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:


officer2officer1officer3

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}

Posted June 16th, 2015 No Comments
CONVENTION – WE MADE A SPLASH IN KANSAS CITY!

The 2015 Joint Annual Meeting and Convention in Kansas City was a SPLASH!  The convention started off with Golf and Bowling, followed by an exciting Exhibitor Reception which included a PB&J contest!   The next days were filled with business meetings, education sessions, networking, awards and entertainment.  Between the 2 states and all the exhibitors, we had close to 400 people in attendance! 

Special thanks to all of those who sponsored the event and attended!

Click HERE to see some of the highlights!

Posted May 20th, 2015 No Comments
Invest in Financial Wellness to Build a Stronger Credit Union

Despite an improvement in the U.S. economy, money continues to be a top stressor for Americans, according to a recent survey released by the American Psychological Association (APA).  “This year’s survey shows that stress related to financial issues could have a significant impact on Americans’ health and well-being,” APA CEO and Executive Vice President, Norman Anderson, stated.

Stress about money and finances impacts both physical and emotional health.  Nearly 1 in 5 Americans have either considered skipping or skipped going to the doctor when they needed healthcare, and almost a third of adults with partners reported that money is a major source of conflict in their relationship. {Read The Full Article}

Posted May 20th, 2015 No Comments
Upcoming Webinars

Check out the upcoming June webinars below.  You can register online at https://ncul.fed.cuwebtraining.com/store/webinar.


6/2/2015
Introduction to Call Reporting:  Overview of Requirements & Reporting, Recent Updates & Common Mistakes
Stephen Schiltz, CliftonLarsonAllen LLP

6/3/2015
Collection Call Techniques:  Compliant Telephone Scripts & Responses
Steve Peterson, Collection Training Consultants   Presenter Change 4/7/15
{Read The Full Article}

Posted May 20th, 2015 No Comments
PolicyWorks: Your Credit Unions One Stop Compliance Shop

PolicyWorks

The League has partnered with PolicyWorks so that member credit unions can have access to the PolicyWorks’ compliance hotline, which provides email and telephone access to PolicyWorks’ regulatory experts to answer compliance related questions. PolicyWorks also provides member credit unions with up-to-the –minute compliance news and information.

What Can PolicyWorks Do for You?

As part of your League membership you have direct access to PolicyWorks dues-supported compliance services. PolicyWorks, is a national leader in credit union compliance solutions and provides the following services free of charge to your credit union: {Read The Full Article}

Posted May 20th, 2015 No Comments
You Can Help Members Save on Car Insurance This Summer

Ready-to-use marketing materials from the TruStage® Auto & Home Insurance Program make it easy to promote car insurance savings from May through July.

Summer is the peak car buying season. Plan to promote car insurance savings when assisting members with car shopping activities.

It’s Easy to Promote the Savings

Credit unions who endorse the TruStage Auto & Home Insurance Program can promote the savings with help from the new Marketing Highlight Series – a series of 2015 marketing campaigns for car, life and health insurance. All ready-to-use marketing materials can be found at cunamutual.com/highlightseries and include the following:

  • Web banners
  • EmailCONNECT messages
  • Flyer
  • Newsletter article
  • Brochure, statement stuffer and more
  • Social media posting guide

Want to learn more about making TruStage insurance available to members through the TruStage Insurance Program? Contact your CUNA Mutual Group Sales Representative today at 800.356.2644.

The TruStage Insurance Agency makes coverage available from industry-leading companies including Liberty Mutual Insurance and Esurance. Your credit union can rest assured that your members will be taken care of by experienced, member-friendly experts who deliver the guidance, advice, information, support, and member-only discounts they’ve come to expect from the credit union. Members can get a quote in just minutes via phone, face-to-face or online—and it’s easy to make the switch from a current carrier at any time.

What drives Middle American car buyers? Find out in our latest webinar.
As we approach the peak car buying season, do you know what drives Middle American car buyers? About 15% of middle-income Americans are planning to buy a vehicle in the next year, so now is a great time to get some new insights about what makes them tick. The answers are both remarkably simple and surprisingly complex.

TruStage® Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. To  the  extent  permitted  by  law,  applicants  are  individually  underwritten;  not  all  applicants  may  qualify.  Discounts  are  not  available  in  all  states  and  discounts  vary  by  state.  A  consumer  report    from a  consumer  reporting  agency  and/or  motor  vehicle  report  will  be obtained on all drivers listed  on your policy where state laws and regulations allow. Please consult your policy for specific coverage and limitations.  The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.

Posted May 20th, 2015 No Comments
Overdraft Survey

In an effort to gather information regarding overdraft protection programs offered by Nebraska credit unions,  Below is a link to a survey that we’re respectfully asking you to complete to assist us with our information gathering.  The Consumer Financial Protection Bureau (CFPB) continues to study overdraft protection programs and is likely to issue new rules in the future.  We greatly appreciate your assistance with this survey!

https://www.surveymonkey.com/s/Overdraftsurvey

Contact Brandon Luetkenhaus, brandon@nebrcul.org, with any questions or comments.

Posted May 20th, 2015 No Comments
LoveMyCreditUnion.org Goes Responsive!

Lovemycreditunion

If you haven’t noticed yet, the LoveMyCreditUnion.org website is now responsive. That means whether you or your members access our website on a laptop, tablet or smartphone – everyone will have an optimal user experience. Read more

Posted May 20th, 2015 No Comments
How is Your Credit Union Managing Compliance?

ComplySight_ad_Full_Page_man

Posted May 20th, 2015 No Comments
Lincoln Chapter Zoo Drive

Lincoln-Chapter

The Lincoln Chapter of Credit Unions is proud to announce the success of their Zoo Drive.  They raised $300 and donated multiple items. The chapter would like to thank everyone for participating to make this event successful.

Posted May 20th, 2015 No Comments
AFG’s Balloon Lending Program Drives Successful Residual-based Financing for Missouri Credit Union

ABECU-Case-Study-2015_1 {Read The Full Article}

Posted May 20th, 2015 No Comments
Credit Union Members Can Join the Sprint Network and Save

sprint

Give your members access to a great wireless network at a great price with the Sprint Credit Union Member Discount Program. As part of Love My Credit Union Rewards, Cooperative Solutions Group (CMG) is bringing your credit union and its members this exclusive discount. {Read The Full Article}

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