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."
Yesterday, the Massachusetts General Court completed its 190th session and the two-year legislative session came to a close in the Commonwealth. For approximately two hours, the final session on New Year’s Day addressed the last legislative proposal which was the subject of conference committees between the chambers: the regulation of flame retardants in certain household products. Other matters finalized this week included a supplemental budget bill, a significant number of sick leave banks and local bills.
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.
Under the federal Fair Labor Standards Act, nonexempt employees must be paid minimum wage. The federal minimum wage, or pay floor, remains at $7.25 per hour for non-tipped employees and $2.13 per hour for tipped employees. Under circumstances in which a state, city or county minimum wage rate is higher than the federal rate, employers are required to pay workers the higher amount.
Credit Union Employees: Click HERE for Complimentary Registration.
Exhibitors & Sponsors: Click HERE for Information and Registration.
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.
The Association has already launched its Massachusetts state legislative advocacy platform for the new session. Members are invited to dialogue on new legislative initiatives to be introduced for the 2019-2020 session. Compiling member suggestions is a top priority to ensure that Association filings incorporate local views, represent meaningful advocacy, and include an effective strategic direction. The 2019-2020 filing deadline is January 18, 2019.
To provide a forum for discussion, the Association will host a conference call on January 8 at 2:00 pm on pending proposals for the next session.
2019: In with the NEW- CU Marketplace Experience & Cooperative Advocate Featured on Latest CU Marketplace Experience Podcast
In the first episode of Credit Union Marketplace Experience Podcasts for 2019, Walt Laskos, CCUA Senior Vice President, Strategic Communications, discusses the Association’s new, one-day trade show event – CU Marketplace Experience, and the Cooperative Advocate - the Association’s official new quarterly magazine.
Three Democrats were sworn in to statewide offices on Tuesday, with Kathy McGuiness being inaugurated as auditor, Kathy Jennings taking the post of attorney general and Colleen Davis assuming the treasurer’s spot.
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.
As you close the books on 2018, it’s time to hit the restart button and look forward to the year ahead. Hopefully, part of that vision includes ways to more fully engage your account holders and help them embrace increased financial security.
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.