Posted July 19th, 2012 No Comments
Bike Taxi Mid-Season Report

The first half of the 2012 Better Your Money Bike Taxi tour has just wrapped up.  With trips through Lincoln, Omaha, Seward, Beatrice, and Fremont already under its belt and trips to Millard and Kearney on the horizon, the rickshaw is certainly going to have its cab full the next couple of months. {Read The Full Article}

Posted July 18th, 2012 No Comments
Imagine…and You Will Have to Imagine One More Time, Soon

Imagine coming to work Monday morning, first thing the phone rings, it’s an important voice to you and they are telling you that they need your help and they are counting on you. Imagine this happening 20 times a day, all day, every day for three months. Different voices, numerous calls, the same concerns! For a CEO, these contacts could easily be directed to staff. For elected officials, they know that every contact represents a necessary advocate for them to keep their job. As an aside, they know and you should be keenly aware that during the next 90 days contacts like these will have their highest leverage for the entire upcoming Congressional session. Believe me, as a former Member of Congress, they listen and take note during these types of mass efforts. {Read The Full Article}

Posted July 17th, 2012 No Comments
Claim Your Youth

In this ever-changing; loan-to-deposit industry we have an issue attracting youth.  Luckily there is a way to attract this young demographic.  Take a look at this small article to learn how to start.

Posted July 17th, 2012 No Comments
Helping Customers Weather Tough Times

Though its lending went down due to the economic recession, Western Heritage Credit Union was flooded with deposits, growing $5 million in one year. Click Here for full article.

Posted July 17th, 2012 No Comments
SunCorp Staff Supports CUAid

(Westminster, Colorado) July 12, 2012 — SunCorp staff has decided to forego the annual company picnic and instead use those funds as a donation to CUAid to support the relief efforts for wildfire victims in Colorado, Wyoming, Utah, and other western states.

There are still wildfires burning in Colorado, Utah, Wyoming, and Montana that are affecting credit union members and staff. Two of the most destructive fires in Colorado history, Waldo Canyon and High Park, have recently been contained but at the cost of over 600 homes lost.

“Our staff has been very concerned about the credit union members and staff who have been affected by all of the wildfires,” said Lynn Baalman, Vice President of Human Resources. “Giving up our annual picnic is just the beginning of what we can do to help the victims.” {Read The Full Article}

Posted July 17th, 2012 No Comments
Lass: Is the Digital Age Changing Credit Unions?

The digital age has changed the way we read, listen to music and do business. And the effects of our digital lives are having an enormous impact on the credit union system. “Are we at a tipping point?”

That question was at the center of a powerful presentation recently, at CUNA’s America’s Credit Union Conference (ACUC). John Lass, CUNA Mutual Group Senior VP, Strategy and Business Development, presented a Thought Leader Session, ”Building the Credit Union of the Future.”

Lass raised the issue that “the credit union system could be in the midst of a ‘strategic inflection point’ due to rapid changes in the competitive landscape, digital technology and customer channel preferences.” A strategic inflection point is a major shift in an industry’s competitive dynamic. {Read The Full Article}

Posted July 16th, 2012 No Comments
CUNA Announces New Collaboration Initiative Site

MADISON, Wis. (6/18/12)–The Credit Union National Association (CUNA) is introducing a new website for the collaboration of ideas and initiatives to discuss issues that affect credit unions and to find solutions when needed.

The announcement was made during the 2012 America’s Credit Union Conference in San Diego.

Last year, CUNA’s Small Credit Union Committee affirmed previous feedback identifying back-office redundancy and lack of collaboration as one of the top issues facing credit unions and asked that CUNA develop a way to help member credit unions of all asset sizes find out more about collaborative efforts. {Read The Full Article}

Posted July 16th, 2012 No Comments
NCUA’s 2011 Annual Report Posted Online

NCUA posted the agency’s 2011 Annual Report online this week. Entitled Foundation for the Future, the annual report highlights NCUA’s activities and accomplishments in 2011.

The report noted that credit union membership increased by 1.3 million during the year, according to NCUA numbers. Delinquencies decreased, and credit union income increased by 41.2% during 2011, the agency added. Another key indicator- -return on average assets–climbed to 68 basis points (bp) by the end of the year, an 18 bp increase from 2010’s total. The number of credit union failures also declined in 2011, the NCUA added. {Read The Full Article}

Posted July 16th, 2012 No Comments
U.S. Supreme Court Upholds Health Care Reform Law

The U.S. Supreme Court ruled to uphold the constitutionality of almost all provisions of the Affordable Care Act (ACA) on Thursday, June 28. This means that the Health Care Reform Law will continue to be implemented as planned and provisions that are already in effect will continue, as well. Now is the time for your credit union to determine next steps and explore potential opportunities as a result of the changes that will be required. CUNA Mutual Group’s Health Care Reform website. {Read The Full Article}

Posted July 16th, 2012 No Comments
NCUA – Free Training

The Office of Small Credit Union Initiatives is offering FREE credit union training in your area! On August 1, 2012 we are hosting a Roundtable at the following location:

Omaha Marriott
10220 Regency Circle
Omaha, Nebraska 68114
(402)399-9000 {Read The Full Article}

Posted July 16th, 2012 No Comments
Is Your Third-Party Overdraft Provider Putting Your Credit Union at Risk?

On April 13, 2012, the Bureau of Consumer Financial Protection (CFPB) released Bulletin 2012-03 outlining its supervisory and enforcement authority over service providers associated with the institutions it supervises. Under Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) the Bureau is granted the authority to oversee these “supervised service providers.”

The Bulletin states that the CFPB intends to fully exercise its authority, including the ability to examine the supervised service provider’s operations on site as well as its compliance with Title X’s prohibition on unfair, deceptive or abusive acts or practices. {Read The Full Article}

Posted July 16th, 2012 No Comments
House Passes ATM Disclosure Bill

A bill that would eliminate the redundant regulatory requirement that credit union ATMs have a physical disclosure alerting consumers of a potential fee was passed by the House of Representatives on July 9th in a 371-0.  The ATM Disclosure bill (H.R. 4367) will eliminate the physical fee disclosure requirement for ATMs which has lead to frivolous lawsuits across the country against credit unions and banks in recent months.  Current regulation requires that ATMs have an electronic fee disclosure that prompts members to accept or decline any fee, as well as, a physical disclosure on the outside of the ATM.

Nebraska U.S. Senator Mike Johanns introduced a bill in the Senate (S. 3204) that would do the same as H.R. 4367.  The legislation will need to be considered by the Senate and if passed, be sent to the President for his signature.

Posted July 16th, 2012 No Comments
Consumer Financial Protection Bureau Proposes ‘Know Before You Owe’ Mortgage Forms

WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is proposing easier-to-use mortgage disclosure forms that will help consumers make informed decisions when shopping for a mortgage and avoid costly surprises at the closing table. The CFPB is also proposing a rule today that expands protections for “high-cost” mortgage loans.

“When making what is likely the biggest purchase of their life, consumers should be looking at paperwork that clearly lays out the terms of the deal,” said CFPB Director Richard Cordray, who will be speaking in Las Vegas today about the agency’s work to restore trust in the mortgage market. “Our proposed redesign of the federal mortgage forms provides much-needed transparency in the mortgage market and gives consumers greater power over the exciting and daunting process of buying a home.” {Read The Full Article}

Posted July 16th, 2012 No Comments
Alerts & Updates to Come via Text Message

The Nebraska Credit Union League (NCUL) rolled out a new mobile text alert & update system they are calling CU VIP Text Club. The text club will provide credit union staff and volunteers with important legislative alerts and updates with a short text message. A key advantage that credit unions have in the legislative and political arenas is our grassroots strength. {Read The Full Article}

Posted July 16th, 2012 No Comments
NUFCU Opens New Main Branch Building

The University of Nebraska Federal Credit Union celebrated the grand opening of its new Main Branch building.

Located at 1720 P St., the new building opened for member use July 2. A weeklong grand opening celebration is July 23-27 during regular business hours. {Read The Full Article}

Posted July 16th, 2012 No Comments
Card Programs Help Credit Unions of All Sizes

No matter how big or how small your credit union is, you can offer your members debit and credit card services through our partnership with the Illinois Credit Union League Services Corp. Its turn-key programs fit the needs of nearly any credit union. Through the program you can offer debit and credit cards to your members without adding staff. {Read The Full Article}

Posted July 16th, 2012 No Comments
Call Center Outsourcing

Call Centers are a critical part of many credit unions’ connection to their members. While members are adopting self-service access points like mobile banking, the need for phone contact remains. Now, more than ever, credit unions are turning to outside sources to complement or replace internal call centers. {Read The Full Article}

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