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Sarah Canepa Bang, President of CO-OP Shared Branching/FSCC LLC, and Chief Strategy Officer of CO-OP Shared Branching

SARAH CANEPA-BANG WINS WEGNER AWARD
updated 08/22/13 09:23 AM
Honored for 'Individual Achievement'
In recognition of her leadership and tireless commitment to the credit union philosophy, the National Credit Union Foundation (NCUF) has honored Sarah Canepa Bang, president of CO-OP Shared Branching/FSCC LLC and chief strategy officer of CO-OP Shared Branching, with the 2014 Herb Wegner Memorial Award for Individual Achievement.

This will be one of four Herb Wegner Memorial Awards presented at a special dinner hosted by NCUF at the Grand Hyatt Washington on Feb. 24, which is Monday night of the Credit Union National Association’s 2014 Governmental Affairs Conference. Online registration for dinner tickets will be available later this year on the NCUF website.

"One word to describe Sarah is ‘dynamo,'" said John Gregoire, chairman of the NCUF Wegner Awards Selection Committee and president The ProCon Group in Madison, WI. "Sarah is one of the most impressive, assertive, outgoing personalities in the entire credit union movement. Her energy knows no bounds, helping her become a major contributor to the success of the Credit Unions for Kids program and building shared branching in to a powerhouse delivery system."

Canepa Bang started her career at the Credit Union National Association in 1983 in the trade association's newly developed Internet office. During the mid-80s, she served as education director at the then Oregon Credit Union League and moved to the Massachusetts Credit Union League in the late 80s as vice president of human resources.

She returned to the Oregon Credit Union League as executive vice president in 1990 and launched a number of high visibility programs. During her tenure at the Oregon Credit Union League, she was also chief operating officer of CU Access, an ATM and shared branching network which the league ran, and Automated Item Management, the Northwest's largest and most successful check processing operation.

In 1995, Canepa Bang established a two-year associate degree program in credit union management through Mt. Hood Community College. She recognized that credit unions were a promising place to build careers and found a way to meet the educational needs of credit union employees. She also initiated Loans Today, one of the first 24-7 lending call centers in the nation created to enhance a credit union's ability to process member loan requests via telephone.

“Sarah’s career is indicative of not only her commitment to the credit union philosophy but also her willingness to utilize her business acumen to promote the best interests of credit unions, said Dan Egan, president and CEO of the Massachusetts Credit Union League, New Hampshire Credit Union League, and the Credit Union Association of Rhode Island.

“Sarah has been the credit union system's most ardent ambassador for shared branching, as well as its staunchest task master,” said Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues.

Canepa Bang was named CEO of FSCC in 1999. During her tenure she made the fledgling organization one of the most successful credit union CUSOs in the nation and in the history of the credit union system. Under Canepa Bang’s leadership, FSCC more than quadrupled in the number of credit unions, branches, and states involved in shared branching resulting in thousands of financial access points for members. Today, shared branching is available in all 50 states, 2 US territories, and 3 foreign countries.

FSCC was the first network to pioneer the outlet concept in shared branching. Through Canepa Bang’s tenure, they expanded the technology to include full-service kiosks, mobile banking, call centers, disaster recovery, and remote deposit capture. In 2007, FSCC hit another milestone and implemented shared branching services on over 2,200 Vcom® kiosks inside select 7-Eleven stores. In January 2012, she collaboratively worked with CO-OP Financial Services to unite the two shared branch networks in the credit union industry into “one” national network via a merger of the two organizations.

“Sarah is a visionary leader who is fearless in her pursuit of service and ‘access anywhere’ for credit union members,” said Patricia Smith, president and CEO of Unitus Community CU.

Canepa Bang is also a longtime supporter of the Credit Unions for Kids (CU4Kids) program and was one of the key founders of the program while at the Oregon Credit Union League. Additionally, she extends her commitment for credit unions to the global movement through her involvement with the World Council of Credit Unions (WOCCU) and DCUC (Defense Credit Union Council). Also, she is a firm believer in the mission of state credit union foundations.

 
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THREE TOPICS SHAPING ‘GAC’ THIS YEAR updated 03/02/15 05:08 PM
Data Security Will Top GRR
Next week the Credit Union National Association’s 2015 Governmental Affairs Conference (GAC) will kick off in Washington D.C.—a conference that, unlike others, is focused on bringing the credit union message to Congress and the administration.

EVANGELICAL CHRISTIAN CU CEO RETIRIN updated 03/02/15 04:20 PM
Holbrook Served For 36 Years
Evangelical Christian CU's Mark Holbrook will retire in May after 36 years as CEO. He is widely acknowledged for growing the 50-year-old institution to an alliance of more than 11,000 members and ministries in 130 countries.

ROYCE REINTRODUCES MBL CAP BILL updated 03/02/15 03:31 PM
Raises Limit to 27.5 Percent of Assets
Today, Congressman Ed Royce (R-CA) reintroduced legislation raising the member business lending (MBL) from 12.25 percent to 27.5 percent of assets.

CUs LEND UNIQUE VOICE TO NEWS MEDIA updated 03/02/15 02:55 PM
Stories Garner Spotlight in CA, NV
Only two months into 2015, local news media across California and Nevada are highlighting credit unions’ positive impact on their communities as the economy continues strengthening and the industry seeks how it can uniquely serve members.

VETERANS MBL BILL INTRODUCED updated 02/27/15 01:27 PM
Service Member Loans Exempt From Cap
This morning, Reps. Julia Brownley (D-CA) and Jeff Miller (R-FL) introduced H.R. 1133, legislation that will help the nation’s veterans establish themselves as small business entrepreneurs. With many service members already credit union members, this new bill would exempt small business loans issued to veterans from the member business lending (MBL) cap.

CUs TESTIFY ON FIN. LITERACY updated 02/25/15 10:50 AM
Nat'l. CU Foundation Speaks at FLEC
Gigi Hyland, executive director of the National Credit Union Foundation toured the movement's dedication to youth financial literacy today in a presentation to the U.S. Treasury's Financial Literacy Education Commission (FLEC).

WINE AUCTION RAISES RECORD AMOUNT updated 02/24/15 10:27 AM
More Than $1 Million for Children’s Hospitals
More than $1 million was raised for 11 Children’s Miracle Network Hospitals in California and Nevada during the annual Credit Unions for Kids Wine Auction last Friday night—a record amount in the event’s 10-year history.

REACH INNOVATION GROUP KICKS OFF updated 02/23/15 03:15 PM
Two-Day Discovery Experience
The California and Nevada Credit Union Leagues’ REACH Innovation Group officially launched last week with a two-day experiential learning session, immersing the 17 participants in the Filene Method of Innovation.

CONGRESSMEN VISIT CA, NV CU LEADERS updated 02/23/15 01:53 PM
Plus, Nevada HOA Super Lien Update
Two members of Congress visited credit unions in California and Nevada last week during the President’s Day district work period.

NCUA APPROVES 'SMALL CU' PROPOSAL updated 02/20/15 03:17 PM
Plus: Reg Burden Examples Needed
A proposal to amend the Regulatory Flexibility Act (RFA) definition of “small entity” was approved during last week’s National Credit Union Administration (NCUA) board meeting, which would increase the asset threshold definition of “small” federally-insured credit unions from $50 million to $100 million.

CUNA PLEDGES $1M TO MUSEUM updated 02/18/15 04:23 PM
Sponsors ‘Legacy Campaign’
The Credit Union National Association (CUNA) has pledged $1 million toward America’s Credit Union Museum Legacy Capital Campaign to help ensure the rich history of the credit union system is preserved.

LONGTIME CU LEADER PASSES updated 02/17/15 10:41 AM
Larry Sharp—Advocate and Volunteer
Longtime credit union advocate and former Arrowhead Credit Union CEO Larry Sharp passed away on Monday morning, leaving a 45-year legacy of volunteerism and leadership within the California credit union movement and the local Inland Empire community. He was 72.

CO-OP TO BUY COVERA SOLUTIONS, INC. updated 02/13/15 02:11 PM
Enters Agreement with NY CU Assoc.
California-based CO-OP Financial Services has signed a letter of intent with the New York Credit Union Association (NYCUA) to purchase the association's subsidiary, Covera Solutions, Inc. The purchase is expected to be completed by the end of the first quarter. Covera provides 248 credit unions with credit, debit, ATM, and prepaid cards solutions.

NEVADA CHAIRMAN ADDRESSES COMMITTEE updated 02/12/15 10:44 AM
Urges Reducing Reg., Leg. Burden
During a hearing in front of the Senate Banking Committee last week, Nevada Credit Union League Chairman and Greater Nevada CU CEO Wally Murray addressed 191 regulatory changes handed down to financial institutions from three dozen federal agencies since January 2008.

CO-OP RE-LAUNCHES MOBILE BANKING APP updated 02/11/15 09:09 AM
P2P Payments, Remote Check Deposit
CO-OP Financial Services is re-launching CO-OP Mobile, its mobile banking application, which now features optional real-time, person-to-person payments, and remote check deposit.

CUs POST IMPRESSIVE GAINS IN 2014 updated 02/09/15 10:20 AM
Membership, Loan Portfolios Up
In 2014, the credit union industry experienced impressive membership and operational success, suggesting Americans are starting to recognize the value proposition of credit unions and are utilizing their products and services.

CEO TO TESTIFY ON BANKING COMMITTEE updated 02/09/15 02:06 PM
Regulatory Relief, MBL, Supplemental Capital
Wally Murray—chairman of the Nevada Credit Union League and CEO of Greater Nevada CU—will be testifying at a hearing before the U.S. Senate Banking Committee on regulatory relief for credit unions this coming Thursday morning.

NV LEADERS MEET WITH STATE LAWMAKERS updated 02/09/15 01:33 PM
HOA Lien Foreclosures Discussed
Delegates from credit unions throughout Nevada descended upon the state capitol in Carson City on Feb. 4 for the Nevada Credit Union League’s 2015 Government Relations Rally.

CATALYST: PARTICIPATIONS CLEAR 100M updated 02/06/15 11:55 AM
California CUs Included in Deals
Since launching earlier in 2014, the Catalyst Corporate FCU loan participation program has helped 41 credit unions buy and sell more than $100 million in loans, closing five deals in less than one year.

LEAGUE OVERDRAFT SURVEY POSTED updated 02/05/15 11:38 AM
View Results and Final Report
During CEO roundtable discussions last summer, it was decided the California and Nevada Credit Union Leagues must take a proactive approach regarding likely rulemaking by the Consumer Financial Protection Bureau (CFPB) on overdraft programs.

OIL'S DECLINE PUTS CUs ON THE ALERT updated 02/04/15 02:09 PM
California Members Face Varying Impact
Credit unions headquartered in the heart of California’s largest oil-producing counties are bracing for members in need of financial assistance as the recent spill in oil prices puts a dent in local commerce and employment.

RMJ CREATES NEW ADVISORY COMMITTEE updated 02/03/15 09:19 AM
Plus, Designation of Excellence for CUs
The Richard Myles Johnson (RMJ) Foundation has a new advisory committee that will provide advice, guidance, and active support of the Foundation’s initiatives, including Bite of Reality—a hands-on simulation program that teaches budgeting skills to young people.

WORLD COUNCIL YOUNG CU PEOPLE updated 02/02/15 03:25 PM
Nominate a Professional Today
The World Council of Credit Unions is now accepting nominations for the World Council Young Credit Union People (WYCUP) scholarship program, an international networking and educational opportunity for promising credit union leaders.

CLARK COUNTY CU CEO TO RETIRE updated 01/29/15 10:54 AM
Wayne Tew Served 29 Years at CU
Clark County CU President/CEO and former Chairman of the Nevada Credit Union League Wayne Tew plans to retire this summer after 29 years with the credit union.