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Products & Services News (07-13-12)











The Pulse (07-13-12)

July 13, 2012    ●    Volume 01, Issue 28

View 07-13-12 issue of The Pulse

Products & Services News
 


LSS helps members avoid financial regrets

For many members, the task of managing their personal finances can be daunting. In fact, a survey conducted by the National Foundation for Credit Counseling found that more than 40 percent of U.S. adults give themselves a grade of C, D or F on their knowledge of personal finance and that fewer than half of adult Americans use a budget.

Through LSS Financial Choice, credit unions can offer their members expert budgeting and credit help. This enhanced service level includes immediate access to a counselor-on-call, priority scheduling and a focus on financial wellness. Members benefit from specific coaching on how to improve their credit score, avoid debt scams and regain control of their spending. In addition, credit unions benefit from decreased losses and vetted, trusted options for debt repayment and increased savings.

To discover how your credit union can benefit from LSS financial wellness products and services, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or (651) 288-5505.

*The National Foundation for Credit Counseling (NFCC) Financial Literacy survey is conducted by telephone within the United States by Harris Interactive on behalf of the NFCC each March among 1,000 adults ages 18+. Results are weighted for age, sex, geographic region, and race where necessary to align them with their actual proportions in the population. The full survey is available at www.nfcc.org.


CO-OP Financial Services launches innovation contest

Entries are now being accepted for CO-OP THINK Prize 13, a competition to inspire solutions to issues confronting the credit union industry. Entrants have until Friday, Sept. 28 to complete their applications and become eligible for the Master Card-sponsored $10,000 grand prize.

The solutions put forward in the competition can take any form. Examples include an innovative application of technology, a new process for back-office efficiency or a fresh approach to industry advertising and marketing. Judging is based on four standards: impact, creativity, the application of the idea across the industry and ease of implementation.

To learn more about this contest, visit the CO-OP Think Prize 13 website. For more information about CO-OP Financial Services, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5505.