June 2015 Chapter Report

It's Not Too Late to Make Plans for Hike the Hill

Hike the Hill

You still have time! Hike the Hill takes place in Washington, DC, on June 22–24, and that means you still have time to take advantage of this annual opportunity. The credit union movement needs your participation to make our advocacy efforts a success for all credit unions.

This year's agenda includes not only a legislative day but also a day focused on regulatory related issues. As credit unions continue to struggle with increasing regulatory burdens, this event provides the perfect opportunity to speak up and let your collective voices be heard with the agencies that regulate us. We intend to meet with NCUA, CFPB, and other agencies. 

The CFPB's Gary Stein will speak to visiting credit unions regarding the overdraft project; and Ricky Alwine, supervisory special agent in the FBI Cyber Division, Major Cyber Crimes Unit will speak on cybercrime.

While there is no fee to attend Hike the Hill, we ask that you please visit the Cornerstone League website to register for the event

If you have questions about this event, contact Gretchen Ziegler at (469) 385-6484 or gziegler@cornerstoneleague.coop.

Stop the Data Breaches!

CUNA and Cornerstone have been urging Congress to address the data security breach issue, and now they are finally beginning to take action. We must take advantage of this new position we've attained and amp up the pressure so Congress doesn't drop the ball.

The effort is intended to activate all credit unions in an urgent grassroots campaign that will impact policy on a national level when we deliver the strong message to Congress: "Stop the Data Breaches."

Here's how your chapter can take action and be part of this nationwide effort today:

You Can Earn $$ During Profile Update Campaign

Chapter Leaders, Resources is giving $1 for every person in your chapter who updates his/her profile on the Cornerstone League website.

Since the profile update campaign began on April 1, more than 1020 people have updated their individual profiles. That translates to $1020 that will go to the chapters in which those individuals belong. 

Talk about this campaign in your chapter meetings and get every credit union to participate by having their staff update their profile. 

Why would you want to update your profile?
Cornerstone Credit Union League and Credit Union Resources want to enhance your membership experience and provide you with more relevant information. Help us target the messages you receive so you get the communications you want and avert those you don't want.

The process for updating our profile is quick and easy. Here's how:

  • Log in to the Cornerstone website and go to your profile.
  • Take a minute to review the information there.
  • Review and update your choice on Primary Job Area.
  • On the next page, review and update Areas of Interest.
  • Click Save.

The Profile Update Campaign runs through September 4. Profile progress reports will be emailed to chapter leaders periodically. Results will be announced at the Leadership Conference in September. 

CORNERSTONE CREDIT UNION FOUNDATION

The Cornerstone CU Foundation Wants YOU to Win a Ford Mustang!

Win a Ford MustangAre you feeling lucky today? If so, your odds of winning a 2015 Ford Mustang through the Cornerstone Credit Union Foundation's Mustang Mania campaign are considerably better than winning the lottery!

Mustang Mania, launched at the League Annual Meeting, offers an incredible opportunity for YOU to support the Foundation's three main initiatives: financial education programs for youth and adults, professional development for credit union staff and volunteers, and disaster relief for credit union staff when disaster strikes.

The Foundation is thrilled to announce that at the League's Leadership Conference and Expo in September they will be giving away a 2015 Red Ford Mustang, provided in part by Sam Pack's Five Star Ford.

Chances to win are $35 each, or three for $100, and only 3,000 tickets will be sold. The odds are absolutely in your favor. The drawing will be held on September 10, and the winner does not need to be present to win. The winner will be responsible for tax, title, and license fees.   

Tickets will be available at various events in the Cornerstone region or to purchase today, please contact the Foundation staff. To view a list of events where tickets will be available and to learn more about the Foundation's initiatives, please visit the Foundation's website, www.cscuf.coop. The winner will be announced at the League Leadership Conference on September 10.

18th Annual Golf Tournament

Mark your calendars for the Foundation's Annual Golf Tournament on Wednesday, Sept. 9, at Canyon Springs Golf Course in San Antonio, held in conjunction with the 2015 Cornerstone Credit Union League Leadership Conference.

This year, more than ever, the Foundation needs your support. As one of its major fundraising efforts, the Foundation is seeking chapter and credit union sponsors for the event, as well as encouraging early registration to ensure a spot.

The Foundation is excited to announce that the tournament will go back to one shotgun start this year rather than two. Registration will begin at 10:30 a.m., with the shotgun start at 11:30 a.m. Brunch/lunch will be served prior to the tourney as well.   

 Interested in sponsorship opportunities?

  • Titanium $6,000
  • Platinum $4,000
  • Gold $3,000
  • Silver $2,000
  • Bronze $1,000

Please visit the Foundation's website at www.cscuf.coop to view online registration and sponsorship information.

TRAINING & EVENTS

Enhance Your Knowledge of Asset/Liability Management

Cornerstone Credit Union League offers a convenient and cost-effective opportunity for asset/liability management (ALM) training in various locations within the Cornerstone region. The ALM Essentials Workshop and the ALM Implementation Workshop will be offered in Lubbock, McAllen, Port Arthur, Oklahoma City, Dallas, Little Rock, and now Tulsa.
 
Day One: ALM Essentials Workshop
The essentials ALM workshop is a full-day session designed for all credit union employees and board members who desire a better understanding of basic asset/liability management fundamentals. Some of the topics include:

  • Identifying the primary goals of Asset/Liability Management
  • Understanding the ALM Resource's ABAJO Key Ratio Report and NCUA's FPR
  • Analyzing your credit union's key financial ratios
  • Reviewing an expense analysis and its implications
  • Pricing loans and deposits based on market indicators 
  • Reviewing the risk-focused examination process

Day Two: ALM Implementation Workshop
The advanced ALM workshop is a 5-hour session providing tools needed to implement an effective asset/liability management process in your credit union. It addresses these areas:

  • Measuring interest-rate risk/sensitivity using a static GAP model
  • Organizing a successful ALM process
  • Discussing guidelines for developing an effective ALM Policy
  • Discussing guidelines for developing an effective Investment Policy
  • Developing a consistent ALCO agenda
  • Monitoring and measuring liquidity
  • Reviewing broker/dealer due diligence

Led by ALM Resources VP Deborah Rightmire or OnBalance AVP Howard Bufe, these two-day workshops are excellent opportunities for management, staff, ALCO members, and board members to enhance their knowledge of asset/liability management.

Cornerstone Credit Union League offers a convenient and cost-effective opportunity for asset/liability management (ALM) training in various locations within the Cornerstone region. Select one of the following workshops in or near your city to register:

  • Lubbock, June 17-18
  • Port Arthur, July 29-30
  • Oklahoma City, August 11-12
  • Dallas, August 12-13
  • Tulsa, September 23-24
  • Little Rock, October 20-21

More Information and Registration

Need Grant Assistance?

The Cornerstone Credit Union Foundation is accepting grant applications for League training events based on financial need. Applications must be received by application deadlines. Please visit the Foundation's website to view all grant applications, guidelines and deadlines. Contact Emily Moreno, foundation grants manager, at 469-385-6483 for more information.

Questions?
Contact Vicki Larkin at 800-442-5762, ext. 6497, or vlarkin@cornerstoneleague.coop.

CREDIT UNION RESOURCES

Developing Remarkable Leaders in the Real World

Success LadderWhen you think of great leaders, you realize great leaders are remarkable people.

Leaders:

  • Stimulate Trust
  • Create High Performing Teams
  • Are Innovative
  • Have a Vision
  • Are Great Communicators

Remarkable leaders are those who lead and develop others by releasing within themselves and others untapped potential.  What does your leadership development model look like? Are you preparing your current and future leaders adequately for upcoming changes? It is important to view your leadership development model as a process that engages more than just the participant.

Resources to help your leaders achieve a higher success.

Make your plans today! Visit us online.

Howard Bufe
AVP OnBalance
469-385-6820
800-442-5762, Ext. 6820

Karen Houston-Johnson,
CCUE, SCMS

VP OnBalance
469-385-6626
800-442-5762, Ext. 6626

Dean Borland, SCMS, CUDE
VP Product Development
469-385-6627
800-442-5762, Ext. 6627

Compease the only software that uses CUNA's industry leading salary data.

Compease

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As a result (and more than any product on the market), Compease will help you attract and retain talent - plus increase employee engagement. No other salary planning product in the credit union industry can credibly offer this promise.

How do we know?

  1. Compease is the only system that uses CUNA's Credit Union Staff Salary Survey Report data - the most representative survey of its kind in the industry with over 1,000 respondents.
  2. More credit unions share their data directly with Compease than any other system. Data comes from up to 700 credit unions and 100,000 employees - that's 7x more data points than the next closest competitor.
  3. Compease uses an additional 10 data sources and expert analysis to ensure that your salary ranges truly represent the market since, at the end of the day, nothing is more important when deciding between different products.

Over 700 credit union compensation professionals agree: the data matters. Don't settle for a subpar solution when managing your human capital. Use Compease.

For more information, or if you have questions give us a call or visit our website.

Kimberly Jones
HR Consultant
469-385-6432
800-442-5762, Ext. 6432

Susan Looney, SPHR
SVP, Credit Union Resources
469-385-6431
800-442-5762, Ext. 6431