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CUNA Mutual Group Recognized by CIO Magazine as a CIO 100 Award Honoree
Phil Tschudy
608/665-7188
philip.tschudy@cunamutual.com
Rick Uhlmann
608/665-8940
rick.uhlmann@cunamutual.com
Prestigious Award Demonstrates Company’s Commitment to Technology Excellence
MADISON, Wis. – IDG’s CIO magazine has announced CUNA Mutual Group is among its 2012 CIO 100 honorees. The 25th annual awards program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology.
This year’s honored project for CUNA Mutual Group was its Smartphone Loan technology. The recently released mobile Web application enables credit union members to apply for a loan anywhere they take their smartphones.
The Smartphone Loan technology is the industry’s first mobile Web lending application that integrates with CUNA Mutual Group’s loanliner.com® system. By connecting mobile Web technology to loanliner.com, this application not only provides lending information and approvals anywhere on any mobile device, but it also delivers loan applications with the most current conditional approvals and compliant electronic disclosures in less than 15 seconds.
As of May 31, 2012, CUNA Mutual Group has facilitated nearly $290 million in mobile loan application submissions. More than 550 credit unions have implemented the Smartphone Loan technology since its debut in June 2011.
This year’s award recognition marks the fifth time CUNA Mutual Group has received the CIO 100 honor since 2004.
“We are very honored to again receive this prestigious technology award from CIO,” said Rick Roy, CUNA Mutual Group senior vice president and chief information officer. “This award illustrates our strong commitment to technology leadership and embracing mobile technology to help the credit union industry expand beyond traditional member segments, attract younger demographics, and strategically strengthen their position in the financial services arena.”
The recipients of this year’s CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Finally, CIO editors reviewed the judges’ recommendations and voted on the final 100.
“For 25 years, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value,” said Maryfran Johnson, editor-in-chief of CIO magazine & events. “Our 2012 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage.”
Roy will accept the award on behalf of CUNA Mutual Group at the CIO 100 Symposium Aug. 21, at the Terranea Resort in Rancho Palos Verdes, Calif.
Complete coverage of the 2012 CIO 100 awards will be online at www.cio.com on Aug. 1, 2012 and in the Aug. 1 issue of CIO magazine.
About CUNA Mutual Group
CUNA Mutual Group insurance, retirement and investment products provide financial security and protection to credit unions and their members worldwide. With more than 75 years of true market commitment, CUNA Mutual Group’s vision is unwavering: To be a trusted business partner who delivers service excellence through customer-focused products and market-driven insight. More information on the company is available on the company’s website at www.cunamutual.com.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wisconsin.
About CIO Magazine
CIO produces award-winning content and community resources for information technology executives and leaders thriving and prospering in this fast-paced era of business, as well as creates opportunities for information technology and consumer marketers to reach them. The CIO portfolio includes CIO.com, CIO magazine (launched in 1987), CIO Executive Programs and the CIO Executive Council. CIO properties provide business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. The U.S. edition of the magazine and website are recipients of more than 200 awards to date, including the American Society of Business Publication Editor’s Top B-to-B Magazine since 2000 and two Grand Neals from the Jesse H. Neal National Business Journalism Awards. CIO websites and printed publications appear in more than 25 countries, including Australia, Canada, Finland, India and Sweden. CIO Executive Programs—a series of face-to-face conferences including the CIO 100 Awards & Symposium™—provide educational and networking opportunities for pre-qualified corporate and government leaders. The CIO Executive Council is a professional organization of CIOs created to serve as an unbiased and trusted peer advisory group. CIO is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world’s leading media, events, and research company. Company information is available at www.idgenterprise.com.