December 16, 2008

Free webcast today on NCUA's proposed initiatives
Last week, the National Credit Union Administration (NCUA) proposed two initiatives – the Credit Union Homeowner Affordability Relief Program and the Credit Union System Investment Program – that would help homeowners and add liquidity to the system. NCUA, in conjunction with the Credit Union National Association, state leagues and the National Association of Federal Credit Unions will hold a free informational webcast at 11 a.m. today that will outline the two proposed programs. The League has prepared talking points to address questions from members, media or others on the strength and safety of the credit union’s corporate system. To request a copy of the talking points, contact Chris Olson, Director of Communications, at (800) 242-0833, Ext. 6019.

The League News
will not publish Dec. 22; offices closed Dec. 24 and 25
Because of the Christmas holiday, The League News will not publish the week of Dec. 22. The League News will resume its regular publishing schedule on Monday, Dec. 29. League offices will be closed Dec. 24 and Dec. 25. The offices will re-open on Friday, Dec. 26 with regular hours from 8 a.m. to 5 p.m.

REAL Solutions

Jim Drogue talks about Free Tax Preparation Assistance Program with NCUF in podcast
Jim Drogue, The League's Vice President of Credit Union Development, spoke to the National Credit Union Foundation (NCUF) about the Free Tax Preparation Assistance Program. During the interview he discussed how the program works, with whom credit unions can partner with and how the program saves credit union members and others money during tax time. The interview is available as a podcast on NCUF’s Real Solutions website.

League’s tools help make CU’s participation in Free Tax Preparation Assistance sites easy

Credit unions participating in the Free Tax Preparation Assistance Program can access several tools from The League that will help them promote their efforts, making it easy for credit unions to focus on what’s important – helping low-income tax filers avoid refund anticipation loans (RALs) in favor of fast, free tax refunds via direct deposit.

Free Marketing Materials now available on The League’s EdVest webpage
Credit unions can now access free marketing materials for EdVest, 529 college savings plan, at EdVest gives Wisconsin consumers the opportunity to access Wisconsin credit unions’ most competitive rates as part of a long-term, state-sponsored college savings plan. It also lets credit unions hold some of the plan’s invested funds. If you’re new to the program, don’t miss your chance to learn about this great new REAL Solution. An informational webinar is available online only through January 28, 2009. DVDs will not be available.

UnitedOne CU creates special savings account to help students save for school trip

UnitedOne Credit Union is helping students at Washington Junior High School in Manitowoc save for an annual school trip to Washington, D.C. with the newly created  “My D.C. Savings” account offered through the credit union’s school branch. The credit union will pay a 1% APY dividend on account balances between $25 and $1,000. The credit union hopes the account will encourage students to save for the trip, while also helping them build lasting saving habits.

Get recognized for financial literacy efforts with the Governor’s Financial Literacy Award
Each year, the Governor’s Council on Financial Literacy honors individuals and organizations that have offered innovative financial education efforts and programs. Apply for a Governor’s Financial Literacy Award by Jan. 9, 2009. Past winners include Capital, CoVantage, Prospera and Parker Community Credit Unions, as well as The League for REAL Solutions and the brass|STUDENT program. The application deadline is Dec. 28.

1 with The League
The League’s 2008 Year in Review: Part 2 of 3
In 2008, the importance of credit union advocacy became even more apparent when credit unions were again faced with the banking industry’s nationwide, grassroots effort to lobby, legislate and regulate credit unions out of business. Read more...

CU Difference: Blackhawk Community CU halts foreclosures
Blackhawk Community Credit Union is giving families affected by foreclosure more time to explore their financial options, while also giving them a chance to stay in their homes during the holidays, by temporarily halting foreclosures. The temporary halt is in effect from Nov. 26 through Jan. 9, 2009, and will affect first mortgages held by Blackhawk Community CU that are in foreclosure and about to proceed to sheriff’s sale. The credit union is sending letters to its members who fit the foreclosure criteria, encouraging them to contact the Mortgage Department to discuss the various options that are available.


Government Affairs
Credit Union House open house on Inauguration Day
Celebrate the opening of the Credit Union House in Madison on Inauguration Day, Jan. 5. Festivities will begin with a ribbon cutting ceremony at 11 a.m., which the Governor, as well as legislative leaders and other government officials, have been invited to attend prior to the Inauguration ceremony at the Capitol. An open house for invited guests and credit unions will also be held on that day from 3:30 to 6:30 p.m. For more information, contact Lindsay Krumsee, Government Affairs Specialist, (800) 242-0833, Ext. 6015.

There’s three ways to save on your State GAC registration
There’s three ways for credit unions to save on their
2009 State Government Affairs Conference registration.



Guide on third-party vendor relationships released by CUNA
CUNA’s Due Diligence Task Force has released its comprehensive guide to help credit unions successfully negotiate third-party vendor relationships. For more resources on ‘due diligence,’ visit, Compliance, Topics A to Z, Due Diligence.

Education & Training
Career advancement, due diligence and business development covered in January QuickBites
Get important training without leaving your office with The League’s QuickBites Telephone Conferences. January’s sessions include:

  • 10 Commandments of Career Success. Use these 10 easy commandments to advance your career and take it from a dynamic job to the rhythm of a career.

  • Third Party Due Diligence. Examine the regulatory requirements for vendor due diligence and learn the details of creating an effective vendor management program.

  • Hands on Business Development. Learn how to increase new members, SEGs and business accounts through the use of multiple marketing channels in ongoing communications programs.

Protect your credit union from check fraud
A League Telecourse on Jan. 8 will teach you how to use the Federal Reserve Regulation CC to protect your credit union from check fraud. The session will also address check return rights for items that are returned unpaid to the credit union.

League News
The League thanks 10 credit unions for being the first to pay their 2009 League dues
The League would like to thank Oshkosh Community, Oshkosh Truck, Prospera, Wisconsin Latvian, Fresh Brands, Post Office, Two Rivers, Altra Federal, Educational Employees and First Choice credit unions for being the first to send in their 2009 League dues. Invoices were mailed to credit unions earlier this month. The deadline for credit unions to pay is Jan. 31.

System News

Nominate your innovative marketing campaign today for the 2009 Diamond Awards!
Don’t miss your chance to get recognition for your marketing efforts. Entries for the website marketing category for the 2009 Diamond Awards are due this Thursday, Dec. 18. All other entries are due Jan. 12, 2009. Submit your entry today! Award winners will be honored at the CUNA Marketing & Business Development Council’s 2009 Diamond Awards, March 11-14.

Credit Union News - Send Us Yours!

Product Solutions Center

Check out our endorsed service providers:
Advanced Fraud Solutions   
The Alliance One Network
Central States Mortgage
Corporate Central Credit Union
Credit Union National Association
CUNA Mutual Group (CMG)
CUNA Strategic Services
Fidelity National Information Services
First Data/STAR Systems
ICUL Services Corp.
HR Performance Management Training
League Forms and Supply
League Marketing Agency

PULSE-EFT Association
The LoanLink Center
TransUnion LLC
Wisconsin CU Shared Service Center
Wisconsin Health Alliance

Worldwide Interactive Services


Have your cake and eat it, too! With Fidelity, you’ll enjoy the success of proven results and the satisfaction of working with ONE PROVIDER. Read more…

Too small to provide the services your members are asking for? Not anymore! Now credit unions under 15 million in assets have a viable option for providing Debit Cards and ATM Cards to their members. Read more…

Trainings Offered By The League

Quick Bite: 10 Commandments of Career Success
TeleCourse: Reg CC
Quick Bite: 3rd Party Due Diligence

Keys to Compliance Webinar: Account Documentation - Single, Joint, Marital & UTMA Accounts
2009 Government Affairs Conference
Quick Bite: Hands on Business Development

View Full Calendar

Check out our
Director Training & CUNA's Correspondence Programs

Upcoming Events

Don't miss the Keys to Compliance Webinar: Account Documentation - Single, Joint, Marital & UTMA Accounts, Jan. 13

Join us at The League's 2009 State Government Affairs Conference, Jan. 20-21

Attend the 2009 CUNA Governmental Affairs Conference, Feb. 22-26


The Latest from CUNA
CU insurance coverage increases, 100-year anniversary topics of new member fin lit materials

Check out CUNA's numerous training opportunities

Questions or comments regarding this newsletter? Please contact Melissa Wittig at (800) 242-0833, Ext. 6045. Email change? Please contact Judy Phillips at (800) 242-0833, Ext. 6020.