| July 1, 2011 |
Fed issues improved final Interchange rule
Due in large part to the 11,000 comment letters - more than half of them from credit unions - and the work of CUNA and state leagues, the Federal Reserve Board made significant changes to the proposed Interchange rule issued earlier. The final rule is much better for credit unions than the original proposed rule. CUNA has prepared its initial summary, but a more thorough analysis of the final rule, which is lengthy, will be forthcoming soon. FULL STORY |
NCUA to allow pre-paid assessments if required participation is achieved
The NCUA Board voted on Wednesday, June 29, to go forward with its program to allow federally insured credit unions to pre-pay some of their Temporary Corporate Credit Union Stabilization Fund assessments, provided there is adequate participation in the program by credit unions. FULL STORY |
Conversion language passed with state budget bill
When Governor Scott Walker signed the state budget into law on June 26, he did not veto the credit union conversion language that had been included by the Wisconsin Bankers Association. The non-budgetary financial institution chartering policy permits direct conversion of a member-owned credit union into a stockholder-owned bank. FULL STORY |
| Compliance Compass: Are you ready for July 21?
In the latest Compliance Compass column, Paul Guttormsson, The League's Legal Counsel, talks about upcoming changes related to the Dodd-Frank Wall Street Reform and Consumer Protection Act. FULL STORY |
League's ii Transmittal Sheets & ii Release updates go paperless in July
The end-of-June ii Transmittal Sheet and ii Release updates will mark the end of paper releases as The League transitions to paperless ii Releases in July. FULL STORY |
Investor Education in Your Workplace™ continues to grow
While the Investor Education in Your Workplace™ program has had a few name changes since it was first introduced in Wisconsin as the REAL Progress & Pathways to Prosperity (RP3) program, it continues to grow and expand, providing investment education across three states. In just under 24 months, the program has provided 66,575 hours of investment education to over 7,000 participants located in Wisconsin, North Carolina and Pennsylvania. FULL STORY |
Fall strategic planning & budgeting are just around the corner
Summer may be a time for vacations and relaxing by the pool, but it's also the perfect time to begin preparing for fall strategic planning and budgeting. FULL STORY |
DFI schedules listening sessions in July on credit union issues
The Wisconsin Department of Financial Institutions (DFI) has scheduled during the month of July four credit union roundtable listening sessions around the state in an effort to share ideas and discuss topics important to credit unions. FULL STORY |
Have fun and raise money for a good cause at The League Invitational
Enjoy a day of golf and help raise money for the Wisconsin Credit Union Foundation by participating in The League Invitational on July 28. FULL STORY |
2011-'12 League Committee & Council members announced
Members of The League's 1 with The League Council, Services Council, Young Professionals Council and Government Affairs Committee for 2011-'12 have been announced. Updated committee and council lists can be found on The League's Leadership page. The League sincerely thanks the dedicated credit union professionals who serve the movement as part of these advisory groups. |
Consumer website continues to see steady growth in visits
More than 1,200 consumers looking for more information about credit unions - and how they might join one - have visited the new consumer website - www.asmarterchoice.org - since it was unveiled earlier this year. FULL STORY |
Mortgage Lending webinar series offers insight into what members want
Credit unions can learn about what their members are looking for in a mortgage lender during a FREE webinar on July 13. The webinar is part of an ongoing series on Mortgage Lending. For just $189 for each webinar, credit unions can learn more about rehabilitation financing and the future of mortgage lending during webinars on Aug. 24 and Nov. 16, respectively. For added convenience, all webinars will be recorded and available for purchase via an On-Demand Web Link. The link will be active for up to six months from the live session. |
