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Credit Union News

Oct. 30, 2012

Prepare for BIG November push for biz lending bill

YOUR help is needed as part of a nationwide effort in November to pass credit unions' federal jobs creation legislation. Please help by renewing contacts to Wisconsin's Congressional delegation, sharing stories from your small business members like the ones in this video, deploying sample communications and/or participating in a November fly-in to Washington, D.C. See "Prepare now..." below.

...because operational challenges persist
League consultants were busy in 2012 offering support, ideas, knowledge, referrals and more to address a diverse array of complex issues affecting credit unions' operations, service and financial performance. FULL STORY

Prepare now! Big push to advance biz lending bill in November
Credit unions have a small window of time but plenty of potential to pass the Credit Union Small Business Jobs Bill (S.B. 2231/H.R. 1418) during the Lame Duck session of Congress—between Thanksgiving and Christmas. All credit unions should prepare now for how they'll be involved as part of the movement's largest push yet to bring desperately needed credit to Wisconsin's small businesses. FULL STORY

Access supplementary capital and more with LICU designation
If at least half of your membership live in an area designated as a low-income census tract, your CU may qualify for LICU (low income credit union) status. This designation provides your CU with access to supplementary capital, a wide range of federal grants and more. By taking just a few simple steps you can instantly boost your CU's bottom line and increase member service by applying to the NCUA for the designation. All Wisconsin credit union presidents received details on this from League President & CEO Brett Thompson. Questions? Contact Jo Whiting at (262) 408-6044.

90 new loans in 48 hours? Yes! Learn how!
Using proven strategies, your credit union can see startling new loan volume like this. Attend The League's Consumer Lending Workshop Nov. 7 and 8 where consultant and trainer Celeste C. Cook will share the tested and proven best practices that will capture millions of dollars in loan opportunities that your credit union is missing out on right now! FULL STORY

Register now for the State Government Affairs Conference
The State Government Affairs Conference, Jan 22-23 in Madison, is a must-attend event. Register now to give your credit union a presence and highlight the strength of the credit union movement in Wisconsin. FULL STORY

What do the numbers say about CUs' political influence?
This election season we've heard a lot about "the math" and whether "all the numbers really add up." This is just as important for credit unions as the candidates. Take a look at what the numbers say about where credit unions stand with our own fundraising efforts for CULAC, our federal PAC fund, and what we still need to do to reach our goals and remain politically relevant. FULL STORY

Activists had important face-time with D.C. lawmakers, regulators
Activists attending The League's Hike the Hill/Credit Union House event in Washington, D.C. had two informative and productive days of face time with lawmakers and regulators. The visit proved a valuable opportunity for credit unions to share their views on the hottest issues affecting their member service, regulatory burden, income, regulation and more. FULL STORY

1 year after Bank Transfer Day, consumers still fleeing to CUs
In the year since a nationwide social media campaign urged consumers to move their money from big banks to credit unions on “Bank Transfer Day” (Nov. 5, 2011), 43,303 Wisconsinites have opened savings accounts and 73,643 have established checking accounts at credit unions, contributing to the strongest growth in these areas that credit unions nationwide have seen in over a decade. FULL STORY

Attend the Governor's Small Business Summit
November 8 is your opportunity to share your ideas for growing jobs, the economy and your community as part of the Governor's Small Business Summit, presented by WEDC and WHEDA. You'll share your views directly with Wisconsin's leadership team involved in job creation. Check out the agenda and register by Nov. 1. FULL STORY

Credit unions: apply for the Wisconsin Financial Literacy Award
Nominations are being accepted through Nov. 30 for the 2012 Wisconsin Financial Literacy Award, which honors individuals and organizations for excellence in financial education. Get the recognition you deserve!
Learn and apply your knowledge in the Dominican Republic!
The World Council of Credit Unions is calling for U.S. credit union applicants for the organization's International Credit Union Leadership Program, next taking place in the Dominican Republic in January 2013. The program, funded by a grant from the U.S. Department of State, Bureau of Educational and Cultural Affairs, Office of Citizen Exchanges, is part of the larger U.S. Department of State Professional Fellows Program. FULL STORY
Protect members with TruStage™ insurance products, programs
Credit unions have long helped families protect their financial future. This mission inspired the companies of CUNA Mutual Group to create TruStage™ insurance products and programs—a new brand designed especially for credit union members. FULL STORY
Getting back to the paycheck replacement business 
Before the wake-up call of 2008-2009, too many retirement plan participants had lost sight of the true reason they have a retirement plan: to replace paychecks when the time comes—not to chase the “hot” stocks or funds today. Scott Knapp, Director of Investment Strategy for CUNA Mutual Group, offers strategies that plan sponsors, administrators, and providers can use to help participants get back on track and stay there. FULL STORY

Download free graphics: publicize your Award!
Wisconsin credit unions are being honored by Corporate Report Wisconsin, a statewide business magazine, for their Corporate Citizenship. Use our free graphics and sample text to tout your award in your newsletter, on your website, in a press release, as part of a communication to your legislators, and even on your lobby doors and teller's lapels. FULL STORY

Free webinar explains new flexibility with public deposits
Recent changes in state statutes allow greater flexibility for credit unions in working with their local school districts and governments.  A webinar set for Nov. 14 at 2 p.m. will explain more about municipal deposits and strategies for servicing these accounts. Provided by ALAN, the American Liquidity Access Network, the webinar will help anyone who works with business depositors. Register by contacting Jeni Mickelsen at (414) 961-6605.

Win up to $2,500 in cash with this year's Ca$h Calendar
Get your Ca$h Calendar raffle card today to earn 19 chances to win a total of $2,500 in cash prizes during the month of December. Proceeds benefit programs of the Wisconsin Credit Union Foundation. FULL STORY

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Ca$h Calendar