(please click ad for more information)

What's New?

At the Leagues

The Leagues

California & Nevada

Current News

Relevant Information—For You, By You

CUs READY TO HELP DURING SHUTDOWN
updated 10/08/13 09:15 AM
Variety of Assistance Offered
While the complete fallout of the federal government's "shutdown" is yet to be determined, California credit unions serving affected federal employees stand ready to help their members in a variety of ways, including zero-percent interest loans.

Among those offering assistance are First California CU in Fresno, Members 1st CU in Redding, Pacific Marine CU in San Diego, Redwood CU in Santa Rosa, and Travis CU in Vacaville.

First California CU—which serves federal civil service employees, retired employees of the federal government living or working in Fresno County, and current or retired members of the U. S. Armed Forces living or working in Fresno County—will provide individual assistance as needed for any member affected, including possible payment arrangements and extensions.

Members 1st CU is offering financial assistance to all federal government employees who live, work, or worship in Shasta and Tehama Counties regardless of whether they are members of the credit union or not. It will provide zero-percent interest payroll assistance loans up to $3,000 for 12 months fee free, and personal loan options with different rate options for 24-36 month terms. Members with existing loans will have additional flexibility with modified payments or skip payments. And federal employees will receive expedited review and approval for line increases or new credit lines on their Members 1st credit card.

Pacific Marine CU, which is open to residents living in San Diego, San Bernardino, and Riverside counties, was planning to process Oct. 1 direct deposits normally, and if needed, it would post Oct. 15 government employee payrolls for members with direct deposit. For those without direct deposit, the credit union will work on an individual basis to provide assistance in the best manner possible.

Redwood CU has let its members know the credit union is there to support them, and is placing information on its website. Some of the services it could provide to affected members include: payroll replacement/advance assistance, deferred payments on loans and lines of credit, early withdrawal of funds from share certificates without penalties, and money management and budgeting information and tools.

Travis CU is offering zero-percent interest loans. For the first 90 days, the member will not accrue interest, or for 30 days after a federal budget is in place, whichever occurs first. And the amount financed will not exceed 100 percent of the member’s net pay.

In addition, Travis—which is open to those living or working in Solano, Yolo, Sacramento, Placer, San Joaquin, Stanislaus, Napa, Contra Costa, Alameda, Sonoma, Colusa, and Merced counties—will cover the Oct. 15 payroll for active-duty and federal employees who are members that have direct-deposit if Congress and President Barack Obama don’t agree on a spending budget by that date.

“Credit unions are always ready to assist their members and support them, whether through an individual tough financial time or a challenging crisis situation such as a government shutdown,” said Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues. “Members are welcome to visit their credit unions to deal with any financial difficulties they may face as a result of this shutdown. Consumers can go to www.asmarterchoice.org for help in finding a credit union they might be eligible to join.”

 
print   email   share   share   share

BIZ KID$ FINANCIAL GRANTS AVAILABLE updated 01/21/15 12:41 PM
Application Deadline is March 31
Promote financial literacy at your credit union and in your community with a Biz Kid$ Financial Education Grant from the National Credit Union Foundation (NCUF). Apply for the grant by March 31, 2015.

IMMIGRANT EVENT ANSWERS QUESTIONS updated 01/20/15 11:41 AM
Los Angeles Councilman Speaks
With President Barack Obama’s recently issued executive order on immigration, something transformative could be in store for credit unions serving immigrant communities—but it’s going to take more knowledge, more action, and a desire to understand the culture and language surrounding this group of individuals.

NCUA's SECOND RBC PROPOSAL updated 01/15/15 10:32 AM
New Draft More Favorable
The Leagues are thoroughly reviewing the National Credit Union Administration’s (NCUA) 450-plus page Risk-Based Capital Proposed Rule in detail to understand its components and potential impact. It seems this second proposed rule is more favorable than its first draft, and that most of our requests were at least partially addressed.

RBC DISCUSSION VIDEO AVAILABLE updated 01/15/15 03:45 PM
Captures Revised Plan
The Credit Union National Association (CUNA) video of today's National Credit Union Administration (NCUA) open board meeting discussion of a new risk-based capital (RBC) plan is now available for viewing.

NCUA PAYS FOR DATA BREACH updated 01/15/15 02:33 PM
Palm Springs FCU Receives Up To $50K
The National Credit Union Administration (NCUA) board has approved payment of up to $50,000 for costs associated with a data breach at Palm Springs FCU late last year.

CO-OP PROCESSED 3B IN 2014 updated 01/14/15 11:04 AM
Sets New Record
CO-OP Financial Services processed more than three billion electronic funds transfer (EFT) and shared branch transactions by credit union members in 2014—an 8 percent increase compared to 2013. This sets a new record for CO-OP.

CUs MEET WITH NCUA, CFPB OFFICIALS updated 01/13/15 09:44 AM
2nd RBC Proposal, Overdraft Discussed
California and Nevada credit union leaders met last week with officials from the National Credit Union Administration (NCUA) and Consumer Financial Protection Bureau (CFPB) to discuss the agencies’ regulatory impact on credit unions.

CO-OP ANNOUNCES THREE PROMOTIONS updated 01/12/15 12:18 PM
New CIO, CMO, and SVP
CO-OP Financial Services has promoted three employees to new positions: Terrence Griffin has been promoted to chief information officer; Samantha Paxson to chief marketing officer; and Connie Trudgeon to SVP of network operations and implementation.

'GAC' AND 'GRR': TWO POWERFUL EVENTS updated 01/12/15 04:37 PM
Your Voice is Needed
The credit union movement needs YOUR voice in Washington, D.C., Sacramento, and Carson City this year as discussions take place on legislative policies that may affect credit unions at the state and federal levels, as well as regulatory issues.

WCMS PRES. RETIRES AFTER 44 YEARS updated 01/09/15 04:44 PM
James D. Likens To Serve Through 2015
Western CUNA Management School (WCMS) officials have announced that Dr. James D. Likens will be retiring from his post as president and CEO of the school at the end of 2015. Likens will continue to direct the school through the end of the year.

CA/NV CUs CAN VIEW RBC DIALOGUE updated 01/09/15 02:26 PM
CUNA to Record NCUA Session
California and Nevada credit unions will have the opportunity view the National Credit Union Administration (NCUA) risk- based capital (RBC) discussion meeting on Jan. 15.

SEN. BOXER NOT SEEKING RE-ELECTION updated 01/08/15 10:22 AM
Served Two Decades in U.S. Senate
In a video announcement earlier this morning, Senator Barbara Boxer (D-CA) stated she will not seek re-election in 2016 when her term expires. Her retirement announcement is not unexpected.

DYKSTRA TALKS LEADERSHIP updated 01/08/15 09:04 AM
CUToday.info Interview
California and Nevada Credit Union Leagues President and CEO Diana Dykstra was recently interviewed by CUToday.info to share her thoughts on leadership and management. In this interview, Dykstra talks about communication, working with board of directors, staying relevant, and more.

LEAGUES OFFICIALLY LAUNCH 'PLEXCITY' updated 01/06/15 10:13 AM
Unique Shared-Service Vision
The California Credit Union League, Maryland and District of Columbia Credit Union Association, and New Jersey Credit Union League officially launched Plexcity on Jan. 2—a new shared-services company that will aggregate accounting and finance, human resources, and information technology departments for trade associations across the nation.

CUNA ANNOUNCES REORGANIZATION updated 01/06/15 02:06 PM
Changes to Senior Leadership Team
The Credit Union National Association (CUNA) has announced the reorganization of its senior leadership team in an effort to streamline and better serve the needs and interests of credit unions.

114TH CONGRESS BEGINS TODAY updated 01/06/15 01:43 PM
Leagues Join Aguilar in Swearing-In
Today is the beginning of the 114th session of Congress and the California and Nevada Credit Union Leagues was there to welcome members.

JENSEN JOINS LEAGUES' ADVOCACY TEAM updated 01/05/15 11:29 AM
Will Represent CUs in Sacramento, Carson City
Courtney Jensen has joined the California and Nevada Credit Union Leagues as legislative advocate, where she will support and promote credit unions at the state level.

CMN FUNDRAISING REMITTANCE updated 01/05/15 10:51 AM
Submission Deadline: Jan. 16
If your credit union raised funds for Children’s Miracle Network (CMN) Hospitals in 2014, please submit your funds on or before Jan. 16 to count toward 2014 fundraising totals. Click here to access the form, which includes mailing instructions, along with your fundraising check.

CA CUs GAIN CORPORATE REPRESENTATION updated 01/05/15 10:15 AM
Steve Devan on Catalyst Board
For the first time since the corporate credit union world experienced enormous regulatory changes, a sizeable number of California credit unions are gaining a voice on the board of directors at a large corporate: Steve Devan, CEO of $90-million-asset Grossmont Schools FCU in El Cajon, CA.

NCUA'S MCWATTERS CONFIRMED FOR 'GAC' updated 01/05/15 03:31 PM
Private Session With CU Leaders
The California and Nevada Credit Union Leagues have confirmed a private session with National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters for California and Nevada leaders during the Credit Union National Association’s (CUNA) 2015 Governmental Affairs Conference (GAC).

EVENTS YOU DON'T WANT TO MISS updated 01/02/15 09:03 AM
Top Seven Events of 2015
We all realize how fast time flies, and 2015 will be no exception. Below are the top seven events designed specifically for you our members in 2015.

CUs FEATURED IN MAJOR MEDIA OUTLETS updated 12/31/14 11:04 AM
Substantial Industry Coverage in 2014
In 2014, the industry experienced many exciting developments that were important to California and Nevada credit unions and their members. These advances were documented in several magazine and newspaper articles—helping increase credit union awareness.

WCMS: SHAPING CU LEADERS updated 12/30/14 09:06 AM
Register for 2015 School Year
For more than 50 years, Western CUNA Management School (WCMS) has been shaping credit union leaders from across the country. From 1962 to 2014, more than 3,700 students have graduated from WCMS, including notable leaders such as credit union visionary Richard Myles Johnson, former President and CEO of America First FCU in Utah Rick Craig, and President and CEO of the California and Nevada Credit Union Leagues Diana Dykstra.

LATEST ‘MEMBERS FIRST IN ACTION’ updated 12/24/14 12:12 PM
Q4 Advocacy Highlights
In this Members First In Action update, we recap the fourth 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).