Posted October 16th, 2015 No Comments
NE’s Congressmen Vote for TRID Delay

On October 7th, the House of Representatives passed a bill to hold credit unions and other financial institutions harmless from enforcement and litigation until February 1, 2016 from the Truth in Lending Act-Real Estate Settlement Procedures Act Integrated Disclosures or TRID rule while they work in good faith to comply with the new mortgage rule.  All three Nebraska Congressmen voted in favor of the delay.  “We appreciate Representatives Fortenberry, Ashford, and Smith supporting Nebraska’s credit unions by voting for this important delay in TRID enforcement.  Credit unions continue to be inundated with regulations coming down from Washington and so this delay will help to provide credit unions with some additional time to comply with the regulation without fear of penalty or suit” said Scott Sullivan, President/CEO of the League.  CUNA and the Leagues are urging the Senate to follow the House’s lead and pass the TRID Delay bill.     {Read The Full Article}

Posted October 16th, 2015 No Comments
Know the Benefits of ProDirect

ProDirect from Card Services for Credit Unions is for use with FIS Processed Credit Cards. Promote the benefits of your credit card program. Are you looking to take the guesswork and mystery out of direct mail card acquisition?  Save money and add cardholders with start-to-finish management of the acquisition process.

ProDirect® includes database scoring, customized solicitation, response tracking, new account set-up and card mailing. Plus, debt-to-income calculations based on each credit union’s criteria keep mailings UDAP/CARD Act compliant. Turning members into cardholders has never been easier.  {Read The Full Article}

Posted October 16th, 2015 No Comments
October is Cybersecurity Awareness Month

ALEXANDRIA, Va. (10/2/15)–October marks the 12th annual National Cybersecurity Awareness Month, and the National Credit Union Administration is offering a number of resources to help credit unions and their members keep their electronic communications secure.

“Criminals, hackers and terrorists work around-the-clock to pilfer sensitive data, steal money and disrupt networks,”said NCUA Chair Debbie Matz. “NCUA works hard every day of the year to provide detailed information to help the credit unions we regulate and the consumers we protect to prevent, detect and respond to these threats.” {Read The Full Article}

Posted October 16th, 2015 No Comments
NE CU Advocates Urge Reg Relief

Representatives from three Nebraska credit unions and the League traveled to Washington D.C. to participate in the 2015 Hike the Hill.  Every credit union League holds a Hike the Hill during the year as a way to stay in touch with members of Congress and to advocate the interests of credit unions and their members on Capitol Hill.   {Read The Full Article}

Posted October 16th, 2015 No Comments
NCUA October 15, 2015 Board Meeting Summary

Final Rule on Risk-Based Capital

The NCUA issued a Final Rule on Risk-Based Capital Measures, delegated authority to the Office of Consumer Protection for approval of Community Charter Requests, issued a Proposed Rule making technical corrections for permissible Investment Activities, and received a quarterly report on the (National Credit Union Share Insurance Fund (NCUSIF).   During the closed portion of the meeting the NCUA considered two Supervisory Actions and one Personnel matter.  These items were closed to the public. {Read The Full Article}

Posted October 16th, 2015 No Comments
Updates on NCUA Alerts

NCUA issues regulatory alert on MLA changes
In a new regulatory alert issued by NCUA, the agency clarified that federal credit unions can continue to make payday alternative loans under changes to the Military Lending Act, which took effect Oct. 1.

More: NCUA regulatory alert

NCUA releases guidance on fixed-assets rule
NCUA’s fixed-assets rule took effect Oct. 2, and the agency recently released several pieces of guidance, including a supervisory letter for agency field staff and a letter to credit unions that provides information on examination priorities.

More: CUNA: NCUA provides guidance on fixed-asset rule

Posted October 16th, 2015 No Comments
Mortgages Simplified

Centennial Lending is proud to have served credit unions in Nebraska for over thirteen years.  Our primary goal is to make mortgage lending convenient, efficient and cost effective for credit unions.  By partnering with Centennial Lending, credit unions can offer an outstanding suite of products to their members without taking on the employee expense and compliance costs of mortgage operations.

Credit unions are able to help with the application process, can easily quote rates and are kept apprised of the mortgage processing when they work with Centennial Lending.   We have created a simple product and rate quoting tool on our website and have invested heavily in a Loan Origination Software that is second to none.   {Read The Full Article}

Posted October 16th, 2015 No Comments
It’s Official!

Kansas Corporate and Missouri Corporate legally merged July 1, 2015, but there was still much work to be done in the 30 days that followed. Operationally, the two corporate credit unions merged, August 1st, with new members going live on coreCONNECT and conducting business as Kansas Corporate members, August 3rd

An idea that had been percolating for some time (as great ideas do), the merger between the two like-minded, service-oriented organizations, became more than a pipe dream last winter when state regulators gave their ‘okay’ to the merger. NCUA approval was granted at the regulator’s May 2015 meeting but plans and progress had been ongoing since talks began last fall. {Read The Full Article}

Posted October 16th, 2015 No Comments
Marketing Workshop – A Hit!

On September 17-18, marketers from across the state gathered in Lincoln to network, share practices, and gather valuable information to take back to their credit unions.  “I enjoyed attending the Marketing Conference in Lincoln.  It was very educational, refreshing and made me think outside of my box.  The speakers were very knowledgeable and energetic.  I came back to my credit union with lots of ideas that I plan to put to good use.   I also enjoyed the networking with others. It is nice to see what is working and not working at the other credit unions,” said Kathy Hilligas, Manager at Central Nebraska FCU.   {Read The Full Article}

Posted October 16th, 2015 No Comments
Lincoln USDA FCU Hires New Manager

Lincoln USDA FCU has hired Radley Breuer to be the new Manager.  Before joining the credit union, Radley was with Tabitha Healthcare for nearly 10 years in a variety of positions in the accounting office.  He and his wife Julie have three girls, Reagan (6) and twins, Hannah and Claire (16 months).  

lincoln2

Posted October 16th, 2015 No Comments
IRA Training Registration Open

Register now for the IRA Training on November 9-10 at the National Safety Council in Omaha.  Online registration is now open.  You can download the brochure HERE

IRA

Posted October 16th, 2015 No Comments
Governor Ricketts Signs Credit Union Day Proclamation

Lincoln – On October 14th, Nebraska credit union members joined Governor Pete Ricketts in the Warner Senate Chamber in Nebraska’s State Capitol, where he presented a proclamation designating Thursday, October 15, 2015 as International Credit Union Day in the State of Nebraska.  

In the proclamation, Governor Ricketts wrote, “Credit unions empower people to improve their economic situations in 105 nations around the world, through 57,000 credit unions currently serving the financial needs to 217 million members, including Nebraska’s 470,000 members”. {Read The Full Article}

Posted October 16th, 2015 No Comments
TruStage What Matters Now Research Reveals New Insights into How Middle-Income Americans Define Success

article-trustage-research-reveals-how-middle-income-americans-define-success-1 {Read The Full Article}

Posted October 16th, 2015 No Comments
HO HO HO!

Santa Letters are ready! If your credit union would like to promote the letters, please be sure to contact Amy Shaw for the forms. Last year we had over 1200 letters sent to kids all around the globe. Brighten a child’s holiday season with a letter from Santa!  Proceeds go to Credit Unions for Kids!

HOHOHO

Posted October 16th, 2015 No Comments
FHLBank’s Affordable Housing Program

Twenty-five years ago, the FHLBank System started a program that would change tens of thousands of lives across the country.

The Affordable Housing Program (AHP) requires each FHLBank to contribute 10% of its net income to affordable housing initiatives. Since 1990, FHLBank Topeka has awarded more than $210 million in grants to help ensure families and individuals have a safe, affordable place to call home. {Read The Full Article}

Posted October 16th, 2015 No Comments
Credit Union Foundation of Nebraska Gives Out First Grant

The CUFN gave out their first grant to Box Butte EFCU.  The credit union is bringing online banking to their members.  “I believe we would retain & gain more members if we would get this one simple thing that everywhere else in town has. Also implementing the online bill pay would be a great asset,” said Stevi Buskirk, Manager at Box Butte EFCU.

Congrats to Box Butte EFCU!

More information on the Credit Union Foundation of Nebraska can be found at http://www.nebrcul.org/Credit_Union_Foundation_of_Nebraska_29.html.  The mission of the Credit Union Foundation of Nebraska (CUFN) is to promote the shared values of the “people helping people” philosophy by providing professional development grants, enhancing community partnerships, and aiding in disaster relief.

Draft2

Posted October 16th, 2015 No Comments
Point-of-Sale Retail and Medical Lending

On-Spot-CU-Direct

Posted October 16th, 2015 No Comments
CUNA to host free webinar on ‘big data’

Credit union professionals can learn more about using and capitalizing on big data during a free webinar Nov. 5 at noon. Hosted by CUNA, the webinar will explain how credit unions are well-positioned to easily capture valuable big data opportunities.

More: 2015 Big Data In Little Steps webinar

Crash2

Events Calendar
October Edition

MISSION STATEMENT


The mission of the Nebraska Credit Union League & Affiliates is to protect, promote and perpetuate the credit union movement in Nebraska.
What's Inside
Archives