Posted November 13th, 2016 No Comments
Nussle Named as Top Association Lobbyist

nussle

CUNA President/CEO Jim Nussle is named top lobbyist for associations by The Hill. Nussle has appeared on The Hill‘s annual list naming the top lobbyists in Washington, D.C., for three consecutive years. {Read The Full Article}

Posted November 13th, 2016 No Comments
Invest in America Program Changes

Effective November 1, 2016, the DIRECTV and Allied Moving programs came to a close, and we are approaching CU Road Pal’s sunset on January 1, 2017.

Regarding the elimination of these programs, IIA is providing direction below to aid in the transition.   As these doors close, another is already opening. They are working with Sprint to develop a much more valuable proposition for both credit unions and members. Starting January 2017, they will launch the best Sprint Credit Union Member offer ever. For every new line activated, members will be eligible to receive $100 cash back with no limits — one line = $100, four lines = $400, 10 lines = $1,000! More information will be coming soon about this great, new offer! {Read The Full Article}

Posted November 13th, 2016 No Comments
The Credit Union Foundation of Nebraska is Here for You

Credit unions across Nebraska are improving their communities and empowering people of all ages to become financially independent. And, the Credit Union Foundation of Nebraska is with them every step of the way supporting them. {Read The Full Article}

Posted November 13th, 2016 No Comments
What’s the Difference Between CULAC, NCULPAC, NCULLAC?

You often hear these acronyms (CULAC, NCULPAC, NCULLAC) at credit union functions or read about them in publications like this one but just what are they?

In politics, candidates who are running for local, state, or federal office need primarily two things to get elected…money and votes.  A candidate needs money so that they can run an effective campaign that educates the voters on why they (voters) should elect him or her to represent the respective district.  There are federal laws that govern who can make contributions to federal candidates (those running for federal office ie: President, US Senate, US House) and how much can be contributed to one candidate by an individual or a political action committee (PAC).  Also, each state has its own laws that regulate who can give to local and state candidates and how much can be given in an election cycle. {Read The Full Article}

Posted November 13th, 2016 No Comments
Alloya Celebrates 5th Anniversary

Naperville, ILL, October 24, 2016 – Alloya Corporate FCU began its mission of providing exceptional service and value to its members on this date five years ago. On behalf of the 180 professionals at Alloya that work hard every day to support credit union success, we wanted to take this opportunity to thank our membership for their continued support. {Read The Full Article}

Posted November 13th, 2016 No Comments
New Labor Rules to Take Effect

As the year flashes by, credit unions will want to keep in mind the upcoming compliance dates for two labor rule changes.

The first date is December 1, 2016, which is the date the Department of Labor’s updated Overtime rule goes into effect.  The overtime rule updates the Fair Labor Standards with regards to exemptions from overtime pay for employees who meet the definition of “executives, administrative, and professionals.” To be exempt from the overtime requirements, these employees must meet certain requirements related to their primary job duty and be paid a salary at not less than the minimum amount specified in the regulation.  The regulation will increase the salary basis test for overtime eligibility for these positions from the current $455/week ($23,660/year) to $913/week ($47,476/year). {Read The Full Article}

Posted November 13th, 2016 No Comments
League Plans for the Future

In its exercise of their fiduciary care, the Boards of Directors of the Nebraska Credit Union League and Cooperative Solutions Group have embraced the practice of planning strategically.  Directors from both organizations devote a considerable amount of time and attention to strategic activities. {Read The Full Article}

Posted November 13th, 2016 No Comments
Extended Exam Cycle Could Begin in 2017

Well-managed, low-risk, federal credit unions with assets of less than $1 billion could move to an examination cycle beginning next year, pending approval by the NCUA Board.

The extended exam cycle is one of the recommendations the agency’s Exam Flexibility Initiative working group included in a report now available online. A comprehensive list of frequently asked questions and a summary of stakeholder comments are also available on the Exam Flexibility Initiative’s webpage: https://www.ncua.gov/About/Pages/open-government/exam-flexibility-initiative.aspx {Read The Full Article}

Posted November 13th, 2016 No Comments
CMN/CU4KIDS Reminders

SANTA
Santa Letter spreadsheets are due to Melissa, mmausbach@nebrcul.org, at the League office by November 18th.  Letters will be mailed out on December 2nd.
Ho Ho Ho
santa

{Read The Full Article}

Posted November 13th, 2016 No Comments
Clearing Up Cloud Myths

There has been a lot of talk about The Cloud lately, and much of it not accurate. As Xerex Bueno, CTO of CUProdigy writes, “When you ask 10 different people what the cloud is, you get 10 different answers.” The whole topic of the cloud leaves credit unions scratching their heads and saying “what the heck is The Cloud, anyway?”

So, what is the cloud, and why should your credit union consider it? To make it simple (because it can get very complex), the cloud is a tool that makes your credit union’s IT more secure, safe, efficient and organized. {Read The Full Article}

Posted November 13th, 2016 No Comments
Applying for Community Development Financial Institution Certification Becoming Easier

Low Income credit unions in Idaho who are eligible to be certified as Community Development Financial Institutions may be able to take advantage of a new streamlined application process.

Representatives of NCUA’s Office of Small Credit Union Initiatives are contracting low-income credit unions that are not yet CDFI-certified, but that could be eligible for the streamlined application process. NCUA can do much of the required pre-qualification work, using existing AIRES data. {Read The Full Article}

Posted November 13th, 2016 No Comments
Credit Unions in the Community

LincOne FCU Holds Dessert Gala for CMN

Thursday November 3, 2016, LincOne Federal Credit Union hosted a Dessert Gala; a benefit for the Children’s Miracle Network.  The evening kicked off with delicate music and an inviting social half-hour allowing for positive fellowship.  Community members and guests were invited to graze over a delectable buffet line of endless gourmet desserts designed by LincOne’s very own volunteer staff and volunteer chef from Greta’s Gourmet.  {Read The Full Article}

Posted November 13th, 2016 No Comments
Being There When They Need Us

By Robert (Bob) N. Trunzo, President & Chief Executive Officer

Life can turn on a dime. Major milestones and unexpected moments create a unique and unpredictable journey for each of us. For some, that unpredictability can be what makes life worth living, but it also presents a challenge: how do credit unions keep up with members when their lives and needs are constantly changing? {Read The Full Article}

Posted November 13th, 2016 No Comments
CUNA CEO Council

The new CEO Council is an exclusive environment for the candid and collaborative exchange of ideas that will help credit union CEOs:

– Refine the art and craft of their position;
– Improve their credit union’s performance; and
– Nurture professional relationships that will strengthen the credit union movement. {Read The Full Article}

Posted October 20th, 2016 No Comments
Upcoming Board Webinars for 2017

As a reminder, NCUL partners with Tim Harrington and TEAM Resources for Supervisory Committee board training webinars. Below is a listing of upcoming ones in 2017. The link at the bottom will take you to their website where you can look at the ones that are still occurring this year.  {Read The Full Article}

Posted October 20th, 2016 No Comments
OPEN POSITION at OPPD EFCU

Assistant Manager-Treasurer Position
Omaha Public Power District Employees FCU

The credit union located in the OPPD Energy Plaza building in downtown Omaha is searching for an Assistant Manager-Treasurer.  The candidate must have experience in Financial Management, Consumer Lending and Member Services.   Computer knowledge including Word and Excel.  Bachelor’s Degree or 5 years of experience preferred.

{Read The Full Article}

Posted October 20th, 2016 No Comments
CFPB Ruled Unconstitutional, but Can Still Operate

A federal appeals court recently ruled that the organization of the CFPB is unconstitutional since it’s led by a single person; however, the agency may continue to operate. The bureau The CFPB is permitted to operate, but must do so as an executive agency similar to other executive agencies headed by a single person, such as the U.S. Department of Justice and Treasury, according to the court ruling.

{Read The Full Article}

Posted October 20th, 2016 No Comments
Removing Barriers…

The League and CUNA have worked tirelessly to reign in the unchecked and unwarranted power of the Consumer Financial Protection Bureau. Our work resulted in 70 U.S. senators signing a letter drafted by Nebraska Senator Ben Sasse asking CFPB Director Cordray to use his exemption authority to protect credit unions. This followed a letter we coordinated in March in which 329 members of the U.S. House of Representatives, including Nebraska’s 3 members urging the director to use his exemption authority, a notable accomplishment, especially in these hyper-partisan and gridlocked times.

{Read The Full Article}

Posted October 20th, 2016 No Comments
League comments on CFPB payday loan proposal

The CFPB should use its powers to exempt credit unions from the bureau’s payday lending regulations, according to Nebraska Credit Union League President/CEO J. Scott Sullivan.

{Read The Full Article}

Posted October 20th, 2016 No Comments
League Board Resolves to Retain Dues Cap at $25,000

The League recently amended its bylaws and vested the Board of Directors with the authority to fix the maximum dues payable by any single credit union and determine the threshold for small credit unions eligible to receive a 50% dues discount.

{Read The Full Article}

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