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Communicating the Credit Union Difference
Seven Cooperative Principles
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U.S. Congressman Markwayne Mullin (R-OK), representing Oklahoma's 2nd District, recently paid a visit to First Family Federal Credit Union in Okmulgee. Mullin met with First Family President/CEO David Dykes and his staff to discuss a variety of important issues, including data security and the proliferation of burdensome federal regulations.
The Central Arkansas Chapter of Credit Unions presented a check in the amount of $2,000 to Staci Zale, development director for the Cornerstone Foundation. The chapter raised the funds this summer at their first-ever golf tournament for the benefit of the Cornerstone Credit Union Foundation.
The Smart Financial Foundation and the Cornerstone Credit Union Foundation teamed up to host a “Train the Trainer” event on Tuesday, Aug. 2. More than 25 Smart Financial Credit Union employees and community partners participated in the one-day training program held at the Stafford Civic Center, within the Stafford Municipal School District (1415 Constitution Ave. Stafford, Texas 77477).
Updated information on the costs of the Corporate Resolution Program and the performance of the NCUA Guaranteed Notes Program is now available online, the National Credit Union Administration has announced.
Nearly three years ago, Catalyst Corporate began a journey to create a culture of innovation with the intent to deliver solutions for challenges faced by credit unions. The first step was establishment of Catalyst Innovation Groups. These innovation groups, which are based on Filene Research Institute's “human-centered design” model, use a multi-layered approach of gleaning insights and ideas from staff, management and member credit unions.
New Customer Due Diligence (CDD) regulations are effective July 11, 2016. You must comply by May 11, 2018. These regulations affect many areas of the credit union especially new member account opening processes. Will you and your staff be ready?
Loan rates are at historical lows, and the time could not be any better for borrowing. While consumers have realized that the mentality of "borrow, borrow, borrow" can be dangerous and lead them into financial disaster, there's still a tremendous need and desire for consumer loans. That means that credit unions must be prepared to offer such loans and to effectively discuss the loan products they carry.
Today, Sept. 22, is North Texas Giving Day! You can support the Cornerstone Foundation today and join thousands who are putting their money where their missions are!
Arkansas Federal Credit Union has named Martin Schrodt as its new chief operating officer, effective Monday, Oct. 11, 2016. Credit Union Resources conducted the executive search for the $1 billion dollar credit union.
The National Credit Union Administration has announced that credit unions are unlikely to see further assessments for the Temporary Corporate Stabilization Fund.
The National Credit Union Foundation is currently seeking nominations for three board seats. Volunteers may generally serve up to three terms of the duration of the term of office for the seat they are selected, as long as they are re-nominated by the Foundation Nominations Committee and re-elected by the Foundation board.
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