Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

CU System Archive

CU System

Couldn't make GAC? Leagues keep CUs informed

 Permanent link
WASHINGTON (2/26/14)--While the Walter E. Washington Convention Center is hopping with more than 4,400 people, credit union advocates back home can still get in on the action at the Credit Union National Association's 2014 Governmental Affairs Conference (GAC), thanks to their leagues.
 
Mike Bridges, vice president of communications, is posting daily videos on the League of Southeastern Credit Unions website. The first day's video featured Betty Petree, a director at Pen Air FCU, Pensacola, Fla., who was inducted into the Credit Union House Hall of Leaders. Florida and Alabama credit unions can watch the advice on how to be proactive in media positioning and advocacy in the day two video.
 
The Michigan Credit Union League published an extra edition of Monitor, which put the spotlight on its welcome reception. It also noted the critical presence of credit unions on the Hill as U.S. Rep. Dave Camp (R-Mich.) is set to introduce his tax reform plans this week.
 
The Point from the Credit Union Association of New York highlighted its state's presence--a CUNA member benefits top performance award for Melrose CU, Briarwood, and the recognition of Albany-based Capital Communications FCU's "Unite for Good" initiative.
 
Today, representatives from the Credit Union Association of the Dakotas (CUAD) will be interviewed live by Scott Hennen of KFYR-AM 550 (The Memo Feb. 25). Hennen, who is broadcasting his "What's on Your Mind" radio show live from Washington, D.C., this week, invited CUAD President/CEO Robbie Thompson, Vice President of Advocacy Jeff Olson and board Chair Steve Davis for an interview. From 9 to 11 a.m. CT, listeners can tune in live at the radio station's website.

Many leagues and credit union leaders are using Twitter to share thoughts from the GAC using the #CUNAGAC hashtag.

Wegner award recipients credit collaboration for success

 Permanent link
WASHINGTON (2/26/14)--In accepting their Herb Memorial Awards from the National Credit Union Foundation (NCUF) Monday night, the four recipients credited shared efforts and collaboration for their success.
 
Lifetime achievement awards were bestowed upon Tim Haegelin, retired president/CEO of Generations FCU, San Antonio; Jim McCormack, retired president/CEO of the Pennsylvania Credit Union Association (PCUA), Harrisburg; and Gary Oakland, retired president/CEO of BECU, Tukwila, Wash.
 
Sarah Canepa Bang, president/COO of CO-OP Shared Branching-FSCC and chief strategy officer of CO-OP Shared Branching, received the individual achievement award.
 
"This is not about me winning an award. This is about collaboration, friendship and shared efforts," Oakland said.
 
After receiving his award, Haegelin said, "I was lucky because I was blessed with a board that embraced the credit union difference and then made sure I had the tools to succeed."
 
Current PCUA President/CEO Patrick Conway, Senior Vice President Michael Wishnow and Chair Maria LaVelle accepted the award on behalf of McCormack.
 
 "When informed that he had won this most prestigious award, Jim stated that the award was not for him, but for Pennsylvania," Wishnow said.
 
"It's been my experience that the credit union movement loves innovation and hard work," said Canepa Bang. "How else but innovation and hard work could we have built a delivery channel of over 7,200 locations for millions of credit union members?"
 
This year's winners joined an elite group of 51 individuals and 24 organizations whose efforts over the past 26 years have earned them the recognition of Herb Wegner Memorial Awards. The dinner was held in conjunction with the Credit Union National Association's 2014 Governmental Affairs Conference in Washington.

Consumers still bruised by big bank behavior, survey finds

 Permanent link
AUSTIN, Texas (2/26/14)--Consumers still hold residual resentment against big banks and their role in the financial meltdown of 2008, according to a new Consumer Banking Insights Study.
 
Two-thirds of those surveyed in the Harris Poll, commissioned by Kasasa client financial institutions, are still angry at the large banks. Another 71% said the megabanks had not made up for their actions during the crisis.
 
There were positive notes in the survey of more than 1,000 U.S. adults: Nearly half said it was important to bank locally, although 26% of customers of big banks "feel guilty" for doing business with a bank.
 
After the financial crisis, people want to support local financial institutions that create jobs and boost local economies, said Kasasa CEO Gabe Krajicek.
 
The study found banking locally is important for 78% of Americans, who said it's at least somewhat important for them to use a local financial institution. Those who use local financial institutions tend to trust them (93%) and be loyal to them (84%).
 
By comparison, 58% of big bank customers believe their bank doesn't have their best interests at heart, and 42% feel they are being taken advantage of with bank fees.
 
Despite this, only 23% of megabank customers reported they are at least "somewhat likely" to switch their checking account to a local financial institution.
 
"There's still a perception out there that community banks and credit unions can't compete with the big banks when it comes to products and services," Krajicek said. "But if consumers were to research their options, they'd find that perception to be untrue."
 

NCUF DE training a beneficiary of CMG's $140K donation

 Permanent link
WASHINGTON (2/26/14)--CUNA Mutual Group presented $140,000 to the National Credit Union Foundation (NCUF) Monday to support Credit Union Development Education (DE) training and the foundation's overall mission.
 
"CUNA Mutual Group has been a longtime supporter of NCUF, and we are honored to support an organization that embodies the spirit of credit unions through its efforts to strengthen and develop the U.S. credit union movement," Trunzo said. "We are also proud to have a number of employees who are graduates of the DE program, which promotes credit union philosophy and the many benefits credit unions offer their members."
 
The donation was made at the Herb Wegner Memorial Awards Dinner held in conjunction with the Credit Union National Association's 2014 Governmental Affairs Conference.
 
"The continuing contributions of organizations like CUNA Mutual Group enable NCUF to support effective initiatives that improve people's financial lives through credit unions," said NCUF Executive Director Gigi Hyland.
 

CU House welcomes 12 to Hall of Leaders

 Permanent link
WASHINGTON (2/26/14)--In honor of their significant contributions to the movement, 12 credit union leaders have been added to the Credit Union House Hall of Leaders.
 
"The Credit Union House Hall of Leaders provides lasting recognition at the Capitol Hill facility for a distinguished group of people whose leadership serves as a model for credit union leaders throughout the country," said Dick Ensweiler, CU House chairman, and Cornerstone Credit Union League president/CEO.
 
"Their names remind the thousands who annually visit Credit Union House, which include prominent Members of Congress, of the strong commitment to the values on which the credit union movement was founded," he added.
 
Members of the Hall of Leaders are exceptional individuals that have dedicated their lives to perpetuating the credit union mission and philosophy. To date, 90 leaders representing 33 different states have been inducted.
 
The 2014 inductees are:
  • Robert G. Allen, president/CEO, Teachers FCU, Hauppage, N.Y.;
  • James C. Barbre III, director, Associated CU , Norcross, Ga.;
  • Bill Bynum, president/CEO, Hope CU, Jackson, Miss.;
  • Jim Cada, director, People's Choice FCU, Lincoln, Neb.;
  • Harry Carter, former president/CEO, TopLine FCU, Maple Grove, Minn.;
  • Sylvia Lyon, president/CEO, CU Association of New Mexico, Albuquerque;
  • James J. McCormack, former president/CEO, Pennsylvania CU Association, Harrisburg;
  • Phillip J. Hellmuth, director, University of Wisconsin CU, Madison;
  • Betty Petree, director, Pen Air FCU, Pensacola, Fla.;
  • William J. Rissel, president/CEO, Fort Knox FCU, Radcliff, Ky.;
  • Jeffrey Schwalen, director, Hiway FCU, St. Paul, Minn.; and
  • Pat Wesenberg, president/CEO, Central City CU, Marshfield, Wis.