e-Weekly
September 23, 2009
MemberCloseÒ Lending introduces Member Services, LLC
MemberCloseÒ, the bundled mortgage and home equity program used by more than 150 credit unions, now has a new way to help credit unions compete in the ever-changing mortgage marketplace. MemberCloseÒ Lending will provide your credit union with its very own custom built mortgage program. Your mortgage department will have all of the capabilities of any other institution with one major difference…it comes at no cost to you!
Three of the critical factors for having a mortgage program with sustainable success are rates, product and service. With the MemberCloseÒ Lending program, you get the best of all three. We accomplish this goal through a strategic partnership with Member Services, LLC (MSL), an organization built to provide mortgage solutions to credit unions. This unique affiliation brings together the technology benefits of MemberCloseÒ and the lending expertise of MSL.
Flexibility has been built into MemberCloseÒ Lending in every way possible. Your credit union can choose which loans to keep and which ones to sell. The credit union can also choose how deeply (if at all) to get engaged in the processing of the loan. We realize that the needs and wants of your credit union will change over time…and we will be ready to change with them.
To learn more about this exciting new program, please contact Bob Delaney ( rdelaney@cucenter.org) at 1-888-746-2476.
Developing Great Managers
The League is pleased to again offer its three-day Developing Great Managers The Developing Great Managers workshop series provides a learning sequence that builds on participants’ expertise and interactions and in the process enhances the management skills of each person.certificate program at the Credit Union Center in Marlborough, MA on October 6, November 3, and December 8. This program was developed at the request of a number of credit unions and has continued by popular request. The League had great response from the attendees of earlier sessions and looks forward to another exciting group learning experience.
Managing Oneself, Managing Others, and Managing the Business are the focuses of the three days. The program is designed to test, challenge, update, and enhance the management skills of experienced managers and to encourage them to lead, inspire, motivate, guide, and shape the future. We are also pleased to announce that Dan Egan, president; Mary Ann Clancy, senior vice president and general counsel; and Paula Dion, senior vice president of professional development will be guest speakers; and Kathleen Enderlin, senior vice present of audit solutions will offer a breakout session on understanding financial statements.
A prerequisite to the program is the completion of a DiSC assessment tool. DiSC is one of the business world’s most popular behavioral models used today. Bill Nagle, a certified facilitator of the DiSC Assessment Test, will help participants identify their primary behavior styles, understand how these tendencies have worked for them, and provide alternative responses for them to become more effective and successful in their work. It will kick-off the segment on Managing Oneself.
House Committee announces additional reg reform hearings
The House Financial Services Committee recently announced a series of hearings on regulatory reform, with the first of many hearings being held on the morning of Wednesday, September 23.
The first hearing, during which the full Committee will address the Obama Administration's proposals for financial regulatory reform, will take place in the Rayburn House Office Building. The Committee will also discuss financial regulator's perspectives on regulatory reform early that afternoon.
The Committee also announced a hearing to address oversight and audit issues at the Federal Reserve, scheduled for this Friday, September 25.
The Committee will again discuss the Consumer Financial Protection Agency on Wednesday, September 30, with the Capital Markets Subcommittee holding a hearing on credit ratings agencies later in the day.
Go Direct® Community Ambassadors Program
Registration for the second-annual Go Direct Community Ambassadors Program is now open! This new and improved recognition program, which runs from October 2009 through May 2010, was designed by the U.S. Department of the Treasury’s Go Direct campaign to identify and officially recognize community- and medium-sized financial institution partners that go the extra mile in promoting direct deposit to senior citizens, people with disabilities, veterans and others who receive federal benefits. All financial institutions with fewer than 100 branches are invited to register online by visiting the Community Ambassadors page of www.GoDirect.org. The deadline for registration is September 30, 2009.
The Go Direct Community Ambassadors Program is simple to implement and provides a flexible way to demonstrate a commitment to the community’s financial health. Program guidelines require financial institutions to implement two Go Direct campaign activities during one of the three peak campaign months: October (Crime Prevention Month), February (Go Direct Month) and April (Financial Literacy Month)/May (Older Americans Month). Credit unions that successfully participate in the Community Ambassadors Program will receive a letter of recognition and certificate from Treasury’s Go Direct campaign.
Participation provides benefits to credit unions and the community. Credit unions will:
- Gain recognition from Treasury’s Go Direct campaign for their efforts.
- Receive a Web banner and suggested newsletter copy that can be used to announce recognition as a 2009/2010 Go Direct Community Ambassador to staff, customers or members.
- Help customers or members simplify their lives, protect their identity and gain more control over their money.
- Increase loyalty and satisfaction among customers or members.
- Learn how the credit union’s success in driving direct deposit compares with industry peers.
- Reduce amount of paper-based transactions.
- Underscore commitment to community service.
Thanks in large part to the efforts of more than 1,400 partners – financial institutions and community-based organizations – the Go Direct campaign has helped more than 3 million Americans make the switch from paper checks to direct deposit. Through participation in the Community Ambassadors program, your credit union can help keep this momentum going.
Participants in the Community Ambassadors Program will have access to a variety of free Go Direct materials for promoting the benefits of direct deposit among the people served. For more information about the Community Ambassadors Program or Go Direct, call 952-346-6055, or visit www.GoDirect.org
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