Resources for Small CUs
Listed below are events, tools, and resources to help Small CUs.
Weekly Relative Value: Work ‘Til You Drop
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 Gearing Up for CECL Practice Run- News from S&P Global Market Intelligence -
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.
CU at Our Event - 10.18.18
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.
CUES New England Council Annual Meeting/Conference Set for October 7-8
The Credit Union Executive Society’s (CUES) New England Council will hold its Annual Meeting/Conference on October 7-8, 2019 at the Mohegan Sun Resort & Casino in Uncasville CT.
House Financial Services Committee Hits Big Banks’ Lack of Diversity
The House Financial Services Committee said there is a lack of diversity among the nation's largest banks, despite the population being composed of 50% women and 40% minorities.
Member Networking Reception Will Tip Off GAC
The Cooperative Credit Union Association (CCUA) will usher in CUNA's Governmental Affairs Conference (GAC) on Sunday, February 23, with a members-only networking reception at Bobby Van's Grill in Washington, D.C., from 5-7 pm.
NCUA’s Fidelity Bonds Rule Effective Oct. 22
NCUA finalized changes to its fidelity bonds rule in July, and the changes go into effect Oct. 22. The Federal Credit Union Act requires that certain credit union employees and elected officials have fidelity bond coverage.
NH Federal Credit Union Delivers Hundreds of Donated Items to Local Nursing Homes From Successful “Santa for Seniors” Holiday Drive
Just before Christmas, local nursing homes accepted hundreds of needed items that were donated for residents. Donations were collected during Intown Concord's Midnight Merriment festivities, and more donations continued to come in to the NHFCU Lee Branch a week later.
Webcast: Mortgage Lending: Recent Final 2019 Numbers, Trends, Indicators & Impacts
Join Credit Union Times' Michael Ogden, editor-in-chief, and Jim DuPlessis, lending correspondent-at-large, as they explore the most recent final numbers of 2019, the latest trends in mortgage lending and what they mean for credit unions and members.
Weekly Relative Value - Trickle Up
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.
‘Significant Implications’ Arise with Looming Flood Insurance Deadline
The National Flood Insurance Program is again operating under a temporary authorization and the Congressional Research Service (CRS) is warning of the dire consequences if it allowed to lapse.
‘Bridging’ the Social Distance
In addition to disrupting credit unions’ daily operations and member service, the coronavirus pandemic has impacted their board and committee meetings.
‘Life-threatening’ Hurricane Florence Takes Aim at East Coast - Is Your Credit Union Prepared?
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.
‘SIM Swap’ Scam: Criminals Really Have Your Number
This scam, also known as port-out or SIM splitting fraud, allows criminals to hijack your cell phone number. Once they have your number, the bad guys can clean out your financial accounts, confiscate your email, delete your data and take over your social media profiles.
‘Tis (Still) the Season – For Vigilance Against Robbery!
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.
‘Tis the Season for Gift Cards from LSC – CU Connect Partner
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.
‘Tis the Season: IRS Warns Vigilance Against Phone Scams
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.
‘Tis the Season… for Holiday Loans - USA Today interviews CUNA’s Schenk on topic
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.
‘Transparency’ Key to Upcoming CU-Bank Purchase Reg: NCUA’s Hood
National Credit Union Administration Chairman Rodney Hood on Tuesday offered further insights into an upcoming proposal from the agency surrounding CU-bank purchases
‘Weak Spot’ Leads to Rash of New Attacks Against Gas Stations, Pumps
VISA says North American merchants that operate gas stations and gas pumps are facing a rash of attacks from cybercrime groups wanting to deploy point-of-sale malware on their networks.
“Commitment to Cooperation” Honors Dedicated Volunteers and Staff at Annual Meeting & Convention
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.
“Blackjack!” When Writing a Computer Program is Like Going to Vegas
Coding computer applications takes discipline, hard work and the ability to see how your contributions interact with the larger team.
“CU Difference” Celebrated at Middlesex & Worcester Senior Conference
Attendees praise CUs for many reasons
“Million Dollar” Thank You to Credit Unions of Rhode Island – Part 2
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.
“Million Dollar” Thank You to Credit Unions of Rhode Island – Part 3
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).
$10,000 Donated by CO-OP Financial Services to Hurricane Florence Relief
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.
$39 Million For Dover Air Force Base (DE) Could Be Diverted for Trump’s Border Wall
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.
$cholars and ¢ents: Credit Union Reality Fair for Massachusetts State House Interns
Nearly 70 high school, college, and graduate student interns participated in the 5th annual ‘Scholars and Cents’ program at the Massachusetts State House yesterday. ‘Scholars and Cents’ is the credit union-founded financial education program designed exclusively for State House staff by credit unions.
10 Questions with Delaware’s Sen. Tom Carper
Senator Tom Carper sat down recently with Delaware Business Times Publisher Rob Martinelli and Editor Peter Osborne for a wide-ranging interview.
10 Reasons to Attend the 2019 CU Marketplace Experience!
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.
IMPORTANT LINKS
SBA - PAYCHECK PROTECTION PROGRAM
Looking for assistance on how to become an SBA lender for PPP? Check out CCUA's resource center.