PowerPay, the selected Processor for the Nebraska Credit Union League, offers an option for you to provide payment processing to your business members!

Established in 2003 in Portland, Maine, PowerPay is one of the nation’s most trusted providers of integrated eCommerce, mobile and point-of-sale (POS) payment processing solutions. PowerPay works directly with each business to create a tailored payment processing solution for business members, enabling them to accept all major credit cards including Visa, MasterCard, American Express and Discover. Their in-house operation ensures your business members receive the care and attention they need in order to be successful. {Read The Full Article}

Siouxland FCU opened a new branch on March 13^th, located at 5780 Sunnybrook Drive, Sioux City, IA 51106.  This is their fifth office location and is a full service branch.

The University of Nebraska Federal Credit Union has 2 money safes and 4 teller under counter steel units for sale. One safe is 46 ¾” tall x 40” wide x 33 inches deep with 2 locking drawers and a cash safe on the left side and 5 locking cash drawer slots and 1 open slot on the right side. The second safe is 35 inches tall x 39 ½” wide x 30 inches deep with 5 locking cash drawer slots and 1 open slot on the left and a cash safe on the right. The under counter steel contains 3 teller cash drawers and one storage cabinet in each unit. There is also desks, chairs and other office furniture available for sale. Please contact Sandy Bundy at 402-472-6833 or sbundy@nufcu.org for questions or additional information.

The National Endowment for Financial Education has released its newest version of the High School Financial Planning Program’s curriculum this month.

The new version has changed significantly, going from one large student workbook, to individual
workbooks for each unit. The new version also includes a larger section on identity theft.
The trainings are free to teachers, credit union staff, and community members who
have an interest in teaching youth the tools they need to make sound financial decisions now
and in the future.

NCUL and the University Extension Office across the state have stepped forward to sponsor the training for the attendees. The League is working on a training schedule for the new materials.

Since 2010, dozens of large banks have faced litigation involving overdraft policies that include re-ordering transactions from highest to lowest – instead of in the order they are received – to increase the number of fees they charge to consumers and charging excessive fees for transactions that result in overdrafts. {Read The Full Article}

Donald “Donnie” Price has nearly 25 years of experience in the financial institution industry. After four years in the Navy, where he served aboard ship as part of the engineering crew, Donnie began his career as a teller at Bank of America in San Francisco, while attending City College. Donnie soon transferred back to Nebraska to work full-time, in a variety of positions, for a local Omaha financial institution while finishing his studies. In addition to the many years working at financial institutions, Donnie’s career has included developing products, leading projects, planning, advising, and consulting banks and credit unions in their operations, lending, fraud mitigation, and marketing plans while working at First Data and most recently PSCU, a credit union service organization. {Read The Full Article}

Bolstered by the performance of its credit union businesses, CUNA Mutual Group posted stronger-than-expected results in 2011, positioning itself to withstand continuing economic pressures in 2012. The company’s diversification strategy has begun to pay dividends. In 2010, when its credit union business didn’t perform as well, ProAg^®, CUNA Mutual Group’s crop insurance affiliate, played a significant role in growing the company’s financial results. In 2011, when natural disasters stymied crop insurance results, CUNA Mutual Group’s credit union businesses withstood the year’s economic challenges. {Read The Full Article}

Regardless of how the U.S. Supreme Court rules on the constitutionality of the Patient Protection and Affordable Care Act or the specific provision mandating that individuals purchase coverage, the health care reform law is changing the way credit unions offer and fund employee health plans, said CUNA Mutual Group’s Brad Pricer at the CUNA Human Resources and Training and Development Council Conference in San Antonio. {Read The Full Article}

(Lincoln, NE) MembersOwn Credit Union, the 10^th-largest credit union in Nebraska, will open a new 6,500-square-foot location at 33^rd and A Streets in Lincoln on May 21^st, 2012. “We’re looking forward to getting to know the folks in our new neighborhood,” said Kenneth Miller, MembersOwn President. “For us, it’s always been all about the people we serve. Even more so, because members are the ones who own the credit union.” {Read The Full Article}

As the Consumer Financial Protection Bureau (CFPB) swings into full operation in 2012, it’s clearly assuming a role as a highly visible watchdog of consumer rights. The Bureau’s string of news releases so far this year are mostly calls for consumer complaints and feedback regarding mortgage disclosures, payday lenders, student loans, and overdraft fees, among others.

{Read The Full Article}

Two incumbents reclaim their position, Brodersen to join Board

The Nebraska Credit Union League Board of Directors had three seats up for election in 2012. Following the official call for candidates in January, one candidacy declaration was received for each open seat: {Read The Full Article}

In this ever-changing loan-to-deposit centric industry we all love, there is an issue.  An elephant in the room, really.  YOUTH.

Sure, good members are those earning a living, taking out loans and calling you their PFI.  They are 47-years old, on average. {Read The Full Article}

PolicyWorks is an endorsed service partner of the League’s Cooperative Solutions Group and one of their newer offered services is a shared compliance officer.  The designated shared officer’s  time is then outsourced among the various credit unions, who subscribe to this service.  The credit unions then contract and schedule time slots for the officer to come on sight into each credit union. {Read The Full Article}

OMAHA, Neb. – Centris Federal Credit Union is the first financial institution in the nation to offer underserved consumers much-needed services not typically found at traditional banks and credit unions. In May, Centris is expanding its services with customer-friendly kiosks which are unique in combining a variety of financial services in one place. {Read The Full Article}

Don’t miss out on the 78^th Annual Meeting and Convention, June 7-9 in Kearney!  Come rock out with your peers.  There’s golf, bowling, education, exhibits, awards, pianos – it will be nothin’ but a good time!!  Registration is now open, so click here to sign up to ROCK! {Read The Full Article}

Break out the clubs and join us for the Capitol Club Classic on May 10^th at Woodland Hills.  11:30am Shotgun.  Come out and support the Nebraska Credit Union League Capitol Investment Fund.

Download the registration brochure here, so go to www.nebrcul.org.

Please join us May 2 and 23 – when CUNA Mutual Group will be offering Discovery Webinars on regulatory compliance, mobile financial services and member business lending, respectively. We are very pleased to continue our tradition of offering these sessions at no cost. I encourage you and your credit unions to join us. {Read The Full Article}

We have something fabulous to share with you that will provide parents peace of mind when their children are on their own. Sprint announces the addition of two new features; the Drive First mobile Application & Sprint’s Family Locator. {Read The Full Article}

April 12, 2012 – A group of Omaha small business owners met with U.S. Senator Ben Nelson (D-NE) to urge his support for an increase in the cap on credit union small business lending.  S. 2231 introduced by Senator Mark Udall (D-CO) would increase the cap on the amount of loans that credit unions can make to small businesses.  The current cap is 12.25% of a credit union’s total assets.  S. 2231 would increase that cap to 27.5% of a credit union’s total assets.  Prior to 1998, there was no cap on the amount of small business loans that a credit union could make to their members. {Read The Full Article}

Bellevue, Nebraska, April 9, 2012 - SAC Federal Credit Union, Nebraska’s largest credit union, today announced the location and design of its new corporate headquarters at the southeast corner of 72nd Street and US Highway 370 in Papillion, Nebraska. The property sits adjacent to the Shadow Lake Shopping Center and numerous other retail developments. Total construction and land purchase costs are estimated to be $20 million. {Read The Full Article}