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SHARED BRANCHING UNLEASHED
updated 08/13/13 08:47 AM
CU Digest Envisions Bigger Picture
Visualize walking into any—yes, any— of the nearly 7,000 credit unions across America to deposit a check, withdraw cash, transfer funds, or make a loan payment like you were standing inside your own credit union. Is it achievable? Realistic? Or even practical?

The executives behind CO-OP Shared Branching—a business entity of CO-OP Financial Services in Rancho Cucamonga, CA—believe this ambitious goal is attainable, or at least a version close to it.

"This is our zenith, our biggest moment," said Sarah Canepa-Bang, chief strategy officer of CO-OP Shared Branching, and president and COO of FSCC, LLC. "California is the canary in the mine shaft for a lot of things happening across the rest of the country. This state leads in every trend we see, so it’s table stakes here."

Time will tell whether the vision becomes a reality for the credit union industry’s biggest shared-branching network operator and largest credit union service organization. For now, dreaming will have to suffice, as dreams are often the first step to something greater.

Click here to read the entire cover story within the August/September 2013 edition of Credit Union Digest on Pages 12-15

Also included in this edition of CU Digest:

  • Mission FCU in Leader 2 Leader—Page 5
  • Board Pay: the CEO’s Perspective—Page 6
  • Why the Tax Fight Matters—Page 8
  • Are Credit Unions Off Their Game?—Page 17

 
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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!