Pewaukee, Wis. - The Wisconsin Credit Union League shared its 2017 report to delegates and named its Executive Committee for 2018 at The League’s 84th Annual Meeting in Green Bay.
Among The League’s 2017 achievements in the report:
- Protecting credit unions' tax status in the midst of the most comprehensive tax reform effort in decades and maintaining an independent state credit union regulator
- Passing 2 bills unanimously, which permit prize-linked savings accounts and to enhance in-school financial education. A third bill with unanimous support passed in April 2018.
- Supporting and offering improvements to OCU on its state member business lending (MBL) rule and updated Model Bylaws for state charters
- Facilitating 3,200+ contacts by Activists to lawmakers, and advocating on issues like business and mortgage lending, data security and exams
- 1,000+ visits of Activists with state and federal policymakers
- 1,200 hours of League lobbying and monitoring thousands of pages of legislative proposals
- Obtaining rebates for credit unions and staving off an insurance premium as NCUA closed its Corporate Stabilization Fund
- Fighting frivolous banker lawsuits against NCUA on field of membership and business lending
- Killing an arbitration rule limiting member choice for legal redress and halted an overtime rule that could have harmed staff.
- Pushing NCUA to ask the CFPB for a conditional exemption for credit unions with $10B+ in assets from onerous rules.
- Achieving an extended federal exam cycle for state-chartered and federal credit unions.
- Preserving small loans as part of CFPB rule making & defending credit unions’ use of the term “banking.” NCUA issued a legal opinion letter approving use of the term this month.
- Recovering $25 million for credit unions from Home Depot and suing Equifax, both for data breaches
- Launching theleague.coop/commUNITY - a free 2/47 networking platform exclusive to Wisconsin credit unions
- Credentialing 52 new Certified Credit Union Financial Counselors
- Convening the Wisconsin Innovation Group - an innovation process to help members. The second year group - now taking applications - is called WILD.
- Assisting with 2,000 compliance questions and a free online policy library.
- Maintaining 165 ii releases and 2,219 ii release web pages on compliance topics
- Filing 16 comment letters on regulatory proposals
- Continuing a staff-sharing program to help credit unions complete compliance tasks
- Performing BSA/OFAC, ACH, SAFE Act, and Loan Compliance reviews to satisfy requirements for supervision
- Helping more than 40 credit unions through consulting services, and facilitating more than 10 conduct board planning sessions
- Hosting 250 educational sessions benefiting 2,000 employees and volunteers and free access to compliance webinars for credit unions < $30M in assets
- Growing its YP Network to 714 young professionals at 85 credit unions
- Growing a Business Lending Council to help 89 business lenders from 24 credit unions and operating a limited liability company to facilitate business lending. The company helped 30 credit unions originate or participate in $60 million in member business loans.
- Expanding an HR Council from 28 to 47 for learning, networking and sharing
- Providing access to $28,000 in Foundation grants and $12,000 in scholarships
(L to R, front row): Anthony Klockow, Val Mindak, Lora Benrud and Jack Peplinski. (L to R, back row): non-voting YP Advisor Lindsay Pelletier; Anita Rauch, non-voting YP advisor Janelle Black, Nick Kessenich, Tracie Wills, Jennifer Schilling, and Kevin Ralofsky.
The League Board's newly-elected Executive Committee members are:
- Chair: Val Mindak - Park City Credit Union, Merrill
- Vice Chair: Lora Benrud - WESTconsin Credit Union, Menomonie
- Secretary: Jack Peplinski - Altra Federal Credit Union, Onalaska
- Treasurer: Tony Klockow - Kohler Credit Union, Kohler
Beginning three-year terms on The League Board are:
- Tracie Wills - M.E. Employees Credit Union, Wausau
- Nick Kessenich - Members First Credit Union, Madison
- Val Mindak
- Lora Benrud
They were elected this spring.
They join League Directors:
- Jennifer Schilling – Empower Credit Union, West Allis
- Kevin Ralofsky - Verve, A Credit Union, Oshkosh
- Anita Rauch - Heritage Credit Union, Madison
And (non-voting) YP Advisors to the League Board:
- Janelle Black - Governmental Employees Credit Union
- Lindsay Pelletier - Sheboygan Area Credit Union
Commendation for departing director
Delegates to The League’s annual meeting commended Kim Youngblood of FOCUS Credit Union in Wauwatosa, who completed service on The League Board. She was a director since 2009 and served as League Chair since 2016. She also served as Vice Chair and Secretary. We thank her for her dedication to Wisconsin credit unions!
League Directors are elected by credit unions in their respective asset categories and geographic regions. They represent Wisconsin’s 130+ consumer-owned financial cooperatives, which have returned $2 billion to their account holders over the past decade. Learn more in the Scorecard.