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CAMPAIGN: 'WE HAVE A LONG WAY TO GO'
updated 06/18/13 09:25 AM
20,000 Letters Generated So Far
Credit union leaders were reminded by the California and Nevada Credit Union Leagues this week that their participation is essential to preserving the movement's tax-exempt status.

Last week the threat escalated when the Senate Finance Committee identified the credit union tax status as a potential target for abolishment.

—Engagement With CU Members—
The Leagues want to thank the following credit unions for their leadership in engaging members to reach out to Congress:

  • California Coast CU
  • KeyPoint CU
  • LBS Financial CU
  • Media City CU
  • Silver State Schools CU

"These grassroots leaders have helped generate more than 20,000 letters to Congress, but we have a long way to go to hit our goal of 500,000 contacts from California and Nevada," said David Creager, manager of grassroots advocacy for the Leagues.

Click here to access resources to help YOUR credit union.

—Upcoming Outreach—
The following list of leading credit unions have scheduled coordinated outreach to their members in the coming weeks:

  • Christian Community CU
  • Coast Hills CU
  • Credit Union of Southern California
  • Desert Valleys FCU
  • Family FCU
  • Great Basin FCU
  • Heritage Community CU
  • Orange County’s CU
  • Redwood CU
  • SchoolsFirst FCU
  • Sequoia FCU
  • Sierra Central CU
  • SkyOne FCU
  • Travis CU

"Our future depends on all of us working together by asking our loyal members to participate in this effort," Creager said.

—Advocacy Team Video—
The Leagues' advocacy team has created a stirring one-minute video regarding the importance of the "Don't Tax My Credit Union" campaign.

Click here to view the video.

Leaders are urged to participate! Please engage your members TODAY.

 
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REMOTE DEPOSIT CAPTURE FUNDAMENTALS updated 08/19/14 10:54 AM
Timing, Regs, and Risk Management
Remote deposit capture in home banking and mobile banking is quickly becoming a must-have feature. Although credit unions have many options for how to provide this service, questions abound regarding availability of funds and risk management.

CATALYST LOAN PROGRAM NEARS 50M updated 08/18/14 04:19 PM
California Credit Union Participation
Since its launch a few months ago, Catalyst Corporate FCU’s loan participation program has helped nearly two dozen credit unions—including California credit unions—sell and buy more than $46 million in loans.

CFPB LEADER HEARS OVERDRAFT CONCERNS updated 08/15/14 02:38 PM
Regulatory Issues Discussed
Minimizing the impact of current rules, pending proposals, and contemplated requirements were key themes of a meeting Wednesday between the Credit Union National Association (CUNA) and Consumer Financial Protection Bureau (CFPB).

CO-OP TAPS FORMER FACEBOOK DIRECTOR updated 08/14/14 08:49 AM
Randi Zuckerberg at 'THINK It Out'
CO-OP Financial Services has added Randi Zuckerberg, CEO of Zuckerberg Media and former director of market development and spokeswoman for Facebook, to its lineup of speakers at the first "THINK It Out" event on Aug. 20 in Ontario.