TALLAHASSEE, Fla. — In response to increased convention competition and a desire to include more members, Southeast Corporate FCU scrapped its 2008 annual convention in favor of a reception and business meeting this past spring and a series of fall forums in eight markets.
Response has been positive, according to Vice President of Marketing Ellen Chapman. The spring event was presented at the Florida Credit Union League's convention, eliminating the need for some members to choose between the two events. And, attendance at this fall's forums broke attendance records, surpassing the prior year's attendance by more than 30%. Southeast has presented half-day investment and ALM seminars each fall for years but expanded the events this year to include afternoon educational sessions typically presented at an annual meeting. Approximately 160 executives attended the eight events held across Florida, Mississippi and Alabama.
Southeast Senior Vice President/Chief Investment Officer Greg Wirthmann commented, "Record-breaking attendance is indicative of the turbulent period in the markets. We are gratified that our members are turning to us for advice and that they are reassured about our financial health."
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Southeast management also addressed the corporate's financial health during the events, discussing topics like credit risk, liquidity, capital and risk management.
"Surveys by attendees indicated that we answered our member's questions and that they walked away with a solid understanding of our financial strength," Wirthmann said.
CO-OP Offers mBanking
RANCHO CUCAMONGA, Calf. — Shared branching has further deepened its appeal now that both nationwide shared branching networks announced they have a mobile banking option to offer.
CO-OP Financial Services recently announced the launch of mobile banking. Financial Service Centers Cooperative, the nationwide shared branching network headquartered in San Dimas, Calif., launched a mobile banking pilot program with PSCU Financial Services in September.
FSCC said it has one credit union live on its mobile banking system and roughly 25 are at different stages of adding it.
CO-OP has chosen to use the mFoundry platform and CO-OP Shared Branching's next generation switch for its mobile banking, CO-OP said.
"CO-OP Financial Services continuously strives to bring its credit union members leading products and services," said Drew Sievers, CEO/co-founder of mFoundry. "As the nation's largest credit union service organization, CO-OP Financial Services will further extend mFoundry's reach into the important credit union market."
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