LendingQB's end-to-end LOS platform uses a single database, enabling VCCU's employees to all work off of the same data, reducing errors and eliminating the rekeying of information.
VCCU is taking advantage of LendingQB's per-closed-loan pricing model, which allows the credit union to better manage origination costs by avoiding a flat fixed fee.
VCCU also utilizes LendingQB's automated underwriting system (AUS) to decision loans, complete with customized investor guidelines and overlays.
Rossi and other leaders at VCCU said Development Day has offered the opportunity to invest in the credit union's most important asset--its team.
"Our senior management presented the idea of a staff training day to our board of directors, and we felt it was a great way to keep the employee engaged, informed and up to date with all that was going on in our credit union, the credit union movement and our community," Roxy Ostrem, VCCU board chair, said.
During this year's VCCU Development Day, employees received branded backpacks with a t-shirt, program materials and other items.
VCCU staff members also attended an array of breakout sessions.
For example, one session called, "Would you like CHIPS with that?" covered the topic of EMV/chip cards, which VCCU is implementing soon, Rossi said.
, having a diverse board has provided many benefits, Ostrem said.
"In 2011, many consumers realized the benefit of credit unions, and we're glad to welcome them to the VCCU
family," said Joe Schroeder, president/CEO of the Ventura, Calif.-based VCCU
"We are very excited about this campaign because we are asking people to do something very simple and important, and that is to look at their options," said Tina Estes, director of marketing for VCCU
. "We decided to take on a new attitude this year and really get the word out on the benefits of credit unions to our community and bring in new members.