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CUs CAN ENTER 'GEN Y' CONTEST
updated 05/14/13 11:13 AM
NerdWallet.com Will Award Grants
NerdWallet.com—an online service offering objective, personalized, and comprehensive consumer financial information—is holding a Gen Y Credit Union Contest to encourage credit unions to come up with innovative, far-reaching plans to engage "Generation Y."

The company is offering four grants to help credit unions jumpstart new initiatives. All credit unions are eligible for the top prize of $2,000, along with a runner-up prize of $1,000. Only smaller credit unions are eligible for two additional prizes: $1,000 for credit unions less than $500 million in assets, and $1,000 for those less than $100 million in assets.

Participation
All participants who enter the contest will receive:

  • Access to the Gen Y ideas shared by fellow credit unions, following the conclusion of the contest.
  • A listing in our credit union search tool and chance to be featured on our blog
  • Potential to collaborate with Junior Achievement to receive financial literacy resource materials and training

How to Enter (three steps)
1) Credit unions can enter the contest by providing Generation Y members financial literacy and tips to better navigate the real world—essentially, a "commencement speech." Participating credit unions can publish this on their website wherever they think it’s mostly likely to reach Gen Y youth—a blog, news page, student checking page, homepage, or another page.

2) After this, let NerdWallet.com know your credit union's plan for connecting with Gen Y! Plans will be evaluated privately by NerdWallet's judges. Click here to access the submission form.

"This speech was written as part of our submission to NerdWallet's Gen Y Credit Union Contest." If you have social media, use it to tell members about your entry: #GenYCreditUnion." rows="5" cols="100" WRAP="physical">3) At the bottom of your credit union's "commencement speech," add in this sentence with a link back to the contest page: "This speech was written as part of our submission to NerdWallet's Gen Y Credit Union Contest." If you have social media, use it to tell members about your entry: #GenYCreditUnion.

                           
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LEADERS ENGAGE WITH STATE LAWMAKERS updated 04/15/14 09:44 AM
Card Security a Hot Topic
Credit union professionals and volunteers took a stand for their members in Sacramento from April 7-8 during the California Credit Union League’s 2014 Government Relations Rally (GRR)—an event that attracted more than 75 attendees and helped build relationships with state legislators.

CO-OP ANNOUNCES SHAREHOLDER DIVIDEND updated 04/14/14 01:37 PM
Patronage Pool of $30.5 Million
CO-OP Financial Services has announced a shareholder dividend pool of $30.5 million for 2013—a 17 percent increase from 2012. Since becoming a credit union-owned cooperative in 1996, CO-OP’s total shareholder patronage has been $284.8 million.

DBO REPS ADDRESS 'CUOLI' INVESTMENTS updated 04/14/14 01:05 PM
State CU Update Given
California Department of Business Oversight (DBO) Commissioner Jan Owen and Deputy Commissioner of Credit Unions Erick Orellana gave attendees an overview of the department during the California Credit Union League’s 2014 Government Relations Rally (GRR) last week in Sacramento and welcomed questions from attendees.

CONGRESSMEN CONCERNED OVER RBC RULES updated 04/09/14 01:18 PM
Questions Arise During Hearing
Reps. Ed Royce, R-CA, and Brad Sherman, D-CA, questioned National Credit Union Administration (NCUA) General Counsel Mike McKenna on the effectiveness of the NCUA's proposed risk-based capital rule during a House Financial Services Committee hearing last week.