(please click ad for more information)

Current News

Relevant Information—For You, By You
World Council of Credit Unions Network Manager Nicole Bice (left) presents the 2013 Athena Award to Ventura County CU Board Chairman Roxanne Ostrem on behalf of the Global Women's Leadership Network at Saturday's GWLN reception in Ottawa, Canada.

CA BOARD CHAIR HONORED AT CONFERENCE
updated 07/17/13 08:10 AM
Ostrem is a Longtime CU Advocate
Ventura County CU Board Chairman Roxanne Ostrem was honored with the Global Women's Leadership Network's (GLWN) 2013 Athena Award Saturday evening at a reception during the World Credit Union Conference in Ottawa, Canada.

The annual award is named for the Greek goddess of reason, intelligence, arts and agriculture, and honors outstanding achievement in support of credit union development, particularly as it relates to credit union women's leadership development worldwide.

Being recognized with the award represents "a team vision that starts with the Global Women's Leadership Network, and with World Council of Credit Unions Chairman Susan Mitchell bringing women together from all over the world to share our passions of helping people," Ostrem said. "From the World Council saying 'We can help,' to my credit union's CEO Joe Schroeder and board of directors saying, 'We can do this,' it makes me very proud to be a part of this amazing organization."

Ostrem has been a credit union advocate for more than 20 years, and is a founding member of GWLN. She has tirelessly volunteered her time to changing the lives of Hispanic field workers in her community by leading the "Boots in the Dirt" campaign with the World Council of Credit Unions, in which Ventura County CU staff delivers financial services to field workers using iPhone technology.

A total of 114 women credit union leaders from around the globe gathered to network, attend educational sessions, and hear from keynote speaker Sheryl WuDunn, co-author of New York Times best-seller Half the Sky: Turning Oppression into Opportunity for Women Worldwide. WuDunn presented research from her book and participated in a panel discussion centered on advancement of women leadership in credit unions.

GWLN meets annually in conjunction with the conference, which is hosted by World Council. More than 2,000 people from 61 countries are attending the conference this week, where they are learning from experts in mobile banking, social media and corporate leadership, visiting local credit unions, and networking with international peers.

The conference ends July 17 with World Council's annual awards ceremony and closing night reception at the Canadian Museum of Civilization.

 
print   email   share   share   share

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.

CREDIT UNIONS HIT RECORD DEPOSITS updated 06/02/15 09:30 AM
California Leads the Way
California credit unions most likely hit a record in deposits—nearly $132 billion—as credit unions nationwide reported more than $1 trillion in these accounts as of the first quarter this year.

CUs BOOST LENDING, INVESTMENTS updated 06/02/15 02:57 PM
Loan Delinquencies Fall NCUA Reports
According to the National Credit Union Administration (NCUA), federally-insured credit unions focused more on lending and less on investments to generate income during the first quarter of 2015.

GRASSROOTS RECAP: FIRST HALF OF 2015 updated 05/26/15 10:56 AM
California CUs Reach Out to Legislators
It’s evident California and Nevada credit union leaders have been active during the first half of 2015 in reaching out to state and federal legislators on both sides of the aisle to reinforce the credit union philosophy, including several district meetings, annual events, and visits to offices.

GOLF TOURNEY RAISES 68k FOR PAC updated 05/22/15 11:17 AM
Record Amount Contributed to Cause
More than 150 credit union CEOs, executives, professionals, and industry vendors took part in the 2015 Multi-Chapter PAC Golf Tournament in Valencia, CA last week, raising more than $68,000 for the California Credit Union League’s Political Action Committee.