Resources for Small CUs
Listed below are events, tools, and resources to help Small CUs.
Weekly Relative Value, by Tom Slefinger, Balance Sheet Solutions, takes a look the impact of world economics on your credit union's balance sheet. It is provided in partnership with Alloya Corporate Federal Credit Union. The views of the author do not necessarily reflect those of the Association.
Banks of all sizes are readying dry runs of their loan portfolios to gauge their performance under the current expected credit loss model, or CECL, which goes into effect in a little over a year. The exercise, commonly referred to as a parallel run, will show banks the gap in the allowance under the incurred approach and CECL. The parallel runs will also test banks' processes and controls around the allowance calculation and figure strongly into an institution's initial allowance disclosure.
Credit unions are involved in their communities in so many ways – and we want to share them all! In the weekly column, CU at Our Event, your credit union events are featured! Golf tournaments, fundraisers, member appreciation events – in your branch or in the community. Just provide us with the details about your event and we’ll post it every Thursday, until your event occurs.
Tom Slefinger, Balance Sheet Solutions, discusses the impact of excessive debt on future U.S. growth in this weekly column, in partnership with Alloya Corporate Federal Credit Union.
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.
With the holidays behind us, the dawn of the New Year is a good time to review your robbery prevention and incident reporting procedures. A well-trained and well-equipped staff is your best defense, but here are a few other things to keep in mind.
More than half of the American population purchased at least one prepaid card in 2017. If your credit union is not currently offering a gift or prepaid debit card, chances are that you’re missing out on a valuable form of revenue and an equally valuable opportunity to expand your member base and relevancy to your current members.
As the April filing deadline approaches, the Internal Revenue Service warned taxpayers to be alert to tax time phone scams where aggressive criminals pose as IRS agents in hopes of stealing money or personal information.
CUNA Chief Economist Mike Schenk spoke with USA Today recently for an article about credit unions being among the financial institutions that offer “holiday loans” to members. Such loans generally come with fixed interest rate and installment repayment plans and range from between $500 and $5,000.
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.
Attendees praise CUs for many reasons
Today’s Million Dollar Visit photos feature Cranston Municipal Employees Credit Union; Greenwood Credit Union; Navigant Credit Union; PGE Federal Credit Union; and Rhode Island Credit Union.
Last week, 15 Credit Unions of Rhode Island received a special “thank you” visit in honor of their participation in the Million Dollar Year of support for Special Olympics Rhode Island (SORI).
CO-OP Financial Services is donating $10,000 to CUAid, organized to help credit unions and their members in the Carolinas as they work to recover from Hurricane Florence.
The Dover Air Force Base is one of several military installations legislators say could lose millions of dollars in funding if the Pentagon is forced to divert funds to President Donald Trump's wall along the Mexican border.
Senator Tom Carper sat down recently with Delaware Business Times Publisher Rob Martinelli and Editor Peter Osborne for a wide-ranging interview.
The best and brightest credit union minds will converge on April 24th at the DCU Center in Worcester, Mass. for the FIRST Annual Credit Union Marketplace Experience - a business-to-business expo designed for exclusively for credit union executives and their staff.
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.
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.
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.
Bank Secrecy Act and OFAC requirements continue to challenge credit unions of all sizes. A BSA update will be held in the Association Office in the Newark, DE on April 16.
Join the Compliance Network on March 14th for our annual Compliance Hot Topic Review. CCUA is excited to welcome Glory Ledu, CEO of League InfoSight, for this half day program.
Join the Compliance Network on March 14 for our annual Compliance Hot Topic Review. CCUA is excited to welcome Glory Ledu, CEO of League InfoSight, for this half day program. Ledu will provide attendees with a review of the important compliance issues facing credit unions today and will look ahead to compliance topics of 2019.
The year 2019 is on track to be the worst year on record for data breaches, according to new numbers from cyber analytics firm Risk Based Security.
Credit Union Employees: Click HERE for Complimentary Registration.
Exhibitors & Sponsors: Click HERE for Information and Registration.
HUD has announced its new schedule of FHA loan limits for 2019, with limits increasing in most areas of the country, further detailed in Mortgagee Letter 18-11, effective for forward mortgage case numbers, and Mortgagee Letter 18-12, effective for Home Equity Conversion Mortgage (HECM) case numbers, assigned on or after January 1, 2019.
The Association has compiled a first-time GAC attendee checklist to help guide you through the busy event.
Hike-the-Hill: Sept. 18 & 19
Our annual Hike-the-Hill event held in Washington, DC and Alexandria, VA provides an opportunity to meet with policy makers and regulators.