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Don’t forget to turn your clocks back:
Daylight Savings Time ends Nov. 2
Make sure you’re on time for any important appointments on Monday,
Nov. 3. Set your clocks back an hour Sunday, Nov. 2, when Daylight Savings
Time ends.
REAL Solutions
Help
students achieve their dream of going to college by posting your credit
union scholarships today!
The school year is well under way and students will soon be preparing
their college applications and thinking about financial aid. Now is the
perfect time to enter or update your credit union’s scholarship
information in the brass|STUDENT PROGRAM's Credit Unions for College
Database. Register or login at the
brass|STUDENT PROGRAM website to begin the process. If you have an
account but have forgotten the password, you can request a new one on the
site. For more information, contact
Brady Sahnow at brass.
Credit unions bring financial education to
schools and community during Money Smart Week Wisconsin
Credit unions held events that helped to further financial education in
their communities during Money Smart Week Wisconsin.
Read more...
Credit
unions already accepting CDs through EdVestSM 529 college
savings plan
Five credit unions have already received CDs collectively
valued at $500,000 through Wisconsin credit unions’ newest
REAL Solution, the
EdVestSM 529 college savings plan.
Read more...
Young Professionals Council provides
insights into teaching the CU Difference during first meeting
Credit unions understand that they must attract young members to
remain vital, but many don’t know how to go about it. As shown in a recent
CUNA’s 2008 Member Statistics research study, credit unions have found
some success in attracting members of the peak borrowers age group (ages
25-44), but they are still struggling to attract what the study referred
to as future borrowers, ages 18-24. The League’s newly created Young
Professional Council, which is made up of some of the brightest and most
innovative young professionals in the Wisconsin CU movement, will help to
shed light on how credit unions can attract and retain that age group as
members.
Read more...
Compliance
IRS November webcast to focus on Form 990 redesign
The Internal Revenue Service’s
(IRS) next
“Tax Talk Today” webcast, on Nov. 4, will discuss issues involved in
the preparation of the redesigned Form 990. The form was redesigned to
reflect changes in tax law and the tax-exempt sector. This
webinar is free and will be held from 1 to 2 p.m. central time. Please
register in advance by clicking on the link above. All IRS webcasts are
also archived and can be retrieved after November 4 for up to a year.
All state-chartered credit unions are required to file a
Form 990. Credit unions can also get help from The League Services Corp.,
which provides a service that’s affordable for credit unions of all asset
sizes that will prepare and electronically file a credit union’s Tax Form
990. If you have any questions regarding the Form 990, please feel free to
contact our CFO, Carol Robinson at
crobinson@theleague.coop.
“Red Flags” deadline extended for state-chartered credit unions
The
Federal Trade Commission (FTC) has
suspended enforcement of the new “red flags” rules until May 1, 2009,
which will allow most Wisconsin credit unions an extra six months to
develop their identity theft prevention programs. Prior to this
suspension, the FTC required credit unions to comply by Nov. 1.
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
safeguard member information during the Privacy & Information Security
webinar Nov. 4
Need an update on Privacy & Information
Security? Participate in The League’s
Keys to Compliance Webinar on Privacy
& Information Security from 10 a.m.
to noon on Nov. 4. Learn about NCUA privacy
rules, NCUA rules on safeguarding member information, Identity Theft (in
general) and “Guidance” on authentication in electronic banking. The
webinar is part of The League's
Keys to Compliance 2008 Webinar Series, which provides an overview of
essential compliance and employment law issues that affect credit union
operations and human resources.
Learn how to protect your members’ financial interests at the Financial
Counseling Seminar Nov. 6
Learn how to navigate these turbulent times while protecting your
members’ financial interests at The League’s
Financial Counseling seminar Nov. 6 at the Radisson Paper Valley Hotel
in Appleton.
Build your
lending knowledge at The League’s Consumer Lending School Nov. 18-20
Learn how to better serve your members’
lending needs and bring in more revenue at The League’s
Consumer Lending School Nov. 18-20 at Kalahari Resort in Wisconsin
Dells. Build a stronger foundation and longer-term relationships with
members using tips provided by the school’s instructor Brett Christensen,
owner of CU Lending Advice, LLC. Save $100 by registering before Nov. 3!
League News
League staff move into permanent office space in
Pewaukee
With renovations
complete, League staff moved into their permanent office space in the
Pewaukee office last week.
Read more...
Free email forums connect credit unions around the
state
Connect
with more than 430 credit union staff and volunteers through The League’s
free email forums. The forums are an easy way to find out what other
credit unions are doing and share ideas. Join one of The League’s three
forums today!
Read more...
System News
Encourage
local teachers to participate in the National Financial Literacy Challenge
The President’s Advisory Council on Financial Literacy’s
National Financial Literacy Challenge will be offered online November
3-26. It is important for
credit unions to encourage local teachers to participate in the challenge,
as the results will help set benchmarks for evaluating the financial
literacy of America’s high school students. Students who score in the top
25th percentile or higher will also receive recognition.
Get noticed for your innovative marketing campaign as part of the 2009
Diamond Awards
Is your credit union leading the way with
its marketing campaign? Get recognized! Submit your entry for
CUNA Marketing & Business Development Council’s 2009 Diamond Awards.
Entries are due Jan. 12, 2009.
Learn how to capture the Gen Y market at CUNA’s
YES Summit Dec. 3-5
Looking for new ways to reach the Gen Y market? Attend
CUNA’s YES Summit to learn how to capture this vital audience by
tapping into their needs. This year’s YES Summit will take place Dec. 3-5
in Tampa, Fla.
Credit Union News - Send
Us Yours!
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