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CUNA Mutual Offers SEG Product

MADISON, Wis.-CUNA Mutual Group's MEMBERS Financial Services has begun offering what it says is a first-of-its-kind Select Employee Group (SEG) marketing program "designed exclusively to help credit unions market insurance and investment programs to members and attract new members through retirement planning and financial services."

In offering the service, MEMBERS Financial cited CUNA research showing that just 20% of SEG employees eligible to join a credit union do so, yet 80% said they would use financial services designed to help save for retirement. MEMBERS Financial Services provides a complete turnkey plan that provides credit unions and SEGs all the marketing materials necessary to educate and service employees.

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Fraud Buster Awards Announced

SAN DIMAS, Calif.-The international credit union shared branching network Financial Service Centers Cooperative has named the recipients of the 2006 Fraud Buster Awards for employees at FSCC credit unions whose actions protected their own members and members of other credit unions from fraud during the first quarter.

The winners were: First Financial CU, West Covina, Calif., Matanuska Valley FCU, in Palmer, Alaska, and TLC FCU in Tillamook, Ore. Recipients received an official program certificate and a Credit Union for Kids Visa Gift Card valued at $100. FSCC said the winning CUs collectively stopped over $125,000 in fraudulent activities.

FSCC maintains an active Operation Advisory Committee comprised of stockholder credit unions on the FSCC network. The committee reviews activity and looks at ways to prevent and detect fraud through rule changes, products and services.

Fraud training, online fraud detection and alert programs are available for FSCC credit unions.

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