CO-OP Launches New WebsiteRANCHO CUCAMONGA, Calif.-CO-OP Financial Services has created a new consumers website and revised its corporate site. The new consumer site helps members of participating CUs locate more than 28,000 surcharge-free ATMs in CO-OP Network nationwide, and will provide a link to the locator for the more than 4,400 offices within the CO-OP Shared Branch network.The address of the new consumer site is www.co-opnetwork.org, the new-look corporate site is at www.co-opfs.orgCUs Offered Insurance AlternativeSACRAMENTO, Calif.-Insurance broker Risk Strategies Company is now offering the Credit Union Health Benefits of America (CUHB) Plan to credit unions nationwide seeking an alternative to traditional medical insurance.For info: www.risk-strategies.comDatacard Releases New SolutionMINNETONKA, Minn.-Datacard Group, a provider of secure ID and card personalization solutions, released Secure Issuance Anywhere, an integrated issuance platform for secure, personalized card and credential management.For info: www.datacard.comCU Student Choice Adds 3 CUsWASHINGTON-Credit Union Student Choice, a provider of higher education financing solutions, pushed its client list to 215 with the addition of three credit unions: $1.2-billion America's First FCU, Birmingham, Ala.; $1.7-billion Landmark CU, New Berlin, Wis.; and, $72-million Rutgers FCU, New Brunswick, N.J.For info: www.studentchoice.orgPolicyAid Supports Compliance EffortsDES MOINES, Iowa-Regulatory compliance CUSO PolicyWorks has developed a new resource, PolicyAid, an online library of credit union policies that gives subscribers access to downloadable, customizable documents that can be adapted fit a CU's individual operations.For info: www.policyworksllc.comAccounting Firm Merger AnnouncedMILWAUKEE-Clifton Gunderson and LarsonAllen, two certified public accounting and consulting firms, announced plans to merge, which will create one of the top 10 largest accounting firms in the U.S. Pending final approvals, the merger will take effect Jan. 2, 2012, and the new firm will be named CliftonLarsonAllen (CLA).For info: www.cliftoncpa.com or www.larsonallen.comAlliance Expands To Risk ManagementMADISON, Wis.-CUNA Strategic Services, Inc., and Abound Resources have expanded their alliance to include risk management and compliance consulting, as well as advisory services for credit unions.For info: www.aboundresources.com or www.cunastrategicservices.comCO-OP Intros Merchant-Funded Rewards ProgramRANCHO CUCAMONGA, Calif.-CO-OP Financial Services is expanding its rewards offerings with ShoppingFLING, a standalone, merchant-funded rewards program offered in partnership with RewardsNOW, Inc., Dover, N.H.For info: www.rewardsnow.com or www.co-opfs.orgDiebold Enhances Vantage West CU's ATMsNORTH CANTON, Ohio-Diebold said it is refreshing the ATM fleet at $1.1-billion Vantage West CU to meet new regulatory guidelines and increase member conveniences, streamline business operations and enhance security by adding deposit automation functionality and providing numerous integrated services.For info: www.diebold.comMerdianLink Boosts Online Apps At SFFCUCOSTA MESA, Calif.-MeridianLink said it has helped $653-million San Francisco FCU increase online membership applications to hundreds per month from just a few dozen per month following the recent deployment of the company's platform.For info: www.merdianlink.comCUNA Mutual Group Expands Investment Advisory ServicesMADISON, Wis.-CUNA Mutual Group, through its registered investment advisor affiliate, MEMBERS Capital Advisors, is expanding its Credit Union Investment Advisory Services (CUIAS) program in anticipation of an increase in deposits from new members due to Bank Transfer Day.For info: www.cunamutual.comDiebold Theft-Prevention Technology Fights ATM Card SkimmingNORTH CANTON, Ohio-Diebold, Inc., said it has re-engineered its Opteva ATM hardware to support anti-skimming efforts with a new design for the bezel-the portion of the ATM containing the card slot and the surrounding area-to not only detect skimming activity, but to help prevent it.For info: www.diebold.com
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Amerant Bancorp in Coral Gables, Florida, appointed Carlos Iafigliola its permanent president and CEO; Morton Community Bank in Illinois reached a deal to buy a three-branch franchise in the Land of Lincoln; Bank First in Manitowoc, Wisconsin, agreed to acquire PSB Holdings; and more in this week's banking news roundup.
May 22 -
President Donald Trump administered Federal Reserve Chair Kevin Warsh's oath of office in a ceremony Friday morning. Warsh is expected to pursue changes at the central bank, including a push to reduce its $6.7 billion balance sheet.
May 22 -
Federal Reserve Gov. Christopher Waller said in a speech Friday that he favors holding interest rates steady until energy prices fall, but noted that the central bank should be ready to hike rates if inflation gets too far out of hand.
May 22 -
Cetin Duransoy said every employee at his company is now using AI in some way.
May 22 -
Many banks are missing revenue and cost-cutting opportunities—and potentially disenfranchising customers by not offering relevant app details.
May 22 -
Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They're now returning to the sector, and the renewed competition is prompting a pricing war.
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