November 3, 2008

REAL Solutions
UW Credit Unionís new REAL Solutions help members achieve financial fitness and a college degree
The University of Wisconsin Credit Union has introduced three new REAL Solutions to its membership that will add convenience, while helping them to obtain financial fitness and a college education. Read more...

Did you miss the EdVest webinar? Watch it online!
The EdVest webinar is now available online! The 45-minute webinar will be available online through January 28, 2009. Donít miss your chance to learn more about this great new REAL Solution that gives Wisconsin consumers the opportunity to access Wisconsin credit unionsí most competitive rates as part of a long-term, state sponsored college savings plan and lets credit unions hold some of the planís invested funds.

Volunteers needed for Milwaukee area Free Tax Preparation Assistance sites
The League, in partnership with the Internal Revenue Service, the Department of Revenue and the Social Development Commission (SDC) is looking for 30 volunteers from Milwaukee area credit unions to donate their time to work at several SDC sponsored Free Tax Preparation Assistance sites. Volunteers will have the flexibility to set their own schedule. For more information, contact Jim Drogue, Vice President of Credit Union Development at The League, or Jill Weber, Director of Member Solutions at The League, at (800) 242-0833.

Government Affairs
Don't miss your chance to vote in the Nov. 4 elections
Donít forget to cast your vote for the next president, as well as vote in state and local elections on Tuesday, Nov. 4. Visit to find your polling location. To find out where state senate and assembly candidates stand on credit union issues, check out their responses to The Leagueís Candidate Survey.

Save the date for the State Government Affairs Conference Jan. 20-21
The 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 unionsí premier opportunity to build pro-credit union relationships with lawmakers. Scholarships are also available. Because of the growing popularity of the conference, it will be held at the Hilton Monona Terrace in  Madison. Book your room early.

New number to call for answers to compliance questions
Credit unions have a new number to call when theyíre seeking an answer to a compliance question. The direct line, (262) 408-6098, rings phones for all four compliance staff to ensure a speedy pickup, and if necessary, forwards your voicemail to the staff as part of an e-mail. As always, compliance staff can also be reached individually by either phone or email.

Credit unions have options on updating NCUA insurance sign
The National Credit Union Administration (NCUA) has announced changes to its rules for its official sign in light of the temporary increase on its share insurance protection from $100,000 to $250,000. Read more...

Would you like to receive Compliance updates right in your inbox?
Sign up for the Compliance Courier by sending an email to Judy Phillips with Compliance Courier in the subject line and your name, title and credit union name in the email message.

Education & Training
Learn how to spot the signs of money laundering during the Nov. 13 QuickBite
Get an introduction into the world of money laundering during the Money Laundering QuickBite Telephone Conference on Nov. 13. The session will provide insight into the various reasons for money laundering and the methods of moving and concealing funds that will help you identify suspicious activity within your credit union. For more information, contact Judy Phillips, Program Assistant and Database Administrator at The League, at (800) 242-0833.

Help staff understand the financial side of credit unions during November Teleconference

Help staff and volunteers better understand how credit unions make their money and build capital during the Credit Union Financials for Staff Teleconference Nov. 18. The session will help staff and volunteers understand how their activities and decisions influence the inner workings of the balance sheet, income statement and key ratios. For more information, contact Judy Phillips, Program Assistant and Database Administrator at The League, at (800) 242-0833.

League News
Join the growing number of Founderís Circle members by making a contribution to the Foundation
Join the already growing Founderís Circle and help to support worthy programs like credit unions' REAL Solutions Initiative by making a contribution to The Wisconsin Credit Union Foundation. Several credit unions and individuals have already become members of the Founderís Circle by making a contribution within specified giving ranges. Read more...

Nowís the time to start thinking about who to nominate for The Leagueís Board of Directors
Credit unions should begin to think about who to nominate for The Leagueís Board of Directors; nomination forms will be mailed to all credit unions in mid-December along with detailed election information. Itís also important to remember that this yearís elections will see many changes after a redistricting plan was approved at The Leagueís Annual Meeting during Convention in May. Read more...

System News

Educators CU and the Office of Credit Unions settle dispute over the credit union's car services
Educators Credit Union has settled its dispute with the Office of Credit Unions (OCU) over the credit union's ability to own and operate a retail automobile dealership. The settlement allows the credit union 18 months to get the law clarified to clearly allow the service or to transfer the business to a third party. Educators Credit Union established the retail automobile dealership in 2002 to provide members and the community with hassle-free car buying resources. Earlier this year, the Wisconsin Automobile and Truck Association filed a complaint with OCU saying that the credit union charter does not allow credit unions to offer this service.

Sponsor a local teacher for the 2009 National Institute of Financial and Economic Literacy!
Plan early to sponsor a teacher for the 2009 National Institute of Financial and Economic Literacy Ė week-long workshops that instruct educators how to teach young people the basics of personal finance. These popular workshops, which take place on the Edgewood College campus in Madison, are your chance to help young people build a financially solvent future. Teacher sponsorship for each full week costs $225 Ė a bargain! Ė and includes lodging, meals and the teacherís registration. Wisconsin credit unions sponsor a majority of the eventís attendees. The League has sponsored the Institute since its inception in 2001.

Credit Union News - Send Us Yours!

Trainings Offered By The League

Keys to Compliance Webinar: Privacy & Information Security
Financial Counseling
Consumer Lending School
Activist Training - Level 1 & Level 3 -- What's an Activist?
Large Credit Union Roundtable

Quick Bite: Lending to Young Adults/Hispanics
2009 Government Affairs Conference

View Full Calendar

Check out our
Director Training & CUNA's Correspondence Programs

Upcoming Events

Network at the Small Credit Union Roundtable, Nov. 5

Attend the Financial Counseling Seminar, Nov. 6

Learn more at the Consumer Lending School, Nov. 18

Don't miss The League's FREE Activist Training - Level 1 & Level 3, Nov. 19 Registration is required.

Network at the Large Credit Union Roundtable, Dec. 4

The Latest from CUNA
Four new self-study courses created for volunteers

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.