Spotlight on Accounting - Our Newest Employee

Posted On: June 24, 2016
Category: June 2016
giphy We would like to introduce you to our newest addition to the CU Service Network team: Daniel Nienhaus, Accountant I. Daniel started on June 20 and is quickly learning ropes of our outsourced accounting service, thanks to the great teachers Brian Biaesch and Nikki Kuepper. daniel "I am currently attending Metropolitan State University of Denver pursuing my degree in Accounting. I am anticipating that I will obtain my degree from Metro in the fall of 2017. I recently joined CU Service Network in June. I enjoy working on the variety of accounting procedures and processes that the credit union offers. I am really looking forward to learning more in the accounting field from a business environment standpoint. I previously worked in a supervisory role in the recreational sports industry while attending college. I am an Eagle Scout and proud to be a part of this select group. I love being outdoors and spending time hiking, camping, and rock climbing. In high school I enjoyed playing basketball and golf. Basketball being a team sport it taught me valuable lessons of achieving goals and being in a team setting. Accounting is the perfect career path for me and very pleased to be involved in this type of work and I am looking forward to the future.â€?  ]]>
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Happy CU Clients: CUProdigy Story

Posted On: June 24, 2016
Category: June 2016
CUPRODIGY2 As you may have heard, we expanded our partnership with CUProdigy in the spring of 2016, to include IT and Disaster Recovery Managed Solutions. CUProdigy pride themselves on serving credit unions and credit unions only. They are owned by credit unions. They are constantly looking for ways to help credit unions' specific needs, like regulations and disaster recovery. But, we wanted to know what the credit unions themselves thought of CUProdigy's services, so CUProdigy sent us a testimonial from one of their recent clients, American United FCU in West Jordan, UT. american united fcu Ryan Orcutt, CIO of American United, wrote, "I would like to send out a big ‘Thank You’ do our IT staff for working with Prodigy Cloud this month. Last night we moved our Prodigy environment from our onsite server (at West Jordan) to Prodigy Cloud servers (at C7 data center). They spend many hours working and troubleshooting issues with Prodigy, Prodigy Cloud and Q2 to get all of the parts to work correctly.  I would also like to let you know that the Prodigy Cloud staff worked very hard on having us on Prodigy Cloud servers. We gave them a deadline of June 30, and they did an outstanding job to meet this. Thanks again to everyone." CUProdigy also announced in a press release that their credit union clients are close to being 100% in their [private] cloud. What does private mean? Because CUProdigy only serves credit unions and CUSOs, their cloud is specifically dedicated to them. No random fly-by-night shops, seedy business, risky corporations. Stay tuned for more on CUProdigy IT Managed Services in future issues.]]>
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Why LCCU is Rebranding

Posted On: June 24, 2016
Category: June 2016
lccu We have seen many credit unions rebrand themselves in the past 24 months. The newest edition to this movement is LCCU (Lewis Clark Credit Union), located in Lewiston, ID. LCCU has gradually shifted from the full name "Lewis Clark" to an acronym. The credit union is also in the process of redesigning their logo and opening a new branch. We contacted LCCU CEO Trisha Baker to learn more about the decision to rebrand. "We’re in the process of opening up a new branch in Pomeroy, Washington and we decided to roll out the new logo and look with this branch.  Our original logo was designed to remove the swirls after a couple of years.  We wanted our identity (CU Name) to be able to stand alone with the letters.  Within our communities we serve, everyone knows who LCCU is." Indeed, many credit unions are shifting to simpler, more community-oriented names. As the credit union industry changes, and credit unions are not just specific to certain organizations or industries, we see a significant trend to simplify. We've also found that credit union names can even take on a life of their own, as members organically refer to the credit union by a certain name or abbreviation. In time, the credit unions is know more for its "nickname" than for it's actual name. It then makes sense to rebrand. Congrats LCCU on the new branch and logo!  ]]>
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CU Ledger Gaining Momentum: MWCUA

Posted On: June 24, 2016
Category: June 2016
culedger Last month, CU Service Network President/CEO Doug Burke shared an article about CULedger (formerly CU Blockchain) and why it is important. In this issue, we share with you updates about the organization, and how it is gaining momentum in the credit union space. MWCUA's Rick Cranston shared a synopsis of what is currently happening: logo "There are currently two tracks of evaluation regarding Distributed Ledger Blockchain technology being pursued by the Credit Union Industry. Track One MWCUA & CUNA  - CULedger is a "research to action" initiative.  The goals of the initiative include:
  • Normalize a Distributed Ledger platform that is private, owned by the CU Industry and permissioned.
  • Create interoperability among CUs regardless of core or platforms
  • Provide quick adoption
  • Provide needed research but focus on rapid prototyping.  Research alone is not enough.
Track One could develop into a CUSO down the road to lead the movement in the adoption of this technology. Track Two Deals with a direct equity investment in Evernym coming from the credit union movement including CUs, CUSOs, and associations.  There are several organizations now looking at this potential investment.  In addition to the credit union movement, the Evernym team met with USAA last week and today, 6/22, they met with a very large west coast based software manufacturer. There is growing interest both in and outside of the credit union industry. Additionally, both Payments Services for Credit Unions as well as CO-OP have both expressed interest in the initiative." The press is picking up on the momentum as well. Read the article on CUNA's plans on CUToday. To learn more about CULedger, visit their website at www.culedger.com      ]]>
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Need Proof that Members Love Shared Branching? Twitter.

Posted On: June 24, 2016
Category: June 2016

giphy

Today we bring you another edition of credit union members on Twitter, focus: Shared Branching. You don't need to look any further to find tons of primary source, real-member love for this service. They are a passionate bunch!   ]]>
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