Having trouble viewing this email? Click here.

Upcoming Events:

View Calendar

Credit Union News

June 15, 2012

Add your voice to secure "yes" vote on S.2231

In this video, U.S. Senate Majority Leader Harry Reid applauds Colorado Senator Mark Udall for his steadfast support to raise the arbitrary cap on credit unions' business lending and promises a vote on the issue by the full U.S. Senate. Add your voice (see story below) to ensure the bill passes when that critical vote is held.

Add your voice to the list of those supporting business lending bill
Credit unions should maintain a steady stream of contacts to the offices of Wisconsin's two U.S. Senators, Herb Kohl and Ron Johnson, in support of S. 2231. The proposed federal legislation, which will help small businesses and create jobs, has a long bipartisan list of organizations that have joined the effort urging the Senators to back the bill. Without your voice, however, our effort might fall short. FULL STORY

Compliance Compass: Bylaw amendment declares commitment against conversion
Because of a 2011 amendment to the Wisconsin Statutes, state-chartered credit unions can now convert directly to stock savings banks or state banks. The League opposed that controversial change (which was promoted by the banking industry), in part because the law requires that the conversion plan be approved only by a majority of the members who vote on it (not a majority of all members). In this edition of Compliance Compass, the League's Legal Affairs Counsel Paul Guttormsson explains how credit unions can declare their commitment to remaining not-for-profit, member-owned financial cooperatives, simply by updating their bylaws. FULL STORY

Little time for learning? Phone courses cut to the chase!
Dial in to all the knowledge you need. The League offers learning by phone that gets you where you need to go quickly. Our two-hour TeleCourses and one hour Quick Bites cover a wide array of topics. FULL STORY

Workplace investor ed program returning, webinars announced
A new round of Investor Education in Your Workplace (IEiYW) courses are slated to begin this October in Wisconsin. IEiYW and its partners are hosting webinars to show your credit union, SEGs and other local businesses how to participate in this training, which has been proven to positively impact investing behavior. Credit unions are invited to sign up for an informational webinar taking place on June 19 and June 28; please click on the respective dates for more information and to register.

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

What would Edward Filene say, asks Pablo DeFilippi
Credit union pioneers like Edward Filene established the first financial co-ops to provide access to affordable financial services for people who were locked out of the financial mainstream. Pablo DeFilippi, Membership Director for the National Federation of Community Development Credit Unions, shares his thoughts on the financially underserved and unbanked today, the billions in potential revenue they represent for credit unions, and the billions of dollars that these populations might save with credit union outreach. FULL STORY

Want to grow your credit union? Tap proven innovations
This summer, The League is providing a unique experience to help you grow your credit union. The League's first-ever Innovators & Educators Roundtable—set for Aug. 15 in Madison—will share proven innovations that go beyond satisfying members' financial needs to creating ardent advocates for your credit union. Learn the best ideas that credit unions—as well as others in the financial services industry—have tapped for positive bottom line results. Managers, marketers and development professionals are encouraged to attend. FULL STORY

New perks for awards: free or reduced Roundtable registration!
Credit unions that apply by July 20 for the Desjardins, Dora Maxwell and Louise Herring Awards all receive an extra perk—more than half off the price of one registration to The League's idea-packed Innovators & Educators Roundtable in Madison this summer. First-place winners can send one attendee for free! The awards recognize the meaningful impact of credit unions' unique member service philosophy, financial education and community service. FULL STORY

Raise money for The Foundation, have fun at
The League Invitational

Enjoy a day of golf and help raise funds for the Wisconsin Credit Union Foundation at The League Invitational on July 19. FULL STORY

FHA launches HARP-like program offering big borrower savings
The Home Affordable Refinance Program (HARP) launched in its original version in March 2009 has helped millions of homeowners take advantage of historically low interest rates. Now in the second iteration this program continues to cut through red tape and allows borrowers to save thousands on their mortgages. FULL STORY

CUNA Mutual Group enhances Cyber & Security Incident Package
CUNA Mutual Group has enhanced its Cyber & Security Incident (CSI) insurance package by adding a new online resource that provides policyholders with front-end education and awareness of cyber liability and data breach risks, as well as access to a “Breach Coach” and other remediation tools should a breach occur. FULL STORY

Foundation Annual Report now available
The Wisconsin Credit Union Foundation unveiled its 2011 Annual Report during The League's Annual Convention in Milwaukee. The report outlines The Foundation's activities over the past year, as well as honors the generous donors who help The Foundation fulfill its mission. FULL STORY

Also in the news

Ca$h Calendar