||Press Release: UPI Alliance
Universal Pensions Form Alliance for Internet Delivery of Retirement Services to Credit
Mounds View, Minn.Liberty Online, one
of the credit unions leading Web hosting and design providers, has partnered with
Universal Pensions, Inc. (UPI), as a remarketing agent of UPIs Internet-based IRA
UPI, based in Brainerd, Minn., developed the IRA Service Center to
provide financial institutions the components necessary to attract and retain the
significant retirement dollars in retirement plans which are eligible to be rolled into
IRAs. These components include: l) complete interactive IRA forms suite with forms
selection logic capabilities; 2) Roth and traditional IRA planning tools; 3) an
educational module with help text, and 4) an information tracking database that provides a
secure database for the credit union to capture member data unique to each transaction.
"Theres a synergy created by us working with Universal
Pensions," said Bill Wagner, Liberty Online Marketing Director. "This is a great
opportunity for both Liberty Online and Universal Pensions to enhance our presence within
credit unions. Not only will this IRA Service Center eliminate a lot of work on the credit
unions part, it will help that credit union attract and retain IRA assets."
UPI provides products services and consulting that financial
institutions such as credit unions need to maintain compliance and be more competitive in
the retirement plans market. UPI provides our services to more than 1,300 credit unions,
including 76 of the top 100 credit unions, said Cynthia Roggenkamp, Vice President,
Marketing and Sales for UPI
"We have a strong record with credit unions," Roggenkamp said.
"Credit unions focus on a high level of member service and The IRA Service Center
enhances member service by combining the convenience of the Internet with robust
compliance architecture that ensures IRA transactions are conducted correctly by either
the member or the credit union staff at the point-of-sale."
Liberty Onlines image within the credit union movement laid the
groundwork for the remarketing agreement, she said. "We were impressed with all
components of Liberty Online, especially the very positive relationship they have with
Liberty Online and UPI have about 40 customers in common, including Santa Clara County (Calif.) Federal Credit
"This is great for credit unions. Liberty Online is going out and
bringing online partners to us. Theyre really an extension of our marketing
department," said Jennifer Gibbs, SCCFCU director of online services.
Santa Clara uses both Liberty Online and Universal Pensions. Concerning
UPI, Gibbs said, "The really nice thing about this whole arrangement is that
its seamless to set up. Its pretty much paperless on our end and really
streamlined our business process."
Liberty Online is part of the growing Liberty family of credit
union-focused companies. Recognized as the credit union movement's leading provider of
payment systems and marketing services, Liberty serves more than 4,800 credit unions in
all 50 states, Guam and Puerto Rico.
For more information, contact Rick
Foy, Liberty Public Relations Manager, at 800-607-2435, ext. 2436, or Bill Wagner, Liberty Online, at 800-607-2435,