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lOctober 2, 2009

RP3 off to a great start! Courses available Monday, Oct. 5
The REAL Progress & Pathways to Prosperity (RP3) is off to a great start with more than 1,500 participants who have already completed the RP3 Challenge Survey! By now all participants should have received their credit union’s weblink to access the RP3 Educated Investor site to take the Challenge Survey. If you have not, contact Jill Weber at (800) 242-0833. FULL STORY

WI Activists meet with lawmakers, new NCUA Board Chair at CU House
Forty-five Wisconsin credit union Activists made the trip to Washington, D.C., in late September to network with lawmakers and others important to the credit union movement as part of the annual Credit Union House event. FULL STORY

IRS does not appeal UBIT decision in Community First CU case
The IRS did not file an appeal in the Community First Credit Union case in which a jury decided in favor of the credit union’s argument that its insurance products did fall within the credit union’s main mission and, therefore, are not subject to unrelated-business income tax (UBIT). In July, a federal judge backed the favorable verdict for credit unions by rejecting the Department of Justice’s motion to overturn the verdict. FULL STORY

Learn how to make your media relations more effective at FREE training
Sick of sending out press releases and getting disappointing coverage in the local press? Learn how to make your credit union’s media relations more effective at The League’s FREE Media Relations Training. FULL STORY

"Higher-Priced Mortgage Loans" do pertain to you!
Most likely your credit union has some loans that are affected by changes to Regulation Z, which now designates some closed-end loans as “higher-priced mortgage loans.” This new designation, which took effect Oct.1, pertains to any closed-end mortgage loans that are secured by the borrower’s principal home (including home purchase loans, refinancing of loans and home equity loans) with an APR greater than the "average prime offer rate" on a comparable transaction by at least 1.5 percentage points or more for first lien loans or 3.5 percentage points or more for subordinate lien loans. Find out how this change affects your credit union by using the federal financial regulators’ online rate spread calculator located at www.ffiec.gov/ratespread/newcalc.aspx. Then contact The League’s Legal Affairs staff at (800) 242-0833, to ensure your credit union is in compliance immediately!

Don't do it! Before cutting marketing, consider what it may do to your CU!
A cautionary tale before your credit union does anything rash with its marketing budget:  marketing is often the first to get the proverbial ax by credit unions that are tightening their belts .  However, marketing is the one area that can help your credit union during rough times. By continuing to promote your credit union, you create product awareness and attract new members - efforts that take big steps backwards if they are out of the spotlight due to cuts. 

NCUF REAL Member Solutions Video Contest deadline nears
Credit unions have until Oct. 15 to submit their member testimonial videos to The League to qualify for the National Credit Union Foundation’s Member Testimonial Contest. Contest winners will receive national recognition and win a trip to Washington, D.C., for the member and a member of your credit union’s staff. Don’t miss your chance!

League honors long-time credit union staff and volunteers 
Join The League in honoring credit union staff and volunteers who have shown their long-term commitment to credit unions by dedicating more than 25 years to the movement. FULL STORY

Credit Union News


Learn about WI Jump$tart Coalition and reality simulation on Nov. 17
Credit unions are invited to attend the next Wisconsin Jump$tart Coalition Meeting, which will be held on Nov. 17 in conjunction with a teacher training program. The featured program explain how to involve teens in a financial reality simulation that can build real-world financial management skills. You'll learn how to structure an effective program in which young participants are given jobs, income, a family and debt and are asked to find housing, transportation, food, etc. while balancing a budget. The Jump$tart meeting and the training program will both be held at the Chula Vista Resort in Wisconsin Dells. Watch The League News for more details!

Is your website leading your members to outside financing? Your website may be steering members away from your credit union for vehicle financing if you have links to NADA or Kelly Blue book. FULL STORY

Fall Sale now through Nov. 30! Save on over 100 Self-study print courses for STAR, MERIT and VAP.  CUNA has also marked down FiCEP and RegTraC training. FULL STORY

Endorsed Vendors

The League’s Chad Helminak receives new title and responsibilities
Chad Helminak is now The League’s Web Producer & Media Relations Manager. With that he will take on more responsibility for maintaining The League’s website, as well as implementing technologies to enhance The League’s relationships with media, members and lawmakers. Congratulations Chad!

Don’t miss the 2010 NYIB Annual Conference – Add it to your budget now!
Don’t forget to include the National Youth Involvement Board Annual Conference in your 2010 education budget. This conference is not to be missed because each year it is packed full of professionals, experts and hot topics on reaching and serving today’s Gen Y youth market under the age of 25. Next year’s conference will take place July 26-29 at the St. Louis Renaissance Grand in St. Louis, MO. Hotel rates are currently blocked for $119/night and the conference price will remain the same as this year: $599 for conference only, or $749 for the conference and the pre-conference workshop.

The League’s Tara Koplien writes about WI CUs' successful card programs
Tara Koplien, The League’s Product and Service Manager, has written a three-part series on the success Wisconsin credit unions have achieved with credit card programs. The first article of the series was recently published on page two of the Card Services for Credit Unions News publication.

Don’t miss your chance to celebrate International Credit Union Month!
October marks International Credit Union Month and International Credit Union Day on Oct. 15. If your credit union has yet to make plans or if it doesn’t have the funds to hold a big celebration, use these low-cost tips to make your observation of the occasion special! FULL STORY

Win a chance to attend The League's 2010 Convention today!
Earn a chance to win one free registration to The League’s 2010 Annual Convention by contributing a photo that fits its theme: Main Street. The League is holding a photo contest to find the cover photo for its Annual Convention booklet. To participate, credit unions must submit a digital color photo (in .jpg format) that embodies their idea of Main Street to Linda Hale by Oct. 31. The photo does not need to have a credit union in it to qualify.

Late-breaking headlines

Questions or comments? Please contact League Member Communications Specialist Melissa Polley at (800) 242-0833, Ext. 6045

Email change? Please contact Judy Phillips at (800) 242-0833, Ext. 6020

League News is a publication of The Wisconsin Credit Union League © 2009

Wisconsin Credit Union League
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Phone: (262) 549-0200 or (800) 242-0833

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