Posted September 13th, 2012 No Comments
Bike Taxi Finishing Strong

The rickshaw has been running around the state all summer and recently finished trips to the Septemberfest Parade in Omaha, the Millard Days Parade and the Family Focus Member Appreciation Day. During the parades, the rickshaw carried two lucky credit union members that handed out candy to the parade’s attendees. After the parade, the bike taxi stuck around to give free rides to anyone looking for a fun mode of transportation. {Read The Full Article}

Posted September 12th, 2012 No Comments
SAC Federal Credit Union Helps Fund Plattsmouth Elementary School Outdoor Education Classroom Park

SAC Federal Credit Union Helps Fund Plattsmouth Elementary School Outdoor Education Classroom Park.

SAC Federal Credit Union is pleased to help fund the Outdoor Educational Classroom Park at Plattsmouth Elementary School.  SAC FCU will provide a four year commitment giving $2,500.00 starting 2012 and ending in 2015.

A check for $2,500.00 was presented on Friday, September 7, by SAC FCU’s Plattsmouth Branch Manager, Richele Sievers, to Plattsmouth Schools Superintendent, Dr. Rich Hasty.  This is a four year commitment and the school will raise matching funds.  In all SAC FCU’s gift will total $10,000.00 plus generate matching funds of $7,500.00. {Read The Full Article}

Posted September 12th, 2012 No Comments
Have You Updated Your Credit Union Listing?

aSmarterChoice.org replaced FindaCreditUnion.com as the national database that matches consumers with credit unions they can join in their communities.  The site also contains many tools consumers can use to find out more about credit unions, comparative daily rate charts, consumer testimonials, and videos illustrating why credit unions are a smarter choice for financial services.

The website is only valuable in directing consumers to your credit union if your information is correct.  Be sure that all your branches, including your main location, are listed, that all phone numbers are current, and that your field of membership is updated.  Go to www.aSmarterChoice.org and scroll to the very bottom of the home page.  There you will find the link to Update Your Record.  From there you will be able to log in and make the necessary changes.

 

Posted September 12th, 2012 No Comments
Free Registration Open for October 9 Online Discovery Conference

Registration is now open for CUNA Mutual Group’s 3rd Annual Online Discovery Conference. The October 9 event gives credit union professionals a unique insight into the industry from the convenience of their computer…and it is all free.

Conference sessions are designed for CEOs and their senior leadership teams, but all credit union employees are welcome.

Attendees are invited to participate in 13 sessions, network with hundreds of other industry professionals and to visit the Discovery Expo Center. The content shared is innovative, useful information that can be put to use right away. {Read The Full Article}

Posted September 12th, 2012 No Comments
CFPB Delivers Semi-Annual Report to Congress: Mortgage, Credit Card and Overdraft Issues Account for 83% of Complaints

Consumer complaints, and how those complaints have been resolved, were addressed in the CFPB latest semiannual report to Congress.

The agency said it received 55,300 consumer complaints between July 21, 2011 and June 30, 2012. Mortgage issues prompted 43% of those complaints, and 34% of the complaints received were tied to credit card accounts.

More than half of the mortgage complaints related to loan modifications, foreclosures or collections. The CFPB said a large number of consumers expressed confusion about whether making timely trial period payments would help them receive permanent mortgage modifications. {Read The Full Article}

Posted September 12th, 2012 No Comments
2012 Compliance Conference Coming in October

The League’s Compliance Conference, to be held on October 10 & 11, 2012, will provide an update on the current compliance and regulatory issues facing credit unions, as well as, a look at what the Consumer Financial Protection Bureau (CFPB) is up to.

The two-day session will focus on a myriad of topics including: {Read The Full Article}

Posted September 8th, 2012 No Comments
League Hike’s the Hill

On September 11th and 12th, League staff traveled to Washington D.C. to participate in a national fly-in organized by the Credit Union National Association (CUNA) to push for an increase in the cap on credit union business lending.  Leagues’ from across the country coordinated efforts on Capitol Hill to urge lawmakers to pass legislation (H.R. 1428, S.2231 ) which would allow the National Credit Union Administration (NCUA) to raise the cap on small business lending for credit unions which is currently 12.25% of total assets.

The legislation contains stipulations that require credit unions seeking an increase to have been making member business loans for at least 5 years, have a strong track record of safe business lending, and have reached 80% of the current cap within the previous four quarters.  CUNA held a press conference on Capitol Hill where the leading sponsors of both the Senate and House bills spoke and urged Congress to act on the matter.  Sen. Mark Udall (D-CO) and Rep. Ed Royce (R-CA) introduced the respective bills.  Also in attendance were multiple outside interest groups that support increasing the cap.

“Congress has the opportunity to make more capital available to small businesses in a way that doesn’t cost the taxpayers a dime and doesn’t increase the size of government” said League President/CEO Scot Sullivan.  “This is common sense legislation that needs to be passed so that small businesses have more options when trying to access capital so that they can start or grow their businesses,” said Sullivan.

CUNA estimates that passing legislation would free up more than $13 billion in capital and create over 140,000 jobs within the first year of passage.

Posted September 7th, 2012 No Comments
Watch Your Portfolio’s Potential Grow with ProDirect!

Position your financial institution for transaction and balance growth this year! With a ProDirect® acquisition campaign, reach out to your most responsible account holders that don’t have your credit card. We can help you achieve your portfolio growth goals for 2012!

With ProDirect, you set the decision parameters so only those accounts that meet your lending criteria are approved. To help ensure you are compliant with CARD Act and Regulation Z, ProDirect provides debt-to-income calculations based on your specifications. It is easy to implement and FIS™ does all of the work.

There are only a few Pro Direct opportunities left for 2012.  Must enroll by November 9, 2012 for the ProDirect mailing date of January 31, 2013.

Posted September 7th, 2012 No Comments
Project Zip Code Helps Grassroots Efforts

Credit unions that use CUNA’s Project Zip Code know which congressional and state legislative districts and counties their members live in without compromising their members’ privacy.

“Credit unions are always growing, districts are changing, and members are moving across the county – or the country, even though they keep their credit union membership,” explained CUNA SVP, Political Affairs Richard Gose.

In addition to the mobility of credit union members, the changing of legislative districts for the upcoming election is a concern of many credit unions.  As new district maps are approved, credit unions that have run the latest version of Project Zip Code (version 12.0) will automatically have their members matched to the current and new legislative districts.  This will give credit unions a great advantage as we talk to new legislators and candidates about the credit union difference. {Read The Full Article}

Posted September 7th, 2012 No Comments
PolicyAid – Your Credit Unions Online Policy Library

The Challenge

With the regulatory environment changing so rapidly, and the penalties for noncompliance so severe, it’s imperative that credit unions keep their policies updated.

The sheer number of regulations, too, creates challenges.  Credit unions may not have the time, resources, or expertise to update policies on a regular basis.

The Solution

PolicyWorks has developed PolicyAid, a comprehensive online policy library to help your credit union develop and maintain policies as regulations change. Best of all it Is provided free of charge to all affiliated credit unions. {Read The Full Article}

Posted September 7th, 2012 No Comments
Nebraskans Save More Than a Million Dollars with New Credit Union Program

Only seven months in to the Save-to-Win program, participating Nebraska Credit Unions have collectively saved more than a million dollars.

The Save-to-Win program was launched in January as an effort to encourage good financial fitness and savings habits by rewarding members to build a nest egg. The program has already seen tremendous success with approximately $1,123,880 saved (approximately $857.27 per account), with more than 1,300 Nebraska credit union members participating. {Read The Full Article}

Posted September 7th, 2012 No Comments
International Credit Union Day

On Oct. 18, 2012, credit union members around the world will celebrate International Credit Union Day, an event to commemorate the credit union movement’s impact and achievements. In honor of this special day, credit unions invite members and the whole community to experience the CU difference.

Credit unions are not-for-profit financial cooperatives that provide an effective and viable alternative to for-profit financial institutions for more than 196 million members in 100 countries worldwide. They exist to serve their members, providing a safe place to save money and access affordable loans. {Read The Full Article}

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