions.
Both Discovery Webinars are free, 60-minute events that include live question-and-answer sessions. To register for the webinars, visit the CUNA Mutual Group website.
CUMONEY waives $500 implementation fee
Now through May 31, ICUL Service Corporation is waiving the $500 basic implementation fee for its CUMONEY card. Minnesota credit unions can take advantage of this promotion and offer members an affordable Visa travel card. As always, CUMONEY does not charge credit unions an annual fee.
CUMONEY is a low-cost alternative to travelers' checks. The card is accepted anywhere the Visa logo is displayed and it is pre-loaded with value before members travel. If members become short on funds while traveling, the cards are easily reloadable. Also, unlike cash, if a lost or stolen TravelMoney card is reported to the credit union, the remaining unused balance can be transferred to a new card.
In addition, CUMONEY debit cards provide credit unions the opportunity to earn additional revenue. Credit unions receive a retail fee for each card issued, along with ongoing revenue for each active card. In addition, offering this product provides a competitive advantage and cross-selling opportunities. This turnkey program makes activation and administration simple and convenient.
Explore the benefits CUMONEY has to offer your credit union and its members. For more information about this or other products offered by ICUL Card Services, contact MnCUN Director of Business Development Vickie Ganrude by email or at (651) 288-5515.