The Pulse (09-21-12)
September 21, 2012 ● Volume 01, Issue 38
View 09-21-12 issue of The Pulse
Products & Services News
CUNA Mutual Group's Loanliner mobile platform – from kitchen to success
Last week CUNA Mutual Group announced that it had garnered 40 new credit unions as Loanliner platform customers since it launched its smartphone loan application last year. In addition, this new service has drawn the attention of InformationWeek, a publication for technology experts.
The app, which got its start at a kitchen table, has resulted in CUNA Mutual processing roughly 35,000 loan applications and generating more than $335 million in loan application volume, said InformationWeek in its Sept. 11 issue. To date, more than 550 credit unions have implemented the smartphone loan app, and CUNA Mutual has partnered with Fiserv, a global provider of financial services technology, to make the app available to an additional 350 credit unions. The app could be a key element for credit unions trying to attract younger members because the average smartphone loan application user is 32, the publication said.
To learn more about Loanliner and CUNA Mutual Group's other products and services, contact MnCUN Director of Business Development Vickie Ganrude by email or at (651) 288-5515.
CO-OP shares secret ingredient to strengthening member relationships
The secret to having strong member relationships is convenience. The CO-OP Network, through a partnership with CO-OP Financial Services, gives credit union members convenient access to more ATM terminals than any bank in the nation. Through this service, credit union members can access more than 30,000 surcharge-free ATMs in all 50 states, 300 of which are in Minnesota.
With ATMs located in Costco, Walgreens, 7-Eleven and supermarkets, members can easily find a place to get money. Plus, members can use CO-OP's locator tools if they have trouble finding an ATM near them.
Getting started with the CO-OP Network requires no technological expertise on the part of participating credit unions. CO-OP provides turnkey implementation and minimizes operational concerns with total management support. CO-OP also offers professionally prepared and customizable promotional materials that are available through CO-OP Ad Lab to help credit unions market this unique opportunity.
Discover today all that CO-OP Financial Services has to offer your credit union. For more information about CO-OP Financial Services, contact MnCUN Director of Business Development Vickie Ganrude by email or at (651) 288-5515. Credit unions can also contact CO-OP representative Christopher Kruger by email or (909) 948-2644.