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."
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.
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.
Want more millennials? Want more members? Want to become the primary financial institution? Your credit union needs to deliver on what today’s consumer expects: frictionless experiences, simplified digital journeys, and a value-based relationship.
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.
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.
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 Massachusetts Division of Banks and Loan Agencies held a public hearing yesterday on proposed amendments to 209 CMR 50:00: Parity with Federal Credit Unions. The Association was present at the hearing to testify on the proposed changes to the parity regulation.
Association’s Annual Business Meeting and Director Elections on October 12 at 2018 Annual Meeting & Convention
The upcoming annual Business Meeting and election of directors of the Cooperative Credit Union Association, Inc. will be held on Friday, October 12, 2018 in the Uncas Ballroom, Salon A, from 10:30 a.m. to 12:00 noon, at Mohegan Sun, Uncasville, CT. The purpose of the meeting is to elect the Association’s Board of Directors and to conduct other business.
Local roundtable discussions with the Federal Bureau of Consumer Financial Protection begin TODAY at 1:00 pm in Colchester, VT. The Bureau is travelling to New England for a dialogue with credit unions and seeks to obtain direct comments from the industry. These meetings provide convenient opportunities for credit union leaders to discuss issues of concern and to have questions answered and/or concerns addressed.
Association President/CEO Paul Gentile invites member credit unions to join him for a local roundtable discussion with the Federal Bureau of Consumer Financial Protection. Amongst the jurisdiction of the Bureau is the authority to write consumer financial protection regulations and issue guidance that affects credit unions and the financial services industry.
The Bureau is travelling to New England for a dialogue with credit unions and seeks to obtain direct comments from the industry. These meetings provide convenient opportunities for credit union leaders to discuss issues of concern and to have questions answered and/or concerns addressed.
Cheryl Lawson, EVP-Compliance Review, John M. Floyd & Associates provides some steps credit unions can take to maintain confidence that their overdraft solution is actually working in the best interest of their account holders.
The presence of strong Board leadership creates a sustainable advantage for a credit union. However, in the absence of Board leadership, a credit union will likely suffer financially, and ultimately hurt its members. Finding the right balance between Board and management leadership is essential to creating sustainable culture, reducing risk, and providing value to members. This year’s 2018 Annual Meeting and Convention, at Mohegan Sun in Uncasville, Connecticut offers credit union directors and boards the tools they need to ensure their credit unions thrive.
Brian Branch- President & CEO World Council of Credit Unions Among Speakers at Puerto Rico Credit Unions and Loan Participation Meeting
The Cooperative Credit Union Association (CCUA), in partnership with The World Council of Credit Unions (WOCCU), will present a program to assist credit union leaders in Puerto Rico understand and utilize loan participations to generate income and rebuild reserves on August 27 .
The CFPB is looking for about 40 organizations that are interested in using the Bureau's toolkit, "Your Money, Your Goals," and related materials to help build the financial well-being of the people they serve.
This season, CCUA's Better Values - Better Banking consumer awareness campaign aims to create a chorus of credit union voices echoing the value CU Senior Safeguard brings to the fight against elder financial abuse. And, CCUA wants to ensure that our members have the opportunity to include their voice in that symphony!
Cannabis Control Commission Execs on Tap to Shed Light on Cannabis Banking in Massachusetts at 2018 Annual Meeting & Convention
Projecting an economic impact of $35 billion in 2018 and $70 billion in 2021, both medical and recreational cannabis legalization presents a unique situation for the majority of states across America. Because legalization causes a dichotomy between federal and state laws, cash is in excess creating a dangerous, unbanked situation for credit union members and the communities credit unions serve. Navigating these issues can be a risk to credit unions. Plan now to attend the Cannabis Control Commission Update on October 11 during the CCUA’s 2018 Annual Meeting & Convention at Mohegan Sun in Uncasville, Connecticut.
On Monday, August 27, over 20 credit unions professionals representing credit unions, or ‘cooperativas’ in Puerto Rico met near CCUA headquarters in Marlborough to discuss specific issues of importance to credit unions and the credit union system in Puerto Rico.
Before making your way to Mohegan Sun and the CCUA’s upcoming Annual Meeting & Convention in five weeks, be sure to download the newest app designed to provide you with information on a wide assortment of activities, agenda, speakers, and trade show exhibitors. It's a must for anyone planning to navigate the upcoming convention and trade show.
Cooperative Credit Union Association announces their Fall 2018 Network Meeting schedule.
Preparations for the 2019 CUNA Governmental Affairs Conference are underway by the Cooperative Credit Union Association, Inc. As a convenient service for members of the Association at no cost, the Association has negotiated a room block for our CUNA GAC attendees.
CCUA member credit unions from New Jersey enjoyed a session on hot topics and trends in the credit union space on Tuesday. Speakers presented on current litigation seen in the industry, CECL, and cybersecurity.
Are you on the go and looking for easy access to credit union news, advocacy, the calendar of events, and our educational offerings at the Cooperative Credit Union Association?
As a benefit to our members, the Cooperative Credit Union Association is offering a complimentary webinar, “TALENT MANAGEMENT: Why is it Important to Credit Unions,” on October 4 at 10:00 am. Not just for the HR department, all managers and supervisors will benefit from the trends and ideas that this hour-long webinar will present.
CCUA to Honor Credit Union Volunteer and Staff Commitment to Cooperation at Oct’s Annual Meeting & Convention
CCUA 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 along with the current number of years they have been associated with the credit union, and their position/title.
CCUA President/CEO Paul Gentile, Ron Covey, president/CEO of St. Mary's Bank Credit Union, and Brian Hughes, president/CEO of Holy Rosary Credit Union hit the New Hampshire airwaves yesterday as guests on the Cail & Company Radio Show, broadcast on WTPL (107.7 FM) and WEMJ (107.3 FM) Radio. Elder financial abuse and CU Senior Safeguard were the focus of the discussion.