MADISON, Wis. - (04/07/06) -- CUNA Mutual Group said it isinitiating a pilot program that will help it develop a new breed ofcustomer service center. The customer operations pilot will helpCUNA Mutual experiment, test, and learn new customer servicetechnologies, processes, work methods, and organizational designs,said the company, which provides services or products for almostevery one of the nation's 9,000 credit unions. The goal of thepilot is to make it easier for credit unions to connect with CUNAMutual and for employees to provide the level of customer servicecredit unions are demanding. The pilot is part of an initiativelaunched in December aimed at improving and aligning claims, callscenters and product administration. The company plans to have thepilot operational by year-end 2006.
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The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.
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American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.
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Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.
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The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.
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Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.
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The bank technology company, which faces market pressure from fintechs, cut its outlook by about 20% and restructured its leadership following the departure of former CEO Frank Bisignano to the Trump administration.
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