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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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SUPP. CAPITAL FOR RBC GAINS ADVOCATE updated 12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.

CU DIRECT TO DONATE 20K TO CMN updated 12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.

NCUA MAY BE LIABLE FOR DATA BREACH updated 12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.

PREPARE FOR HEALTH CARE REQUIREMENTS updated 12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!