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Credit Union News

Oct. 12, 2012

Cheney: do more to protect CU interests

CUNA President & CEO Bill Cheney explains why credit unions must do more to protect their interests in serving members. To keep the best credit union advocates in Congress, for example, please donate to CULAC. Through Nov. 6, CULAC will award at random 10 engraved CULAC pens—typically only available to CULAC donors at the Leadership Circle ($1,000) level—to online contributors donating a suggested minimum of $50 or more. Any member of a CUNA-affiliated credit union with a valid 2012 permission agreement may participate. See the complete rules and donate today!

...because of compliance issues
Compliance remained one of the most in-demand League services in 2012. This assistance helps to reduce credit unions' exposure to regulatory penalties, prepare credit unions for visits by regulators and protect the credit union and its members from liabilities that have the potential to affect income, member service, reputation and more. FULL STORY

Activists: continue contacts and prepare for lame duck
Credit union Activists can remain active in their push for the Credit Union Small Business Jobs Bill, S. 2231/H.R. 1418, which would increase credit unions' business lending cap from 12.25% to 27.5% of total assets. A vote in the U.S. Senate is expected to occur in the lame duck session, after the November elections and before Christmas. FULL STORY

Hundreds of miles apart but united in commitment: Payroll Deduction
First Community Credit Union of Beloit and Co-op Credit Union in Black River Falls are in different parts of the state but share an important connection; both are among the committed credit unions standing up for the credit union movement through Payroll Deduction. Each payday, employees of both credit unions set aside small donations to support pro-credit union lawmakers, legislators in key positions and candidates to ensure credit unions remain politically relevant and influential. FULL STORY

Wisconsin credit unions honored for community involvement
Wisconsin credit unions are being honored with a Corporate Citizenship Award—recognizing community involvement—from Corporate Report Wisconsin magazine. The accolade, honoring businesses that make a positive difference in Wisconsin, gives credit unions another great reason to celebrate the International Year of Cooperatives, Co-op Month and the approach of International CU Day, October 18. FULL STORY

Grow loans, income and membership: Consumer Lending Workshop
Back by popular demand, Celeste Cook of cuStrategies LLC will show attendees of our Consumer Lending Workshop how to attain significant growth in loans, members and profitability. FULL STORY

Directors: understand your role in key CU functions
Top industry speakers—including CU favorite Rick Olson—and learning tracks aimed at improving directors' role in strategic planning, compliance, exams, risk management and financial analysis will make the League's Directors Conference the one event you can't afford to miss. It all happens October 19 and 20 at the Blue Harbor Resort in Sheboygan. FULL STORY
Save the date for the State Govt. Affairs Conference, Jan. 22-23
The League's State Government Affairs Conference, Jan. 22-23, will again be two days because it is an election year. Please budget to send at least one representative. This is Wisconsin credit unions' premier opportunity to build pro-credit union relationships with state lawmakers.

Credit unions' in-school, student-run branches teach saving
Wisconsin credit unions' 100 in-school credit union branches operated by students have helped teens develop a regular habit of saving money as well as squirrel away a whopping $3 million! The League is sharing the list of student branches with lawmakers in our For the Record newsletter—a key part of our ongoing advocacy effort. Share news about your own success teaching students good financial habits through your in-school branches!

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. Past winners have included Brokaw, Educators, STAR, Summit and UW credit unions, while Wisconsin credit unions have won collectively for their REAL Solutions® initiative, the brass|STUDENT program, their youth-run branches, the Money Mission® life simulation for teens, and their Investor Education in Your Workplace® program.

CUs preparing to host interns from Dominican Republic
As part of a U.S. Department of State program, CU professionals from the Dominican Republic will visit Wisconsin as part of 4-week, unpaid internships that run Oct. 10 to Nov. 2. Many thanks to Summit, Dane County, Glacier Hills and Taylor CUs for hosting the visitors, and working with The World Council of Credit Unions to plan their learning experience. Follow their visit on Facebook, and stay tuned to League News for future updates.

Need income? Start here!
Everyone's bottom line is being squeezed, but credit unions that know how to meaningfully engage with members and meet their needs are still making good income. Take advantage of The League's many learning opportunities to build relationships, identify member needs, reach income-generating target groups and develop better strategies to make more loans. FULL STORY

Industry leaders interpret the hottest issues facing CUs at Roundtables
The League's fall CEO Roundtables have something credit unions of every size need most: insights on improving income and exams for small credit unions, and advice on the increasingly challenging areas of technology and enterprise risk management for large and mid-size credit unions. Presenters with decades of experience serving hundreds of credit unions in the U.S. and internationally—including Fiserv's Mark Sievewright—will outline your steps to remain competitive and you'll have the opportunity to pose your thoughts and questions as part of the facilitated peer discussions. 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 October 30 at 10 a.m. and 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 provide helpful information to CEOs, CFOs and others who work with business depositors. Register by contacting Jeni Mickelsen at (414) 961-6605.

Young Professionals: apply for a $2,000 national conference scholarship!
YPs, the Wisconsin Credit Union Foundation is offering young professionals a $2,000 scholarship to put toward a national conference in 2013. Check out the scholarship guidelines and apply by Oct. 31.

Simply having an online app doesn't cut it for smartphone/tablet users
Consumers continue to migrate from desktop and laptop computers to mobile internet devices to do their banking. Consider three strategies to increase loan traffic and non-interest income in addition to simple account queries and transfers: offer loan applications formatted for the growing array of smartphones and tablets; present payment protection options as part of the initial application process—don't wait until closing; and provide a secure loan processing platform, which means not storing members' financial data on their mobile devices. FULL STORY

2012 Wisconsin Credit Union Compensation Survey now available
The League's 2012 Compensation Survey, which outlines the pay rates for various staff positions within credit unions, is now available. FULL STORY

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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