Posts By: Denise Wymore

Free Registration, Lodging Available for May 6-9 Conference in Miami Beach; 

Applications available at http://co-opthink.org/crashers19

For the second year running, CO-OP Financial Services and Filene are bringing The Cooperative Trust’s crasher program for young credit union professionals to the THINK conference, with free registration and lodging for THINK 19.

“The THINK Crashers program is particularly relevant to our THINK 19 conference theme of ‘Opportunity Never Rests,’” said Samantha Paxson, Chief Experience Officer, CO-OP Financial Services. “THINK Crashers is a dynamic experience designed for young professional education, leadership development, mentorship and networking. In addition to having full access to conference content, we will be providing specifically curated content for the high-potential, rising stars who will make up the THINK 19 crashers.”

Read more on CO-OP ANNOUNCES THINK 19 CRASHERS PROGRAM FOR YOUNG CREDIT UNION PROFESSIONALS…

The Board of Directors of CU*SOUTH has voted to approve a 4.31% dividend to the credit union owners of the CUSO.

“CU*SOUTH continues to increase both the amount and the rate of our Class A share dividend each year,” says CEO Leo Vaulin. “This is the highest dividend we’ve paid since we began offering shares to credit unions, steadily increasing the book value of our Class A shares by over 370% in the past 7 years.”

“Not all CUSOs are designed to operate this way,” Vaulin explains. “We take the 7 Cooperative Principles as core values – so we make ownership available by pricing our shares affordably, and promoting a one-share, one-vote model of governance to ensure that both large and small credit unions are democratically represented and rewarded for their participation.”

Read more on CU*SOUTH CUSO pays 4.31% dividend to credit unions…

Recognizing the ever-present dilemma of cost versus member-convenience for small credit unions, eDOC Innovations set out to help them make changes in the way they do business and serve their members by introducing technology at specially reduced pricing. eDOC’s new Small Credit Union Initiative offers credit unions under 3,000 members their eDOCSignature platform to get them into the game of digital transaction automation, management and eSignature capabilities with the intent to provide conveniences that will attract and retain technology-centered members. 

Read more on eDOC changes the narrative for small credit unions…

Turnover can be very stressful on an organization, but turnover at the top is even more stressful. To assist in ATL Federal Credit Union’s (Wyoming, MI) search for its new CEO, the board of directors and senior staff turned to CU*Answers. CEO Randy Karnes and Vice President of Organizational Resource Development Amber Overla participated in the first of several committee meetings at the $13M credit union to help facilitate their executive search for a new CEO.

Read more on ATL Federal Credit Union seeks assistance of CU*Answers in search for new CEO…

To Build and Harness the Power of Data Analytics for Credit Unions

Trellance today announced its acquisition of OnApproach.  The acquisition combines two leading Credit Union Service Organizations (CUSO) to become the industry’s leading data analytics provider to credit unions nationwide.

              The acquisition agreement closed on February 8, 2019, with unanimous approval by Trellance’s Board of Directors.  President & CEO of Trellance, Tom Davis, said, “We continue to recognize the importance of data analytics in providing insights to drive results today and into the future. With this acquisition, Trellance in conjunction with OnApproach, will allow credit unions to use real-time data to increase efficiencies, manage risks and enrich relationships with their members.”

Chief Executive Officer at OnApproach, Paul Ablack, said, “Our goal at OnApproach since 2005 has been to provide credit unions with the means to transform their data into actionable goals. With the 30 years of experience working alongside credit unions that Trellance brings to the table, we are excited to collectively harness the power of data. Credit unions have incredible opportunity with data, and this partnership with Trellance will help to accelerate analytics adoption for the credit union industry. At OnApproach, we believe that credit unions should have full access and ownership of their data. By combining forces with another reputable CUSO, we are proud to continue empowering credit unions with the tools and data required to properly serve members and grow their businesses.”

Read more on TRELLANCE ACQUIRES ONAPPROACH…