Posted April 15th, 2015 No Comments
Turn Your Succession Plan into a Succession Strategy

Turn your succession

Did you see the statistics presented by CUNA that tell us more than 50% of credit union CEOs are eligible to retire in the next 10 years?* Is your credit union sufficiently prepared to retain (or recruit) your CEO’s successor, to help in continuing to meet your strategic objectives? With C-suite executives being actively recruited every day, a succession plan typically isn’t enough. You need a succession “strategy”; one that will prevent disruption of meeting your strategic and financial goals through continuity of decision making.  {Read The Full Article}

Posted April 15th, 2015 No Comments
Transportation Network Companies (TNC) Bill Gains Traction in State Legislature

Numerous state legislatures across the country are either considering or have considered bills regulating transportation network companies. The Nebraska Unicameral is no different. Legislative Bill 629, introduced by State Senator Heath Mello, seeks to establish a comprehensive framework for the Public Service Commission to regulate companies like Lyft and Uber; commonly referred to as transportation network companies. {Read The Full Article}

Posted April 15th, 2015 No Comments
Mary Johnson inducted into Hall of Leaders

mary johnson

Omaha Police FCU’s Mary Johnson, President/CEO, was inducted into the Credit Union House’s Hall of Leaders in Washington D.C. on March 9, 2015.  The Hall of Leaders is reserved for those credit union advocates whose commitment has made a significant impact on the credit union movement at the local, state, and federal level.  Inductees have shown commitment that inspires others in the credit union movement.  Johnson joins three other Nebraskans who were previously inducted: Hall Allen, Volunteer, University of Nebraska FCU; Jim Cada, Volunteer, Peoples Choice FCU; and Ken Bradshaw, former President/CEO, Liberty First CU.

{Read The Full Article}

Posted April 15th, 2015 No Comments
Good News from AFG 2015

afg

Value and Simplicity with a Vehicle Financing Program

According to Experian’s State of the Automotive Finance webinar, roughly 30% of all new car purchases used some form of residual based financing.  Your members look toyou for the best rates on conventional loans, but have been forced to captives and your competitors for alternative low payment financing…until now. Here’s the good news!  Auto Financial Group’s (AFG’s) Balloon Lending program positions your credit union to recapture those member loans currently being lost to competitive low payment financing options.

AFG offers an intelligent solution by providing user-friendly, customized web-based software designed to make it easy for your credit union to offer low payment financing to your members! {Read The Full Article}

Posted April 15th, 2015 No Comments
Register for Annual Meeting & Convention!!

register

We’re Making a Splash – Together!!  Annual Meeting and Convention will be June 4-6 in Kansas City, jointly with the Kansas Credit Union Association.  Registration is now available online.  Please visit the Annual Meeting page under League Initiatives.

Posted April 15th, 2015 No Comments
CUNA has Major Concerns with NCUA White Paper 

Last week, NCUA released a NCUSIF Improvements White Paper suggesting changes to the operation and structure of the NCUSIF. The paper recommends legislation that would make the following changes: 

Allow the agency to levy premiums sufficient to increase the equity ratio of the fund far beyond current limits. The white paper suggests the NCUSIF needs an equity ratio of “at least 2%,” compared to the current operating range of 1.2% to 1.3%;

Base assessments on the sum of all shares and deposits and liabilities, not just insured shares; and

Allow risk-based premiums.

{Read The Full Article}

Posted April 15th, 2015 No Comments
New Biz Kid$ “Did You Know?” YouTube Videos Highlight Resources for CUs – Tools Enhance Youth Financial Literacy Efforts

Madison, Wis. – The National Credit Union Foundation (the Foundation) has released 10 short “Did You Know?” video clips to help credit unions learn about the many resources the Biz Kid$ website has to offer.

biz1

{Read The Full Article}

Posted April 15th, 2015 No Comments
Capitol Club Classic – May 14th

Capitol Club Classic

FORE!!  It’s time to register for the Capitol Club Classic golf outing on May 14th.  Come out and support the CIF, while enjoying a round at beautiful Woodland Hills in Eagle, Nebraska.  Click HERE to get signed up.  We’ll see you on the links!  Download the brochure.

Posted April 15th, 2015 No Comments
Two Lincoln Nebraska Credit Unions Announce Merger Plan

LincOne Peoples Choice Press Release

 

LINCONE Federal Credit Union’s branch location at 5705 S 86th Drive, Lincoln, NE 68526.

 

Lincoln, NE – LINCONE & Peoples Choice Federal Credit Unions have announced plans to merge to create a larger, stronger credit union that will benefit the community with a more diversified membership, expanded choices in financial products and services, improved convenience and a greater asset base that can lead to operational efficiencies.  {Read The Full Article}

Posted April 14th, 2015 No Comments
CUNA joins class action suit against Home Depot

Washington, DC (April 15, 2015) – The Credit Union National Association (CUNA) has agreed to join credit unions and other financial institutions nationwide as a plaintiff in a class action lawsuit against The Home Depot following the merchant’s massive data breach in September 2014.

“Credit union members need a solution to the problem of merchant data breaches,” said Jim Nussle, President and CEO of CUNA. “Credit unions around the country have been dealt a huge blow by merchant data breaches and CUNA expended significant resources and has been diligently working with its credit union members to address and respond to the Home Depot data breach.  CUNA did not make the decision to join the lawsuit lightly; we stand with our credit union members and believe consumers must be protected from merchant negligence. Home Depot continues to operate using the inferior systems and procedures that gave rise to the breach and it is unacceptable.”

CUNA has been heavily involved in the issue of merchant data breaches by corresponding and meeting with federal lawmakers and their staff and will continue all efforts to ensure any and all data security-related bills afford credit union members with the greatest protection possible. CUNA studies show that the Home Depot data breach alone cost credit unions and their members tens of millions of dollars and the merchant has acknowledged that 56 million credit and debit card were compromised in the breach.

CUNA joins a number of credit unions and other financial institutions as plaintiffs on this case.

Posted April 14th, 2015 No Comments
We CUSO…Do You?

KS Corp

Credit unions know what their members need and as such, they work to deliver it. Could you internally develop each and every service your members demand? Probably. Would it cost you an arm and a leg? You betcha. Are there alternatives? Scads. Swimming around in the pool of potential partners are CUSOs, credit union service organizations. CUSOs typically evolve from a credit union identifying a strength within their organization that correlates to a need in the marketplace.

When choosing a partner to deliver the services your members demand, should supporting the credit union system factor into the decision-making process?  {Read The Full Article}

Posted March 18th, 2015 No Comments
SunCorp Members Vote “Yes” To Merger with Alloya Corporate

Westminster, Colo. and Warrenville, Ill. (February 19, 2015) — The members of System United Corporate Federal Credit Union (SunCorp) voted overwhelmingly in favor of the proposed merger with Alloya Corporate Federal Credit Union (Alloya). The effective date of the merger is February 28, 2015. {Read The Full Article}

Posted March 18th, 2015 No Comments
Nebraska Credit Unions Converge on Capitol Hill

CUNA-300x150

Nebraska credit union professionals joined nearly 5,000 of their colleagues from across the country in Washington DC for CUNA’s Governmental Affairs Conference (GAC) February 8th – 12th. Twenty-five credit union staff and volunteers representing nine Nebraska credit unions made the trip to the 2015 GAC. The GAC is the largest and premier credit union legislative event of the year.

{Read The Full Article}

Posted March 18th, 2015 No Comments
Centennial Lending – The Preferred Lending Partner

Cent logo color

 

Centennial Lending was established in 2000 as a Credit Union Service Organization to assist credit unions in achieving their commercial and mortgage lending needs. The company began serving credit unions in Nebraska in 2004 and partnered with the Nebraska Credit Union League in 2006. Centennial Lending currently works with 31 Nebraska credit unions.

{Read The Full Article}

Posted March 18th, 2015 No Comments
Card Services for Credit Unions (CSCU)

On March 9, 2015 CSCU announced in a letter to member credit unions, that they were going to cover the cost of the EMV/ Chip Enablement. CSCU communicated that they had negotiated an agreement with their processing partner FIS, whereby they would cover the entire cost of the EMV/Chip enablement. The press release further stated this would save their 2,300 member credit unions approximately $11.1 million. {Read The Full Article}

Posted March 18th, 2015 No Comments

CUNA Mutual Group Continues CU System Advocacy Efforts in 2015

As a partner in the credit union system, CUNA Mutual Group continues to be a strong and vocal advocate for credit unions and their members. We have a long and accomplished history in this area from H.R. 1151, to the IRS battles regarding the Unrelated Business Income Taxes, to the more recent “Don’t Tax My Credit Union” campaign.  As the 114th Congress begins its work, we will continue to play an active role with credit union trade associations in advancing the public policy agenda of credit unions. {Read The Full Article}

Posted March 17th, 2015 No Comments
SAVED & WON!!!!



On March 18th, two Nebraska credit union members were awarded $5,000 from the Nebraska “Save to Win” program. The Save To Win (STW) program first began in January of 2012 as a means to help credit union members save money while making it fun by awarding cash prizes. Since the program’s inception, more than 1,400 STW accounts have been opened by participating credit union members and they have saved more than $3 million. Gallup FCU member Jacquelyn Michals Oppegard and Omaha Police FCU member James Patterson were the lucky savers. {Read The Full Article}

Posted March 17th, 2015 No Comments

It’s not IF—It’s WHEN
Prepare Your Credit Union for Data Breach Aftermath

cuna

With the rise in highly publicized financial data breaches, the first question credit union directors and senior executives should ask themselves may not be how to prevent it from happening to their credit union. Given the most recent cyber-crime statistics (see sidebar), the more appropriate question to ask may be: “What are we going to do when it happens to us?” Not if, mind you, but when. {Read The Full Article}

Posted March 16th, 2015 No Comments
Two incumbents reclaim their position, Tingelhoff to join Board

The Nebraska Credit Union League Board of Directors had three seats up for election in 2015. Following the official call for candidates in January, one candidacy declaration was received for each open seat:

{Read The Full Article}

Posted March 15th, 2015 No Comments
INTECH Has the Tools, the Software, and the Service

LOGO Horizonal

The traditional core processing system is a thing of the past as we see it. Today’s core data processing is a combination of the standard back office core products and the digital front ends that touch your members’ lives every day.  {Read The Full Article}

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