NEW ORLEANS – At its Discovery Conference held here recently CUNA Mutual Group unveiled a human resource and benefits administration portal that it says will give CUs a faster, more cost -effective way to administrate benefits. Known as MyCUbenefitsT, the portal can be fully integrated with a credit union's current system, and doesn't require any new equipment or software. Studies estimate that 70% of H.R. managers' time is spent on administrative tasks, and that H.R. administration costs between $1,000 and $1,700 annually per employee. CUNA Mutual said MyCUbenefits can cut costs by helping HR professionals reduce paperwork; by lowering error rates in enrollment and payroll systems; and others. The portal will contain the following information:

Employee data management;

Detailed benefits plan descriptions;