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May 31, 2013

Urge Members to Tell Congress: Don't Tax My CU!

Federal tax reforms threaten the future of credit unions by placing their tax status in jeopardy. Millions of contacts to Congress are needed NOW! Urge your credit union's staff, board & members to view the video at www.DontTaxMyCreditUnion.org and take action! Our lead story explains more.

Tax battle requires MILLIONS of contacts to Congress
Credit unions' ability to continue as the lower-priced alternative among financial institutions is in danger of disappearing as a result of federal tax reforms occurring now. Every credit union is urged to engage their staff, directors and members in contacting Congress with the message, "Don't Tax My Credit Union!" According to CUNA, millions of Congressional contacts are needed to preserve the credit union tax status that returns $8 billion annually to American consumers. FULL STORY

Room block for D.C. Tax Advocacy Hike closes Monday, June 3
Monday, June 3 is the release date for the block of hotel rooms reserved for Activists attending the Credit Union House/Hike the Hill event to defend credit unions' tax status. This event is the best opportunity to tell the Wisconsin delegation, in person, how important the income tax exemption is to your credit union and members. FULL STORY

Activists fend off bankers' attack on independent CU regulator
More than 3,000 contacts to state lawmakers by credit union Activists in less than two weeks have, thus far, fended off the Wisconsin Bankers Association's efforts to harm credit unions as part of the state Budget Bill. Be sure to thank your legislator for standing up for credit unions! FULL STORY

Convention kicks off CU growth strategy
More than 900 participants, including 77 first-time attendees, gathered for The League's annual Convention in the Wisconsin Dells May 8-11 to gain insights that can help their credit union thrive and have some fun. This year's convention theme, "Unite for Good," highlighted a new, internal campaign for credit union growth. It was a fun-filled few days of learning, networking and raising funds for some great causes. FULL STORY

2013-2014 League Boards, Executive Committees introduced
The 2013-'14 members of The League Board (right) and Executive Committee, as well as members and executive committee members of the Services Corp. Board and the Wisconsin Credit Union Foundation Board were introduced during The League's annual Convention. FULL STORY
Wisconsin Department of Revenue launches electronic levy solution
The Wisconsin Department of Revenue (DOR) has launched its e-Levy system, allowing financial institutions to submit online levy payments and non-payment responses. Credit unions can visit the DOR website for instructions to set up a profile page and begin using the system. Two short tutorials are available on the e-Levy webpage.

Compliance Compass: more changes to mortgage rules
Mortgage lending rules are undergoing some significant changes, two of which take effect June 1, 2013. In this edition of Compliance Compass, The League's Legal Affairs Counsel Paul Guttormsson (left) urges lending and compliance staff to be aware of these and to refer to guidance from The League's Legal Affairs Department. FULL STORY.

Complete CUNA's new survey by June 10 to help shape remittance rule
If your credit union offers international remittance services, complete CUNA's new survey by June 10 to help gauge the impact of the Consumer Financial Protection Bureau's remittances rule. Some changes the CFPB made to the rule in April reflected input from CUNA's Remittance Working Group, including a delayed effective date (until Oct. 28) and additional latitude for providers. But CFPB opted not to raise its 100-transfers-per-year exemption threshold. Your responses will help CUNA lobby this issue.

OCU, NASCUS & The League offer essentials for directors, managers
Credit union directors and managers are urged to attend a full-day's educational event on Tuesday, June 18 at Empower Credit Union that will focus on industry trends, exam issues, regulatory changes, and emerging risks directors must understand. Plus, directors will be able to fulfill a requirement for annual Bank Secrecy Act training. FULL STORY

Use home equity lines of credit to moderate interest rate risk
As a variable rate lending product, home equity lines of credit (HELOCs) can help moderate interest rate risk. And, the timing is right to use them; media are already reporting they're making a comeback among consumers. Attend The League's June 26 HELOC Seminar in Pewaukee to take full advantage of this timely opportunity. FULL STORY

REAL Focus: financial education heats up this summer
With the recent retirement of Jim Drogue, Chad Helminak (right) takes the reins as The League's new Vice President of Development. In this edition of REAL Focus, he shares the latest financial education opportunities heating up this summer. FULL STORY

Get recognized for the difference your credit union makes daily!
Your credit union makes a difference in members' lives and within the community on a daily basis. Why not get recognized for it? FULL STORY

Representatives being sought for League Councils, Committee
Representatives from credit unions are being sought to serve on League advisory groups that provide ongoing feedback on what credit unions and their 2.4 million members need. FULL STORY

Apply for a REAL Solutions® Grant!
Get help improving your members' financial stability and the quality of life in your community with a REAL Solutions Initiative Grant from The Wisconsin Credit Union Foundation. Read the guidelines and Apply by July 1. FULL STORY

Help members buy insurance, investments online to grow income
The TruStage website from CUNA Mutual Group makes it easy for credit union members to purchase life, auto, homeowners, AD&D, long-term care and medicare insurance coverages, as well as CUNA Brokerage Services. It'll help you empower members, strengthen your CU brand with deeper member relationships, and earn non-interest income. A demo video explains more. Use it to enhance your MemberCONNECT program. FULL STORY

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