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Governmental Affairs Update for Arkansas CUs
October 17, 2018

The Legislative Council and the Joint Budget Committee began their work yesterday. They are scheduled to meet three days a week through at least Nov. 15 and may have additional meetings. Members will have the staff prepare draft appropriation legislation granting spending authority to the various state agencies in fiscal 2020. The proposed legislation must go through the legislative process to be enacted.

Festival of Trees
Join Santa and Your CU Family at the 2018 Festival of Trees
October 17, 2018

The Cornerstone Credit Union Foundation invites you to attend the 2018 Festival of Trees Celebration and Auction. The event takes at the American Airlines CR Smith Museum, Nov. 13 from 5:30–8:30 p.m.

Steve Rasmussen
True Sky CU President/CEO Steve Rasmussen Announces Retirement
October 17, 2018

Following a successful 26-year career as president and CEO of True Sky Credit Union, Steve Rasmussen has announced his retirement, effective December 2018. The financial leader has been in the credit union industry 40 years, working for several credit unions in Texas prior to coming to Oklahoma City in 1992.

Communication FCU Ranked #1 in Consumer Value
October 17, 2018

Communication Federal Credit Union was ranked as the number one credit union in the state of Oklahoma by Callahan and Associates on Return of the Member (ROM). This metric was designed to go beyond financial stability, where CFCU also ranks exceptionally well, to assess value provided to consumers who use the credit union. 

Federal Study Finds Payments Fraud Growing
October 17, 2018

The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015, outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. The study's survey of depository institutions found that the value of noncash payments fraud rose 37 percent from $6.1 billion in 2012 to $8.3 billion in 2015. Over the same period, the total value of noncash payments rose 12 percent from $161.2 trillion to $180.3 trillion.

Webinar: Credit Union Impacts of Senate Bill 2155
October 17, 2018

On May 24, 2018, the Economic Growth, Regulatory Relief and Consumer Protection Act (Regulatory Relief Act, or S 2.155) was signed into law. The Act provides significant, specific regulatory relief to credit unions, some of which will be available immediately and some of which must be made by the Bureau of Consumer Financial Protection or other federal regulators.

John Kolhoff
Texas CU Commission Announces Appointment of New Commissioner
October 16, 2018

The Credit Union Commission of Texas has announced the selection of John J. Kolhoff as the Texas Credit Union Commissioner, effective Dec. 3, 2018. Kolhoff replaces Harold E. Feeney, who will be retiring from public service at the end of December. 

TCUD Meeting: Texas CUs Benefitting from Sound Economy; Amendments Approved
October 16, 2018

During Monday's Texas Credit Union Commission public meeting, Deputy Commissioner Robert Etheredge reported the operating environment for Texas credit unions continues to be good benefitting from a sound Texas economy. Texas credit unions continue to perform well and realize positive loan growth, sound asset quality trends, strong earnings performance, and increasing net worth positions. 

Cyber Security Awareness Month
Tech Tuesday: Business Email Compromise/CEO Fraud
October 16, 2018

Cyber attackers have been using sophisticated phishing, social engineering, and other hacking tactics to convince employees with access to company finances to make wire transfers into criminals' bank accounts. These Business Email Compromise (BEC) scams target businesses working with foreign suppliers and businesses that regularly perform wire transfer payments.

Endurance FCU
Halliburton Employees' FCU Changes Name to Endurance FCU
October 16, 2018

Halliburton Employees’ Federal Credit Union has officially announced its name change to Endurance Federal Credit Union.

Small CU Webinar Tomorrow: Cybersecurity Training Protection Basics
October 16, 2018

In recognition of October's National Cybersecurity Awareness Month, the Cornerstone Credit Union League’s Small Credit Union Committee is hosting a complimentary webinar designed specifically for small credit unions called Cybersecurity Training: Protection Basics. 

Date Event Location
10/18/2018 Greater Oklahoma Chapter Meeting Oklahoma City, OK
10/18/2018 Coastal Bend Chapter Meeting Corpus Christi, TX
10/18/2018 El Paso Chapter Meeting El Paso, TX
10/23/2018 Fort Worth Chapter Chili Cook-off Fort Worth, TX
10/24/2018 - 10/26/2018 Managers Roundtable Branson, MO
10/24/2018 Webinar: New Ways to Do Old Things... HR Best Practices Online
10/24/2018 HR Roundtable Houston, TX
10/25/2018 Home Equity Lending in Texas Houston, TX
10/25/2018 HR Roundtable Oklahoma City, OK
10/29/2018 - 10/30/2018 Cross-Channel Risk Academy Plano, TX
10/29/2018 South Central Arkansas Chapter Meeting Malvern, AR
10/30/2018 Webinar: Why Digital Signage Needs to be a Strategic Consideration in Your Marketing Plan Online