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Chapter Leaders
Melissa Polley, Member Communications Specialist
October 12, 2010
 
 
October 2010 Chapter Bulletin

Chapter Bulletin is a monthly publication of The Wisconsin Credit Union League (Communications Department) published September through May. League directors and chapter presidents receive Chapter Bulletin to assist with announcements at monthly chapter meetings. The last three items are intended as talking points for Young Professional Liaisons, but can be used by others if the YP Liaison is not present or if the chapter does not have a YP Liaison.

Please contact jphillips@theleague.coop if your email address changes.


For more information, contact:
Melissa Polley, Member Communications Specialist
(800) 242-0833, Ext.
6045

The League's Corporate Stabilization page offers tools to help credit unions explain NCUA action
The League's Corporate Stabilization page is a great resource for credit unions looking to stay informed about measures the National Credit Union Administration has taken to strengthen the corporate system. The page not only features timely updates on NCUA's actions, it also provides tools including talking points that can help explain to credit union boards, staff and members how those actions affect the credit union. Visit www.theleague.coop/corporates to access these helpful resources.

Earn 21 chances to win up to $2,500 with The Foundation's Ca$h Calendar
For just $10, youíll earn 21 chances in December  to win a total of $2,500 in cash prizes with The Wisconsin Credit Union Foundation's Ca$h Calendar. It works just like a raffle except one calendar will give you 21 chances to win. That means if you win once, your name will be re-entered throughout the month of December! And the more calendars you buy the better your chances.  Donít wait! Only 2,000 calendars will be available. Calendars will be sold at Chapter meetings through November. Calendars are also available for purchase in bulk if credit unions would like to sell them to staff or members. Posters are also available to help credit unions promote the sale of the calendars at their locations.  Proceeds benefit Foundation programs. For more information, contact Mary Bliss at (800) 242-0833, Ext. 6002.

The Foundation gears up for annual donor drive
The Wisconsin Credit Union Foundation will begin its annual donor drive in the coming months. Beginning this year, donors will receive recognition for their contributions as part of The Foundation's Annual Fund Donor Society. Members of the society will be recognized on plaques at The League offices, on The Foundation's website and at The League's Annual Convention. Donations help support the brass|STUDENT Program, as well as the Foundation's grants and scholarships. And as an added convenience, credit unions can designate a donation when they pay their dues by noting it on their dues invoice.
The Foundation promotes credit union development, educates credit union staff and volunteers, supports programming to enhance financial literacy in the community and supports the credit union system in times of need.

Consumer Lending Workshops offer something for frontline staff and managers
The Consumer Lending Workshops, Nov. 16 & 17, are a great way for both frontline staff and managers to get important lending training.  Day one will help frontline staff build and improve loan sales, interviewing skills and overall loan processes. Day two will focus on topics important to lending managers and aspiring lending managers looking to improve their departmentís overall lending and sales results.
For more information or to register, contact Judy Phillips at (800) 242-0833, Ext. 6020.

Asset size roundtables offer huge value for credit unions
The League's Roundtables are a great way for credit unions to not only learn more about important issues facing credit unions, but also allows participants to share ideas and network with peers dealing with similar situations at their own credit unions. Roundtables are different from other educational seminars because in addition to an informational session on a specific topic, they also provide an opportunity for attendees to discuss questions and issues that relate specifically to their position or credit union. Upcoming Roundtables include Small Credit Union CEO Roundtable, Oct. 20, Large Credit Union CEO Roundtable, Nov. 4, and Midsize Credit Union CEO Roundtable, Nov. 11. For more information or to register, contact Judy Phillips at (800) 242-0833, Ext. 6020.


Money Mission continues to attract new interest from around the country

Five Wisconsin credit unions and one Illinois credit union have finalized agreements to engage local teens in the online game called Money Mission --
an interactive, web-based simulation designed to attract young people to your credit union's website and ultimately capture them as new members. Interest for the game - which teaches basic personal finance - continues to build around the country with The League Services Corp. presenting Money Mission to credit unions in Illinois, Iowa, Georgia, Missouri and Oklahoma. See it for yourself. Check out the demo link on the Money Mission portion of the League website that allows you to sign up and play the game.  The website can also help you explain and present Money Mission to your board, and also provides a copy of the contract and due diligence information. And once you sign on to offer the game, youíll have access to a package of ready-to-use marketing materials developed by League Marketing. For more information or if you would like a formal presentation of Money Mission for your credit union or board, contact Benjamin Schweder at (800) 242-0833.

CUNA Mutual reports a rise in wire transfer scams involving HELOCs

Credit unions are being urged to increase awareness among their staff to identify wire transfer scams and implement measures to prevent such losses after CUNA Mutual noted an increase in wire transfer losses involving HELOC accounts. At least eight attempts by scammers to access members' funds via a home equity line of credit - some in the six figure range - have been prevented in Wisconsin in just a single week. CUNA Mutual Group has reported total losses from such scams exceeding $4 million so far in 2010. Credit unions that avoided this scam and protected members did so by ensuring they had policies in place to deter this type of fraud and staff versed in the correct procedures. The credit unions' employees were extremely instrumental in identifying it was not the credit union's actual member making the wire request. Please refer to The League's Compliance Courier for specific tips to safeguard against this scam, and take steps to alert your staff to this threat.

Share your member stories for a chance to win a trip to Washington, D.C. - Deadline extended to Dec. 3

The National Credit Union Foundation is again asking credit unions to send in their REAL Member Stories as part of its REAL Member Stories Video Contest. Videos that include comments by a member about the help he or she received could capture national recognition for your credit union, as well as earn a trip to Washington, D.C. for the member and a member of your credit unionís staff! Enter by Dec. 3.


Use FREE marketing materials to promote EdVest in your credit union
Remind your members about the important investing opportunity they are provided through EdVest, the state's 529 college savings program. The League has FREE marketing materials available on the EdVest webpage that can help you promote the program. Members can also deduct from this year's taxable state income contributions to an EdVest account of up to $3,000 per child, grandchild, great-grandchild, niece and nephew if the funds are deposited by Dec. 31.

Are you prepared for tax season? Participate in the Free Tax Prep Program

The League is asking credit unions that have previously participated, as well as credit unions with an interest in participating in the Free Tax Preparation Assistance program this year, to contact Jim Drogue at (800) 242-0833, Ext. 6005, to get the process started. The Department of Revenue is already beginning its work to match credit unions to local sites, so it's important to let your credit union's intentions be known as soon as possible so that we can help get your credit union matched accordingly. The program helps low income people obtain fast, free tax refunds via direct deposit - a low-cost alternative to predatory loans. Every credit union can help its members through April 15 by linking to www.freetaxrefund.org. The site explains how to use direct deposit to a credit union account to obtain a refund and lists sites that offer free tax filing assistance.

Save the date for the The League's State Government Affairs Conference Jan. 25-26
The League's State Government Affairs Conference will be here sooner than you think. Be sure your budget provides for sending at least one representative to the conference. This is Wisconsin credit unions' premier opportunity to build pro-credit union relationships with lawmakers. If you would like to help others attend this conference, contact The League's Government Affairs Department at (800) 242-0833.

Attend these seminars
The League's November educational sessions will focus on internal fraud, Bank Secrecy Act and OFAC, lending, business accounts
and more. Visit www.theleague.coop/calendar.

Young Professionals Council to plan networking events around the state in coming months
During its September meeting, The League's Young Professionals Council approved plans to begin holding networking events around the state. The intent of the events are to help grow Wisconsin credit unions' young professionals network, while also allowing them to network and grow their own careers within the movement. More details will become available in the coming months.

Wisconsin credit unions run more than 100 youth-run branches; second only to Michigan
Wisconsin credit unions now have at least 109 fully functioning credit union branches inside Wisconsin schools; second only to Michigan, which tops out at 341at the end of 2009. Through their network of school branches, Wisconsin credit unions have helped young people across the state save a whopping $2 million. Wisconsin credit unions' school branches have also earned them a
Governor's Award for Financial Literacy and has been heralded as a best practice for financial literacy education.

The League to celebrate International Credit Union Day by sharing notable achievements of the movement

The League will celebrate International Credit Union Day, Oct. 21, and week, Oct. 18-22, by sharing daily the notable achievements
that set credit unions apart from other financial institutions. Watch The League's website for these updates and more!

 
 

The Wisconsin Credit Union League
N25W23131 Paul Road, Suite 500
Pewaukee, WI  53072-5779

(262) 549-0200
(800) 242-0833
Fax: (262) 549-7722
www.theleague.coop

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