Posted July 14th, 2015 No Comments
Learn the Differences Between Debt Settlement, Debt Management and Bankruptcy

If you’re struggling with credit card debt, knowing where to turn for help can be confusing.  The key to success is making an informed decision.

GreenPath recently developed an infographic to help consumers understand positives and negatives of three of the most popular debt solutions:  debt settlement, credit counseling / debt management, and bankruptcy. {Read The Full Article}

Posted July 14th, 2015 No Comments
Leading for Credit Union Success: The Roles of Personality and Practices in CEOs

By Murray Barrick, PhD, Texas A&M University on June 13, 2013

Filene

In these increasingly competitive times, credit unions need to have the best possible understanding of what a good CEO looks like and how to best develop a leadership approach. Our desire to better understand the key elements of CEO selection and development led us to engage Murray Barrick. Barrick surveyed a cross section of employees—ranging from entry level to C-suite—at 84 credit unions across the United States and Canada. Each survey participant evaluated the CEO’s personality, critical executive competencies, leadership behaviors, and performance. The non-CEO participants were also asked to rate their level of work engagement at their credit union. To determine credit union performance, the survey assessed the average of four bottom-line ratios as objective measures of organizational performance: return on assets, net worth to total assets, delinquent loans to total loans, and net charge-offs to average loans. {Read The Full Article}

Posted July 14th, 2015 No Comments
INTECH Has the Tools, the Software, and the Service 

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.

Credit union members and prospects, in increasing numbers, are demanding a wider spectrum of services – many of which require products developed using leading edge technologies. Indeed, it is not just one service or product that helps with growth of a credit union, it is having available, a variety of tools and services that appeal to a diverse mix of members. {Read The Full Article}

Posted July 14th, 2015 No Comments
Mascarello Lands Four Points FCU CEO Position

On July 1st, Cheryl Mascarello, took over the CEO/President position for Four Points FCU.  Mascarello was formally the Vice President/Chief Brand Officer at Mutual 1st Federal.  She brings years of credit union knowledge to Four Points FCU and also serves on the Nebraska Credit Union League Board.  Congrats Cheryl!

Madcarello_2 


Mascarello

Posted July 14th, 2015 No Comments
Nebraska Credit Unions Report Increasing Loan Originations

According to the quarterly data released by the National Credit Union Administration (NCUA) for the first quarter of 2015 and analyzed by Callahan & Associates, Nebraska credit unions posted strong growth across a variety of metrics, including member growth and loan originations. Nebraska credit unions added 17,205 members between March 2014 and March 2015, reporting a growth rate of 3.7%, outperforming national credit unions who reported 2.9% growth rate. Total loan originations grew 3.3% year-over-year at Nebraska credit unions, reaching $330.8 million in the first quarter. Strongest growth was seen in first mortgage originations, which grew 17.1% year-over-year. {Read The Full Article}

Posted July 14th, 2015 No Comments
Leadership Workshop Offered by NSCN

 

Please consider registering for the Leadership Workshop being held on August 27th at the National Safety Council.  If you sign up through Amy Shaw at the League Office, you will get the membership rate of $169.  Contact her at ashaw@nebrcul.org or 402-333-9331.


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PDF Link HERE

Posted July 14th, 2015 No Comments
People Helping People

ICU

Take a good look at the credit union movement, from the outside or within, and what you’ll see at its foundation is “People Helping People®.”

On October 15, credit unions worldwide will join in celebrating the year-round impact of the credit union movement and its members for International Credit Union (ICU) Day®. Share in this powerful credit union vision and join more than 200 million people worldwide in thanking our loyal members and inviting our local communities to be a part of the year-round celebration that is credit union membership.

Celebration products and resources are available here!

Download the 2015 poster here.

Posted July 14th, 2015 No Comments
Another Annual Meeting in the Rear View

Kansas Corporate hosted our 63rd Annual Membership Meeting on the front-end of the joint NCUL/KCUA Annual Meeting in Kansas City, MO, and it, like the league meetings, made quite a Splash!

Guests from Nebraska, Kansas, Montana, and Missouri traveled in a day prior to the league event to kick-off the almost week long affair at Benton’s, the windowed restaurant atop Crown Center, with dinner, drinks, friends, and fun. Thursday morning guests gathered for breakfast before meeting with colleagues, volunteers, and staff to recount 2014 accomplishments, network, and plan for 2015.

Nebraska credit union faces were plenty, from the speaker podium to the meeting seats. Nebraska volunteers include Tom Kjar, KCCU Board Chair, Kenn Miller, Board Member, Scott Winkelmann, Credit Committee Member, and Jerry Barnett, Nominations Committee Member. A special thank you to these Nebraska folks for their time serving Kansas Corporate Credit Union and our member credit unions!

As our meeting ended, the joint NCUL/KCUA meeting began – a tag-team effort, for sure! Your very own Bob Tinglehoff, was the winner of our booth giveaway – a $100 VISA Gift Card – and the popcorn was literally flying out of the giant Red SOLO cups. It was great to mix, mingle, make a few hundred sandwiches and a giant splash in the City of Fountains!

Many thanks to all who attended our meeting or visited us at our booth during the league meeting, including our friends at the NCUL. We appreciate our relationship, your membership, friendship and support!

Pictured Below: Jerry Barnett (LincOne FCU), Larry Eisenhauer (KS Corp), Chris Nielsen (NE State ECU), Scott Winkelmann (Fremont First FCU)

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Pictured Above: Tom Kjar, KCCU Board Chair

Posted July 14th, 2015 No Comments
Introducing Financial Intelligence from FHLBank Topeka

Print 

Financial Intelligence from FHLBank Topeka tailors our services to fit your credit union’s specific needs. Ann Meier, lending officer, is our specialist for consumer lending. She is well versed in consumer banking trends and related operational and economic challenges. It is her job to understand your business and to work with you to find customized funding solutions. {Read The Full Article}

Posted July 14th, 2015 No Comments
Raising Expectations

“High expectations are the key to everything.”  This quote, attributed to Sam Walton, drives everything we do at Centennial Lending, a credit union service organization.  We strive to exceed our partner credit unions’ expectations regarding service, products and ongoing relationship management.

Centennial Lending’s executive management team has remained consistent since founding the company fifteen years ago and this team has maintained high expectations for loan quality, always keeping longevity in mind.  Throughout the most drastic financial downturn of our lifetime, quality underwriting, loan monitoring and focus on relationships helped Centennial Lending maintain a quality portfolio with minimal losses within the portfolio.  In fact, the company’s servicing portfolio surpassed $1 billion in loans last year and continues to grow. {Read The Full Article}

Posted July 14th, 2015 No Comments
Attention!  Attention! 

Do you have a young professional that is looking for an opportunity to make a difference in the Credit Union Movement?

The Young Professionals for Credit Unions (YPCU) is looking for energetic, positive young professionals that that are looking for a chance to do more.  

This is a great opportunity for an employee to really engage in the Credit Union Movement and get involved on levels they did not know exist. This is also a chance for management to engage those employees that are worried may become tired of the day to day and need something more to push them to success and success for their institution.  

For further information, please contact Matt Hill, Director of the YPCU Board of Directors at mhill@creightonfederal.org or 402-280-1433.attention

Posted June 16th, 2015 No Comments
CU’s Win Top PAC Awards

Liberty First CU and Family Focus FCU were recognized during the Nebraska Credit Union League 2015 Annual Meeting for their PAC fundraising efforts.  The Annual Meeting was held in Kansas City, MO in conjunction with the Kansas Credit Union Association’s Annual Meeting.  

During the NCUL business meeting, Director of Governmental & Public Affairs Brandon Luetkenhaus presented the 2014 TOP PAC Contributor Award to Liberty First CU and the 2014 PAC Preservation Award to Family Focus FCU.  The TOP PAC Contributor Award is a new award that recognizes the credit union that raised the highest dollar amount for NCULPAC during the previous year.  Liberty First CU raised the most of any Nebraska credit union with just under $4 thousand raised in 2014 from their staff and volunteers.  

The PAC Preservation Award is presented to a Nebraska credit union for their outstanding efforts and results in PAC fundraising through the payroll deduction program.  Family Focus FCU reached 100% participation from their employees via payroll deduction and the average contribution was $86.  Brandon Luetkenhaus said during the presentation, “Family Focus FCU underscores the importance of the payroll deduction program and the fact that a credit union with a fraction of the employees can be a top leader in PAC fundraising”.  Family Focus FCU will also win the Gold Award for the most raised per member for the PAC.  

The NCUL announced that other 2014 PAC Awards will be presented at the respective Chapter meetings in the fall.      

Posted June 16th, 2015 No Comments

TRID Compliance – Getting Down to the Details: Timing Requirements

Online

With less than three months before the August 1 deadline for the TILA/RESPA combined disclosure, your credit union should have a solid plan for where the new disclosures are coming from and how to implement those documents. It’s now time to think about policy and procedure changes required by the new rule. 

One of the key procedural changes will be the myriad of timing requirements for the new disclosures.   The basic timing rules are:

Loan Estimate: 

1. Must be delivered or placed in the mail three business days after application.  

2. Must be delivered or placed in the mail seven business days before consummation. 

3. Must be received before the Closing Disclosure.

Closing Disclosure:

1. Must be received three business days before consummation. {Read The Full Article}

Posted June 16th, 2015 No Comments
Card Services for Credit Unions Offers Portfolio Consulting Services For Users.

Card Services for Credit Unions (CSCU) offers users free credit & debit portfolio consulting services.  The consultants review your specific credit union’s debit or credit portfolio and then using card industry standards, will offer you their best recommendations.  The consulting team are industry experts, who can help you monitor and manage your card portfolio to maximize your credit union’s revenues and profits.  

CSCU staff are able to review your credit union’s performance and then provide a customized portfolio analysis, which should provide you a better understanding of your portfolio’s strengths and opportunities.  This analysis will then assist your credit union as your determine benchmark goals for finance charges, interchange, and fee income.

This type of information should enhance your credit union’s overall success.  We encourage you to utilize this CSCU benefit annually.  You may either your CSCU account executive or visit their website to schedule a review.

Posted June 16th, 2015 No Comments
Study: Online Calculators Improve
Probability of Saving Enough for Retirement


Online

Over the last several years, you’ve probably read about dozens of surveys in which a large majority of American workers say they’re not saving enough for retirement. But that only tells half the story, if that. 

For a deeper understanding of how many of us are saving enough for retirement, measure how many of us actually have an educated idea of how much “enough” is likely to be.  {Read The Full Article}

Posted June 16th, 2015 No Comments
Officers Named for the Nebraska Credit Union League Board of Directors

OMAHA – New officers were named to the Nebraska Credit Union League during a reorganization meeting held following the 81st Annual Meeting.  

The following individuals were elected to leadership positions within the board:


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Pictured from left to right:

Stan Fraser - NCUL Chair,  Jerry Barnett - NCUL 1st Vice Chair, Peg Niedbalski - NCUL 2nd Vice Chair

Other League Directors include:

Amy Brodersen, President/CEO, Family Focus FCU

Keith Kauffeld, President, University of Nebraska FCU

Cheryl Mascarallo, Vice President, Mutual First Federal

Dee Schriner, President, Kearney FCU

Steve Swanstrom, President, Centris FCU

Bob Tingelhoff, Chairman, OPPD Employees FCU

Each officer will serve in their position until the reorganization meeting scheduled following the 82nd Annual Meeting on June 2, 2016 in Lincoln, NE. 

Posted June 16th, 2015 No Comments
NCUL Volunteer Distinguished Service Award

 NCUL Volunteer

Sharon Hammond – Volunteer of the Year

OMAHA – Volunteerism serves as the foundation of the credit union philosophy. The Volunteer Distinguished Service Award is the highest individual honor that can be bestowed upon a credit union volunteer in Nebraska.

On June 5th the Nebraska Credit Union League honored Sharon Hammond, longtime member of the Board Directors of Spirit of America Federal Credit Union with this special designation during its Annual Awards banquet.

Sharon Hammond has served as a volunteer Director on the Spirit of America FCU Board for over 16 years. During her years of service she has been elected Chairperson twice, first in 2001 then again in 2005.

{Read The Full Article}

Posted June 16th, 2015 No Comments
Liberty First CU Takes Home the CMN Outstanding Achievement Award

This year’s winner of the Credit Unions for Kids Outstanding Achievement Award goes to Liberty First Credit Union.  Always exceeding Gold status, Liberty First CU raises funds through donations from employees and members.  In 2014, they raised a whopping $10,303 – surpassing their initial goal of $6,600.  They participate in League events, chapter events, and hospital events all throughout the year.  They are involved with everything from radiothons to sand volleyball tournaments, Santa Letters, and so much more.  Congratulations to the wonderful staff of Liberty First CU. {Read The Full Article}

Posted June 16th, 2015 No Comments
Great American Insurance Company (GAIC)

GAIC and the Cooperative Solutions Group have partnered to offer a solution for managing most of your normal maintenance contracts.  This program offers several different contract options, depending on your needs.

For example credit unions using their managed care option, typically save from 15 – 20% annually on the cost of their existing maintenance agreements.  The normal equipment covered are ATM’s, alarms, copiers, currency counters, telephone systems, and many other office machines that are tied to a service contract.   {Read The Full Article}

Posted June 16th, 2015 No Comments
CO-OP Beats Bank of America in Branch Network Size

COOP

CO-OP Shared Branch now has more branches than Bank of America, making it the country’s third-largest branch network, CO-OP Financial Services announced today.

Wells Fargo has 6,392 branches and Chase has 5,892 branches, making them top two largest branch networks, according to the FDIC’s “Find Banks” database. But with 5,341 branches, CO-OP Shared Branch now has Bank of America beat by 97 as of May 19, 2015, CO-OP said. {Read The Full Article}

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