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CA FINALISTS CHOSEN FOR THINK PRIZE
updated 03/14/13 04:27 PM
Winner to be Announced May 2
CO-OP Financial Services has selected three finalists for the CO-OP THINK Prize 13, a $10,000 grand prize presented by MasterCard. The winner will be announced on May 2 at the THINK 13 Conference in Chicago.

CO-OP THINK Prize 13 is a competition created by CO-OP Financial Services to inspire innovative business solutions to the issues facing the credit union industry.

The three finalists are:

  • Robert Baron, director of marketing, Technicolor FCU, Burbank, CA: Virtual Teller System.
  • Andree Kirk, online services administrator, San Francisco FCU, San Francisco: Shared Member Application Platform.
  • Deborah Larson, branch manager, Dakota Plains CU, Enderlin, ND: Switch Kit App.

The finalists were selected from among 25 semi-finalists by judges from CO-OP Financial Services and Filene Research Institute. The winner will be chosen based on judges’ scoring, online voting by credit union employees, and on-site voting by registered THINK 13 Conference attendees. Credit union employees can vote at www.co-opthink.org from March 26 to April 19.

CO-OP Financial Services will be working with the finalists to produce a video that helps the entrants explain their idea, which can take any form such as an innovative application of technology, a new process for back office efficiency, or a fresh approach to industry advertising and marketing. Though the ideas can vary widely, the judging criteria for entries are based on four main standards – impact, creativity, aggregation (the application of the idea across the industry) and implementation (the ability to be adopted).

 
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CHAPTER FORUM, RECEPTION ENGAGES CUs updated 10/27/14 06:55 PM
Networking and Awards after 'REACH'
Credit union chapter members from across California and Nevada gathered Oct. 23 at the JW Marriott (L.A. Live) in downtown Los Angeles to attend the 2014 Chapter Forum, which offered a full day of valuable networking and educational sessions for attendees who were eager to share individual stories about the work their chapters are accomplishing.

NEEN JAMES CHALLENGES CUs AT 'REACH' updated 10/27/14 04:17 PM
'Time is the New Currency'
By Wednesday afternoon, nearly 700 credit union CEOs, professionals, industry vendors, and guests had attended REACH 2014, the California and Nevada Credit Union Leagues’ Annual Meeting and Convention from Oct. 20-22 at the JW Marriott (L.A. LIVE) in downtown Los Angeles.

CFPB, FTC HOST DEBT COLLECTION FORUM updated 10/27/14 03:31 PM
Latino Consumers Discussed
The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) recently hosted an all-day forum on “Debt Collection and the Latino Community,” which brought together consumer advocates, industry professionals, and regulators to discuss how debt collection issues affect Latino consumers, especially those with limited English proficiency (LEP).

FinCEN: QUARTERLY UPDATE ON 'SARs' updated 10/27/14 03:09 PM
Also, Mortgage Service Transfer Guidance
The Financial Crimes Enforcement Network (FinCEN) has issued its SAR Stats quarterly update, which provides information on Suspicious Activity Reports (SARs) filed through Sept. 30, 2014.