Posted May 19th, 2016 No Comments
New Children’s Hospital Sponsorship is Underway

The Children’s Outpatient Surgery Center had its ribbon cutting ceremony on April 29th. What a fabulous facility! Thanks to all the credit unions that are donating to Credit Unions for Kids and helping sponsor it!

{Read The Full Article}

Posted May 19th, 2016 No Comments
New CUNA Tool Helps CUs Calculate Reg. Burden Costs

Individual credit unions can now benefit from CUNA and Cornerstone Advisors’ groundbreaking regulatory burden study with the release of a new calculator tool. The Regulatory Burden Calculator will allow member credit unions to replicate the study that comprehensively examined the financial impact of regulatory burden for credit unions nationwide. {Read The Full Article}

Posted May 19th, 2016 No Comments
CUNA STRATEGIC SERVICES OFFERS FREE WEBINARS FOR CREDIT UNIONS

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Free learning opportunities abound from the comfort of your office chair. Join us for these 60-minute informational sessions. While CUNA Strategic Services providers certainly have useful products and services for credit unions to use, they pride themselves in presenting webinars that are first and foremost educational and enlightening. {Read The Full Article}

Posted May 19th, 2016 No Comments
What Could You Do to Better Manage Your Existing Cardholders?

First, evaluate whether you have a competitive credit card program that will help retain your cardholders.  It is easy for a cardholder to make the decision to jump to another offer if you don’t offer what is considered a competitive program in today’s market.  For example, if you don’t currently offer your members a Platinum credit card with an option for rewards, including the periodic price incented balance transfer promotion, your credit union is not going to be considered competitive.  Platinum and Rewards cards have become the standard, and in today’s competitive market, it will be very difficult to hold on to the existing accounts without a competitive card program.

{Read The Full Article}

Posted May 19th, 2016 No Comments
Metsger: Working Group to Review, End Annual Examination Process in Two Months

At a speech this week to the Idaho Credit Union League, new National Credit Union Administration Board Chairman Rick Metsger announced a review of the agency’s examination process, including the frequency of examinations. The move, which has been a top priority for the League, will begin through a stakeholder working group.

{Read The Full Article}

Posted May 19th, 2016 No Comments
CUNA Mutual Group’s 2015 Annual Report Now Available

CUNA Mutual Group just released its 2015 Annual Report. It is a true reflection of how CUNA Mutual Group is supporting credit unions’ success and members’ futures. {Read The Full Article}

Posted May 19th, 2016 No Comments
MBL Personal Guarantee Condition Removed from Regulation

Credit unions can now make member business loans without requiring a personal guarantee in certain circumstances. The change is the first part of the NCUA’s recently finalized member business lending (MBL) rule, the rest of the rule will be effective Jan. 1, 2017. {Read The Full Article}

Posted May 19th, 2016 No Comments
Working Group Looks at State CU Act Modernization

The Nebraska Department of Banking and Finance (NDB&F) has organized a working group of stakeholders to look into modernizing the State’s Bank Act and Credit Union Act. NDB&F Director Mark Quandahl and State Senator Steve Scheer are facilitating the working group with the goal of finding common ground in achieving comprehensive modernization. “We are very pleased that Director Quandahl and Senator Scheer are leading this well overdue modernization of the State Credit Union Act. We look forward to working with them and all of the stakeholders to bring our statutes up to speed to make sure that the dual chartering system remains viable” said Brandon Luetkenhaus, NCUL Government Affairs Director. Nebraska has sixty-three (63) credit unions with just 17 of those being state chartered. “Clearly our state act does not provide enough incentive to our state chartered credit unions because if it did we wouldn’t have 80% of our credit unions federally chartered” said Luetkenhaus.
{Read The Full Article}

Posted May 19th, 2016 No Comments
Credit Unions Encouraged to Update Information, Connect with Potential New Members

With the purchasing power of millennials on the rise, credit unions find themselves constantly wading through the white noise of how to reach the growing and increasingly influential group. Conversely, 84 percent of those polled for a recent study reported that they would value advice or guidance when it comes to financial decisions—indicating the potential is there for a strong relationship with credit unions. {Read The Full Article}

Posted May 19th, 2016 No Comments
Hot Examination Topics for 2016

Everyone would like to be well prepared for their annual visit from the regulators.  Here is a quick checklist to make sure you have addressed the hot topics for 2016:

• Cybersecurity. This is the number one hot topic of the year. Unfortunately, smaller credit unions do not always have access to technical experts in this area due to limited resources. Sometimes larger credit unions cannot hire these experts away from other higher paying industries. What can management do in these cases to be better prepared?

The first thing is to visit the FFIEC website and take the self-assessment. Go to: ffiec.gov/cyberassessmenttool.htm

{Read The Full Article}

Posted May 19th, 2016 No Comments
Compliance for board members: Useful need-to-knows

Credit union board members, most often operating as volunteers, are tasked with providing input and guidance on a wide range of issues, including the all-important area of compliance. But with so many requirements to keep track of, which ones should they focus on?

{Read The Full Article}

Posted May 19th, 2016 No Comments
Think.Do.Change: Collaboration Leads to Innovative Solutions

Collaboration. Innovation. These aren’t just buzzwords, they are the keys to successfully meeting and anticipating the financial needs of your credit union members. Bring these words to life when you join credit union leaders from Illinois, Kansas, Kentucky, Mississippi, Missouri, Nebraska, and Tennessee for Think.Do.Change, August 3-4 in Overland Park, KS. {Read The Full Article}

Posted May 19th, 2016 No Comments
Liberty First Credit Union for Kids Volleyball Tournament

CMN-Volleyball-2016

Posted May 19th, 2016 No Comments
More Credit Unions Turn to TruStage® to Protect Their Members

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CUNA Mutual Group’s TruStageTM Insurance Program continues to protect more members through strong relationships with credit unions across the country. In fact, more than 83 percent of all eligible credit unions* turn to the TruStage Insurance Program. {Read The Full Article}

Posted May 19th, 2016 No Comments
CO-OP Announces CO-OP Purpose

CO-OP Financial Services announced CO-OP Purpose recently, a new corporate social responsibility program for credit unions that provides turnkey, impactful community initiatives to advance their mission of empowering members’ financial well-being. {Read The Full Article}

Posted April 15th, 2016 No Comments
Omaha Area Credit Unions Urge Reg Relief during Roundtable with Rep. Ashford

March 30th, Congressman Brad Ashford (NE-CD 2) held a roundtable with credit unions in the Omaha area to discuss important legislative and regulatory issues. The roundtable was held at Centris Federal Credit Union headquarters located at 118th and Q Streets. The common theme from the seven area credit unions that were represented was the concern of growing rules and regulations coming from Washington D.C. that are unnecessary, overly burdensome, and in many cases hurt the very people that the regulations were intended to help. {Read The Full Article}

Posted April 15th, 2016 No Comments
MISSION POSSIBLE!

Your mission, if you choose to accept it, is to attend Annual Meeting & Convention, June 1-3!  The informational brochures were mailed out and it’s time to get registered! {Read The Full Article}

Posted April 15th, 2016 No Comments
McWatters Calls for Continued Focus on Extended Exam Cycle

NCUA Board Member J. Mark McWatters’ was featured in this month’s edition of The NCUA Report, authoring a column, “It Is Time to Consider an 18-Month Examination Cycle.” In the article, McWatters offers his perspective on the importance of maintaining focus on an extended exam cycle. {Read The Full Article}

Posted April 15th, 2016 No Comments
Prepaid Cards are a great way to spend (and save) that tax refund responsibly

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The New Year is upon us! That means tax season is just around the corner too. W2’s will be hitting your members’ mailboxes any day now. Help your members cope with the stress of digging out their paperwork and receipts, adding up totals, wondering what counts as a write-off, before finally filing their returns. {Read The Full Article}

Posted April 15th, 2016 No Comments
Millennials are a Powerful Member Segment

View stats on Millennials here

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The mission of the Nebraska Credit Union League & Affiliates is to protect, promote and perpetuate the credit union movement in Nebraska.
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