CO-OP Shared Branching Reaches Milestone with 4,000 U.S. Locations
CO-OP Financial Services said it marked a significant milestone in convenience, as members of participating credit unions now have account access to 4,000 CO-OP Shared Branching locations throughout the United States.
In addition to the 4,000 physical, full-service shared branch locations, credit union members also have access at 2,300 CO-OP Shared Branching kiosk locations.
CO-OP Financial Services said its Shared Branching allows credit unions to share facilities and accept guest members. As a result, credit unions can offer their members a collective branch network comparable to the largest national bank competitors. CO-OP Shared Branching ranks fourth in the nation by number of branches, only behind Wells Fargo/Wachovia, Bank of America and Chase.
"Despite the emergence of new access channels, such as mobile banking, credit union members still want the ability to walk into a branch to handle their financial needs, and they want that branch to be convenient," said Carroll Beach, president/COO, CO-OP Shared Branching. "This milestone is a triumph of the credit union philosophy of cooperating to better serve members."
Credit Union Journal
Attention Connecticut Credit Unions:
To learn how your credit union can participate in the CO-OP Shared Branching Network, contact Nick Moalli at the CT League at nmoalli@culct.coop, 800-228-2285, extension, 7059 or 203-608-7059.
Invest In America Rolls Out New 'Private Offer' Incentives
In a move to bolster even stronger CU support for Invest in America, CUCorp is rolling out additional incentives for the car-buying discount program.
The new "Private Offer" provides an additional $750 off GM vehicles when a member gets CU financing. Invest in America's standard GM Supplier Pricing discount of 5% to 10% off MSRP still applies.
This additional discount, CUCorp CEO David Adams told Credit Union Journal, is to be used by credit unions for targeted marketing. "Maybe the credit union has a certain number of members who have car loans that are maturing.
They can now offer them an additional $750 discount just for being a credit union member, and the credit union is guaranteed to get the loan if the member buys the car."
CUs may make the offer only to specific employee groups. From March 1 to April 30, the offer will be extended to healthcare professionals; May through June will be for education professionals; July through August will be for public service professionals; September through October will be for labor and trade professionals; and, November through December will be for military professionals.
To participate, CUs must register for an offering 45 days in advance of its start date either by going to www.lovemycreditunion.org or by contacting Invest in America staff at CUCorp. Participating credit unions will be sent a marketing mailer to send to eligible members that includes a code so the member can come specifically to that credit union for financing to receive the discount.
CUCorp is a subsidiary of the Michigan CU League.
The first Financial Reality Fair of 2010 is scheduled for Tuesday, March 30
Central Connecticut State University, New Britain
Other Fairs already scheduled are:
April 7: Groton Technical High School, Groton
April 21: Housatonic Community College, Stratford
April 21: Bunnell High School, Stratford
May 5: Torrington, Conn. area
May 18: Hamden High School, Hamden
May 26: Manchester Community College, Hartford
Volunteers are needed for all of these Fairs to run booths and interact with students as they make their way through their budgets.
Volunteering at the Fair is free, fun, and for everyone interested in learning the process of helping the next generation understand how to manage their money and live within a budget. You will be surprised at what you will learn yourself.
Working at this event is rewarding. To sign up, or if you have questions, please contact Barb Bass at bbass@culct.coop.
Connecticut League to Form
Young Credit Union Employee Collaboration Council
In a time where many credit unions are setting their sights on attracting the next generation of members, the Credit Union League of Connecticut is launching an inaugural young credit union employee networking council.
Following the success of the Filene Research Institute’s 30 Under 30 Program, the Connecticut League is recruiting credit union employees under the age of 35 to participate in a year-long networking and collaboration council. In Filene’s model, 30 credit union leaders under the age of 30, banded together as an entrepreneurial swat team to come up with ten implementable ideas to attract a new generation of credit union members, employees and volunteers. Following a presentation at the California Credit Union League Annual Meeting, many of these ideas were spearheaded by credit unions across the country as viable ways to focus on the future of the industry.
The League is seeking young credit union professionals to participate in this council. To read the entire description, which includes the charactertistics we are looking for in the individuals, click Young Professonals Council Letter to see what was recently sent out to affiliated credit unions in Connecticut.
To recommend an individual, please contact:
• Barb Bass, VP Education & HRD, CU League of CT – bbass@culct.coop
• Amy Stanton, AVP Marketing, Connex CU - astanton@connexcu.org
For more information about the Young Professionals Council, click Frequently Asked Questions.
The first meeting of the Young Professionals Council will take place at the League on Thursday, February 18th.
Please consider attending and register with Susan O'Loughlin at 800-228-2285, ext. 7061, 203-608-7061, or soloughlin@culct.coop.
Credit Union League of Connecticut
2010 Annual Meeting
Tuesday, April 6, 2010 ■ One-Day Event
Aqua Turf ■ Southington, Connecticut
The Entire Day is at No Cost to Affiliated Credit Unions
► Click Here for the Registration Form ◄
Deadline to Register: Monday, March 22
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Attention, Vendors!
Click here for complete Exhibit information!
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Here's what you can expect:
■ Continental Breakfast
■ Vendor Show
■ CULAC Raffle
■ Annual Business Meeting
■ Hot Luncheon Buffet
■ Guest Speaker: Dr. John Mahon
■ Door/Raffle Prize Announcements
■ Lavish Cocktail Reception
Open bar
Hot hors d’oeuvres
Filet mignon/turkey carving stations
Sushi stations
Pasta stations
Desserts
Registration materials will be mailed in early February.
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Special Guest Speaker ■ Dr. John Mahon
World-renowned speaker Dr. John F. Mahon is Professor of Management and Chair of International Business Policy and Strategy at the Maine Business School, University of Maine, and Dean of the College of Business Public Policy and Health.
He received his Doctor of Business Administration degree from Boston University, and is the author or co-author of more than 130 book chapters and papers published in professional and academic journals.
Always entertaining yet constructively informative, Dr. Mahon will offer his keen observations and insightful commentary on the meaning and importance of true member service, based on his 30+ years of consulting, management, and teaching experience.
Click to Register today!
► Improve Margins & Boost Your Credit Union’s Bottom Line
► Add Convenience as You Add Members
► Open Member Access to Their Accounts Almost Anywhere
CO-OP Shared Branching, the national credit union-owned and -operated network, can make your credit union be “located” in more places than you once thought possible. Your credit union can have thousands of locations nationwide instantly. Because with CO-OP Shared Branching, every branch becomes your branch!
Convenience and access are what matter most to members. With CO-OP Shared Branching, your members will get the access they want whether they are near home or far away. Shared branching competes head-on with the multiple branches of national banks, and blows away the availability of small, local banks. That’s competition with an advantage.
CO-OP Shared Branching goes even farther:
● Your credit union not only competently serves your membership, it also helps retain members by expanding your hours of operation without adding staff or overtaxing your current employees.
● Your credit union can boost its bottom line by acquiring transactions at your branches. Yes! You earn every time your credit union handles another credit union’s transaction.
● You can also boost disaster recovery. How? Wide geographical access to member accounts is often critical during local and national emergencies.
● Competition with large banks is controlled if not actually reduced, positioning your credit union in the marketplace for growth and desirability.
● Taking advantage of today’s technology, your credit union can even use text messaging and GPS locator services to reach members everywhere at any time!
Imagine serving your members just about anywhere! The CO-OP Network provides more than 28,000 surcharge-free ATMs, including 9,000 that take deposits. Still growing, the network serves all 50 states, plus 10 countries. It doesn’t come any better than that!
There’s so much to the CO-OP Shared Branching network that it’s in your best interest to investigate—as well as participate in.
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What Are the Benefits of Belonging to CO-OP Shared Branching?
Participating in the CO-OP Shared Branching network can advance your credit union in a variety of ways.
● Gain a greater service area with locations throughout the U.S.
● Offer your members extended business hours.
● Decrease your cost of delivering service to members.
● Eliminate the need for “brick-and-mortar” branches at a high cost to you.
● Offer members service options during disaster recovery.
● Retain members because of your added convenience.
● Attract new members because of your convenience as well.
● Provide service access to members who travel or relocate.
● Effect reactivation of inactive member accounts.
● Take advantage of a cost-effective way to grow.
● Improve your competitiveness by combining resources.
● Support the credit union philosophy of cooperation.
● Practice the philosophy of people helping people.
There is no end to how your credit union can thrive...
...by becoming a part of this dynamic network! The value and benefits to both your credit union and your members are immeasurable.
To learn more, contact Nick Moalli at the League:
● 800-228-2285, ext. 7059
● 203-608-7059
● nmoalli@culct.coop
Focus on...
In today's ever changing business environment, it is unrealistic to expect any business to develop and maintain all the resources, technologies, products, employees, and services necessary to effectively compete in today’s dynamic marketplace.
In order for organizations to grow and be able to compete effectively, they need to form mutually beneficial strategic alliances with other organizations for the purpose of maintaining and enhancing their market viability. These alliances serve to integrate people, processes, technologies, products, and services where there might otherwise be a degradation in these relative capabilities.
Your League has formed strategic alliances that we believe will exponentially increase our ability to provide improved products and services to all of our affiliated credit unions, and in turn help improve service to their members. These strategic partners have come together to create unique and dynamic products and services that, for the most part, can only be obtained by affiliated credit unions of your League!
We are excited about these new partnerships and encourage you to contact them for further information. Following is a list of our current Strategic Partners, along with their contact information. We will be hosting information sessions on each in the very near future and encourage you to attend.
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(800) 352-3823
Constitution Corporate is a full-service corporate credit union fulfilling the financial needs of credit unions through a comprehensive line of correspondent, EFT and investment services. (www.constitutioncorp.org)
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866-WEB-DEVL (932-3385)
SmartSource Solutions is a full-service Web development CUSO specializing in dynamic Internet-based applications and Web sites. SmartSource is revolutionizing credit union Web sites by adding a creative flair rarely seen in the industry and empowering credit union with one of the most powerful content management solutions available. (www.smartsourcesolutions.org)
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(800) 356-2644
CUNA Mutual Group is a leading provider of financial services to cooperatives, credit unions, their members, and valued customers worldwide. With more than 70 years of experience, we are passionately committed to helping customers succeed. CUNA Mutual Group provides innovative commercial and consumer insurance and protection products to safeguard your assets and help find solutions for your financial needs. We offer services to grow long-term relationships and manage risk. Our asset management team brings capital-market expertise to benefit your investments. Our vision: to be a trusted business partner who delivers service excellence with customer-focused, best-in-class products and market-driven innovation. (www.cunamutual.com)
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Mike Kerans, Director of Business Development
(973) 647-4387
mkerans@accesstomoney.com
Access to Money provides a variety of financial products/services, including ATM and Talaris cash automation equipment, servicing, and processing; physical and electronic security systems; and a turnkey student loan origination platform. (www.accesstomoney.com)
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MARKETING & PRINTING POWERED BY ANALYSIS
Kris Van Meter, Director of Business Development
(203) 907-4225
kris@arga.net
Arga provides custom designed marketing programs, utilizing personalized, targeted 1-to-1 communications between the credit unions and their share members and prospects. We utilize a wide variety of print and electronic messaging technologies to accomplish what will be most effective for each member institution. (www.arga.net)
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Michael Savenelli
(203) 439-9400, Ext. 435
msavenelli@bcifinancial.com
BCI Financial Mortgage Corporation is an FHA-licensed mortgage company that handles Reverse Mortgages for senior homeowners who are 62 years old or older. A senior credit union member can use the equity in their home to receive a monthly payment, a line of credit, or a lump sum to payoff their current mortgage, with no payments required for as long as they remain in their home. (www.bcifinancial.com)
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Kris Buckley, President
(781) 258-0618
kmb@buckleytechgroup.com
BTG services include IT Audits, Information Security Risk Assessments and Board/Employee Training, Business Continuity/Disaster Recovery Plans and Testing, and Website Compliance. We also offer Project Management services for Mergers, Conversions and the Data Processor/Technology RFP process. Please contact us for a demo of our Vendor Management and IS/Business Continuity software tools. (www.buckleytechgroup.com)
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CO-OP Shared Branching
Nick Moalli, League AVP, Credit Union Services
800-228-2285, Ext. 7059
203-608-7059
nmoalli@culct.coop
The CO-OP Shared Branching network is a national credit union-owned and -operated network. Participation in the network provides credit unions with more than 28,000 surcharge-free ATMs, including 9,000 that take deposits. The network serves all 50 states, plus 10 countries, including Canada.
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CUDLAutoSMART
Bob Nealon, Regional Director - Northeast
800-842-1242, Ext. 363
bob.nealon@cudl.com
CUDL is the nation’s leading provider of automotive lending technology products and services for credit unions. Today, more than 630 credit unions and 8,000 dealerships nationwide utilize CUDL products and services to reach their automotive lending goals. For full information about CUDL, visit its corporate website at www.cudl.com. For information about CUDL’s revolutionary member resource website product available for credit union customization, visit www.cudlautosmart.com. To learn more about how CUDL can provide solutions for your credit union, please contact Area Account Representative Mike Ferraro at (860) 940-3481 or michael.ferraro@cudl.com.
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Invest in America
Curt Belaney
(800) 262-6285, ext. 543
Curt.Belaney@cucorp.com
Invest in America is a Credit Union Member Enhancement program that provides credit union members with discounts on products and services from U.S. based companies and, when necessary, low loan rates from credit unions. Participating companies and services include General Motors, Chrysler Group LLC, Sprint, Allied Moving and Storage, CompleteTax, CU Benefits Express, ELS Properties Vacation Destinations, and FTD. (www.lovemycreditunion.org/)
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Jay Friedland
(207) 650-4665
jaybanker@mmconsulting.info
M&M provides comprehensive compliance, audit, commercial loan review and risk management services to New England credit unions using a very seasoned team of full-time professionals. The M&M approach is to customize our services to fit client needs and to offer a fixed professional fee for the services provided. (www.mmconsulting.info)
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Rhonda Peruski
(800) 262-6285, Ext. 521, (734) 812-1284
Rhonda.Peruski@cucorp.com
The Sprint Nextel Credit Union Member Discount Plan offers participating credit unions a 15-percent discount on monthly recurring cell phone charges as well as discounts on accessories and equipment for corporate accounts. Credit unions, their employees, and their members can obtain the plan’s benefits wherever Sprint Nextel products are sold. Credit union members can receive a 10-percent discount on most monthly recurring charges, such as service plans and features. Members receive the discount simply by stating that they are a member of a credit union, even if their credit union is not participating in the program.
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Peter Shorrock, Sales Manager
(508) 436-1491
Peter.shorrock@wbmason.com
W.B. Mason has been providing customers with quality service since 1898. We have the ability to provide over 30,000 office products with next-day service and even same-day service in the Hartford and Springfield Markets. In addition to office products, Furniture, Furniture Design Services, Coffee and Beverage Services, Print and Promotional Products fall into our core competencies. We believe our Localized Business philosophy of superior customer service, low-cost company operations, and multi-million dollar leverage will help you meet your strategic goals. (www.wbmason.com)
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Winbrook
Joe Gibbons Rob Ferrucci
860-559-8086 203-482-4777
JGibbons@winbrook.com RFerrucci@winbrook.com
Winbrook has been providing statement rendering, business communications, tax processing, document management, and promotional services to the financial services industry for more than 40 years. The company has a number of well-known and well-established clients, many right here in Connecticut. Winbrook can review existing member communications, provide a document analysis that will evaluate new statement processing techniques to make marketing efforts more productive, review process expenses, including print, distribution, and postage, help identify cross-selling options, all at an advantageous competitive pricing model.
1064 East Main Street, Suite 201
Meriden, CT 06450-4898
800-228-2285 ▪ 203-265-5657
Fax: 203-284-8194 ▪ 203-294-4882
Name Direct Dial # Ext. # E-mail
Bass, Barb 203-608-7054 7054 bbass@culct.coop
Capone, Joan 203-608-7062 7062 jcapone@culct.coop
Emerson, Tony 203-608-7070 7070 temerson@culct.coop
Fuhlbrigge, Kelly 203-608-7055 7055 kfuhlbrigge@culct.coop
Moalli, Nick 203-608-7059 7059 nmoalli@culct.coop
O’Loughlin, Sue 203-608-7061 7061 soloughlin@culct.coop
Pollaro, MaryAnn 203-608-7058 7058 mpollaro@culct.coop
Powers, Bob 203-608-7051 7051 rpowers@culct.coop
Zagorski, Ed 203-608-7060 7060 ctcuacomm@culct.coop
▫ The main phone and fax numbers and staff E-mail addresses have not changed.
▫ The direct-dial numbers for League staff are new and will not go to the automated
attendant system. The staff member will either answer or your call will be directed
to their voice mail.
▫ If you dial the “traditional” League phone numbers (203-265-5657 and 800-228-2285),
the automated attendant system will answer. You can use the extension numbers
above to reach staff, access a staff directory, or utilize other options of the
automated system.
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From the Hartford Area:
Take I-91 South to Exit 17. Take ramp on the right and follow signs for East Main Street. Turn left onto East Main Street. The Cloverleaf Building will be on the left at the next light. Take a left onto Bee Street to enter the parking lot. The League is on the second floor.
From the New Haven Area:
Take I-91 North to Exit 16. Follow signs for East Main Street. At light, go straight ahead to Bee Street. Enter the parking lot. The League is on the second floor.
OR
Take the Wilbur Cross Parkway North (Route 15) toward Hartford. At Exit 67, take ramp right and follow signs for East Main Street. At light, go straight ahead to Bee Street. Enter the parking lot. The League is on the second floor.
From the Waterbury Area:
Take I-691 to Exit 10. Take Exit 67W right ramp and follow signs for East Main Street. Turn left onto East Main Street. The Cloverleaf Building will be on the left at the next light. Take a left onto Bee Street to enter the parking lot. The League is on the second floor.
From Middletown Area:
Take Route 66 to Exit 13, the East Main Street left exit. Proceed on East Main Street approximately one mile. The Cloverleaf Building will be on the right.
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