Posted June 18th, 2020 No Comments
CUNA-League System Small CU Webinar Series
We all want to do more to preserve small credit unions. That’s why we’re thrilled to announce that CUNA and every State League in the U.S. has committed to create a new series of free webinars just for you.

Starting Tuesday, August 4, CUNA and Leagues will be hosting weekly FREE webinars tackling the most important issues and subjects facing small credit unions today: new member growth, technology best practices, succession planning, marketing, board engagement, the list goes on.

With every League and CUNA committed to hosting a weekly webinar,we will have sessions through Spring 2021, allowing us to record and create a library of 30+ sessions packed with ideas and actionable information.

This is a fantastic opportunity to learn new strategies for the success of your small credit union and engage with peers from across the nation.  We look forward to seeing you on Tuesdays at 2 PM CT starting August 4! Thank you to our sponsor CUNA Mutual Group.

 

LEARN MORE AND REGISTER TODAY >

 

Posted June 18th, 2020 No Comments
National CU Foundation Offers Specialty Grants

NCUF Launches 2020 Grant Cycle with Focus on Financial Health & Well-Being

“If there was ever a time to document what credit unions are doing to improve their members’ and employees’ financial lives, it’s during this crisis,” notes Gigi Hyland, Foundation Executive Director. “This pandemic has put a glaring spotlight on how many of us are financially fragile. Our grants efforts this year focus on telling the story of how credit unions are meeting that challenge and testing a split deposit intervention with employees to see whether it moves the needle on financial well-being.”

The Foundation’s 2020 Grant cycle has two opportunities for credit unions:

  1. “Start at Home”: A strategy that focuses on financial well-being always starts at home with employees. Employees can be equally financially fragile as the members they serve. This grant effort seeks to This grant effort seeks to increase credit union employee financial well-being through one discreet savings initiative: Building short term savings through split deposit. “Splitting” a direct deposit is the ability to automatically direct a fixed percentage or dollar amount of pay into a savings or investment account. The overarching goal of this grant effort is to have impact — specifically to rigorously test this evidence-based intervention that has strong potential to build financial resilience among credit union employees and to be scaled within and across credit unions. This effort will be a collaboration with select researchers from around the country to help selected credit unions test split deposits with employees. Click here to see the full application for “Start at Home”.

 

  1. “Tell Your Story”: A great deal of work has been done in the credit union system around financial well-being and now is the time to tell the story of the journey to date. The Foundation is seeking credit unions who have financial well-being as a key component of their strategy to share their impact stories. Specifically, credit unions will be asked to document: the financial well-being challenge faced by members and/or the community; the intervention (e.g., product, service, counseling, relationship, etc.) the credit union took to address the challenge and improve financial health and well-being; and the transformation the credit union measured as a result of its work (e.g., 500 members improved their credit score from X to Y; $X in debt was reduced because of the intervention, etc.). Click here to see the full application for “Tell Your Story”.

 

These opportunities are only available to credit unions. The deadline for credit unions to submit their applications is July 15, 2020.  The Foundation will review all applications for each credit union’s financial capacity and commitment to improving members’ and employees’ financial well-being that directly support the stated application objectives.

 

 

ncuf

 

About the National Credit Union Foundation (ncuf.coop):

The National Credit Union Foundation (the Foundation) is the charitable arm of the U.S credit union movement, serving as a catalyst for change in people’s financial lives. The Foundation works to ignite understanding and focus on member financial health, inspire and create opportunities for credit unions to leverage their cooperative values and respond quickly when disaster strikes. Through cooperative support and action, the Foundation helps people achieve financial freedom.

 

Posted June 16th, 2020 No Comments
Hauptman Nominated to NCUA Board

President Donald Trump nominated Kyle Hauptman to the NCUA Board seat currently held by NCUA Board Member Mark McWatters whose term expired August of 2019.  {Read The Full Article}

Posted June 16th, 2020 No Comments
Save the Date to ELEVATE!

Calling all credit union leaders!!

NCUL has teamed up with many other states to bring you ELEVATE through the Cornerstone CU League.  Save the Date to join us on September 1-3 to be a part of an amazing, high-tech, virtual experience!

Elevate Header 2

 

Posted June 16th, 2020 No Comments
VisiFI P2P Solution

In analyzing Q1 data, VisiFI noticed a shift in the behavior of credit union members, particularly in March as a result of COVID-19.  {Read The Full Article}

Posted June 16th, 2020 No Comments
Verisite Mobile Inspections

Verisite_COVID-19_ad_03182020

Posted June 16th, 2020 No Comments
Business is Booming at Centennial Lending

NCUL Affiliate Ad

Posted June 16th, 2020 No Comments
Fraud Awareness: Defending Against Coronavirus Cons

Cybercriminals are looking to profit from pandemic fears – using concerns about a human-transmitted virus to spread computer viruses, if you will – with a fresh crop of malicious software and scams. {Read The Full Article}

Posted June 16th, 2020 No Comments
CUNA Mutual’s Moving Forward Forum

Moving Forward Forum: Insights and Strategies for the Credit Union New Frontier

Let’s get straight to the point: No one could have predicted the course of 2020 so far, and we’re all called to leverage the very best that we can bring to the table. Change is accelerating faster than ever. Plans are out of whack. Budgets are tight(er). As we look into the future, finding a new normal feels like both a tremendous responsibility and a giant guessing game.

That’s where being part of the credit union system makes a difference; we know how to pull together to share resources that help you make more informed decisions based on best practices across our industry.

Join us on Thursday, June 25 for the Moving Forward Forum: Insights and Strategies for a New Frontier for these three sessions hosted by credit union industry experts at CUNA Mutual Group to provide ideas to help you increase agility, increase revenue, and effectively serve the growing multicultural consumer population.

 

KEY DETAILS

Date: Thursday, June 25, 2020 – 11:30 am Eastern/8:30 am Pacific

Sessions: Three sessions by top industry experts

Length: 45 minutes per session

Where: Online – Register now!

Price: $0

 

EVENT AGENDA

How Leveraging Agility Will Help You Meet Uncertainty Head-On
Tammie Harvey, Director of Continuous Improvement and Agile Execution, CUNA Mutual Group Ashley Utz, Vice President, Human Resources, CUNA Mutual Group

Now, more than ever, we are faced with rapidly changing conditions, multifaceted problems and a whole lot of uncertainty of what is to come. Leading is more complex than ever. It is requiring us to think about and adjust the way we work and how we serve our customers and employees now and into the future.  We will share some of the strategies that are helping us lean into this uncertainty with confidence!

Maximize Credit Unions’ Non-Interest Income
Bob Larson and Jeff Davenport, Financial Consultants, CUNA Mutual Group Today’s unprecedented economic conditions will greatly impact credit unions’ Key Performance Indicators (KPIs), and, in particular, credit union earnings. In order to be there for your members and to keep regulators satisfied, credit unions must explore every aspect of their income statement to leverage additional income. Learn strategies to sustain and improve your Non-Interest Income revenue stream and explore industry best practices to help with your strategy.

Multicultural Consumers—The Good, The Bad and The Opportunity.
Edgar Hernandez and Opal Tomashevska, Sr. Managers of Multicultural Business Strategy, CUNA Mutual Group

The Good: By 2030 multicultural consumers will make up the majority of the U.S. population, a growth that will bring new opportunities for empathetic and savvy organizations.

The Bad: Some businesses are still looking retrospectively at how the consumer landscape “used to be,” and not at how “it will be.” This will not only limit their ability to connect with new consumers, but also limit their ability to attract diverse talent.

The Opportunity: Recent events have amplified differences in income, healthcare access and discrimination toward people of color that had been less visible to the general population, and this is presenting new challenges that will require novel solutions.  Is your credit union ready to connect with this market?

 

Register Now

 

P.S. Already have plans on June 25? No problem. RSVP here now and you’ll still receive access to the sessions and resources on-demand, available for 90 days after the event.

cuna mutual

 

Posted June 16th, 2020 No Comments
CU Solutions Group Partners with Abrigo on PPP Loan Forgiveness Solution

CU Solutions Group (CUSG) announced it has partnered with Abrigo in support of its Paycheck Protection Program (PPP) Forgiveness and Administration solution, part of the Sageworks SBA Lending solution, to aid credit unions in streamlining the loan forgiveness and administration process. {Read The Full Article}

Posted June 16th, 2020 No Comments
Capitol Club Classic Golf Outing August 26th

The NCUL’s annual Capitol Club Classic golf outing has been rescheduled for Wednesday, August 26th at Woodland Hills Golf Course in Eagle, Nebraska.  {Read The Full Article}

Posted May 20th, 2020 No Comments
Credit Union Foundation of Nebraska Awards HS Scholarship

The Credit Union Foundation of Nebraska (CUFN) is proud to announce the first winner of the newly created High School Scholarship — Jaclyn Negrete!  Jaclyn is a member of the Omaha Police Federal Credit Union.  She graduated from Papillion LaVista High School and will be attending the College of St. Mary, where she will study to become a Pre-Physician Assistant.  Congratulations to Jaclyn!!


About the Scholarship:
This CUFN scholarship is available to any high school graduation senior that has been a credit union member for at least 60 days prior to applying.  One $500 scholarship is available for each of the credit union chapter areas.  Applications were accepted from January 15th through March 16th.  If you missed promoting it this year, please be sure to promote this within your credit union and chapter for 2021.  Click HERE for more information about the scholarship and the CUFN.

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Posted May 19th, 2020 No Comments
Safeguard Member Relationships, Revenue and Reputation – FREE Webinar

John M. Floyd, Cooperative Solutions Group strategic partner, complimentary webinar

Wednesday, June 3, 2020 9:30 am, CST

Safeguard Member Relationships, Revenue and Reputation,

As competition from FinTech companies and non-traditional financial service providers continues to grow, we hear a lot about speed, convenience and multi-functional capabilities. But when it comes to meeting consumers’ most pressing financial needs, make sure you’re also tuned in to the latest regulatory and compliance expectations.

Over the past few years, there has been an uptick in activity related to consumer litigation against financial institutions for using unfair and deceptive practices, such as:
–failing to obtain affirmative opt-in consent from account holders before charging overdraft fees on ATM and electronic transactions;
–utilizing misleading advertising practices that don’t disclose fees;
–re-ordering transaction processing that results in maximizing overdraft charges;
–implementing sales incentives that encourage deceptive product marketing practices; and
–failing to clearly disclose information relative to overdraft processing and procedures.

The rules and regulations have changed. Learn how you can safeguard your credit union from compliance and legal scrutiny, while improving your service delivery and generating revenue.


Link  to Registration:

https://jmfa.webex.com/jmfa/onstage/g.php?MTID=e67dbc19f3702662c22be6e8d58f4dfd9

Then select “Register” on the bottom of the page

 

Presenter Bio:

CHERYL LAWSON

EXECUTIVE VICE PRESIDENT OF COMPLIANCE REVIEW

Cheryl joined JMFA in 2001, rising quickly from consultant to engagement manager to executive vice president of implementation. Today she serves as EVP of Compliance Review for overdraft privilege, ensuring the fulfillment of all regulatory requirements. Her responsibilities also include high-level sales support and administration for financial institutions. Cheryl is also a sought-after authority for compliance issues related to overdraft programs. She continues to be invited to speak at numerous industry events.

Cheryl’s impressive background includes more than 30 years of experience in global information technology and financial operations, as well as consulting, communications, training and project management. The Houston native earned her bachelor’s in English from Carnegie-Mellon University, followed by an MBA from Rice University.

CUA JMFA

Posted May 19th, 2020 No Comments
Don’t pause DEI

Global pandemic is reason to advance, not retreat from DEI efforts.
By Angela Russell, CUNA Mutual Group

Credit unions are more vital now than ever before. They are on the front lines, serving as a sheltering tree and a safe haven for the financial health and well-being of their members and their communities.

As part of this industry, you remind your members they are not alone during this pandemic. You are showing up and demonstrating the credit union difference every day.

These essential habits and values are quite literally built into the fabric of our cooperative upbringing – people helping people, empathy, member service, and authentic community engagement.

But as an industry, we know we must bring another value to the forefront if we are to truly serve all of our members. Last fall, with the urging and leadership of Maurice Smith, CUNA established diversity, equity and inclusion (DEI) as an important part of our cooperative principles for credit unions across the United States.

I am proud of the work I see across the country to bring DEI to the forefront in our day-to-day work. It is a journey, but one I know we are on together.

 

Not a “Nice to Have”

Now, during a global pandemic and economic uncertainty for many, we are all prioritizing – taking stock of what members need from us now.

And it may be tempting to let these newer DEI efforts fall by the wayside, to reassure ourselves that we’ll return to developing this work when our current crisis has improved, when we have more time and attention to devote.

But I would argue that now is exactly when we need to fully lean into our DEI efforts.

Lines of inequity don’t disappear during a crisis. Instead, they are amplified.

COVID-19 is no exception. It’s impacting various groups differently, highlighting economic and health disparities. DEI isn’t nice to have during times like this one; it’s crucial.

Across the nation we are already seeing the following:
–More men dying of coronavirus
Racial biases in coronavirus testing
–Communities of color being hit particularly hard with COVID-19 because of existing health and economic disparities
–Calls regarding domestic violence are increasing

If we aren’t moving our DEI efforts forward in the face of these disparities, then, when will we?

Understanding differences among and between your members will be even more important during this time.  Knowing that COVID-19 is impacting populations differently will help you to continue to provide exceptional member service.

Here are some things you can do to continue to practice your DEI skills during this time:

–Tell your story and listen to your member stories
– There is a great quote that says, “stories help me see no stranger.” To help us connect across differences, there must be a space and time to share your stories. Questions to consider here include: Is there space for your workforce to share their stories with each other? What is the space that you are creating for your members to share their stories regarding the impact of coronavirus on them, their families and their communities? At CUNA Mutual Group, we are staying in close contact with employees and customers, listening to their needs, and sharing stories of how our employees stay connected during this time.

–Understand and embrace difference – Diversity is a beautiful aspect of humanity, but often we fear what we don’t know. Continue your path toward understanding and embracing difference. Take time to learn how coronavirus is impacting populations differently. Those impacts are being reported on widely, and a quick online news search is a great place to start.

–Ask the equity question – The equity question is, “Who is benefiting and who is burdened?” The decisions we make now will have amplified impact on various communities. When making a decision, take time to pause and ask who is benefiting and who is being burdened by this particular decision.

–Reach out – There are several organizations and individuals within the credit union movement that have and offer a wealth of knowledge, experience and wisdom regarding DEI. Reach out and ask for help.

 

Moving Forward Together

In this very scary time, it is good to know we have each other.  We are an industry that works together to help more people. We are all in this together – and by leaning into all the values we share, we will make it through together and come out stronger.

During this time, make sure to keep asking yourself:
-How are you continuing to serve as a sheltering tree and safe haven for your members during this time?
-What are you doing to continue to understand and embrace difference?
-How is coronavirus impacting your members and the communities where you are located?
-How are you telling your story, and what are you learning from your members’ stories?

At CUNA Mutual Group, we are focused on supporting our workforce, customers and our communities during this time, leading with our value of inclusion. I am grateful to be with you on this journey.


Angela Russell is the VP, Diversity, Equity & Inclusion at CUNA Mutual Group, the leading provider of insurance and financial services to credit unions and their members. In this role, Angela is responsible for leading and overseeing our work on Diversity & Inclusion and Corporate Social Responsibility. Contact her at angela.russell@cunamutual.com or on LinkedIn.

CUNA Mutual 2

Posted May 19th, 2020 No Comments
Nathan Brock of LincOne FCU Receives Rising Star Award

Nathan Brock is a Rising Star!  A Rising Star is dedicated to supporting the goals of member credit unions by cooperatively providing access to knowledge, expert resources and leadership development. {Read The Full Article}

Posted May 19th, 2020 No Comments
NDBF Examination Practices

Threats presented by the COVID-19 pandemic have required NDBF to modify financial institution (FI) examination procedures while continuing to provide strong financial regulation.  {Read The Full Article}

Posted May 19th, 2020 No Comments
Speaker Scheer Calls Legislators Back to Lincoln

Speaker of the Nebraska Legislature, Senator Jim Scheer, sent notification to his colleagues that they would be returning on July 20th to resume and finish the remainder of the sixty-day session.  {Read The Full Article}

Posted May 19th, 2020 No Comments
Are You Checking DataTrac’s RateDex?

The COVID-19 pandemic has changed the financial services world in ways unimaginable just six months ago. The economic impacts of the virus have created all kinds of uncertainties, unknowns, and impending challenges. {Read The Full Article}

Posted May 19th, 2020 No Comments
Millennium Corporate held its 68th Annual Membership Meeting, Friday, April 24th, Virtually!

Adapting to current in-person gathering restrictions, Millennium Corporate board, volunteers, management and over 100 member credit union staff, and Mike Schenk, CUNA Deputy Chief Advocacy Officer for Policy Analysis & Chief Economist, jumped on Zoom Friday, April 24th to host, attend and present at our 68th Annual Membership Meeting. {Read The Full Article}

Posted May 19th, 2020 No Comments
Free NCUL Collection & Bankruptcy Event

Mark Your Calendars:  Free Collection & Bankruptcy Event for member credit unions scheduled for June 9th {Read The Full Article}

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