Arnold Ramirez, Research and Information Consultant for the California and Nevada Credit Union Leagues

SHARES: MEMBERS VS. ACCOUNT OWNERS
updated 03/18/13 02:44 PM
R&I Expert Gives the Details
If you ever opened a new member account, you’ve probably had a member ask why they must have a regular share account. You may have said it was a requirement for membership.

As a matter of credit union policy, you may be correct. But when it comes to a regulatory requirement, this isn’t necessarily accurate.

Credit unions have created many ways of setting up accounts and memberships. Some credit unions choose to assign one membership to a single account and house all services provided to that member under the account. Other credit unions allow members to have multiple accounts with multiple services under each account.

Ultimately, the best way to set up memberships and accounts depends on the credit union’s preference, provided they adhere to rules of membership and account ownership.

Click here to read the entire article, Shares: Members vs. Account Owners, in the February/March edition of Credit Union Digest on Page 19.

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PAC GOLF TOURNAMENT RAISES $59K updated 05/21/13 10:13 AM
More Than 165 Attendees
The annual Multi-Chapter PAC Golf Tournament in Valencia, CA attracted approximately 165 credit union CEOs, executives, and volunteers—raising a grand total of $59,055.

IS HOUSING JUST RIGHT, OR TOO HOT? updated 05/17/13 12:36 PM
Economist Looks at 'Bubble' Talk
The “story of the year” in 2012 in California and Nevada was the housing market recovery, one that continued in the first quarter of 2013. Median prices surged by roughly 20 percent last year—a rise that was fueled by extraordinary demand by investors.

SEEKING CU HELPS FOR MEDIA PROJECT updated 05/17/13 03:09 PM
Member Survey Features Taxation Questions
The California and Nevada Credit Union Leagues’ new media outreach project, "Consider This," was launched in February with the help of 15 credit unions who agreed to participate in the program’s pilot phase. The Leagues are now asking for YOUR credit union's participation in a new member survey.

CO-OP LAUNCHES NEW MOBILE SERVICE updated 05/17/13 02:31 PM
Enhance Member Control of Card Usage
CO-OP Financial Services has joined forces with Ondot Systems to launch a new mobile CO-OP-branded service that will give credit union members greater control over their card usage through the convenience of their smartphones. The service should be available by the end of 2013.