Posted July 18th, 2018 No Comments
Upcoming NCUL Events

Save the Date for these upcoming events that you don’t want to miss!Calendar

 

Children’s Hospital Carnival – August 7th

CU Direct Lunch and Learn – August 15th

Children’s NICU Reunion Carnival – September 9th

Fall Advocacy Forum – September 19th

Compliance Conference – October 10-11th

International CU Day – October 18th

 

Posted July 18th, 2018 No Comments
Cal Hinz Architects Design Sunflower UP Credit Union

Sunflower FCU 200x200

Sunflower U.P. Credit Union desired a “homey and inviting” design for their new business location, so CLH Architects’ Tim Werner, AIA, designed a building that would blend within the context of the surrounding community.  The perceived mass of the building was reduced by adding high and low slopes to the roof.  Tim also added a wrap-around porch that is of a size and scale of a family home, and the exterior windows are to a residential scale. The addition of dormers and the client’s sunflower icon echo the elements of farmhouse vernacular.

Inside, the credit union’s patrons will likely be surprised by the spaciousness of the tall lobby with clerestory windows, but there will still be a homestyle aesthetic because the flooring and finishes will be in a warm color range with natural hues.  The floor plan supports 3 teller stations with easy access to the drive-thru window, 6 offices, and a conference room.  Additionally, the file storage room is comprised of CMU for the security of the files, but it is also spacious enough to be a shelter for staff and customers in the event of a severe storm or tornado.

The building is sited to have good visibility as people approach the downtown area from the west.  There is a drive-thru lane with the option of a teller or an ATM for Sunflower’s members, and a parking area in the rear.  CLH Architects provided additional support to the client by assisting in a presentation to the Marysville City Council.  The presentation was in support of a request by Sunflower UP FCU to have the city share costs for improvement of the alley on the lot that is utilized by customers as they access the drive-thru and surface parking.  Improvements include new pavement, widening, and designating it as a two-way access road.

In keeping with their “down home” approach, Sunflower UP Federal Credit Union desired to invest in their local community by involving local businesses with this project.  CES Group is a local civil engineering that did civil and survey work for the site.  The building contractor is from the local area, and is an example of how CLH Architects works with credit unions to achieve their goals.

Construction completion is estimated to be in the Autumn of 2018.

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Posted July 18th, 2018 No Comments
NE Credit Unions Top Forbes “Best-In-State Banks and Credit Unions”

Credit unions, including Nebraska credit unions, received high marks in a recent consumer survey conducted by Forbes and marketing research firm Statista. There were more than 25,000 consumers surveyed nationwide on their opinions of their current and past banking relationships. Both banks and credit unions were rated on consumers overall satisfaction and recommendations as well as trust, terms and conditions, branch services, digital services and financial advice. The survey included state specific results for both credit unions and banks.

The survey results found credit unions nationwide outpacing banks with a score of 80 versus 75.2 for banks. On a 1-5 scale, consumers gave credit unions a score of 4.42 and banks a score of 4.24. In the Best-In-State rankings, both Metro Credit Union (87.06) and the University of Nebraska Federal Credit Union (86.52) topped the top bank, Pinnacle bank (84.69) in scoring. Liberty First Credit Union which ranked third among credit unions nearly outranked the top bank with a score of 84.15.

Best-In-State Credit Unions v. Best-In-State Banks

  1. Metro Credit Union – 87.06
  2. University of Nebraska Federal Credit Union – 86.52
  3. Pinnacle Bank – 84.69
  4. Liberty First Credit Union – 84.15
  5. 1st National Bank – 82.82
  6. Great Western Bank – 77.29

“Consumers are opening their eyes to credit unions in Nebraska and nationwide” said Scott Sullivan, President/CEO of the Nebraska Credit Union League. “The credit union structure being not-for-profit and owned by their members appeals to consumers across Nebraska and it shows in the results of the Forbes survey as well as in credit union membership growth in Nebraska which has increased by 9% over the last five years” said Sullivan.

Posted July 18th, 2018 No Comments
Navigating Risks in the Lending Landscape

While speaking at a recent credit union league conference, I was asked by an attendee, “Are we going to learn how to be risk-free?” I responded, “If our goal is a completely risk-free credit union, then we can turn off the lights and go home.”

Risk is inherent in lending. Because there is risk in lending to members, we earn a premium when a loan is repaid in the form of interest and fees. Therefore, our goal should not be to avoid risk, but to successfully manage it within tolerances established by our Board of Directors.

Historically, lenders have used the five “Cs” of credit to assess risk and approve loans: character, capacity, capital, collateral and condition. However, the complexity of the lending landscape now goes beyond traditional credit risk and requires credit unions to consider the following risk factors:

Application Fraud – Unfortunately, before we examine the credit worthiness of a loan application, we must now consider the legitimacy of the applicant. Is the application from a fraudster that has compromised someone else’s identity? Is the applicant a real person, or a creation of a synthetic identity using components of several legitimate characteristics?

Demand for a more virtual delivery channel – The need to attract younger members requires credit unions to meet the prospective member where they are, which is most often at the other end of a mobile device, and not in your branch lobby.

Increased competition from FinTech lenders – Cutting edge FinTech companies and technological innovation are changing the competitive landscape and forcing traditional lenders to rethink how they deliver products and services.

Considering all the challenges and the complexity of the lending landscape, there has never been a better time for credit unions to begin the strategic discussion to help them thrive in the current environment. Consider the following competitive advantages when developing long-term goals for your lending program:

–Technology can work for you, not only against you. Increasingly, credit unions are partnering with companies that provide the technical expertise to accomplish transaction security, allowing lenders to focus on what they do best – take care of members.

–The credit union movement’s cooperative philosophy where each member has a vote aligns perfectly with the millennial generation’s desire to partner with ethical companies where they feel they have a voice and can impact the future of their financial institution. The credit union message will resonate with millennials once we consistently figure out how to reach them.

–After growing too quickly and experiencing credit losses, FinTech lenders recently raised their approval criteria to require higher credit scores. This gives credit unions an opportunity to regain market share and grow their member base. Credit unions are much more qualified to assess the total credit risk in the relationship than a transactional, online lender.

Navigating the lending landscape is challenging. This list only scratches the surface of how complex the lending landscape has become in recent years. Regulatory compliance, expansion into commercial lending, and vendor due diligence are also important considerations for a successful lending program. Start by identifying who you are as an organization and capitalize on your strategic advantages. But, don’t forget about those five “Cs” of credit.

Jim Bullard is a risk management senior consultant for CUNA Mutual Group, the leading provider of insurance and financial services to credit unions and their members. In this role, Jim is responsible for risk and compliance consultation and thought leadership with an emphasis on risk management strategy related to lending functions. Jim frequently speaks on a variety of lending topics. Contact him at James.Bullard@cunamutual.com.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Corporate headquarters are located in Madison, Wis.
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©2018 CUNA Mutual Group, All Rights Reserved.

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Posted July 18th, 2018 No Comments
Introducing Sprint’s New Unlimited Plans: A Plan for Every Member

There’s never been a better time for your members to switch to Sprint! Beginning July 13, Sprint will launch new Unlimited plans for every member, no matter what they are looking for all on the Sprint Network – built for Unlimited at the BEST price.

Unlimited Plus

The Unlimited Plus Plan is full of features your members will love, for a price they’ll love.

-Sprint Unlimited Plus includes:
-TV they love, with Hulu
-Music streaming with TIDAL
-15GB LTE Mobile Hotspot to keep all their devices connected
-Streaming in Full HD
-In Mexico & Canada, enjoy Unlimited Talk, Text and 10GB of 4G LTE Data
-Global Roaming in over 185 worldwide destinations
-Unlimited Data, Talk and Text Nationwide

To save even more, they also get 50% off Verizon and AT&T rates for a family of five when your members bring their phones or buy new ones outright. A flyer to promote this plan is available in the Partner Center under “Sprint Promotions.”


Unlimited Basic

Your members can switch to Sprint and get five lines of Unlimited Basic for $32 per month per line*.

Unlimited Basic Includes:

-TV they love, with Hulu
-Stay connected with 500MB Mobile Hotspot
-Streaming in DVD-quality
-In Mexico & Canada, enjoy Unlimited Talk, Text and 5GB of 4G LTE Data
-Global Roaming in over 185 worldwide destinations
-Unlimited Data, Talk and Text Nationwide

Want Unlimited HD? Your members can add it for only $10 more per month per line.

As always, these plans can be stacked with the Sprint Credit Union Member Cash Rewards program. Encourage your members to switch to Sprint and get the Unlimited they want at the best price today!

* Limited time offer. $60/mo for line 1, $40/mo for line 2 and $20/mo/line for lines 3 and 4 with AutoPay. 1 Hulu Limited Commercials plan per eligible Sprint acct. MHS reduced to 3G speeds after 500MB/mo. SD video streams up to 480p, music up to 500 kbps, gaming up to 2 Mbps. Data deprioritization during congestion. Other mo. charges apply.**

sprint

 

Posted July 18th, 2018 No Comments
First Look: Lending 360 and Lending Insights

Join us for lunch and a first look at CU Direct’s loan and account origination products and portfolio analytics tool. RSVP to attend this event at one of the locations listed below or join us remotely via WebEx.

August 15th
12:00 – 1:00pm CST
Nebraska CU League
4885 S. 118th St, Suite 150 Omaha, NE 68137

August 16th
12:00 – 1:00pm CST
LincOne FCU
2500 N St. Lincoln, NE 68510

Email Kory to Register for the live sessions.  Register HERE for the WebEx.

Lending 360 is an industry leading account and loan origination system; designed to enhance operational efficiencies, member experiences and the credit union’s bottom line. During this session you will see:

Member Origination Experience and Autonomous Funding
Cross-sell and Refinance Engine
Custom Workflow and Queue Management

Lending Insights has taken the lead with its Lending Portfolio

Management System. We provide our lending partners with a
best-in-class system that helps to more effectively manage loan
portfolio risk, meet regulatory requirements, and increase profitability
and growth. During this session you will see:

Credit Score Migration
Static Pool Analysis
Multi-Dimensional Analysis
Dealers Score Cards

Please arrive 15 minutes early. Lunch sessions will begin promptly at noon.

CU_Direct_Corp_RGB LOGO

 

Posted July 18th, 2018 No Comments
CU Solutions Group and CUNA Strategic Services Form Partnership Alliance

CU Solutions Group (CUSG), a leading technology, marketing and HR performance management CUSO and CUNA Strategic Services (CSS), recently announced that they have entered into a new, three-year alliance agreement. The alliance, effective June 30, 2018, reaffirms both organizations’ commitment to provide credit unions and their members with high-quality technology and marketing solutions in collaboration with CSS and state leagues.

“CU Solutions Group and CUNA Strategic Services have always had a strong working relationship, and share the same vision to continue to serve credit unions with unique solutions that help enhance the member experience and value to the membership,” said CU Solutions Group President and CEO Dave Adams. “This alliance expands on an existing agreement and lays a foundation for future shared investment and service delivery.”

“As credit union advocates, we are always seeking ways to help credit unions grow and serve their members more effectively,” said CUNA Strategic Services President Eric Gelly. “We are happy to expand our alliance with CUSG as a well-respected CUSO serving credit unions nationwide with unique technology, marketing and HR products.”

In the agreement, CSS will provide marketing and support activities for the following CUSG core products:

– ADA Compliance — web-based tools which helps credit unions comply with ADA standards and regulations and strengthen their web channel to better serve members who are vision or hearing impaired or challenged with other disabilities. As consumer cooperatives, credit unions should be leaders in providing this quality member experience.

– Web Design & Hosting — delivers a customized and modern website design that is responsive and search engine optimized blending CUSG’s technology and marketing expertise.  CUSG’s best-in-class hosting environment is used by over 400 credit unions providing unparalleled security against DDoS attacks and other intrusions. Protecting against these service disruptions is among credit unions’ highest priorities.

– LifeSteps Wallet — helps credit unions enhance their mobile banking features to support and simplify shopping, auto, home and financial wellness decisions using the credit unions financial services offerings. It also helps differentiate credit unions’ mobile banking product from their competition. Launched in early 2018, ten credit unions have already contracted with CUSG for this unique disruptive product.

– Sprint — in partnership with CUSG, Sprint’s largest affinity partner program, the Sprint Credit Union Member Cash Rewards Program offers members cash incentives for switching their wireless service to Sprint. Credit unions benefit by offering another benefit of credit union membership and by receiving marketing reimbursements for their promotional efforts. CUSG paid more than $8 million in marketing support in 2017. More than 1,700 credit unions currently promote the Sprint program to their members.

– Intuit Turbo Tax Products — the TurboTax Credit Union Members Discount Program provides credit union members with a discount on their online tax filing services. Credit unions benefit from tax refunds flowing into member checking accounts while providing another reason to love the credit union. CUSG is Intuit’s largest affinity partner in the financial services sector.

Since its inception, CSS has developed partnerships that strengthen state leagues’ core offerings and provides solutions to credit unions that save them money, improve operating efficiencies and helps better serve members.  This new alliance with CUSG will strengthen this core CSS objective.

 

Posted June 21st, 2018 No Comments
Kraninger Nominated to Head CFPB

President Trump nominated Kathy Kraninger to head up the Consumer Financial Protection Bureau or CFPB. Kraninger is currently associate director for general government at the Office of Management and Budget (OMB).  Critics of the nomination have pointed to her lack of experience in finance, banking regulation or consumer protection. She will face what some say will be a tough confirmation process in the United States Senate.  If confirmed by the Senate, Kraninger will take over from current acting director of the Bureau Mick Mulvaney who was appointed by President Trump to head the agency following the resignation of former director Richard Cordray.  The process to confirm Kraninger is likely to take upwards of 200 days and should her nomination be rejected, Mulvaney will continue as acting director.

Posted June 21st, 2018 No Comments
Hood to Be Nominated NCUA Board

It was announced that President Trump will nominate Rodney Hood to the NCUA Board to fill the board seat currently held by Rick Metsger.  Mr. Hood served on the NCUA Board under the George W. Bush Administration and was Vice Chairman of the Board.  Mr. Hood’s nomination will still leave one seat vacant on the three person board as former Board Chair Debbie Matz’s seat is yet to be filled.  Hood will join current Chairman Mark McWatters on the NCUA Board should his nomination be approved by the United States Senate.  Hood served on the Board from 2005 – 2010.  He currently serves as responsibility manager at JPMorgan Chase.

Posted June 21st, 2018 No Comments
NCUL Honors Fraser & CU’s for PAC Performance

During the Nebraska Credit Union League’s (NCUL) Annual Meeting & Conference held in Kearney, Nebraska June 12-13, the NCUL presented several awards to Nebraska credit unions for their outstanding efforts in raising funds for credit union PACs NCULPAC & CULAC. Additionally, the NCUL  Board of Directors presented Nebraska Energy FCU President/CEO Stan Fraser with the Hal Allen Legislative Leadership / Eagle Award.  The award is the highest honor that a Nebraska credit union advocate can receive for their service and dedication to the credit union industry’s advocacy efforts.

Stan Fraser was the fifth Nebraska credit union advocate to receive the Eagle Award.  Previous recipients included Hal Allen, Volunteer with the University of Nebraska FCU; Jim Cada, Volunteer with Peoples Choice FCU; Ken Bradshaw, President/CEO of Liberty First CU; and Dale Springer, President/CEO of Peoples Choice FCU.  Stan has served as President/CEO of Nebraska Energy FCU since 2009 but has been in the credit union industry for the past 32 years leading credit unions in several other states as well. Since being in Nebraska, Stan has been a staunch support of credit union advocacy both on the state level as well as the federal level.  He has attended nearly every CUNA GAC, Jam the Unicam, and countless other advocacy related events during his tenure as President/CEO of Nebraska Energy FCU.  He has chaired the League Advocacy Committee and been a top contributor to NCULPAC throughout his time in Nebraska. He ushered in payroll deduction at his credit union so that every staff member could participate in supporting the credit union PAC.  Stan was inducted into the Credit House’s “Hall of Leaders” in Washington D.C.

The following PAC awards were presented to these credit unions for their outstanding PAC fundraising efforts in 2017.

Medals of Honor – Top 3 Fundraising credit unions on a per member basis

GOLD – Family Focus FCU

SILVER – LincOne FCU

BRONZE – Liberty First CU

Capitol Gains – Credit unions achieving 100% participation from staff & volunteers

Family Focus FCU

Liberty First CU

Capitol Circle – Raised $1,000 or more

Centris FCU

Family Focus FCU

Liberty First CU

LincOne FCU

MembersOwn CU

Nebraska Energy FCU

Omaha Police FCU

Top Contributor – Credit union raising the highest dollar amount during the year

Liberty First CU

PAC Preservation Award – Outstanding efforts in payroll deduction

Family Focus FCU

Congratulations and thank you to this year’s PAC Awards recipients and to Stan Fraser on receiving the Hal Allen Legislative Leadership Award!

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Scott Sullivan, NCUL (left), Stan Fraser, NE Energy FCU  (center), Brandon Luetkenhaus, NCUL (right)

Posted June 21st, 2018 No Comments
2018 Distinguished Service Awards

Ron1

During a special Awards Banquet at the Nebraska Credit Union League’s Annual Convention, the 2018 Volunteer Distinguished Service Award was presented to Ron Burke, Chairman of the Board of Directors at the University of Nebraska Federal Credit Union.

The following was taken from Ron’s nomination letter “Ron likes to say he was added to the University of Nebraska Board of Directors to provide the common guys perspective. He understands the powerful advantage credit unions have to make an impact in the community through financial education.”

Ron recently completed his third and final term as Chairman of the Board. During his Board tenure he oversaw the construction of a new credit union facility, was instrumental in the hiring of a new CEO and ensured the continued financial strength, stability and growth of the credit union.

“We at the Nebraska Credit Union League offer our sincere congratulations to Ron. His distinguished volunteer service has made him truly deserving of this high honor. We thank him for his unwavering commitment to credit union causes,” said Scott Sullivan, Nebraska Credit Union League President/CEO.

 

Steve-Edgerton

Also during the special Awards Banquet at the Nebraska Credit Union League’s Annual Convention, the 2018 Professional Distinguished Service Award was presented to Steve Edgerton of Centris Federal Credit Union.

Edgerton has been heavily involved in the state and federal credit union movement for over 40 years. Steve began his career in credit unions when he was hired as Director of Audit Services for the League. He was promoted to Vice President in 1983 and was named President/CEO of the Association in January of 1988.

In 1997, Steve accepted a position of Vice President of Technology at Centris FCU. Steve currently serves as Vice President of Corporate Operations & Government Affairs Officer at Centris.

“Steve has been a tireless advocate for credit unions at both the association and credit union levels. He has fully embraced the credit union philosophy of people helping people. His contributions to the credit union movement at both the state and national level have been immense. It was with great admiration and pleasure that I was able to present the Professional Distinguished Service Award to Steve,” said Scott Sullivan, Nebraska Credit Union League President/CEO.

 

Congratulations to Ron and Steve!

Posted June 21st, 2018 No Comments
CHL Architects Designs Sunflower UP CU

Sunflower U.P. Credit Union desired a “homey and inviting” design for their new business location, so CLH Architects’ Tim Werner, AIA, designed a building that would blend within the context of the surrounding community.   {Read The Full Article}

Posted June 21st, 2018 No Comments
Register for CUNA Mutual Group’s Discovery Conference Today

Free Online Conference Delivers Insights on Driving Innovation for Today & Tomorrow

Discovery Conference 2018

MADISON, Wis. – CUNA Mutual Group announced today registration is open for its ninth annual, day-long Discovery Conference on Aug. 16. The conference brings together innovation experts and credit union leaders to help credit unions prepare for upcoming 2019 strategic planning sessions. The virtual, no-cost event is geared toward credit union CEOs and senior leadership teams.

“Our industry is experiencing rapid change in technology, competition, regulation, and consumer demands,” said Robert N. Trunzo, president and CEO, CUNA Mutual Group. “This year’s Discovery Conference will offer ideas and insights to form your credit union’s strategy for everyday success. We’ll cover key issues and trends such as the future of payments, data and analytics, and CEO secrets, so you’ll leave the conference feeling prepared to lead upcoming strategic planning sessions with your leadership teams,” Trunzo added.

Scott Bales, global futurist, innovation & digital strategist, and managing director of Innovation Labs Asia, will open and close the conference with keynote addresses speaking to helping credit unions uncover their competitive innovation edge and how to serve the modern consumer. Eight breakout sessions will take place between the opening and closing keynote addresses covering topics such as the economy, auto lending, data and analytics, lending in a rising interest rate environment, the future of payments, and what’s impacting small credit unions. View the agenda for more details.

In addition, attendees will have ample opportunities to network with industry leaders, pose questions, participate in “hot topic” chats, and visit “inspiration stations” in the exhibit hall.

All credit union and league employees are welcome and encouraged to attend. Register at www.cunamutual.com/discovery. Content will be available on-demand after the conference ends.

About CUNA Mutual Group: 
CUNA Mutual Group helps people plan, protect and invest for their future – regardless of their financial standing. The company was founded more than 80 years ago by credit union leaders who were looking for an insurance partner they could trust. Today, CUNA Mutual Group helps credit unions and hardworking Americans build financial security through commercial and personal insurance products; lending and payment security solutions; and risk management, retirement, investment and marketing services. Additional information about the company can be found at www.cunamutual.com.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company and MEMBERS Life Insurance Company. Corporate headquarters are in Madison, Wis.

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Posted June 21st, 2018 No Comments
PolicyWorks Holds Town Hall Webinar

Be sure to tune in for a Free webinar for affiliated credit unions.

 

NCUA Hot Topics

Tuesday, June 19th 1:00 pm CT

http://www.policyworksllccompliance.com/compliance-town-hall-june-2018

 

Topics will include new proposals concerning:

–payday alternative loans (PALs)

–extended exam cycles

–other recent agency activity

 

Posted June 21st, 2018 No Comments
New Manager at Roberts Dairy EFCU

Emily Briggs will take over for Russ Konecny at Roberts Dairy EFCU.  {Read The Full Article}

Posted June 21st, 2018 No Comments
Join us for the NCUL Lending Workshop!

Registration is now open for the 2018 Lending Workshop featuring Don Arkell of CU Lending Advice. {Read The Full Article}

Posted June 21st, 2018 No Comments
6 Key Differences Drive Multicultural Consumer Behavior

Over the past five years, multicultural consumers* have accounted for 100 percent of the U.S. population growth and 61 percent of credit union membership growth. {Read The Full Article}

Posted June 21st, 2018 No Comments
Trius FCU and Vaccaro Take Home CMN Awards

Trius Federal Credit Union was awarded the Outstanding Achievement Award and Mary Lynn Vaccaro was given the CU4Kids Champion Award at this year’s Annual Meeting and Convention.    {Read The Full Article}

Posted June 21st, 2018 No Comments
NCUL/HCUA Joint CEO Summit

You set the agenda!  That’s right – we’ll discuss what’s on YOUR mind.  Back by popular demand, join Kansas, Missouri, and Nebraska credit unions for a free-flowing, networking event.  Join us July 11th and 12th. {Read The Full Article}

Posted June 21st, 2018 No Comments
ADA COMPLIANCE PREPARATION

Your website could quietly put you at risk for lawsuits. {Read The Full Article}

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