CO-OP Financial Services and Diebold, Incorporated are partnering on the development of the new application software, intended to allow members of participating shared branching credit unions to conduct nearly all branch transactions at a Diebold automated teller machine.Live testing of the CO-OP NextGen ATM is underway in the headquarters lobby of CO-OP Financial Services in Rancho Cucamonga, Calif., with general availability anticipated by the end of the second quarter of 2012 ****READ MORE: Live Testing of CO-OP NextGen ATM is Underway:
The National Credit Union Administration has finalized a rule to improve board and executive succession planning within the credit union industry. This strategic move aims to curb the trend of mergers driven by technological stagnation and poor succession strategies, ensuring more credit unions maintain their independence and enhance their technological capabilities. By Ken McCarthy, Manager of marketing communications at Tyfone Credit unions are merging out of existence because of an inability to invest in technology, the National Credit Union Administration Board wrote when introducing its now finalized rule on board succession planning. The regulator now requires credit unions to establish succession planning for critical positions in their organizations. But it’s likely to have even wider effects, such as preserving more independent charters and shaking up the perspectives of those on credit union boards. “Voluntary mergers can be used to create economies of scale to offer more or ...
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