Tag Archive for Allied Solutions

Congratulations to our 2014 Innovation Award Winners!

We all feel the strain of keeping up with the changing times.  Many credit union CEOs agree that attracting and retaining members is one of the top three challenges that credit unions face. In order to meet the ever-evolving needs of members, credit unions should rely on innovative solutions to add to their product portfolio. Innovation plays a crucial role in the credit union industry, which is why we recognize ingenuity and inventiveness  through the NAFCU Services  Innovation Awards. This year’s winners have created  outstanding innovations that help credit unions thrive in an increasingly saturated financial services market. They are:

Insuritas. The InsureNOW™ product was designed for credit unions with large member bases, big data CIF/CRM capabilities, and high member affinity levels. InsureNOW™ allows credit unions to provide highly customized, concierge-level insurance offers to their indirect borrowers at the very moment when the member intends to shop for insurance. The most innovative part of InsureNOW™ identifies insurance policy renewal dates for each member and generates targeted, automated pre-populated e-engagement communication to these indirect borrowers 30 days before their insurance policy renews.

DDJ Myers. The Board Performance Assessment was developed to meet the need to support credit union boards. The assessment is designed to guide boards in reaching their highest level of performance, and create a high standard of excellence between board and CEO, one of the most critical interactions within the credit union. The innovation lies in the assessment’s ability to make boards more cohesive and pinpoint critical areas where improvements could be made.

Burns-Fazzi, Brock. Their Executive Benefits Learning Series helps credit unions understand effective methods for executive compensation and benefits to help recruit, retain, and reward their executive team. Complex topics in executive benefits and compensation are broken down into tax, accounting, legal, regulatory compliance, funding, and administrative concepts allowing credit unions to increase their knowledge and gain free practical advice. The innovative series consists of monthly, free live webinars which are recorded and archived for future reference.

For a recap the of 2014 NAFCU-BFB Executive Compensation & Benefits Survey, register for this webinar on August 20.

Allied Solutions. UniTrac is a proprietary insurance tracking system that benefits credit unions by reducing the risk associated with collateralized loan portfolios. The tracking solution is completely workable online for credit unions through their client portal: CenterPoint. CenterPoint offers clients full access to insurance history and document images, letter notifications, customer service call notes, and claims. Lenders are able to view, work, print and download reports, submit claims, update required data fields and chat online with Allied representatives.

Join Sundeep Kapur as he discusses the future of credit unions in this week’s webinar.

A big thank you goes out to these companies and all of the other entries who continue to provide credit unions with innovative solutions that drive success.

Preferred Partners to Shine at the 47th Annual Conference in Las Vegas

Join the more than 1,200 credit union leaders, experts, and solution providers gathering next week at NAFCU’s 47th Annual Conference and Solutions Expo to discuss the most pressing issues impacting the industry. A wealth of education, innovation, and networking opportunities will energize you and your team and positively impact your operations and bottom line.

Be sure to schedule an hour on Wednesday afternoon to hear John Ulzheimer’s thoughts on Credit Scoring: Separating Myth from Reality. John, a nationally recognized credit expert, always gives fascinating insights on the credit union universe. This session, presented by VantageScore Solutions, is scheduled at 1:00 pm and repeats at 2:15 pm.

Many of our Preferred Partners will also be in Las Vegas to meet you and to share their innovations and solutions at 16 educational sessions outlined below. Note that many sessions will be repeated this year so you don’t have to choose. Download a schedule at a glance with times and room locations.

It’s not too late to join your colleagues in Vegas. Register for the convention here.

What Keeps Credit Union Executives Up at Night?

Originally posted on CUInsight.

By Randy Salser, President, NAFCU Services

Download a complimentary copy of the “Grow 2020: Driving Effective Member Engagement” paper here.

Credit union executives are facing more challenges than ever.  In November 2013, Sundeep Kapur of Allied Solutions conducted a study on the challenges facing credit unions.  The purpose of the resulting report is to:

  1. Release survey results highlighting the top concerns of 547 credit union executives
  2. Introduce prescriptive ideas for addressing these concerns
  3. Explore where we are headed over the next seven years Read more

Tracking POS Product Sales to Manage Towards Success

Originally posted on cuinsight.com.

Guest post written by Kate Swanson, Manager, Client and Field Technology, Allied Solutions.

Register for the “Becoming a Mentor to Your Members” webinar presented by NAFCU Services and Allied Solutions on Wednesday, May 7, 2:00 pm–3:00 pm ET. 

In today’s economy, where loan volume might not be a sufficient source of revenue, you may be hoping that selective point of sale products will strengthen your bottom line while creating a true level of protection and value to your members. You may be offering GAP, MBP, credit insurance or debt protection – but are your numbers where you would like to see them?

Even in the strongest of programs, and with the most dedicated of teams, performance generally has some room to improve. Repeatedly asking people to challenge member objections or demonstrate value may no longer be effectively changing results.

Using a tracking system that allows you to compare opportunity to sales, at a branch or individual level, helps you determine if products are proving to be valuable to your members, and empowers you to improve performance in the following ways:

  • Introduce meaningful incentives that involve specific goals based on percentage, rather than the more common pay-by-unit method.
  • Obtain targeted information for performance reviews, and to help determine if coaching and training efforts are working – or where such resources should be refocused.
  • Identify gaps in your revenue stream, to guide new strategies: perhaps you are successfully selling MBP and GAP policies on new vehicle loans – but most of your loans are for used vehicles! Read more

National Financial Literacy Month is an Opportunity for Credit Unions

Originally posted on CUInsight.

By Randy Salser, President, NAFCU Services

With the financial pitfalls of the Great Recession behind us, and security breaches becoming a common threat, members are more mindful of their personal finances than ever before.  Because credit unions are a reliable and trusted source, they have the unique opportunity to educate their members about financial literacy. For expertise on where credit unions should focus this National Financial Literacy Month, we turn to our Preferred Partners: Read more