Resources for CU Board Member
Listed below are events, tools, and resources to help CU Board Members.
Expanding in size and strengthening yet again, violent Hurricane Florence is on a beeline toward the East Coast as an “extremely dangerous” Category 4 hurricane. Catastrophic flooding and destructive winds are becoming very likely in the eastern Carolinas north of Charleston, where hurricane warnings were issued late Tuesday. Be prepared - download Business Continuity and Disaster Recovery Planning, a white paper from CUNA Mutual which outlines procedures and guidelines your credit union could follow in developing its own business continuity plan.
The Cooperative Credit Union Association (CCUA) honors those leaders who have hit major milestones of service in the credit union system, and is reaching out to management at member credit unions to ask that they share the names of those individuals who have been volunteers or employees of the credit union for more than twenty years.
Stop anyone on the street today and ask him or her what a credit union is. Chances are, most respondents won't know. To help you explain what your credit union is, what it does and why, CCUA is happy to provide our members with this terrific little book entitled, "15 Reasons Why You Should Only Bank at a Credit Union."
Bank Secrecy Act and OFAC requirements continue to challenge credit unions of all sizes. As we have come to learn, examiner expectations vary from institution to institution depending on the level of risk—risks including who you serve, and where and how you serve your membership. Join Bill Nagle, SVP, Professional Development, CCUA, on November 8 for an all-day program devoted to BSA.
The Association appreciates your continued advocacy on behalf of your credit union, and credit unions everywhere, and hope that you enjoyed the events. Your feedback about the 2018 Hike-the-Hill will help us to plan for future events. Please take a few minutes to complete a brief survey by Monday, July 16.
Hosted by the Cooperative Credit Union Association (CCUA) and the MD|DC Credit Union Association, the ever-popular Volunteer Leadership Conference brings together credit union volunteers, committee members and key staff from Delaware, DC, Maryland, and surrounding states for a unique networking and educational experience. It will take place November 16-18 at the Clarion Hotel in Ocean City, MD.
The Association is in the process of finalizing member comments to the New Hampshire Banking Department on its proposed 2019 state legislative filings. A member-only call is scheduled to determine final consensus on the proposed bills as well as to discuss next steps.
With a deadline of August 10, 2018, credit union supporters are encouraged to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation (the Foundation). Winners will be honored at the Foundation’s annual awards and fundraising gala on March 11, 2019 in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.
Most members typically have similar financial needs across their financial lives: cash management; credit and loans; asset accumulation, future income generation, insurance, and leaving a legacy for future generations. CUNA Brokerage Services, Inc. (CBSI) works with credit unions to address their members’ financial needs for their retirement years through a blueprint for success.
The Association is collecting and finalizing member comments on proposed state legislative filings for the coming legislative session. Member-only calls are scheduled to discuss proposed bills and additional potential areas to be addressed legislatively, as well as discuss next steps.
NCUA Chairman Mark McWatters is among the all-star lineup of speakers to enlighten, inform and provide thought-provoking content at the Cooperative Credit Union Association's 2018 Annual Meeting and Convention next month.
The Association and Liberty Bay Credit Union hosted a Credit Union Coffee event featuring Massachusetts Congressman Stephen Lynch at their Hingham office. The meeting provided an opportunity to receive up to date information on congressional activities and to advance the Association’s local advocacy priorities, including CU Senior Safeguard, data breaches and the housing finance marketplace.
AI, automation, analytics and accounting, as well as job-hopping, are triggering massive changes in the corporate finance’s role. So say millennials currently working in the field according to a new study.
Align Credit Union has developed a new children’s book to help teach the basics of financial literacy to children ages three to five years old. The book entitled “A Savings Account Saves the Day” follows James and his best friend Pearl on their adventures to keep their money safe after James’ piggy bank breaks. The book was written by Align’s #NextGen group and illustrated by Robert E. Bradley, a Framingham State University senior who will be receiving his bachelor’s degree in Studio Art with a concentration in Illustration in May 2019.
Alloya Corporate FCU Offers Scholarship to CCUA’s Annual Meeting, Convention & Trade Show in October
Alloya Corporate FCU is accepting applications for the 2018 Christine M. Gross (CMG) Scholarship*. This valuable benefit of membership will allow an individual from a capitalized member credit union under $100 million in assets to attend the Cooperative Credit Union Association’s Annual Meeting, Convention & Trade Show at the Mohegan Sun Resort & Casino in Connecticut by covering registration fees, hotel accommodations and travel expenses. The deadline to apply is September 12.
American Express Co. and Amazon.com Inc. announced the launch of the Amazon Business American Express Card for small businesses in the U.S.
There’s still time to register for the Cooperative Credit Union Association, Inc.’s 2018 Annual Meeting and Convention. This annual event, returning to Mohegan Sun from October 10 -12, promises to be content rich, dynamic and timely with what will be an outstanding group of industry experts, professionals and regulators providing thought-provoking concepts, unique insights and valuable data in more than 24 education sessions designed for credit union volunteers and staff.
The National Credit Union Administration Board met for its scheduled September meeting yesterday. Agenda items included the issuance of a proposed rule on appraisals and the quarterly update on the Share Insurance Fund.
The Association has submitted comments to the National Credit Union Administration in response to its proposed supplemental rule on Risk-Based Capital (RBC). Responses to the Association’s risk-based capital survey provided the basis for comments to the agency.
The Association has submitted comments to the Massachusetts Division of Banks and Loan Agencies (“Division”) in response to proposed amendments to 209 CMR 50.00: Parity with Federal Credit Unions. The Association’s written comments supplemented oral testimony provided to the Division at the public hearing held on September 13th.