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Credit Union News

Sept 28, 2012

Press event ramps up pressure on biz lending bill

"When you have a membership organization, why aren't you allowed to do everything possible to help your members?" That was the question posed by U.S. Sen. Mark Udall at a video event that CUNA sponsored in Washington, D.C. to urge passage of the Credit Union Small Business Jobs Bill. Our story "Press event," below, has a link to the complete online event.

...because of regulatory concerns
One of credit unions' top concerns is preserving a regulatory environment that protects members without inhibiting credit unions' ability to deliver services and grow. Your League monitors both state and federal rules and regulations from when they're first proposed through their implementation, using input from credit unions to shape the specific requirements credit unions must follow under the law. Together we accomplished a lot on the regulatory front in 2012.

"Hike"is a rare opportunity to dialog with CFPB Director, NCUA Chair
Wisconsin credit union Activists are set to meet the most influential federal regulators—from NCUA and the Consumer Financial Protection Bureau (CFPB)—at The Wisconsin League's fall "Hike the Hill" event Oct. 2-3 in Washington, D.C. With Wisconsin's entire Congressional delegation invited to address our group, it's Wisconsin credit unions' best chance to share their regulatory concerns and push for legislation benefiting credit unions. FULL STORY

Press event in D.C. adds pressure to pass business lending bill
CUNA sponsored an event on Capitol Hill Sept. 12 to maintain strong pressure on members of Congress to support the Credit Union Small Business Jobs Bill (S. 2231/H.R. 1418). The legislation would create more than 157,000 new jobs nationwide at no cost to taxpayers by allowing credit unions to make more loans to small business. This forum was simultaneously broadcast online by event co-host, The Hill newspaper, a well-known publication among Members of Congress. Credit unions can add to this pressure by keeping up their own contacts. Pictured here, Chip Coenen of Lakeview CU shows off a pro-business lending card sent to Wisconsin Senator Ron Johnson. FULL STORY

State survey asks your input as it reviews regulatory environment
The Governor's Office—in conjunction with all state agencies—is analyzing the state's administrative rules to determine what regulations may be hindering job growth and the growth of Wisconsin businesses. By October 12, credit unions can respond to a survey that seeks your feedback as well as any specific recommendations you may wish to offer for improvement. Survey participants can also request a copy of the final analysis. It's a true opportunity to have the open ear of policymakers who can help ease needless regulatory burdens—be sure to share your views!

Compliance Compass: understand lending plans
In this edition of Compliance Compass, The League's Legal Counsel Paul Guttormsson explains more about certain lending plans whose names may sound alike, but are really quite different. Multi-featured open-end lending (MFOEL) and multi-featured lending (MFL) plans have important differences, so be sure you're up to speed on recent guidance related to each. FULL STORY

Pre-election givers making modest contribution could win top-givers' perk
With the November elections just around the corner, it's critical to raise last-minute funds to secure our credit union advocates in Congress. Between now and Nov. 6, CULAC will award at random 10 engraved CULAC pens—typically only available to CULAC donors at the Leadership Circle ($1,000) level—to online contributors donating a suggested minimum of $50 or more. Any member of a CUNA-affiliated credit union with a valid 2012 permission agreement may participate. Please see the complete sweepstakes rules and rules and donate today!

Directors: understand your role in key CU functions
Top industry speakers—including CU favorite Rick Olson—and learning tracks aimed at improving directors' role in strategic planning, compliance, exams, risk management and financial analysis will make the League's Directors Conference the one event you can't afford to miss. It all happens October 19 and 20 at the Blue Harbor Resort in Sheboygan. FULL STORY

REAL Solutions® Grants advance financial education
One of the many goals of The Wisconsin Credit Union Foundation is to support programming that improves the financial literacy of the public. It does this, in part, through its REAL Solutions® Initiative Grant. The 2012 recipients of these grants are progressing with some great projects that advance financial education. FULL STORY

Industry leaders interpret the hottest issues facing CUs at Roundtables
The League's fall CEO Roundtables have something credit unions of every size need most: insights on improving income and exams for small credit unions, and advice on the increasingly challenging areas of technology and enterprise risk management for large and mid-size credit unions. Presenters with decades of experience serving hundreds of credit unions in the U.S. and internationally will outline your steps to remain competitive and you'll have the opportunity to pose your thoughts and questions as part of the facilitated peer discussions. FULL STORY

Win up to $2,500 in cash with this year's Ca$h Calendar
Get your Ca$h Calendar raffle card today to earn 19 chances to win a total of $2,500 in cash prizes during the month of December. Proceeds benefit programs of the Wisconsin Credit Union Foundation. FULL STORY

Refine your strategy at the Mortgage Lending Roundtable
The League's Mortgage Lending Roundtable, set for Oct. 2 in the Wisconsin Dells, will help you build a business strategy that reflects the current marketplace as well as teach you how to hedge your interest rate risk and measure progress. Kim Alexander of AmeriCU Mortgage will guide you through the new realities of today's real estate market, as well as the ABCs of mortgage regulations and current and proposed changes to these regs. Because it's a roundtable format, facilitated discussion offers opportunity to learn from peers, share ideas and build your network of useful contacts. Register today! Questions? Contact Judy Phillips at (262) 408-6020.

Young Professionals: apply for a $2,000 national conference scholarship!
YPs, the Wisconsin Credit Union Foundation is offering YPs a $2,000 scholarship to put toward a national conference in 2013. Check out the scholarship guidelines and apply by Oct. 31.

Go a step above offering members IRAs
The average consumer needs guidance when it comes to retirement accounts, but few financial providers leverage the opportunity to 'wow' the investors they serve with the answers they seek. You can do just that, by attending The League's October 10 workshop in Wisconsin Dells: IRAs—a Step Above for 2012-2013. FULL STORY
You're invited: Wisconsin Summit of Financial Literacy
Be sure you're at Lambeau Field Oct. 12 for the second annual Wisconsin Summit of Financial Literacy, which supports professionals who offer personal finance programs. Green Bay Packers President Mark Murphy will be among attendees cheering on participants and presenters, which include community educators, college professors shaping personal finance education, and K-12 teachers. Also enjoy 4 free waterpark passes that accompany discounted room rates at nearby Tundra Lodge and Resorts. Register by October 10.

FREE online Discovery Conference offers 13 info-packed sessions
CUNA Mutual Group's third annual, daylong Online Discovery Conference on Tuesday, Oct. 9, makes learning easy by offering 13 credit union-focused sessions from the convenience of your desk—for FREE. FULL STORY

Tracked collateral protection insurance improves member experience
Collateral protection insurance (CPI) programs that track whether vehicles are adequately insured can be a financially sound strategy for credit unions—but only if the program doesn't upset and confuse members. Three Midwest credit unions that use tracked CPI report little or no adverse reaction from members. The keys to success so far include a real-time online documentation system and quick, transparent claims processing. FULL STORY

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