Resources for Small CUs
Listed below are events, tools, and resources to help Small CUs.
Overcome Marketing Challenges with Candice Nigro at CCUA’s Annual Meeting & Convention; David Collins to Complete New Hampshire Update Team
Members and guests can register now for this annual event that 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. Speakers include: Candice Nigro, Max Wolff, Todd Romer, Mark Lynch, Ancin Cooley, Mary Mitchell Dunn, Christopher Pippett, David Collins, NCUA Chairman J. Mark McWatters, New Hampshire Banking Commissioner Gerald H. “Jerry” Little, and Terence A. McGinnis, Massachusetts Commissioner of Banks, among others.
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."
With a little help of a few Spanish-speaking and Portuguese-speaking credit union members, the Cooperative Credit Union Association is adding to its resource library of financial-literacy publications.
ATM Skimming attacks have occurred at alarming levels over the past year at many financial institutions, including credit unions in the New England area.
"Card-skimming" thieves use hidden devices to "skim" personal information like account numbers and PINs from debit and credit cards. Armed with this information, thieves can swiftly clean out accounts or make unauthorized purchases. In most cases, credit unions will be liable for these losses if the skimming occurs at one of their ATM locations or affects a credit union member.
The Cooperative Credit Union Association offering a 10% registration discount for the upcoming Millennial Summit at the Riverfront in Wilmington, Delaware. The Millennial Summit is a one-day experience designed to help connect young professionals, difference makers, rising stars, and other leaders who want to make an impact in Delaware and the Delaware Valley.
CCUA is committed to leveraging our cooperative power for your credit union. One way we do this is by exercising our purchasing power to provide reliable credit union solutions.
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 more small credit unions seek to expand via community charters to survive, one CU says a closed field of membership is exactly what’s behind its success, and what will carry it into the future. It’s a close relationship with its field of membership—Boston firefighters, Boston police and now Boston emergency medical services, Professional Firefighters of Massachusetts, Massachusetts State police, and Suffolk County Sherriff’s Department—that is bringing members to the credit union who then use it extensively, said it AVP of Operations Cathy Boucher.
CO-OP Financial Services is bringing strategic and tactical learnings to help credit unions on their digital transformation journey through single-day “Roadshow” events in Philadelphia, PA on October 2, and in Boston, Mass. on October 4, along with other events across the country.
Compliance is often cited as the greatest obstacle credit unions regularly face. As a CCUA member, you don't have to carry the compliance burden alone. Association staff is ready to assist.
MemberClose, a software program empowering credit unions to save on the time it takes and the money it costs to process all types of equity loans, is being credited by nearly 200 credit unions for giving them the ability during that time period to process more than 60,000 loans, accounting for more than $5-billion.
CCUA offers member credit unions the ability to provide their employees a cutting edge online training solution which promises to provide staff the opportunity to learn how to identify elder financial exploitation - just another benefit of CCUA membership!
Elder Financial Abuse is a growing epidemic in our country. Congress is considering legislation (the Senior Safe Act) that will require financial institutions to report suspected fraud, while offering an indemnification clause to protect reporting individuals and institutions from lawsuits.
The Association has committed to combat the epidemic by providing our credit unions' employees with the education and tools necessary to stay ahead of the curve. Our partnership with EverFi, a company specializing in interactive learning, and the Credit Union Senior Safeguard program will allow credit union employees to receive certification in elder financial abuse training to be in that ‘safe harbor’.
In the world of financial services, credit unions continue to provide a steady, reliable, community-based alternative, CUNA writes in its updated white paper on the credit union tax status, released recently. CUNA’s research finds that, in 2017 alone, the credit union system created $15 billion in financial benefits to members and non-members alike.
Maple Street, CU Connect partner, guarantees two things: first, that each of its client credit unions will pass vendor management exams; and second, that each will earn a positive ROI on its vendor management program.
Hit the Links and Celebrate the CUs of RI Million Dollar Milestone and 50th Anniversary for SORI on July 16
The Crestwood Country Club in Rehoboth, Mass., will play host to the Credit Unions of Rhode Island Charity Golf Tournament on Monday, July 16, with the proceeds benefitting Special Olympics Rhode Island (SORI).
Compliance Services that work for credit unions
Massachusetts Cannabis Commissioner Lays Out Framework for Banking Cannabis in Comprehensive Session
Recreational marijuana is coming to the Commonwealth in July, but is the burgeoning industry ready to be banked? That was the core question discussed yesterday as the Association hosted an engaging meeting with the Massachusetts Cannabis Control Commission, the Massachusetts Division of Banks, and member credit unions interested in cannabis banking.
Thanks to the efforts of the team at Mills42 FCU, 300 income tax returns were filed at no charge for low-income individuals and families. Mills42 Federal Credit Union was one of only three local organizations offering this assistance to the low-income community through the Volunteer Income Tax Assistance program (VITA).
New Hampshire credit unions will sponsor the upcoming State Society’s 16th Annual Educational Opportunity Fund Golf Tournament again this year. Association President/CEO Paul Gentile extends an open invitation to New Hampshire member credit union officials to participate in this worthwhile event
EPISODE ONE - Paul Gentile on CU Senior Safeguard
EPISODE THREE - Bill Nagle on Career Development
EPISODE FOUR - Advocacy at CCUA
As part of a financial commitment made by the Credit Unions of Rhode Island to the state's Lt Governor Dan McKee and to his new Entrepreneurship Challenge initiative, Ken Poyton, President/CEO of PGE Federal Credit Union, participated in a recording yesterday of the Lt. Governor's weekly cable TV show, Advance Rhode Island.
PSCU, a CCUA Strategic Business Partner, announced it has formed a new company and platform called Lumin Digital that will “redefine digital banking” for credit unions, PSCU explained that as a cloud-based digital banking platform, Lumin Digital provides members of PSCU’s credit unions with a “tightly integrated and customized experience that rivals the offerings available from the big banks.”
Small credit unions face a number of unique challenges. At CCUA, we support our small credit union members in a variety of ways, including a dedicated network, mentoring opportunities, public relations advice, and more.
A review of this week's news from the world of Compliance.
Scanning this week's compliance news
This week in compliance news...