WASHINGTON — Credit Union 24, the Florida-based CUSO primarily known for its ATM and POS network, has started a school to train credit union executives on compliance and regulatory issues.
Network executives attending CUNA's Governmental Affairs Conference this year said that more than 260 courses on topics as diverse as Bank Secrecy Act and member business lending compliance.
CU24 began publicizing the CU24 University at the GAC.
Executives said that the online classes will be self-scheduled and self-paced and will present material that is updated regularly to ensure relevance.
In addition, the courses are designed so that front-line employees, management and directors will be able to use them and they said one fixed annual license fee covers unlimited users and courses.
“This is one of the ways CU24 is seeking to help fill the needs of credit unions,” said Kim Cromer, vice president for product management at CU24 in Tallahassee, Fla.
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-time transfers of money between account holders at participating credit unions over its EFT
network.
The new application will carry the credit union's brand and has been shown to help credit unions retain members who use it, the network said.
Pocket 2 Pocket would be at least the second peer-to-peer payment application offered by credit unions or CUSOs. The Members Group and Veridian Group released a P2P application through Dwolla in late 2010.
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