|Members of the CU SacTown Ten-Mile Run committee, runners (including first-place women's winner Olympian Kim Conley), and representatives from U.C. Davis Children's Hospital after Sunday's race.|
|The 2013 SacTown Ten-Mile Run kicked off with a craft day and news conference on Friday, April 5 at UC Davis Children’s Hospital in Sacramento, CA. At the event, California and Nevada Credit Union Leagues President and CEO Diana Dykstra and SacTown 10 Committee Chairman John Pamer, CEO of Concord, CA-based Diablo Valley Federal Credit Union present|
'SACTOWN TEN' RAISES $182K FOR CMN
updated 04/09/13 09:47 AM
Benefits Children's Hospitals in CA, NV
The second annual Credit Union SacTown Ten-Mile Run—which took place Sunday, April 7 in downtown Sacramento, CA—raised $182,160 for Children’s Miracle Network hospitals in California and Nevada. The event was sponsored by CU Miracle Day, Inc. along with 59 credit unions and credit union businesses including the California and Nevada Credit Union Leagues.
Click here to view a photo gallery of the event!
The Credit Union SacTown Ten-Mile Run, also designed to increase national awareness of credit unions, took place the same day as the 41st Annual Credit Union Cherry Blossom Ten-Mile Run in Washington D.C., followed by the Credit Union Freedom Runs for troops overseas. Combined, the “Family of Races” raised a total of $483,000 for Children’s Miracle Network hospitals across the country. Major sponsors of the SacTown Ten 2013 event included CO-OP Financial Services, The Golden 1 CU, Patelco CU, San Francisco Fire CU, San Mateo CU, SchoolsFirst FCU, Travis CU, Xceed Financial FCU, CU Direct Corporation, CUNA Mutual Group, Intuit, and Vining Sparks.
Nearly 1,700 runners—including more than 700 credit union employees and members—participated in the Sacramento race, which started and finished in front of the state capitol building, with a $15,000-prize purse awarded. More than 200 credit union staff and members worked the event as volunteers.
“We are quickly building momentum in only our second year,” said SacTown 10 Committee Chairman John Pamer, CEO of Diablo Valley FCU. “We saw a significant increase in runners, credit union volunteers, legislative participation, and donations to CMN Hospitals. It was a beautiful day for a fun, high-energy, healthy event that showcases credit unions to the general public and the Capitol community. Most importantly, the difference those who participated helped make for the kids will last long after the banners come down.”
Cara Cooper, a St. Francis High School junior who credits treatment she received at UC Davis Children’s Hospital with helping her recover from the H1N1 virus (swine flu), sang the national anthem. Nancy Snider ran the race in honor her of her daughter Laura, who died at age 11 after an arteriovenous malformation—an abnormal connection of blood vessels in the brain—ruptured. Out of the 161 congressional honorary race chairs from 39 states who registered to compete in the “family of races,” 19 were from California and Nevada, including Senate Majority Leader Harry Reid (CA), Nevada Reps. Mark Amodie and Joe Heck, and California Reps. John Garamendi, Doris Matsui, Ami Bera, George Miller, Jackie Speier, Jim Costa, Anna Eshoo, Sam Farr, Buck McKeon, Adam Schiff, Tony Cardenas, Gary Miller, Henry Waxman, Lucille Roybal-Allard, Janice Hahn, and Darrell Issa.
The event kicked off with a craft day and news conference on Friday, April 5 at UC Davis Children’s Hospital in Sacramento, CA. At the event, California and Nevada Credit Union Leagues President and CEO Diana Dykstra and Pamer presented CMN with a check representing the $483,000 raised for children’s hospitals. Travis and The Golden 1 provided piggybanks, coloring books, and live mascots for the children to enjoy. California Assemblyman Roger Dickinson, who represents the 7th Assembly District, also spoke at the event.
The event enjoyed some great media coverage over the weekend, courtesy of KCRA-TV in Sacramento. Click here to view video taken during Sundays’ race by the television station. Click here to view a slide show on the KCRA-TV website.
OC CU LEADERS MEET ASSEMB BROUGH updated
07/06/15 11:13 AM
Assemb Brough Shares Common CU Bond
On the eve of America's 239th birthday, credit union leaders met with state Assemblyman Bill Brough (R-Dana Point). Brough was one of several Orange County-area legislators elected in 2014 with the potential to serve up to 12 years in the legislature. Brough shared with the group his professional experience with credit unions dating back to his time as an aide to Congressman Christopher Cox who also represented the Orange County area.
CUNA, CMG: LOAN GROWTH ’15 & ‘16 updated
07/06/15 10:49 AM
Double-Digit Increases Year-Over-Year
The Credit Union National Administration (CUNA) and CUNA Mutual Group (CMG) economists expects loan growth to reach 11 percent in 2015 for the national economy, greater than the 10.4 percent increase in 2014. They forecast a minimum 10 percent growth in 2016.
NEW RIDE-SHARE RULES EFFECTIVE updated
07/02/15 04:30 PM
Insurance for Companies, Drivers
A new law requiring transportation network company (TNC) drivers and companies to have liability insurance when operating the ride-share app went into effect July 1, 2015.
SHARED CEO MODEL AND SMALL CUs updated
07/01/15 11:51 AM
CEO Jon Hernandez Shares Insight
Mattel FCU, Calcom FCU, and Nikkei CU CEO Jon Hernandez is armed with the task of running three credit unions as independent institutions, complete with their own memberships and boards. However, a savvy business man and leader, Hernandez takes advantage of economies of scale and shared resources when it makes.
CUES HONORS INSTITUTE GRADS updated
07/01/15 03:11 PM
Four from CA CUs
Four leaders from California credit unions are recent grads of the CUES Governance Leadership Institute: John Buttril, director at Xceed Financial CU; Edward Fujimoto, Supervisory Committee chair at California CU; Norma Iadevaia, board chair at University CU; and David Ostash, board chair at AltaOne FCU. A total of 39 credit union board members and executives from around the country graduated, each earning the distinguished Certified Credit Union Director (CCD) designation.
LATEST ‘MEMBERS FIRST IN ACTION’ updated
06/30/15 11:02 AM
Q2 2015 Activities from the Leagues
In this Members First In Action update, we recap the second quarter and year-to-date benefits extended to your credit union as a valued member of the California and Nevada Credit Union Leagues and Credit Union National Association (CUNA).
Congress Out, Meet with CU Leaders updated
06/30/15 10:25 AM
Southern California Credit Union Leaders Meet with Long Beach Representative Alan Lowenthal
With Congress in their districts for the 4th of July Recess, credit union leaders are at work with our congressional delegation. Today, leaders from Long Beach and Orange County met with Rep. Alan Lowenthal (D-Long Beach) at LBS Financial Credit Union. Congressman Lowenthal is a long time credit union supporter — he also told the group that he has been a member of LBS Financial CU for more than 46 years!
O.C. ECONOMIC FORECAST updated
06/30/15 09:30 AM
Local Conditions Gain Momentum
Picture this: It’s January 2017. Seven years into the recovery, your local Orange County economy has found a sweet spot among California and the United States. It’s humming along nicely—not too slow, not too fast. And the past two years? Smooth sailing.
NCUA BANS PERIODIC MEM. FEES updated
06/26/15 07:44 AM
FCUs May Not Charge Periodic Fees
The National Credit Union Administration (NCUA) announced that federal credit unions cannot charge periodic membership fees, according to a letter to the American Bankers Association.
LEAGUES SUPPORT RBC STUDY ACT updated
06/26/15 02:09 PM
Submits Letter to Representatives
On June 25, California and Nevada Credit Union Leagues CEO Diana Dykstra sent a support letter to representatives Stephen Fincher (R-TN) and Dennis Heck (D-WA), the authors of H.R. 2769, the Risk Based Capital Study Act.
CA CUs GAIN MORT. MARKET SHARE updated
06/23/15 11:11 AM
Noticeable Rise Since 2009
California is no exception to the rule as credit unions nationwide continue gaining substantial market share in the competitive space for first mortgages—a trend beginning six years ago on the heels of the financial crisis.
TILA/RESPA NEW RULE DELAYED updated
06/17/15 03:05 PM
Postponed until Oct. 1, 2015
The California and Nevada Credit Union Leagues confirmed with the office of Congressman Brad Sherman: "Richard Cordray, Director of the Consumer Financial Protection Bureau has heard from many that want to delay the effective date, or at least the rigorous enforcement of, the new TILA/RESPA form known as the TILA/RESPA Integrated Disclosure (TRID) form. He has reported that he will be delaying the effective date until Oct. 1, 2015. This is partly due to some internal details and partly due to many of us that saw the need for a delay.”
BILL ADOPTS CUNA/CU RBC CONCERNS updated
06/17/15 03:01 PM
NCUA Makes Proposal Revisions
Language was adopted today by the House Appropriations Committee via voice vote that reflects the concerns the Credit Union National Association (CUNA) and credit unions have regarding the National Credit Union Administration’s (NCUA) effort to impose a risk-based capital (RBC) guideline for credit unions
CU LEADERS PUSH DATA SECURITY IN CA updated
06/16/15 11:11 AM
'Connect For The Cause' a Success
More than 3,000 letters from credit union supporters were sent to California state legislators last week in support of Assembly Bill 83 (AB 83).
GREAT TIME TO BE A CREDIT UNION? updated
06/16/15 09:36 AM
Conference: Employees, Millennials, and More
Is it a great time to be associated with credit unions? Based on yesterday’s gathering of leaders in the industry, the answer is an overwhelming “yes”—but with a caveat.
NCUA TO DISCUSS PROPOSED MBL RULE updated
06/12/15 03:06 PM
Other Important Agenda Items Scheduled
The National Credit Union Administration board has a full agenda scheduled for its June 18 meeting, with a proposed member business lending (MBL) rule slated for discussion.
VISA: CUs CAN NAME RETAILERS updated
06/11/15 09:40 AM
Leagues’ Set the Record Straight
Visa has responded to the Leagues’ written inquiry to Visa whether or not credit unions are able to name retailers when reissuing payment cards, following a data breach. Visa clarified there is neither a rule or nor contractual obligation that requires financial institutions to withhold the name of a breaching retailer.
DIVERSITY STANDARDS ISSUED FOR FIs updated
06/10/15 10:49 AM
Regulators Issue Diversity Standards
policy statement establishing joint standards for assessing diversity policies and practices of the institutions they regulate." rows="5" cols="100" WRAP="physical">The National Credit Union Administration (NCUA) and federal banking regulators Tuesday issued their final interagency policy statement establishing joint standards for assessing diversity policies and practices of the institutions they regulate.
DATA BILL HEADS TO CALIFORNIA SENATE updated
06/09/15 10:14 AM
Committee to Review AB 83
The California Credit Union League is advocating for Assembly Bill 83 (AB 83)—data security legislation at the state level which has already passed the California State Assembly with overwhelming support. It is now headed to the Senate Judiciary Committee for its first hearing.
CO-OP SHARED BRANCH SURPASSES 5,300 updated
06/09/15 10:10 AM
More Than Bank of America
With 5,341 branches, CO-OP Shared Branch is now the nation’s third largest network of financial institution branches, according to data drawn from the FDIC—surpassing Bank of America’s 5,244 branches.
CUs CAN IDENTIFY RETAILERS IN BREACH updated
06/09/15 08:46 AM
MasterCard Clears Misconception
Electronics payment network MasterCard has responded to an inquiry by Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, regarding whether credit unions can identify a merchant responsible for a data breach, and if such action is rule- bound or under contractual obligation.
CONSUMER COMPLAINT PROCESS IMPROVED updated
06/09/15 06:09 AM
Also, NCUA Town Hall Webinar
The National Credit Union Administration (NCUA) has issued Letter to Credit Unions 15-CU-04, which describes recent changes to streamline the agency’s consumer complaint handling process.
CA CU Leaders Meet Officials updated
06/03/15 04:27 PM
Credit Union Leaders Visit Elected District Officials
In California this week, credit union leaders in Northern and Southern regions continued ongoing advocacy efforts of cultivating relationships with elected officials.
NEVADA BILLS HIGHLIGHT CU SUCCESS updated
06/02/15 11:16 AM
State Legislature Adjourns
With the Nevada Legislature adjourning for the 2015 legislative session, the Nevada Credit Union League reports it was a successful year for credit unions.