Posted April 15th, 2015 No Comments
Turn Your Succession Plan into a Succession Strategy

Turn your succession

Did you see the statistics presented by CUNA that tell us more than 50% of credit union CEOs are eligible to retire in the next 10 years?* Is your credit union sufficiently prepared to retain (or recruit) your CEO’s successor, to help in continuing to meet your strategic objectives? With C-suite executives being actively recruited every day, a succession plan typically isn’t enough. You need a succession “strategy”; one that will prevent disruption of meeting your strategic and financial goals through continuity of decision making.  {Read The Full Article}

Posted April 15th, 2015 No Comments
Transportation Network Companies (TNC) Bill Gains Traction in State Legislature

Numerous state legislatures across the country are either considering or have considered bills regulating transportation network companies. The Nebraska Unicameral is no different. Legislative Bill 629, introduced by State Senator Heath Mello, seeks to establish a comprehensive framework for the Public Service Commission to regulate companies like Lyft and Uber; commonly referred to as transportation network companies. {Read The Full Article}

Posted April 15th, 2015 No Comments
Mary Johnson inducted into Hall of Leaders

mary johnson

Omaha Police FCU’s Mary Johnson, President/CEO, was inducted into the Credit Union House’s Hall of Leaders in Washington D.C. on March 9, 2015.  The Hall of Leaders is reserved for those credit union advocates whose commitment has made a significant impact on the credit union movement at the local, state, and federal level.  Inductees have shown commitment that inspires others in the credit union movement.  Johnson joins three other Nebraskans who were previously inducted: Hall Allen, Volunteer, University of Nebraska FCU; Jim Cada, Volunteer, Peoples Choice FCU; and Ken Bradshaw, former President/CEO, Liberty First CU.

{Read The Full Article}

Posted April 15th, 2015 No Comments
Good News from AFG 2015

afg

Value and Simplicity with a Vehicle Financing Program

According to Experian’s State of the Automotive Finance webinar, roughly 30% of all new car purchases used some form of residual based financing.  Your members look toyou for the best rates on conventional loans, but have been forced to captives and your competitors for alternative low payment financing…until now. Here’s the good news!  Auto Financial Group’s (AFG’s) Balloon Lending program positions your credit union to recapture those member loans currently being lost to competitive low payment financing options.

AFG offers an intelligent solution by providing user-friendly, customized web-based software designed to make it easy for your credit union to offer low payment financing to your members! {Read The Full Article}

Posted April 15th, 2015 No Comments
Register for Annual Meeting & Convention!!

register

We’re Making a Splash – Together!!  Annual Meeting and Convention will be June 4-6 in Kansas City, jointly with the Kansas Credit Union Association.  Registration is now available online.  Please visit the Annual Meeting page under League Initiatives.

Posted April 15th, 2015 No Comments
CUNA has Major Concerns with NCUA White Paper 

Last week, NCUA released a NCUSIF Improvements White Paper suggesting changes to the operation and structure of the NCUSIF. The paper recommends legislation that would make the following changes: 

Allow the agency to levy premiums sufficient to increase the equity ratio of the fund far beyond current limits. The white paper suggests the NCUSIF needs an equity ratio of “at least 2%,” compared to the current operating range of 1.2% to 1.3%;

Base assessments on the sum of all shares and deposits and liabilities, not just insured shares; and

Allow risk-based premiums.

{Read The Full Article}

Posted April 15th, 2015 No Comments
New Biz Kid$ “Did You Know?” YouTube Videos Highlight Resources for CUs – Tools Enhance Youth Financial Literacy Efforts

Madison, Wis. – The National Credit Union Foundation (the Foundation) has released 10 short “Did You Know?” video clips to help credit unions learn about the many resources the Biz Kid$ website has to offer.

biz1

{Read The Full Article}

Posted April 15th, 2015 No Comments
Capitol Club Classic – May 14th

Capitol Club Classic

FORE!!  It’s time to register for the Capitol Club Classic golf outing on May 14th.  Come out and support the CIF, while enjoying a round at beautiful Woodland Hills in Eagle, Nebraska.  Click HERE to get signed up.  We’ll see you on the links!  Download the brochure.

Posted April 15th, 2015 No Comments
Two Lincoln Nebraska Credit Unions Announce Merger Plan

LincOne Peoples Choice Press Release

 

LINCONE Federal Credit Union’s branch location at 5705 S 86th Drive, Lincoln, NE 68526.

 

Lincoln, NE – LINCONE & Peoples Choice Federal Credit Unions have announced plans to merge to create a larger, stronger credit union that will benefit the community with a more diversified membership, expanded choices in financial products and services, improved convenience and a greater asset base that can lead to operational efficiencies.  {Read The Full Article}

Posted April 14th, 2015 No Comments
CUNA joins class action suit against Home Depot

Washington, DC (April 15, 2015) – The Credit Union National Association (CUNA) has agreed to join credit unions and other financial institutions nationwide as a plaintiff in a class action lawsuit against The Home Depot following the merchant’s massive data breach in September 2014.

“Credit union members need a solution to the problem of merchant data breaches,” said Jim Nussle, President and CEO of CUNA. “Credit unions around the country have been dealt a huge blow by merchant data breaches and CUNA expended significant resources and has been diligently working with its credit union members to address and respond to the Home Depot data breach.  CUNA did not make the decision to join the lawsuit lightly; we stand with our credit union members and believe consumers must be protected from merchant negligence. Home Depot continues to operate using the inferior systems and procedures that gave rise to the breach and it is unacceptable.”

CUNA has been heavily involved in the issue of merchant data breaches by corresponding and meeting with federal lawmakers and their staff and will continue all efforts to ensure any and all data security-related bills afford credit union members with the greatest protection possible. CUNA studies show that the Home Depot data breach alone cost credit unions and their members tens of millions of dollars and the merchant has acknowledged that 56 million credit and debit card were compromised in the breach.

CUNA joins a number of credit unions and other financial institutions as plaintiffs on this case.

Posted April 14th, 2015 No Comments
We CUSO…Do You?

KS Corp

Credit unions know what their members need and as such, they work to deliver it. Could you internally develop each and every service your members demand? Probably. Would it cost you an arm and a leg? You betcha. Are there alternatives? Scads. Swimming around in the pool of potential partners are CUSOs, credit union service organizations. CUSOs typically evolve from a credit union identifying a strength within their organization that correlates to a need in the marketplace.

When choosing a partner to deliver the services your members demand, should supporting the credit union system factor into the decision-making process?  {Read The Full Article}

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