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May 5, 2014

Hindsight is 20/20: act now to protect member service

NCUA's Risk-Based Capital plan, as proposed, could seriously curtail credit unions' future plans for member service. Here, League President & CEO Brett Thompson explains how credit unions' recent history offers a lesson in why we should actively improve the plan, rather than await the harmful repercussions. Submit your comments by May 28!

Multi-pronged strategy aims to protect business, mortgage lending
CUNA analysis shows that 82% of Wisconsin credit unions would see their cushions over "well capitalized" levels shrink under the National Credit Union Administration's Risk-Based Capital proposal. Seventeen Wisconsin credit unions would see a reduction in the cushion above well capitalized of at least 100 basis points on assets. Your credit union's comments on the proposal play a critical role in a multi-pronged strategy to prevent the potential damage to member service that is likely to result if the plan is enacted as-is. Weigh in by May 28! FULL STORY

You're invited: Convention will celebrate The League's 80th Anniversary
Join us at Convention this week for The League's 80th Anniversary party! We'll gather on Thursday night, May 8, in Milwaukee to mark this significant milestone with a special toast, a totally radical 80s costume party, plus music, dance, karaoke and more! FULL STORY
Young Professionals, "Crashers" on par to set new Convention attendance record!
Twenty Young Professionals (YPs) from Wisconsin credit unions have been chosen to "Crash" The League's Convention this week. They will have most expenses paid and gain exclusive access to sessions and discussions with credit union industry leaders. Thank you to all who applied, and to the many other YPs who are taking advantage of our $119 discounted YP registration to be there! These up-and-coming leaders are poised to set a new YP attendance record at Convention this year! FULL STORY
Convention service project needs your help for six charities!
Your time and/or donations are needed to ensure a successful service project this week at Convention. On Saturday, May 10, the Green Bay Packers' Randall Cobb (right) will challenge us to roll up our sleeves for six local charities. Take a look at how you can help! FULL STORY
Proclamation at Convention to recognize credit union impact
Milwaukee Mayor Tom Barrett (left) is tentatively scheduled to present a proclamation at Convention recognizing the positive impact credit unions have on the Milwaukee area as well as the state. He'll be our special guest on Thursday at 1:45 p.m., just prior to The League's Annual Meeting. We'll see you there!

Consider the issues that threaten financial stability in your community
Credit unions' voluntary REAL Solutions effort has delivered more than $1 billion in benefits since 2007 to the 2.4 million Wisconsin consumers who own them and has helped improve the financial stability of individuals, families and communities. Wisconsin credit unions' Scorecard, published by The League, explains that success in greater detail. Still, recent reports show that the problem of financial insecurity persists, challenging credit unions to consider the issues that have a financial effect on their communities. FULL STORY

Directors/managers: get essentials from OCU, NASCUS & The League
Credit union directors and managers are urged to attend a day-long educational event on Tuesday, June 3 at Fox Valley Technical College that's being held by the Wisconsin Office of Credit Unions, the National Association of State Credit Union Supervisors and The League. The agenda is all new and therefore the event invites new as well as past attendees. FULL STORY

Compliance Compass: state regulatory & statutory changes remove barriers for credit unions
Barriers to credit unions' success were removed this year with amendments to several Wisconsin Office of Credit Unions (OCU) regulations and state statutes. The League's Legal Affairs Counsel Paul Guttormsson summarizes how they've helped credit unions. FULL STORY

June Real Estate Lending Compliance Conference is a must-attend event
Whether you are involved in lending, compliance, loan operations or auditing, The League's Real Estate Lending Compliance Conference June 4-5 in the Dells offers you decades of Wisconsin-specific compliance expertise to protect your credit union as well as the interests of your members. Register for both days and save! FULL STORY
Fees & funds: not the only measure of good 401(k) plans
As you're researching the best 401(k) plans to offer your employees, it's prudent to carefully examine the fees involved and the variety of fund choices. But this is a notoriously difficult product to assess. CUNA Mutual Group's Rob Peters explains that, for employees' sake, you need to take a holistic look at the plan to find its true value. FULL STORY
Foundation Annual Report cites successes, thanks Donor Society
Individuals, credit unions, chapters and organizations unite for good through the Wisconsin Credit Union Foundation to provide management training for credit unions, promote credit union development through innovative services, deliver financial education and support the credit union system in times of need. The Foundation's newly released 2013 Annual Report cites our successes and thanks the many generous donors who have made this great work possible! FULL STORY

Hurry: help a teacher or employee improve their financial lessons!
If you want to help a financial educator improve his or her lessons, act now. Credit unions can sponsor local high school teachers or an employee working with schools to attend the National Institute of Financial & Economic Literacy, which begins in June. If you have a school branch it's a way to deepen your relationship and, if not, to create a relationship with educators. The cost is just $300. To sponsor, send a check payable to Edgewood College to Deb Weier, Edgewood College, 1255 Deming Way, Madison, WI 53717 and ask teachers to note your credit union as a sponsor when registering. Questions? Contact Chad Helminak at (608) 514-0080.

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