WASHINGTON — CreditUnion 24, the Florida-based CUSO primarily known for its ATMand POS network, has started a school to train credit unionexecutives on compliance and regulatory issues.

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Network executives attending CUNA's Governmental AffairsConference this year said that more than 260 courses on topics asdiverse as Bank Secrecy Act and member business lendingcompliance.

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CU24 began publicizing the CU24 University at the GAC.

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Executives said that the online classes will be self-scheduledand self-paced and will present material that is updated regularlyto ensure relevance.

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In addition, the courses are designed so that front-lineemployees, management and directors will be able to use them andthey said one fixed annual license fee covers unlimited users andcourses.

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“This is one of the ways CU24 is seeking to help fill the needsof credit unions,” said Kim Cromer, vice president for productmanagement at CU24 in Tallahassee, Fla.

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The network also announced the roll out of a new peer-to-peer payment application it is calling Pocket 2 Pocket.Executives on hand said the new service will provide real-timetransfers of money between account holders at participating creditunions over its EFT

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network.

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The new application will carry the credit union's brand and hasbeen shown to help credit unions retain members who use it, thenetwork said.

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Pocket 2 Pocket would be at least the second peer-to-peerpayment application offered by credit unions or CUSOs. The MembersGroup and Veridian Group released a P2P application throughDwolla in late 2010.

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