Posted April 16th, 2014 No Comments
‘Simplified’ Mortgage Disclosures Won’t be a Simple Change for Credit Unions

By Jonathan Bundy

The Consumer Financial Protection Bureau’s (CFPB) first six mortgage rules became effective in January and delivered a major helping of compliance details for credit unions to digest. Still, for many credit unions, complying with the new rules didn’t fundamentally change the mortgage process for members. Complying with the seventh new rule, however, will absolutely change the disclosures and mortgage process for your members.

The CFPB issued the final rule requiring new disclosures at application and prior to closing for most closed-end mortgage loans in October 2013. Although it doesn’t take effect until August 2015, it’s a good idea to start taking a look at the new rule well before the start of the new year. {Read The Full Article}

Posted April 16th, 2014 No Comments
The Value of World Council Membership

By Rebecca Carpenter

Marketing & Communications Specialist, World Council of Credit Unions

rcarpenter@woccu.org

With the help of its member organizations in nearly 60 countries, including the U.S. Credit Union National Association (CUNA), World Council of Credit Unions is able to impact millions of people’s lives, their credit unions and national financial systems across the globe.

As the leading international trade association and development agency for credit unions worldwide, World Council is building a global community of credit unions by: {Read The Full Article}

Posted April 16th, 2014 No Comments
Lone Survivor author, Marcus Luttrell, is 2014 ACUC Keynoter

Decorated Navy SEAL Marcus Luttrell will be a keynote speaker at CUNA’s 2014 America’s Credit Union Conference, June 29 – July 3 at the Hilton San Francisco Union Square in San Francisco, CA. Luttrell is the author of the best-selling novel Lone Survivor, now a major motion picture starring Mark Wahlberg. {Read The Full Article}

Posted April 16th, 2014 No Comments
FORE! The Kids – May 12th

The League has partnered with this tournament to support the same cause, CMN.  The proceeds from this event will also be going to the new Carolyn Scott Rainbow House, which is our Credit Union for Kids sponsorship as well.  In addition to supporting this tournament, Credit Unions for Kids will be getting full credit for the proceeds this brings to CMN. {Read The Full Article}

Posted April 16th, 2014 No Comments
Election Ballots Mailed Earlier This Month to Credit Unions in Geographic District 2

Election ballots were mailed to credit unions located in Geographic District 2. The 2014 election is for one seat on the NCUL Board of Directors. {Read The Full Article}

Posted April 16th, 2014 No Comments
Be Among the First to Test Filene’s New Relationship-Building Product Concept

By Andrew Downin, innovation director

Filene is looking for credit unions to join our free prototype test of Just4You.
Express your interest by
clicking here.

Research has shown that when consumers are faced with a multitude of product options they may simply choose to make no decision at all. And, it’s not just in the cereal aisle that we’re all faced with choice overload. Honey Nut or Apple Cinnamon? Original or whole grain? Ultra-gigantic family sized box? It occurs with financial services as well.

Credit unions have developed a wide variety of products and services to meet the needs of members. Various types of checking accounts, multiple combinations of loan features and terms, and investment or retirement services to name a few. But for a new member faced with a multi-page product brochure, how do they know what the best products are for them? {Read The Full Article}

Posted April 16th, 2014 No Comments
It’s LIKE Totally 80’s!

It’s time for the League’s 80th Annual Meeting and Convention! We hope you are ready to have a Rockin’ RAD time starting June 4th! Informational items have been mailed out. If you do not receive a packet, you can find online registration and all the information to download on the Annual Meeting webpage, http://www.nebrcul.org/Annual_Meeting_110.html. **Please note the dates have been changed to a Wednesday thru Friday. {Read The Full Article}

Posted March 17th, 2014 No Comments
Sugar Valley FCU New Manager

The Nebraska Credit Union League would like to welcome Megan Schwartz as the new manager at Sugar Valley FCU in Scottsbluff.  Megan started leading the credit union on March 1st.  She has two children ages 6 & 8 years old.

 

Posted March 17th, 2014 No Comments
Nominees Received For League Board Elections

Five nominations have been received by the Nebraska Credit Union League for the NCUL Board of Directors elections, which has four board positions open.

Nominations were accepted through March 14th. {Read The Full Article}

Posted March 17th, 2014 No Comments
NCUL Compliance I Update

You can now register for the Compliance Update being held on April 23rd in Omaha.  Click HERE to register online.  Erin O’Hern and Lindsey Richardson from PolicyWorks will cover NCUA updates, Mortgage rules, Consumer Lending, Reg E and BSA.  Sherita Jones with NCUA will close out the day with Sound Loan Underwriting.  Please register by April 14th.

Posted March 17th, 2014 No Comments
I Crashed the GAC!

by Matt Hill, Creighton FCU

I was fortunate enough to be selected as the young professional from the state of Nebraska to “Crash” the GAC last month.  The Nebraska Credit Union League, along with the Cooperative Trust and the Filene Institute, sent one young professional from each state to “Crash” and experience the GAC.  As a part of the Crashers, I was able to take more out of the experience than I ever anticipated.  Without going into details about the amazing people I met as part of the Crasher group, the experience was focused on keeping young professionals active and engage in the Credit Union movement.  We are fortunate that we have many young, talented, and smart employees within the credit unions, but how do we keep them involved?  Do they know the mission and value that comes with working for and advocating for credit unions?  One of my biggest take away from the week was that my passion for credit unions was given an adrenalin shot.  There are so many challenges we face from legislation to the banks that we need to keep our employees educated and passionate about the CU difference.  But we also need to keep our young professionals engaged and active. {Read The Full Article}

Posted March 17th, 2014 No Comments
NE CU’s Advocate at GAC

Twenty Nebraska credit union advocates from nine credit unions traveled to Washington D.C. to attend the Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC) held February 23-27.  The attendees joined over 4,500 credit union staff and volunteers from across the country to hear from Congressional leaders, NCUA Board members, and national speakers including former Prime Minister Tony Blair and former Secretary of State Madeline Albright.  The GAC is the premier conference for credit unions each year.   {Read The Full Article}

Posted March 17th, 2014 No Comments
Filene Study Shows Surprising Results About What Makes A Successful Credit Union CEO

 

Hiring and developing a successful credit union CEO can’t be reduced to a formula. But the surprising results of a recent Filene Research Institute study could help guide your credit union in the right direction its next CEO search.

At the very least, Filene’s 2013 research report, “Leading for Credit Union Success: The Roles of Personality and Practices in CEOs,” could eliminate some common misconceptions about the most important personality traits and leadership skills for a CEO to have.

Report author Murray Barrick, PhD, of Texas A&M University, says he was surprised how often personality traits seemed better predictors of credit union success, often more important than leadership skills or high-productivity work practices. {Read The Full Article}

Posted March 17th, 2014 No Comments
Basel III Liquidity Changes Will Help CUs Maintain Access to Bank Services and CD Yields

The Basel Committee on Banking Supervision has proposed changes to its Basel III liquidity rules to help credit unions in the United States and around the world maintain access to bank services as well as favorable yields on bank certificates of deposit.

World Council of Credit Unions advocated for the proposed changes to the Basel III “Net Stable Funding Ratio” (NSFR), Basel III’s medium-term liquidity metric. Under the current version of the Basel III NSFR, credit unions’ term deposits in banks are classified as “wholesale funding,” which assumes that 0% of these deposits would be “available” to the bank during periods of economic stress because of withdrawals.

The new Basel Committee proposal would change the NSFR’s 0% availability to 50% availability for bank term deposits made by credit unions of any asset size. {Read The Full Article}

Posted March 17th, 2014 No Comments
Dot Credit Union to become a Reality

A new Internet domain name just for credit unions, .creditunion (dot credit union), is just about a reality.

The Internet Corporation for Names and Numbers (ICANN) has notified CUNA that the domain name has been approved—and there are just a few more steps to take before it becomes available for credit unions’ use.

Back in 2011, ICANN announced it would significantly broaden the number of approved top-level domain names beyond the limited number in use, such as .com, .org, .gov, .edu, and .coop. CUNA submitted a .creditunion application on behalf of the credit union movement. {Read The Full Article}

Posted March 17th, 2014 No Comments
CUNA Launches National Search for New Leadership

A national search for a new president and CEO of the Credit Union National Association (CUNA) will be launched immediately, the association’s chairman said, to find a successor to Bill Cheney, who is returning to California in June to be president and CEO of SchoolsFirst FCU in Santa Ana. CUNA Chairman Dennis Pierce said the search would consider candidates from both inside and outside of the credit union movement.

“We will be looking for leadership that can bring to bear the talents of the exceptional team that we have on board at CUNA now, and leverage the strengths of the three-tiered system of CUNA, Leagues and credit unions to achieve our goals and strengthen the movement,” Pierce said. {Read The Full Article}

Posted March 17th, 2014 No Comments
It’s LIKE Totally 80′s!

NCUL_2014_AnnualMeeting_Std_4-1
Join us on June 4-6 at the Embassy Suites – Old Market in Omaha for the 80th NCUL Annual Meeting and Convention!  We’ll pay tribute to 80 years of rocking the credit union movement.  So bring your leg warmers and big hair for a TOTALLY AWESOME time.

Posted March 15th, 2014 No Comments
Credit Union Position Wanted

Former credit union employee of 18 years looking for a CU position; worked in collections, bankruptcies, repossessions, and consumer/mortgage loan processing.  Please contact at: carrizar@yahoo.com.

Posted March 14th, 2014 No Comments
Panhandle Credit Union Seeks Manager

Small credit union in the Nebraska Panhandle is seeking a manager.  The ideal candidate will be a problem solver who likes working with others and is service oriented.  Financial institution experience a plus. Responsible for lending, operations and staff supervision.  Reports to the Board of Directors.  If interested contact Chuck Karpf at fact@vistabeam.com.

 

Posted February 14th, 2014 No Comments
The Trust Card debt reduction program enters accessible financial services incubator

Filene Research Institute launches incubator with Ford Foundation grant to benefit underbanked consumers

Madison, Wis. – Filene Research Institute selected The Trust Card, a debt management program pioneered by Neighborhood Trust Federal Credit Union (NTFCU) and Neighborhood Trust Financial Partners, as the fifth and final product for its accessible financial services incubator. The Trust Card Program combines NTFCU’s signature Financial Counseling Services with a credit card that enables better debt management through behavioral economic design principles. {Read The Full Article}

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