Credit Union

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  • Internal Fraud Risks Rise

    CUNA Operations Sales & Service Council: Last 5 News Articles
    25 Apr 2012 | 12:00 am
    Vigilance and internal controls are the keys to thwarting internal fraud. And heightened vigilance is the watchword in a down economy, according to The RMA Journal, published by the Risk Management Association (RMA).

  • Tech Industry Hall of Shame: The Dumbest Moments in Tech History

    CUNA Technology Council: Last 5 News Articles
    14 May 2012 | 12:00 am
    We are surrounded by failure in the tech world, and some of those failures are big enough to sit in our memories for years.

  • Consumer credit-score knowledge improves, says CFA

    CUNA News Now Headlines
    15 May 2012 | 6:40 pm
    During the past year, consumers' knowledge about credit scores improved significantly, with more awareness about who collects information on which most scores are based, the importance of checking this information, what good scores are, how to raise them and what service providers use these scores, according to a new study.

  • Member Spotlight: Amy McGraw

    CUNA Marketing & Business Development Council: Last 5 News Articles
    14 May 2012 | 12:00 am
    Amy McGraw is vice president of marketing for Tropical Financial Credit Union in Miramar, Florida—although she has plenty of ties to her native Michigan.

  • Fed Releases Interchange Survey

    CUNA CFO Council: Last 5 News Articles
    14 May 2012 | 12:00 am
    The Federal Reserve's interchange study, as required by the Dodd-Frank Act, was released on May 1, 2012.
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    CUNA News Now Headlines

  • Consumer credit-score knowledge improves, says CFA

    15 May 2012 | 6:40 pm
    During the past year, consumers' knowledge about credit scores improved significantly, with more awareness about who collects information on which most scores are based, the importance of checking this information, what good scores are, how to raise them and what service providers use these scores, according to a new study.

  • WOCCU at IRS hearing: Adjust FATCA definitions

    15 May 2012 | 5:51 pm
    During a hearing convened by the Internal Revenue Service Tuesday, the World Council of Credit Unions urged the agency to consider changes to its proposed Foreign Account Tax Compliance Act regulations that would reduce undue regulatory burdens on credit unions in other countries.

  • Wall Street Journal spotlights CU's video-teller kiosks

    15 May 2012 | 5:26 pm
    Raleigh, N.C.-based Coastal FCU's newest technology--remote video teller kiosks--was in the national spotlight Tuesday in an article in The Wall Street Journal about the latest "gizmos" that enable financial institutions to let their members and customers do-it-themselves.

  • CUNA joint testimony seeks patent rule tweaks

    15 May 2012 | 4:58 pm
    CUNA and and other financial services groups are largely supportive of the U.S. Patent Office's proposed patent law changes, but the patent proposal could also use some additional tweaks, Eliot D. Williams of Baker Botts L.L.P., testifying on behalf of the Financial Services Roundtable, will tell members of the U.S. Congress today.

  • Ohio CUs have 24% hike in MBL originations

    15 May 2012 | 4:54 pm
    Ohio credit unions loaned out $133.2 million in member business lending originations during 2011, an increase of 27.3% from 2010's originations totaling $107.7 million, according to the Ohio Credit Union League.
 
 
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    CUNA CFO Council: Last 5 News Articles

  • Fed Releases Interchange Survey

    14 May 2012 | 12:00 am
    The Federal Reserve's interchange study, as required by the Dodd-Frank Act, was released on May 1, 2012.

  • Q&A with Emily Hollis

    8 May 2012 | 12:00 am
    What are Treasury Inflation-Protected Securities and can credit unions invest in them?

  • Credit Unions as Landlords May Increase

    30 Apr 2012 | 12:00 am
    Credit unions may find themselves increasingly playing the role of landlord, according to a recent Federal Reserve policy statement and a property management firm that serves credit unions.

  • Great Things from Ad Hoc Teams

    25 Apr 2012 | 12:00 am
    In today's decentralized business environment, much of the creative work in business—product development or marketing, for example—is done by ad hoc teams, often with the active assistance of outside consultants. These teams assemble to complete certain a

  • Core Banking Solutions for Small Banks: A North American Perspective

    23 Apr 2012 | 12:00 am
    Core banking is the central processing unit of a bank. Banks, with the help of software vendors, have found the opportunity to leverage multiple channels in order to deliver products and facilitate transactions.
 
 
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    CUNA Lending Council: Last 5 News Articles

  • The Right Loan Size? The “Medium” Market

    14 May 2012 | 12:00 am
    Many credit union members need financing for medium-ticket expenditures, and Kyle Kehoe believes credit unions can help these consumers, book a loan, and generate fee income, all at the same time.

  • Credit Unions as Landlords May Increase

    8 May 2012 | 12:00 am
    Credit unions may find themselves increasingly playing the role of landlord, according to a recent Federal Reserve policy statement and a property management firm that serves credit unions.

  • Navigating the Merger Lending Due Diligence Seas

    2 May 2012 | 12:00 am
    As merger activity continues to be a key growth strategy in the industry, a little foresight into early due diligence, merger planning and a post-merger activities can insure a successful integration for members and staff.

  • Loan Classification Causes Confusion

    30 Apr 2012 | 12:00 am
    Over the past several years, confusion has grown concerning acceptable and proper methods and techniques for credit union member business loan classification and risk ratings.

  • Smaller Lenders Could See Mortgage Opportunities

    25 Apr 2012 | 12:00 am
    The mortgage market is expected to change dramatically in the coming year as some of the largest banks cede loan-origination market share to regional banks and non-bank mortgage lenders.
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    CUNA Operations Sales & Service Council: Last 5 News Articles

  • Motivate Your Staff to Make Their Goals

    14 May 2012 | 12:00 am
    What do you do as a manager to stay focused and motivated and encourage and motivate your staff to make their goals without sounding like a broken record?

  • My Phishing Story

    8 May 2012 | 12:00 am
    How much should banking institutions rely on customer and member education as part of their efforts to thwart online fraud? It's the subject of ongoing debate.

  • MAP Releases Branch Best Practices Guide for Debit Card Programs

    30 Apr 2012 | 12:00 am
    Research shows that the Visa debit card is one of the most popular of all credit union products. Understanding how best to offer a debit card in the branch is a great opportunity to increase member activation and usage of their cards.

  • Internal Fraud Risks Rise

    25 Apr 2012 | 12:00 am
    Vigilance and internal controls are the keys to thwarting internal fraud. And heightened vigilance is the watchword in a down economy, according to The RMA Journal, published by the Risk Management Association (RMA).

  • Don’t Get Caught Being Incongruent

    23 Apr 2012 | 12:00 am
    Few things are more uncomfortable than finding yourself in a position where it has become clear that you are not walking your talk.
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    REAL Solutions - Home

  • Connecticut CUs Assist First Trinidad Reality Fair

    Christopher Morris
    15 May 2012 | 3:00 am
    From CUNA News Now – Representatives from the Connecticut International Partnership Committee of the Credit Union League of Connecticut learned that assisting youth with learning how to handle finances is universal, during a Financial Reality Fair April 30 in San Fernando, Trinidad. Recently designated Development Educator Michelle Wallace, finance manager with COPOS CU in Trinidad & Tobago (TT), chose to create the Financial Reality Fair as her project upon graduation from CaribDE (Development Educator). The Connecticut International Partnership Committee donated a reality fair…

  • Biz Kid$ to Launch on American Forces Network

    Christopher Morris
    2 May 2012 | 11:00 pm
    On June 8th, Biz Kid$ will premiere worldwide as new programming from the American Forces Network (AFN) on military bases overseas. Biz Kid$ is the Emmy Award winning and credit union funded public television series that teaches kids about money management and entrepreneurship. “Financial literacy has never been as important as it is now and it is critical that young people learn how to manage their money more now than ever before,” said Larry Marotta, Director, Television, AFN.  “We are thrilled to premiere BizKid$ on our AFNfamily channel in June and are grateful to the…

  • Iowa CU Foundation Helping CUs Offer Financial Education to Low-Income Families

    Christopher Morris
    11 Apr 2012 | 3:00 am
    The Iowa Credit Union Foundation (ICUF) has been working to build capacity within Iowa credit unions to implement financial education programs via training, technical assistance and one-time grants for financial education start-ups or expansions. The initiative was made possible by a Financial Education Grant from the National Credit Union Foundation (NCUF). “Financial education is key to building the financial assets of low-income populations,” said Marybeth Foster, ICUF Executive Director. “Our goal is to strengthen the capacity and build leadership in credit unions to deploy…

  • Illinois REAL Solutions Network has First Meeting of 2012

    Christopher Morris
    10 Apr 2012 | 3:00 am
    From CUNA News Now – Illinois REAL Solutions program partner credit unions attended their first in-person meeting of 2012 last week. They discussed attracting new members and eco-friendly loans, and compared popular prepaid cards. Jonthan Fuhrman, marketing consultant with CU Solutions Group, noted that Generation Y (ages 17-32) is a group most credit unions hope to attract as new members. The evolution of technology and this group’s lack of experience in managing money makes reaching Gen Y an interesting challenge, he said. He shared information on understanding Gen Yers, then…

  • Final Cycle of BEST Program Ongoing in NJ with Support from REAL Solutions

    Christopher Morris
    4 Apr 2012 | 3:00 am
    Over 54 million people and 19 percent of the United States population – or one out of every five Americans – have some type of disability and a large number of which are “unbanked” or “underbanked.” Credit unions in New Jersey are working to make a difference in this area with the Building Economic Strength Together (BEST) internship program. The BEST program is a collaborative project that provides internship opportunities for people with disabilities. The last cycle, Cycle VII, of the program is underway in New Jersey after being piloted two years ago in New Jersey. The…
 
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    WOCCU | News Releases

  • Adjust FATCA Definitions to Accommodate Credit Unions, World Council Urges

    15 May 2012 | 12:00 am
    Adjust FATCA Definitions to Accommodate Credit Unions, World Council UrgesGlobal trade group advocates regulatory relief during IRS hearing WASHINGTON, D.C. — World Council of Credit Unions testified today in a hearing convened by the U.S. Internal Revenue Service (IRS) to urge the agency to consider changes to its proposed Foreign Account Tax Compliance Act (FATCA) regulations that would reduce undue regulatory burdens on credit unions in other countries. Expanding the definition of "non-registering local banks" to include credit unions would help relieve the strain of unnecessary IRS…

  • World Council Program Provides Guatemalan Participants Practical Knowledge

    9 May 2012 | 12:00 am
    World Council Program Provides Guatemalan Participants Practical KnowledgeWorld Council Program Provides Guatemalan Participants Practical Knowledge Steven Stapp (left), president and CEO of San Francisco Federal Credit Union (SFFCU), welcomes Carlos Enrique Paredez to California, where Paradez participated in World Council's International Credit Union Leadership Program. SFFCU, which hosted Paradez, was one of eight California and Iowa credit unions hosting the 10 Guatemalan visitors in April. Read MoreContact: Joshua FettingOrganization: World Council of Credit UnionsE-mail:…

  • WYCUP Scholarship Program Agenda Announced

    8 May 2012 | 12:00 am
    WYCUP Scholarship Program Agenda AnnouncedScholarship Applications Accepted Through June 1  The WYCUP Class of 2011 meets in Glasgow, Scotland. Five nominees won all-expense-paid scholarships to attend this year's WYCUP session in Gdańsk, Poland. Read MoreContact: Mike MuckianOrganization: World Council of Credit UnionsE-mail: mmuckian@woccu.org

  • Bank Transfer Day Offers Lesson to Russian Credit Union Leaders

    2 May 2012 | 12:00 am
    Bank Transfer Day Offers Lesson to Russian Credit Union LeadersWorld Council Delegation Participates in Russian Forum Social media made a difference in helping the success of Bank Transfer Day, CUNA Executive Vice President and General Counsel Eric Richard (center) told participants at the recent Russian Credit Union League Forum. Joining Richard in St. Petersburg were (from left) World Council President and CEO Brian Branch, World Council Second Vice Chair and Louisiana Credit Union League President and CEO Anne Cochran, Richard, Russian Credit Union League Acting CEO Tatiana Ivashkina and…

  • World Council Urges Key Changes to Proposed FATCA Rules

    1 May 2012 | 12:00 am
    World Council Urges Key Changes to Proposed FATCA RulesProposed IRS Regulations Burdensome to Credit Unions WASHINGTON, D.C. — World Council of Credit Unions this week came out in opposition to some aspects of the United States Internal Revenues Service's proposed implementation of the Foreign Account Tax Compliance Act (FATCA). The proposed regulations, which would require many foreign financial institutions (FFIs), including credit unions, to register with the IRS for the purpose of detecting taxable account activity by U.S. citizens in foreign countries, would place unnecessary and…
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    Filene Research Institute Articles

  • Get in the Game: How Credit Unions Can Engage Members, Solve Problems, and Improve Skills with Game Thinking

    13 May 2012 | 11:00 pm
    Worldwide, three billion hours are spent playing video games each week. The five million “extreme” gamers in the United States play an average of 45 hours per week, more than the average worker spends earning a living. In contrast, consumers spend only 2.6 hours per month on financial planning and budgeting. Why? Games are fun, while personal finances are boring or overwhelming. Games are engaging; personal finances are simply unwelcome chores. Games help people escape reality; personal finances force an outright confrontation with it. As credit unions struggle to improve member financial…

  • Balancing Member Service with Organizational Efficiency

    8 May 2012 | 11:00 pm
    The credit union business model may not be as simple as others. But the profitability principle is the same: Cut your own costs, or gently charge more. This is the second in a four-part series that identifies and quantifies cost items at credit unions. The series does more than just identify the costs, however; it suggests measured approaches for minimizing costs by making informed decisions. The other briefs include treatment of item processing efficiency, branch staffing, and optimizing delivery channels. These reports provide specific cost metrics based on analysis from real credit unions…

  • Commercial Lending During the Crisis: Credit Unions Vs. Banks

    6 May 2012 | 11:00 pm
    At a time when the economy needs kindling from any corner, credit unions’ stable commercial lending history shows they may be a helpful source. This report, from David Smith, an economist at Pepperdine University’s Graziadio School of Business and Management, seeks to quantify the performance of credit union commercial lending at a time when credit unions seek to widen their access to the business lending market. If the economy needs as much kindling as possible, shouldn’t credit unions be able to help? Opponents of the loosened standards argue that increasing credit unions’ ability…

  • 2012 i3 Application

    30 Apr 2012 | 11:00 pm
    We are now accepting applications for the next group of i3ers. Do you have questions about the program? We’ve crafted a short description here and there. Click ‘more’ to start your application now. —-—-—-—-—-—-—-—-—-—-—-—-—-—-—-—-—— This application is comprised of 3 parts. 1. The general application This portion will take approximately 30 minutes General contact information 2 short essay questions 2 references (Name, Title, Company, Phone & Email required) $75…

  • Research Pilot: Wallet Allocation Rule

    23 Apr 2012 | 11:00 pm
    What factors influence the share of member deposits allocated with credit unions versus other financial institutions also used by credit union members? What member-level metrics should credit unions monitor to gauge their performance against competitors that will link strongly to members’ share of deposit allocations? Join Filene in piloting the Wallet Allocation Rule to find out. If you are ready to sign up for this pilot, click here to enter your information. Millions of Americans receive all or part of their financial services through credit unions, and consumer satisfaction with credit…
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    Current Issues in Credit Unions

  • Current Issues in Credit Unions #70.

    Faith Anderson, Brian Witt, Hal Scoggins, Guy Messick, Katherine Weber, Anthony Demangone, Robert Rutkowski
    1 May 2012 | 9:03 am
    Tammy Holtzmeier from CU Homepage interviews the CIiCU panel this month.  We wanted to do something special for our 70th show and we hope you enjoy it as much as we did. The CIiCU hosts are: Brian WittHal ScogginsFarleigh Wada Witt,Attorneys at Law121 SW Morrison Street, Suite 600Portland, Oregon 97204Telephone: 503-228-6044Fax: 503-228-1741http://www.fwwlaw.com Guy MessickMessick & Lauer P.C.211 North Olive StreetMedia, PA 19063 Telephone 610-891-9000Fax 610-891-9008http://www.cusolaw.com Faith AndersonAmerican Airlines Credit UnionP.O. Box 619001MD 2100DFW Airport,…

  • Current Issues in Credit Unions #69

    Faith Anderson, Brian Witt, Hal Scoggins, Guy Messick, Katherine Weber, Anthony Demangone, Robert Rutkowski
    9 Apr 2012 | 6:49 am
    Guy, Hal, Katherine & Rob bring you the following: –Trade Association Value –NCUA Board –Fraud prevention updates –CFPB report on FDCPA –FinCEN hijinx –Big K Roundup The CIiCU hosts are: Brian WittHal ScogginsFarleigh Wada Witt,Attorneys at Law121 SW Morrison Street, Suite 600Portland, Oregon 97204Telephone: 503-228-6044Fax: 503-228-1741http://www.fwwlaw.com Guy MessickMessick & Lauer P.C.211 North Olive StreetMedia, PA 19063 Telephone 610-891-9000Fax 610-891-9008http://www.cusolaw.com Faith AndersonAmerican Airlines Credit UnionP.O. Box…

  • CIiCU 68.

    Faith Anderson, Brian Witt, Hal Scoggins, Guy Messick, Katherine Weber, Anthony Demangone, Robert Rutkowski
    27 Feb 2012 | 9:31 am
    Brent Dixon joins Faith, Hal, Guy, Katherine and Rob for a lively discussion of the following: --Crasher Evolution.--NCUA/NC dispute.--Guy's scoop on the loan participation reg.--CFPB update.--Legalities of lobby music.--Big K Roundup. The CIiCU hosts are: Brian WittHal ScogginsFarleigh Wada Witt,Attorneys at Law121 SW Morrison Street, Suite 600Portland, Oregon 97204Telephone: 503-228-6044Fax: 503-228-1741http://www.fwwlaw.com Guy MessickMessick & Lauer P.C.211 North Olive StreetMedia, PA 19063 Telephone 610-891-9000Fax 610-891-9008http://www.cusolaw.com Faith AndersonAmerican…

  • CIiCU 67

    Faith Anderson, Brian Witt, Hal Scoggins, Guy Messick, Katherine Weber, Anthony Demangone, Robert Rutkowski
    29 Jan 2012 | 12:38 pm
    Guy, Hal, Katherine & Rob bring you this first show of 2012.  Here are the topics. --Wish list for the dream CU CEO.--How to write a comment letter.--Appointment of Richard Cordray.--TDR IRPS proposal--Proposed Loan Participation Reg.Big K Roundup. The CIiCU hosts are: Brian WittHal ScogginsFarleigh Wada Witt,Attorneys at Law121 SW Morrison Street, Suite 600Portland, Oregon 97204Telephone: 503-228-6044 Fax: 503-228-1741 begin_of_the_skype_highlighting 503-228-1741 end_of_the_skype_highlightinghttp://www.fwwlaw.com Guy MessickKatherine WeberMessick & Weber P.C.211 North Olive…

  • Current Issues in Credit Unions Episode 66.

    Faith Anderson, Brian Witt, Hal Scoggins, Guy Messick, Katherine Weber, Anthony Demangone, Robert Rutkowski
    30 Dec 2011 | 5:37 am
    Shari Storm helps Faith, Guy, Katherine & Rob finish out the year.  We discuss Shari's 23 Credit Union Truths and have a lot of fun.  We hope you enjoy it as much as we did.  Happy New Year! The CIiCU hosts are: Brian WittHal ScogginsFarleigh Wada Witt,Attorneys at Law121 SW Morrison Street, Suite 600Portland, Oregon 97204Telephone:              503-228-6044      Fax: 503-228-1741http://www.fwwlaw.com Guy MessickKatherine WeberMessick & Weber P.C.211 North Olive…
 
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    allCUnews

  • Ruud Receives Minnesota Family Involvement Council Scholarship at TopLine Federal Credit Union

    admin
    16 May 2012 | 9:11 am
    MAPLE GROVE, MN--(Marketwire - May 16, 2012) - TopLine Federal Credit Union is honored to announce that Austin Ruud won a $500 scholarship from the Minnesota Family Involvement Council (FIC). This year the FIC offered $12,000 in college scholarships to Minnesota credit union members. read more

  • 2012 British Columbia Economic Development Awards Winners

    admin
    15 May 2012 | 10:59 pm
    RICHMOND, BRITISH COLUMBIA--(Marketwire - May 15, 2012) - The Economic Development Association of BC (EDABC) and BC Hydro announced the winners of the 2012 BC Economic Development Awards at the BC Economic Summit Awards Banquet held Tuesday, May 15, in Richmond, BC. read more

  • Scholarships Offered to Students in Energy or Utility Industry Families and Programs

    admin
    15 May 2012 | 7:00 am
    Utilities Employees Credit Union recently announced its 2012 Student Scholarship Contest for students who are family members of workers in the energy or utility industries and students pursuing employment in energy-related fields. Wyomissing, PA (PRWEB) May 15, 2012 read more

  • Financial Industry Announces Guidelines for Mobile Payments in Canada

    admin
    14 May 2012 | 10:38 am
    TORONTO, ONTARIO--(Marketwire - May 14, 2012) - As Canadians continue to adopt mobile technology and as demand for mobile payments capability continues to grow, the banking industry and credit union system today announced a set of voluntary, secure, open guidelines for the development of mobile payments at point-of-sale in Canada. read more

  • Registration Continues for Tri-Oswego 2012 Triathlon

    admin
    11 May 2012 | 8:41 am
    OSWEGO, NY--(Marketwire - May 11, 2012) - Participants from throughout the US and Canada are preparing for the upcoming Tri-Oswego 2012 Triathlon, and registration for the event will continue until June 8th, according to Shane Broadwell, Tri-Oswego 2012 Triathlon Race Director. read more
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    That Credit Union Blog

  • Do Trade Associations Still Have Value for its Members?

    Nicole Kellner-Swick
    15 May 2012 | 12:35 pm
    By Andrew C. Voorhees, Attorney In a down economy, many businesses and financial institutions are forced to make difficult decisions to cuts costs and maintain profitability.  For credit unions, one of those difficult decisions is whether to continue to participate in local or national trade associations.  An examination of the value a trade association provides can determine whether it is a worthwhile expense. Trade associations can provide representative and other collective products and services to credit unions in their common interests.  In return for periodic dues and/or fees, trade…

  • Three Types of Failure

    Nicole Kellner-Swick
    10 May 2012 | 4:00 am
    By Shari Storm I’m writing this on the third day of the five-day CUES CEO Institute. It is the end of April and the Cornell campus is covered in snow. At any rate… Yesterday we spent a good deal of time discussing how executives can do a better job of learning from their failures. This has always been an interesting topic to me and I periodically re-read an article from the Harvard Business Review titled, “Teaching Smart People to How Learn”.  <http://www.amazon.com/Teaching-People-Harvard-Business-Classics/dp/1422126005> The main point of the article and from what we learned…

  • Pre-Dispute Arbitration Agreements are Valid and Must Be Upheld

    Nicole Kellner-Swick
    8 May 2012 | 11:28 am
    By Amanda R. Yurechko, Attorney While the Federal Arbitration Act encourages the use of an arbitration provision in a contract and encourages the use of arbitration as an inexpensive and relatively quick way to resolve disputes, much of the discussion surrounding the use of an arbitration agreement in a nursing home admission agreement is less favorable. Such agreements have been criticized as favoring the nursing home industry and asking elderly residents to give up rights they otherwise have, at a time in the life when they are most vulnerable. The Supreme Court issued a ruling this past…

  • Current Issues in Credit Unions #70.

    Rob Rutkowski
    1 May 2012 | 9:11 am
    Tammy Holtzmeier from CU Homepage interviews the CIiCU panel this month.  We wanted to do something special for our 70th show and we hope you enjoy it as much as we did.  Click here to listen. It’s hard to believe that we’ve been doing this for 6 years.  It continues to be a labor of love for us.

  • Best Practice in Bankruptcy Notices of Default

    Nicole Kellner-Swick
    27 Apr 2012 | 4:00 am
    By Monette W. Cope, Esq. The mortgage industry is under tremendous scrutiny from the Attorney General and the States’ Attorney Generals, as well as the new Consumer Financial Protection Bureau which just announced it will be drafting rules to regulate all servicers.  In response, most in the industry are stepping up and being more transparent in their communications with borrowers.  A lesser thought of, but important way to do this is in Notices of Default in Chapter 13 bankruptcies. In Chapter 13, motions for relief from stay are commonly resolved by a provisional order for relief. …
 
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    hopewellfederal07.wordpress.com

  • Smartphone users less smart about protection

    Hopewell Federal Credit Union
    14 May 2012 | 9:04 am
    Great information from CUNA News Now! News Now Smartphone users less smart about protection McLEAN, Va. (5/1/12)–One of four teenagers carries a smartphone. Many of these young users wind up broadcasting their whereabouts and other personal information to complete strangers, boosting the chances of becoming victims of identity theft (USAToday.com April 20). A smartphone is a minicomputer holding quantities of personal information that requires protection, just like computers and laptops. Yet users–including teens–aren’t taking simple, necessary steps to protect their…

  • IRAs and Hopewell Federal Credit Union: A winning formula

    Hopewell Federal Credit Union
    9 May 2012 | 10:10 am
    “Winning is never accidental. To win consistently, you must have a clear plan and intense motivation.” –Lou Holtz, legendary football coach Great advice, especially when it comes to retirement. A retirement plan and determination will take you where you want to go–traveling, golfing, or relaxing by a lake. Whatever you have in mind for your golden years, a Hopewell Federal Credit Union  individual retirement account (IRA) is a safe harbor for your retirement funds. There are more IRA types, and more maturity options than ever, so funds are available when you need…

  • Buy Local for Broad Impact

    Hopewell Federal Credit Union
    2 May 2012 | 1:52 pm
    In communities across the U.S., the buy-local movement is gaining momentum among consumers. Advocates say buying local appeals to people who like to have control in their lives and to speak through their purchases. They’re changing their communities, a dollar at a time. Studies show even small changes in shoppers’ habits can have a huge impact locally. For instance, a study conducted by Civic Economics in Grand Rapids, Mich., a few years ago showed shifting just 10% of shoppers’ spending from chains to locally owned businesses could create nearly $140 million in new economic activity…

  • What to Do With a Tax Refund

    Hopewell Federal Credit Union
    26 Apr 2012 | 7:54 am
    It’s tempting to blow your tax refund on an impromptu shopping spree or the latest tech gadget, but don’t drop those dollars just yet. Before you spend your refund, think about where that money would really be best used. Before you even think about splurging, put 50% of your tax refund toward paying off debt. Apply it to your mortgage principal, make a larger-than-usual monthly credit card payment, or pay off part of a student loan. Another option: Nail down any big-ticket items coming up. A tax return can provide a nice chunk of cash to pay for that expensive dental work you’ve been…

  • Streamline Your Finances—Automatically

    Hopewell Federal Credit Union
    18 Apr 2012 | 8:41 am
    Putting your money on auto-pilot saves time, money, and the environment. Step one is to find out if your employer offers direct deposit; most do. Signing up is usually as simple as taking a voided check to your human resources department. You’ll see your first paycheck appear automatically in your Hopewell Federal Credit Union account within a few weeks. Step two is to set up electronic payments. There are a few ways to do this, and you can use them all: * Authorize a biller to take money directly from your checking account. These ACH payments can take a bit of effort to stop, so use them…
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    ConverStations

  • Should Your Lists be Bullets or Numbered?

    Mike Sansone
    16 May 2012 | 5:00 am
    originally posted on Dialing8 Using lists in your content is a great way to gift readers by providing “eye rests” and making your content easier to read and share. Is there a difference between using bullets or numbers? Yes. Think of a numbered list as a step-by-step order and a bulleted list as unordered. In fact, these two types of lists are called “Ordered Lists” and “Unordered Lists”. An unordered list might include things you would pick up at the grocery store: Eggs Green Onions Bread Bell Pepper Orange Juice An ordered list might be the instructions…

  • Whistle Stops – 5/13/12

    Mike Sansone
    13 May 2012 | 9:53 am
    Whistle Stops are conversations, eye-openers, or tools representing the brain train discovered while traveling along the Conversphere.  From business to education, life hacks to giving back, these are the posts and links that have in some way grabbed my attention this week! The 6-Step SEO Audit Every Marketer Should Conduct via Hubspot 99% Conference 2012: Key Takeaways on Making Ideas Happen from Behance 26 Tips for Success With Location-Based Marketing from Social Media Examiner Why Small Business Have A Huge Advantage Over Brands In Social Media on SocialMouths 5 Creative Uses of…

  • Stepping Up

    Mike Sansone
    10 May 2012 | 6:41 am
    Maybe it’s no longer about Catching Up or Keeping Up – but about Stepping Up. Are you Up for change? Can't see the video in your RSS reader or email? Click Here! more here Stepping Up is a post from: ConverStations You just finished reading Stepping Up! Consider leaving a comment!Follow Mike Sansone on Twitter or Facebook or on Google+

  • Second Question: “How do you want it cooked?”

    Mike Sansone
    9 May 2012 | 4:52 am
    The server comes to our table and asks my breakfast companion what he would like. “Two Eggs, please,” he said. Guess the next question. If the question doesn’t get asked, what will the resulting breakfast be? Even though there’s over a dozen ways to cook eggs, we know what success will look like and taste like before we crack shells. Shouldn’t it be similar with social media? “I’ll have a Facebook with a side of Pinterest,” he thinks. There’s probably over a dozen ways to use Facebook and Pinterest together. What will success look like?

  • Preparing for Social Media: For Times When There is No Time

    Mike Sansone
    4 May 2012 | 5:50 am
    You will find there are times when there is no time for social media. Let’s hope so.  Hopefully, you’re busy on your core business: project work, client meetings, billing & invoicing, display merchandising, inventory – all that other stuff that is part of doing business successfully. I have one of those days today. Thankfully, with careful planning and preparation, I’ll get the things which need to be done – done. And I prepare for the social media stuff too. Using my RSS reader and Twitter list, I’ve scheduled a few tweets. I didn’t find a lot…
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    Verity - Home

  • Meet the Alderwood Ladies (and Jason)

    kirac
    11 May 2012 | 7:05 pm
    The Alderwood team is a small but close-knit group, with great longevity. Of the seven people assigned to the branch, five have been working together for more than 4 years. We read books together, we celebrate births and anniversaries together, and we even sometimes dance in the branch (we have some interesting music sometimes thanks to the satellite radio station). But as the northern-most Verity branch, many members never have a reason to come to Lynnwood to see us, so I thought I’d share a bit about each member of the AW team. Jason, regional operations manager (he’s the branch…

  • Verity in the Community

    vivianv
    10 May 2012 | 11:34 am
    Supporting community...corporate citizenship is alive and well at Verity! There are sooooo many good and worthy causes to support. We wish we could say "yes" to them all. Here are a few events that we recently supported: Instruments of Change-A benefit for the West Seattle Food Bank Pete Spalding, super star Indirect Lending Officer and West Seattle community humanitarian & advocate, and a few other Verity-ites, pose for a group photo. <center></center> Auburn Valley YMCA Healthy Kids Day Verity's Auburn branch was out in force in support of healthy kids. The annual event featured…

  • Everything is Interconnected

    SashaK
    9 May 2012 | 5:41 pm
    Have you ever worried about money? What about finding shelter, or food? There are many issues facing our local and global communities that prevent our communities from developing to their full potential. Recently I had an opportunity to participate in a poverty simulation as part of Credit Union Development Education training in Madison, WI. Though there have been times in my life that I’ve worried about money, postponing some bill payments in order to have enough money for rent or groceries, this simulation opened my eyes to the very real stress faced by 15% of the U.S. population. My…

  • How to Stop Global Warming

    LSimmons
    4 May 2012 | 10:00 am
    My 8 year old son after school: “Hey Mom, did you drive?”Me (bracing for the backlash): “No.”My Son: “Good, because I really care about stopping Global Warming.” Me: (Speechless) I often refer to my younger son as “my guru” because while one of the sweetest boys I know he is also one of the most persistent, particularly when insisting on his own way. Some days I would swear he was especially designed to push my buttons (if you have kids, you’ll know what I mean). One of our long-standing battles has been the l-o-n-g walk home from school. When he was “just” a younger…

  • You eat WHAT?!

    sterlingr
    30 Apr 2012 | 3:29 pm
    Like everyone else I have dislikes and many of them are considered delicacies in various countries. So let’s play a game: what are your favorite exotic foods that you think your friends would balk at touching? I grew up within the international community in Indonesia. I went to an international school, my parents socialized with friends living in Jakarta from all corners of the globe; life was good fun. What brings people together if not for good company, a good time, drinks and great food, right? I remember the potlucks my family would host at our house; all the people that would come over…
 
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    Credit Union and Mutual Law Blog from Langes+

  • GST — reduced input tax credits for credit unions reinstated despite rebranding

    David Jacobson
    8 May 2012 | 7:47 pm
    The 2012-2013 Commonwealth Budget papers contain an announcement that the Government will amend the GST law to restore access to a reduced input tax credit (RITC) for credit unions who rebrand as ‘banks’, with effect from 1 July 2011. This measure will reinstate the existing concession by allowing a RITC for acquisitions from an entity wholly owned by credit unions or rebranded credit unions by a credit union or rebranded credit union. The measure will apply to entities who were approved credit unions by the Australian Prudential Regulation Authority as at 1 July 2011 and subsequently…

  • APRA implementation of Basel III capital reforms

    David Jacobson
    1 Apr 2012 | 2:55 pm
    The Australian Prudential Regulation Authority (APRA) has released for consultation draft Prudential Standards and Response to Submissions paper outlining its proposed implementation of the Basel III capital reforms in Australia. The package consists of: Draft Prudential Standard APS 001 Definitions Draft Prudential Standard APS 110 Capital Adequacy Draft Prudential Standard APS 111 Capital Adequacy: Measurement of Capital Draft Prudential Standard APS 160 Capital Adequacy: Basel III Transitional Arrangements Draft Prudential Standard APS 222 Associations with Related Entities APRA’s…

  • APRA report on progress of remuneration requirements implementation

    admin
    21 Mar 2012 | 1:33 pm
    APRA has published the results of its review of APRA-regulated institutions’ progress on implementation of its prudential requirements in relation to remuneration. APRA’s comments include: all of the Boards it met with “had well-established Remuneration Committees, with reasonably clear and robust governance arrangements. In most cases, the Chair of the Board attended meetings (either as a full or ex-officio member)…it was also pleasing to see a strong linkage between the Remuneration Committee and the Board Risk Committee: the most common model observed was for there…

  • Credit card chargebacks

    David Jacobson
    13 Mar 2012 | 9:16 pm
    The Banking Code Compliance Monitoring Committee has release the final report of its Inquiry regarding credit card chargebacks. Under the Code of Banking Practice, banks are required to disclose certain information and follow certain procedures relating to credit card chargebacks. The Committee found that the banks received in excess of 90,000 chargeback requests in March 2011, the sample month. It identified the following areas of improvement: card holders were often given open ended timescales without an acknowledgement that a chargeback right may be lost if a referral is not made within a…

  • Effect of company tax reduction on medium credit unions

    admin
    13 Mar 2012 | 9:00 pm
    The Government’s proposed company tax reduction (see here) will have a flow on effect for medium credit unions, whose notional taxable income is between $50,000 and $150,000. The 45 per cent rate that applies to the taxable income of recognised medium credit unions reflects the current 30 per cent corporate tax rate. If the corporate tax rate is reduced to 29 per cent, the medium credit union rate will be reduced to 43.5 per cent. This reduction applies for the 2013-14 income year and for subsequent income years. However, if a recognised medium credit union is a small business entity,…
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    American 1 Credit Union's Blog

  • American 1 Sponsors Radio Contest for $2,500

    american1cu
    10 May 2012 | 7:03 am
    JACKSON, Mich. – The King Family was the big winner of Ann Arbor’s 107.1 Newest Listener contest on April 21st, 2012. They won a check for $2,500 presented by American 1 Credit Union. The contest was for families that had children at Saint Joseph Mercy Hospital. The King family called into the radio station to qualify after they had their daughter at Saint Joseph Mercy Hospital, and were chosen randomly on April 21st, 2012. They have two children and plan to use the money to start an education fund for both of their children. The Newest Listener Party, where all forty qualifying families…

  • Helping Our Community Fight Against Identity Theft

    american1cu
    7 May 2012 | 2:40 pm
    JACKSON, Mich. – On Saturday, April 18th at our Clinton Township Branch and on Saturday, May 5th, at our Home Office in Jackson, American 1 Credit Union held free community Shred Days.  Community members and small businesses were encouraged to bring confidential information to be shredded and recycled, and to help prevent identity theft.  We had several community members take advantage of this opportunity at both locations. Those who attended were able to enter in to a drawing for a personal shredder provided by American 1 Credit Union.  The winners of the drawings were June M., of…

  • Great Rates, Quality Products and Cash Back = The Best Way to Bank

    american1cu
    2 Apr 2012 | 7:54 am
    Rates as low as 1.99%* combined with quality insurance products AND an instant cash back bonus? That’s the American 1 way.  Not only do you have access to American 1’s auto loan expertise, we are here to educate you about how auto loan financing works when you do on the spot financing at the dealership. Cash back to our members – not the dealerships. Many banks, finance companies, and even credit unions will pay a dealership for your loan.  Not American 1. We want to give that cash back to our members.  That’s why when you finance a loan with American 1 in the month of…

  • Jackson Women’s Expo is back!

    american1cu
    20 Feb 2012 | 12:52 pm
    The 2012 Jackson Women’s Expo will take place on March 10 at the Middle School at Parkside from 10am-4pm. Over 130 different businesses and organizations will be featuring products and services that will educate about what is offered to women in Jackson and the surrounding areas. This free event is now offered only one time a year starting in 2012, so don’t miss this March’s event! The main drawing at the door is open to those who attend and are 18 years of age or older and showcases three beautiful pieces of jewelry from Gold Crown Jewelers in Jackson. Three lucky ladies will win ~…

  • American 1 gives away $1000

    american1cu
    6 Feb 2012 | 3:33 pm
    Julie Stevens accepts her check   Julie Stevens was the big winner in the American 1 Credit Union $1000 drawing for loan referrals. Julie was at a local branch when she heard about the drawing. She was entered just by talking to a member service specialist about saving money on an auto loan. Julie has been a member of American 1 for over 10 years and plans to use the money to pay her energy bills. Her favorite part of being a member of American 1 is the customer service that she receives.
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    CU Chat Up

  • Quick tips for credit unions from Brent Dixon

    Carla Day
    10 May 2012 | 1:06 am
    Brent Dixon, young adult advisor for Filene Research Institute, presented two sessions at the recent Illinois Credit Union League Annual Convention. The first was, "Attracting and Retaining Young Members"and the second was, "Design Thinking: A Human Centered Approach to Innovation." You may not have attended his sessions, but he provided a few quick takeaways. These are things that you can do at your credit union right away to make improvements for your members. Check out the other videos from the event, including a performance from The Disclosures and Mike Schenk's Economic Update.

  • Mike Schenk provides a quick economic update for credit unions

    Carla Day
    8 May 2012 | 11:39 am
    One of the highlights of many credit union conferences is the economic update session provided by one of the CUNA economists. I caught up with Mike Schenk, the vice president of economics and statistics for CUNA, at the Illinois Credit Union League Annual Convention recently to get a quick economic update.  For more information, check out the slides from his presentation, "The Economy and its Impact on Credit Unions." *Enjoy the background music that started during the interview. The party got started a little early.

  • The Disclosures teach the history of credit unions

    Carla Day
    7 May 2012 | 10:29 am
      Last week, The Disclosures (Christopher Morris and Chad Helminak) facilitated a session, "Credit Unions in the Key of Awesome" at the Illinois Credit Union League 82nd Annual Convention. It was a music-filled session that emphasized the history of credit unions and what makes them different from other financial institutions. Check out their performance of "Credit Union History (Fact)" from the session.

  • Live from the Illinois CU League Convention

    Carla Day
    27 Apr 2012 | 8:25 am
    The 82nd Annual Illinois Credit Union League Convention is taking place this week in Schaumburg, IL. Check out the liveblog with tweets from the events, including the keynote, panels, pictures and more! &lt;p&gt;&amp;amp;lt;a href="http://www.coveritlive.com/mobile.php/option=com_mobile/task=viewaltcast/altcast_code=d84b7738cb" &amp;amp;gt;ICUL Annual Convention&amp;amp;lt;/a&amp;amp;gt;&lt;/p&gt;

  • Are credit unions invisible?

    Carla Day
    26 Apr 2012 | 2:34 am
    While preparing for a few speaking engagements I have lined up, I decided that I should show a video or two to demonstrate the power of YouTube. So, I started thinking about videos that have stuck with me. Of course, the first video that came to mind was one of my favorites, Social Media Revolution. It has been updated since then, but I love the original music. I also love the RSA Animate videos. The first one I saw was about The Surprising Truth About What Motivates Us? It has stuck with me for years now. Somewhat on the same topic is the Piano Stairs experiment that I first saw during a…
 
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