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Robert Baron, Director of Marketing for Technicolor FCU

CA CU EMPLOYEE WINS THINK PRIZE 13
updated 05/07/13 10:58 AM
'Virtual Teller System' Lauded
Robert Baron, director of marketing for Technicolor FCU, was named the winner of the CO-OP THINK Prize 13 and received a $10,000 award at the THINK 13 conference in Chicago on May 2.

The CO-OP THINK Prize 13 was created by CO-OP Financial Services to inspire creative and innovative solutions to the issues facing the credit union industry today. Three finalists were selected to produce a video that explained their idea on how to combat some of these issues. Baron came up with the “Virtual Teller System” idea.

"One of the biggest structural dilemmas the credit union industry faces is that banking hours are usually the same as working hours, making interpersonal engagement between members and credit unions more difficult," Baron said in a statement. "I have developed [a plan for] a secure virtual teller system that would allow members to visit any branch without ever having to leave their home or office, through video-conferencing from either a computer or mobile phone.”

The final decision on the winner was based on the voting of the judges, online voters, and conference attendees.

 
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WEEKLY E-FILING BILL SIGNED INTO LAW updated 08/28/14 02:18 PM
Will Streamline Reports for CUs
California Gov. Jerry Brown has signed Assembly Bill 2298, legislation that will allow financial institutions which hold local agency deposits to submit their weekly reports to the California Department of Business Oversight (DBO) electronically rather than through U.S. mail.

NEW STATE LAWMAKERS SHAPE DIRECTION updated 08/27/14 08:24 PM
California Assembly and Senate
New leadership in California will help form the state’s priorities in the coming years. Here’s what your credit union needs to know:

CFPB ISSUES FINAL 'TILA' ADJUSTMENTS updated 08/24/14 11:35 AM
Rule Reviews Dollar Amounts
The Consumer Financial Protection Bureau (CFPB) is issuing its final rule on Truth in Lending Act (TILA) annual threshold adjustments, amending the regulatory text and official interpretations for Regulation Z, which implements TILA.

NIGHTTIME GOLF TOURNAMENT COMING updated 08/22/14 04:41 PM
Funds Benefit League PAC
Beat the heat and golf by moonlight! The Southern Nevada Chapter of the Nevada Credit Union League is bringing back the PAC Nighttime Golf Tournament on Saturday, Oct. 4 at the Boulder City Municipal Golf Course. Shotgun start is at 6:30 p.m.