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Credit Union News

Nov. 16, 2012

Grassroots effort needed to pass biz lending bill

YOUR help is key to passing federal legislation that will make more small business credit available through credit unions to protect and create jobs. CUNA President & CEO Bill Cheney explains the hard work that's pushed the bill near the finish line, and how your grassroots activities are key to getting the bill passed. See "Push to advance business lending bill" below for details about a nationwide November fly-in to D.C. and steps you can take NOW to advance the fight!

...because education is key to success
The League's in-person, telephone and online programs better equipped credit unions' front-line staff, board members, and management to fulfill their roles. FULL STORY

Push to advance business lending bill includes November D.C. visit
The credit union movement's largest push yet to pass the Credit Union Small Business Jobs Bill (S.B. 2231/H.R. 1418) is just days away. That's because Congress is likely to act on a number of issues during the Lame Duck session—between Thanksgiving and Christmas. Credit unions are urged to take part in our fly-in to D.C. Nov. 27-28 and activate other grassroots activity to ensure we bring needed credit to small businesses. FULL STORY

Elections yield few big changes in government
With the exception of 28 new faces in state government, many observers are describing the outcome of the recent elections as, "The more things change, the more they stay the same." FULL STORY

GAC is a must-attend event to protect members
The state Government Affairs Conference, Jan 22-23 in Madison, is a must-attend event. Not only will every credit union qualify for at least one of our registration deals or freebies, but also you'll hear from former Leaguer and Racine Mayor John Dickert (right), get post-election analysis from top Wisconsin political observers and dialog with newly elected legislators who may know little about financial institutions just as they begin work on our state budget—a process that is critical to safeguarding member protections. FULL STORY

New offices for DFI & state credit union regulator open Nov. 19
The Wisconsin Department of Financial Institutions—which houses the Office of Credit Unions—opens its new offices Monday, Nov. 19, on the 5th and 3rd floors in the Tommy G. Thompson Commerce Building, 201 W. Washington Avenue in downtown Madison. Be sure to note this change for future visits!

Compliance Compass: New Guidance on Skip-A-Pays
Skip-a-payment promotions—where credit unions let members skip a loan payment for a month, often at the holiday season—can be popular promotions. They sound simple, and members may appreciate a break from a monthly bill. However, credit unions must be aware of potentially complex compliance issues. League Legal Affairs Counsel Paul Guttormsson explains more. FULL STORY

Select Council advises CUNA Mutual Group on small/midsize CU needs
Credit unions are renowned for banding together to help one another. CUNA Mutual Group tapped into that strength by convening a council of 10 leaders of small and midsized credit unions across the country to share ideas and solutions. FULL STORY
Wisconsin, North Carolina leagues host Dominican fellows
Credit unions in Wisconsin and North Carolina have hosted Dominican Republic fellows through a World Council of Credit Unions (WOCCU) International Credit Union Leadership Program (ICULP) during the past few weeks. Many thanks to Summit, Dane County, Glacier Hills and Taylor CUs for their hospitality as program hosts! And don't forget, credit unions are invited to apply for a learning and sharing experience in the Dominican Republic, taking place in January. FULL STORY

FMLA Workshop helps you implement complex employment law
The state and federal Family and Medical Leave Act, taken together, are two of the most complex employment laws to implement on a practical basis. If your credit union has 50 or more employees or is approaching this threshold, don't miss this important workshop Dec. 4. FULL STORY

IRA Workshops add new twist: retirement fair
Whether you need basic training on Individual Retirement Accounts or something more advanced, The League has you covered with its IRA Essentials & Beyond Essentials Workshops, Feb. 12 & 13. This year, following the basic IRA training, The League invites participants to participate in a retirement fair—a new spin on the “reality fair” concept that aims to help workers identify the saving steps needed to achieve their retirement lifestyle goals. To register, contact Judy Phillips at (262) 408-6020.

Win up to $2,500 with the Ca$h Calendar
Last chance! Get your Ca$h Calendar raffle card 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

Review Policies for Re-ordering Debit Transactions
The practice of re-ordering debit transactions so the largest amount clears first has resulted in big-money lawsuit settlements by major banks. Smaller institutions may be next. And the Consumer Financial Protection Bureau is also investigating the practice. Credit unions should review their overdraft practices. and read guidance from The League and CUNA Mutual Group to be sure members are protected from excessive overdraft fees.

Claim your two free compliance webinars before year's end
Credit unions below $20 million in assets receive any two webinars free as part of The League's Keys to Compliance 2012 Webinar Series. Access archived sessions for up to six months. Contact Judy Phillips today!

Wisconsin credit unions offer holiday help for children
Altra Federal, Arcadia, Firefighters, Fort Community, Plus Wood, Southern Lakes and Superior Choice Credit Unions are selling holiday icons to raise funds for local Children's Miracle Network Hospitals. Order snowflakes, snowmen and footballs to join the effort. FULL STORY

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