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August 5, 2011

WBA pushing for new taxes on CU member-owners
The Wisconsin Bankers Association (WBA) is on the attack again. After spending the last few months pushing for a direct credit union-to-bank conversion bill that was eventually passed at the state level, they have now turned their focus to the federal level trying to do away with credit unions' federal income tax exemption. The League has written its own letter to Congress, as well as issued a press release and its monthly newsletter to lawmakers, to correct the misinformation from WBA and expose bankers' hypocrisy related to taxation.

NCUA Corporate Assessment Prepayment Plan won't launch
The National Credit Union Administration (NCUA) announced Tuesday, Aug. 2, that it would not go forward with the Corporate Assessment Prepayment Plan after the $500 million threshold had not been met. FULL STORY

Act Now: Reach Out to Legislators & the President Regarding MBL
CUNA is asking credit unions to help build support for Member Business Lending (MBL) pro-credit union legislation during the August Congressional recess through contacts to their U.S. Senators and Representatives, as well as the President, using the Grassroots Action Center. FULL STORY

League schedules regional meetings to provide update on CU system
The League has scheduled several informal meetings around the state to provide updates on the credit union system. Brett Thompson, The League's President & CEO, will lead group discussions on the state's new direct credit union-to-bank conversion law, the state of the industry, the state of The League and more during these two hour meetings. FULL STORY

League's Regulatory Advocacy Council addresses regulatory changes
The League has enlisted credit union leaders from around the state to serve on a Regulatory Advocacy Council, advising The League on the overall impact of proposed new or modified regulations. FULL STORY

Compliance Compass: Roundtable to put compliance in perspective
In the latest Compliance Compass column, Paul Guttormsson, The League's Legal Counsel, talks about recent and upcoming regulatory changes, as well as the Compliance Roundtable Sept. 13. FULL STORY


Payday lending usage in Wisconsin decreases, but still remains a problem
Payday lending continues to be a multi-million dollar business in Wisconsin, but the use of them has decreased in recent years. FULL STORY

Foundation awards four CUs REAL Solutions® Initiative grants
The Wisconsin Credit Union Foundation awarded four credit unions a total of $10,000 in REAL Solutions® Initiative grants. FULL STORY

CU House/Hike the Hill hotel room block release date nearing
The League's annual Credit Union House/Hike the Hill event, Sept. 20-21 in Washington, D.C. is just around the corner. Make sure you book your hotel room at The Liaison Hotel before the Aug. 19 release date. FULL STORY

Upcoming webinars offer info on REAL Solutions®
Learn about REAL Solutions® like rehabilitation financing and the brassSTUDENT PROGRAM, during these August webinars. FULL STORY

Credit Union News


Refresh your marketing strategies at The League's Marketing Seminar
Looking to refresh your credit union's marketing strategies? Then look no further than The League's Marketing Seminar, Sept. 14. This highly interactive, full-day seminar will provide budget-friendly marketing strategies, as well as give you insight into how other credit unions are using social media effectively at their credit union. Attendees will also be able to choose from a variety of breakout sessions that will cover maximizing member relationships, getting the most from segmentation and direct mail marketing, shaking up your marketing strategy and generating marketing ideas.

More and more people are researching items online before they buy. Your credit union should be their one-stop site for auto research. FULL STORY

PULSE links credit unions and cardholders to more than 350,000 ATMs nationwide, as well as POS terminals from coast to coast. FULL STORY

The League's Webinars On-Demand are convenient and affordable
Now credit union staff, boards and volunteers can get essential training at any time, from anywhere, thanks to The League's Webinars On-Demand. FULL STORY

October marks ICU Day & the start of International Year of Cooperatives
Credit unions have a lot to celebrate in October. Not only is it Co-operative Month, but it also marks International Credit Union Day, Oct. 20, and kicks off the International Year of Cooperatives on Oct. 31! FULL STORY

Reminder: Money Smart Week is moving to April
Money Smart Week Wisconsin – the statewide, multi-partner initiative to teach citizens better money management – is moving to April 21-28. That means that beginning in October, the month when Money Smart Week has traditionally been held, most of the 28 regional planning coalitions will focus efforts on preparing events for the new spring observance. FULL STORY

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Wisconsin Credit Union League
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Phone: (262) 549-0200 or (800) 242-0833