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L-R: Xceed Financial FCU VP of Human Resources Courtnay Lynch; her father and 2013 California and Nevada Credit Union Leagues Unsung Hero Award recipient Vernon Elliott; longtime credit union leader Richard Myles Johnson; Leagues EVP and COO Lucy Ito; and League Awards Committee Chairman and Printing Industries CU CEO Susan Conjurski

ELLIOTT RECOGNIZED AS 'UNSUNG HERO'
updated 10/22/13 07:10 AM
Leagues Honor CU Leader
For his longtime work and commitment to the credit union industry, the California and Nevada Credit Union Leagues have named Vernon Elliott the 2013 recipient of the Unsung Hero Award, which honors individuals within the credit union industry with at least 20 years of service who have made significant contributions in the community.

Credit union icon Richard Myles Johnson—who has known Elliott since they were in the Marines in the early 1970s and who led him to a career in the industry—presented Elliott with the award on Oct. 18 at the Leagues’ Ontario, CA offices.

Attending the presentation were his wife, Marilyn, and daughter Courtnay Lynch, vice president of human resources for Xceed Financial FCU, as well as Lucy Ito, EVP and COO of the Leagues, and Susan Conjurski, League Awards Committee chairman and CEO of Printing Industries CU.

In his presentation, Johnson noted how he was able to convince Elliott "that working with credit unions was a noble profession, and his skills with serving and managing people would serve us well and keep him out of trouble in this strange civilian world."

Johnson added: "He agreed, and a friend of mine, another retired marine, hired him to run one of their branches. It was soon recognized that Vern was a valuable asset to this credit union movement. He was sought after to work in ever-increasing responsible positions in a variety of positions."

Among the many credit unions he served throughout his career were San Diego County CU (his first credit union job), TRW Systems CU, Cal Bear CU, Tiger FCU, Western CU, Raincross CU, and Pacific Community CU (where he retired in 2009).

“I’ve enjoyed all of my 36-plus years in the credit union industry,” Elliot said upon receiving the award. “And I’m proud of my daughter, who is carrying on the tradition.”

In addition to Elliott’s service at various credit unions, he also worked with the California Credit Union League trying to trying to sell the idea of a credit union ATM network—now known as the CO-OP Network. He served on the operations committee for Financial Service Centers Cooperative when the company was first established, as well as the League’s assembly/board of directors, Credit Union National Association (CUNA) board, and CO-OP Financial Services board.

During Johnson’s time at WesCorp, he recommended Elliott run for the corporate credit union's credit committee. He served for two years—the second year as chairman. After that, he served on the WesCorp Board of Directors, where he was chairman his last two years.

He took an early retirement in 1994, but was back six months later. His final retirement was in October 2009. Afterward, he completed work for Richards and Associates CPAs, conducting audits for various credit unions.

The Unsung Hero Award, established by the Leagues’ Historical Preservation Committee, is now coordinated by the League Awards Committee.

 
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SUCCESS AT ‘SACTOWN’ AND GRR updated 04/16/15 02:46 PM
April 12-14 in Sacramento
The annual Credit Union SacTown Ten-Mile Run and the California Government Relations Rally (GRR) were huge successes. Hundreds of credit union leaders, professionals, and volunteers convened in Sacramento to participate in these consecutive events on April 12-14. Collectively, our efforts will help change lives and make a positive impact on the movement.

SOCIAL MEDIA TIPS FOR TAX DAY updated 04/15/15 12:06 PM
CU Members Paid $1.2T in Taxes in 2014
Today is tax day! Nearly 102 million credit union member owners paid $1.2 trillion in taxes in 2014. In California alone, 9.9 million members paid $127 billion in taxes, while in Nevada 330,000 members paid $3.9 billion in taxes.

‘SACTOWN 10’ TROPHY AWARDED updated 04/15/15 01:32 PM
Rep. Ken Cooley Claims Prize
Following a legislative meeting during the California Government Relations Rally on April 14, League members presented Assemblyman Ken Cooley (D-Rancho Cordova) with this year's Legislative Team Traveling trophy. The trophy is awarded to the legislative team with the best combined run time in the Credit Union SacTown Ten-Mile Run’s five-mile team run.

JAN OWEN: STATE CUs STRONG, GROWING updated 04/14/15 10:29 AM
Mentions Joint Exams, Advisory Board Seat
The health of state-chartered credit unions in California is strong, with the average net worth ratio at 11.2 percent, according to Jan Owen, commissioner for the California Department of Business Oversight (DBO). She spoke at the California Credit Union League’s 2015 Government Relations Rally (GRR) on Tuesday morning.

POLITICAL ARENA SHAPES CU ADVOCACY updated 04/14/15 09:48 AM
Jim Brulte Addresses GRR Attendees
California Republican Party Chairman Jim Brulte helped kick off the California Credit Union League's 2015 Government Relations Rally on Monday afternoon, giving attendees a taste of how the state and federal political environments have evolved over the past few decades, and what it means for credit union leaders when they visit state legislators.

CFPB—WHAT DID YOU SAY? updated 04/14/15 02:17 PM
Consumers To Share Complaint Stories
In July 2014, the Consumer Financial Protection Bureau (CFPB) proposed a policy that would allow consumers to publicly share their stories when they submit complaints to the bureau. Recently, the CFPB has now finalized its consumer narrative policy.

'SACTOWN' RAISES NEARLY 200K FOR CMN updated 04/13/15 04:59 PM
Benefits Children’s Hospitals in CA, NV
The fourth annual Credit Union SacTown Ten-Mile Run—which took place Sunday in downtown Sacramento—raised more than $195,000 for Children’s Miracle Network Hospitals (CMN) in California and Nevada.

PRIVATELY-INSURED CUS JOIN FHLB updated 04/13/15 03:21 PM
House Passes H.R. 299
The House passed the Capital Access for Community Financial Institutions Act of 2015 (H.R. 299), a bill that would allow privately-insured credit unions to join the Federal Home Loan Bank (FHLB) program. According to Rep. Steve Stivers (R-Ohio), the bill would give 1.2 million credit union members greater access to credit.

‘SACTOWN 10’ RAISES $200K SO FAR updated 04/10/15 11:23 AM
Race is April 12, 2015
The credit union community will be out in force for the first of four events that represent the Credit Union Miracle Day Family of Races benefitting Children’s Miracle Network Hospitals: the Credit Union SacTown Ten-Mile Run in Sacramento, CA and Credit Union Cherry Blossom Ten-Mile Run in Washington, D.C.—both happening on April 12.

CA ECONOMY: MAJOR GROWTH PREDICTED updated 04/09/15 08:15 AM
Two Forecasts Talk Jobs, Wages, More
Stop calling it a “recovery”—the California economy is in expansion mode, and it won’t taper for the foreseeable future.

NCUA UPDATES SECONDARY CAPITAL updated 04/09/15 01:44 PM
Federation Applauds Efforts
The National Credit Union Administration (NCUA) has announced major improvements to secondary capital, which will spur greater investment into the credit union system. The NCUA's Supervisory Policy Manual revisions will provide clear steps for Low Income Designated (LID) credit unions to apply and be approved for pre-payment of secondary capital. The National Federation of Community Development Credit Unions (Federation) is pleased with the NCUA’s action.

CO-OP DECLARES $29.2M DIVIDENDS updated 04/08/15 02:10 PM
Has Nearly 1,200 Shareholding CUs
CO-OP Financial Services announced a shareholder dividend pool of $29.2 million for 2014, bringing its total shareholder patronage amount to $314.1 million since 1996. Additionally, the year was marked with new records, partnerships, and products for the CUSO.

CUs, LEAGUES, AND NCUA MEET updated 04/06/15 11:18 AM
Exam Survey and IRR Discussed
Representatives from the California and Nevada Credit Union Leagues joined other state league and credit union leaders in meeting with National Credit Union Administration (NCUA) Region V Director Liz Whitehead and her staff last Friday in Arizona.

REGISTER NOW FOR NEXT WEEK'S GRR updated 04/06/15 03:04 PM
Highly Anticipated Event This Year
The most important state advocacy event of the year for credit unions takes place NEXT WEEK—the California Government Relations Rally (GRR) in Sacramento.

APRIL: FINANCIAL LITERACY MONTH updated 04/02/15 02:39 PM
CUNA and NCUF Celebrate
April is dubbed National Financial Literacy Month and National Credit Union Youth Month. It signifies a time for credit unions and organizations to engage with their members—particularly youth—about the importance of financial literacy.

LATEST ‘MEMBERS FIRST IN ACTION’ updated 04/01/15 12:47 PM
Q4 Activities from the Leagues
In this Members First In Action update, we recap the first 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).

‘SACTOWN’ FEATURED ON TODAY SHOW updated 04/01/15 03:35 PM
Local Race Part of National Effort
The annual Credit Union SacTown Ten-Mile Run has been selected as a flagship race by the TODAY Show as part of its health-focused national #RunforTODAY program. In partnership with local NBC-affiliates, the program is aimed at empowering women across the country to get fit this spring.

CONGRESSMAN VISITS SAN DIEGO CUs updated 04/01/15 03:18 PM
Rep. Xavier Becerra Talks Industry Issues
Rep. Xavier Becerra (D-Los Angeles) held a series of meetings in San Diego on March 30, the first of which was with credit union leaders.

CA GRR: JIM BRULTE AND JAN OWEN updated 03/31/15 11:37 AM
Exciting Guest Speakers
This year’s California Government Relations Rally (GRR) from April 13-14 in Sacramento will feature guest appearances by Jim Brulte, chairman of the California Republican Party, and Jan Owen, commissioner of the California Department of Business Oversight (DBO).

LEAGUES TO MEET WITH WHITEHEAD updated 03/31/15 10:29 AM
Exam Survey in Focus
National Credit Union Administration (NCUA) Region V Director Liz Whitehead and her senior staff will meet with representatives from the California and Nevada Credit Union Leagues and other state leagues in Arizona this coming Friday to discuss credit union issues, including the examination process.

LEAGUES’ VP RECEIVES CMBDC AWARD updated 03/31/15 01:52 PM
Carol Payne Inducted into Hall of Fame
Carol Payne, vice president of communications and marketing for the California and Nevada Credit Union Leagues, was inducted into the CUNA Marketing and Business Development Council’s (CMBDC) Hall of Fame during its annual conference held March 25-28, 2015 in Las Vegas, NV.

ANTICIPATING THE CFPB’S FIRST VISIT updated 03/30/15 10:38 AM
SchoolsFirst FCU Discusses Preparation
The fact that examiners from the Consumer Financial Protection Bureau (CFPB) are expected to walk through the doors of SchoolsFirst Federal Credit Union’s headquarters in Santa Ana sometime this year is not only “a first” for California’s largest cooperative financial institution, it’s a landmark event for the state’s entire credit union industry.

CA MEDIA JUMP ON LEAGUE DATA updated 03/27/15 01:58 PM
Impressive Story Coverage
The California credit union system has gained substantial momentum in local media outlets in recent months. Among the top topics covered by publications is the California Credit Union League's strong fourth quarter lending data.

HARRY REID TO RETIRE IN 2016 updated 03/27/15 01:11 PM
Served Senate Since 2005
Senate Minority Leader Harry Reid (D-NV) will not seek re-election in 2016, he said in an interview with the New York Times. He has led the Senate democrats since 2005 and has had a three-decade congressional career.