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July 31, 2013

Bankers' website, tools attack CU tax status

Bankers are using a new website, social media campaign, and videos like this to mobilize grassroots contacts to Congress asking for the elimination of credit unions' corporate tax exemption. They're hoping they can outperform credit unions' own advocacy; ensure they don't by emailing Congress today and engaging your staff directors and members in the fight.

Grassroots lag in WI as bankers add tax attack tools
Wisconsin credit unions are using their homepages, Facebook, Twitter and other means to urge their members to contact Congress with the message, "Don't Tax My Credit Union!" And while we are a quarter of the way to our goal of 30,000 contacts to Congress, just THREE Wisconsin credit unions are responsible for HALF of that success. And now, as hundreds of other advocacy groups vie for attention as part of federal tax reforms, the American Bankers Association has launched its own website and social media campaign to eliminate credit unions' tax exemption. FULL STORY

League committees named, help League help credit unions
More than 60 credit union professionals from around the state have been named to League committees or councils. These individuals provide feedback on what credit unions and their 2.4 million members need. FULL STORY

Communicate your value via community involvement
One of the many ways credit unions showcase their tremendous value is through involvement in their communities. Our movement's nationwide plan for growth, Unite for Good, cites community involvement strategies among the many steps credit unions can take toward creating awareness about why they should be consumers' preferred financial partner. That's become more important as our movement fights to preserve credit unions' tax exemption. FULL STORY

What are your strengths as a leader? Find out at Boot Camp!
The agenda is set for The League's Aug. 7 Boot Camp for Young Professionals (ages 35 and younger), in Wausau and the focus is leadership. Take the test, led by Connexus Credit Union CEO Dave Christensen, to learn how your abilities call you to serve the credit union movement. Then, Holly Fearing of CUNA Mutual Group and the Willy Street Co-op and CUNA Chair Pat Wesenberg explain the need for young leaders to act and how your input will shape the financial services landscape for Wisconsin's 2.4 million credit union members. Only 9 seats remain. Register by noon, Aug. 1!

Leadership Workshop: gain skills used in world peace agreements
If you're a leader looking for techniques to solve problems, motivate, improve relationships and get work done more effectively, don't miss this rare opportunity Sept. 26 to learn from a globally acclaimed leadership guru. Andy Janning, whose communication model earned three nominations for a Nobel Peace Prize, pioneered techniques that have been used to broker peace agreements between warring nations. They've also led to the coining of the phrase "win-win solution" and inspired a full episode of the TV series "Everybody Loves Raymond." Janning is no stranger to credit unions, having helped one add $700 million in assets in 10 years. FULL STORY
...because unity is key to our tax fight!
The Credit Union National Association read the early warning signs that Congress might challenge credit unions' tax status, and quickly rallied leagues and credit unions nationwide to advocate that it be protected as part of federal tax reforms. In this second quarter update on our movement's shared accomplishments, the importance of this unity during our grassroots push is evident in the numbers. FULL STORY

Register to access redesigned brass|STUDENT PROGRAM materials
With changes being made to the distribution model of the brass|STUDENT PROGRAM for the 2013-2014 school year, credit unions are encouraged to check out the newly-redesigned resource center for credit unions (view screen shot). Credit unions should email Chad Helminak to receive a personalized log-in for the website, which contains a list of schools receiving brass materials and sample communications to use when working with teachers, students and CU employees to help them maximize this financial education program and the new sponsorship opportunities that are available to your credit union.

Network and learn at The League's fall Roundtables
Some of the most useful information is gleaned from casual conversation with peers. That's why The League's annual Roundtables, which offer the latest knowledge from top presenters and a chance to talk with peers about practical issues, are some of our best-attended events. Register now for our in-demand Compliance Roundtable, any of three CEO Roundtables based on CU asset size, our Mortgage Lending Roundtable, and our Innovators in Outreach Roundtable that addresses CU growth opportunities. FULL STORY

From Red to Black: boost your credit unions' bottom line with good planning
In this edition of his column, The League's Senior Consultant Bill Rockeman shares tips to help you plan, budget, engage members to boost income, tackle compliance workload, prepare for exams and more. FULL STORY

Compliance Compass: garnishment rules have changed
Federal rules have changed what credit unions must do when they get a garnishment order—including a government agency's levy—against a member who receives certain federal benefit payments by direct deposit. League Legal Affairs Counsel Paul Guttormsson (left) urges you to review this Compliance Courier for details and participate in a "Keys to Compliance" webinar on garnishments Aug. 13.
Deadline extended to participate in The League's annual Salary Survey
Technical problems that prevented credit unions from accessing The League's annual Salary & Compensation Survey have been corrected. But because of this glitch, we've extended the deadline and urge all Wisconsin credit unions to share their input by Aug. 19. The survey yields the most comprehensive data on how credit unions are structuring their pay and benefits to remain competitive. FULL STORY

International CU Day is Oct. 17; celebration materials now available
On October 17, credit unions worldwide will celebrate International Credit Union Day with the theme "Credit Unions Unite for Good." Follow ICU Day on Facebook. Apparel, posters and other items, including some under $1 each, to help you promote the observance and decorate are now available online. Order by Aug. 30 for a chance to win free shipping and save up to 10% by ordering by Sept. 13. The World Council of Credit Unions will soon be updating its sample communication materials to mark the observance.

Guard member HELOCs from bogus funds transfer
Credit unions were a favorite target of "the king of home equity fraud" during the HELOC boom. Our industry still needs to guard against sophisticated funds transfer schemes that often hinge on employees giving too much information to callers impersonating members. CUNA Mutual Group explains more, and check The League's Compliance Topics A to Z pages on "Identity Theft" and "Wire Transfers."

Welcome three of the newest League employees
Please join us in extending a warm welcome to the newest members of our team! FULL STORY

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