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LEAGUE BOARD, AUDIT NOMINEES SOUGHT
updated 06/28/14 10:48 AM
Period Closes at 5 p.m. July 31
On July 1, the official request for nominations for the 2014 California Credit Union League (CCUL) Board of Directors and Audit Committee Elections—as well as the 2014 Nevada Credit Union League (NCUL) Board of Director Elections—will be sent to the respective Voting Member Credit Unions to announce that the 2014 Elections process has officially started.

The Nomination period will close at 5 p.m. on Thursday, July 31, 2014. In addition, several other business items requiring membership approval will be included on the electronic ballot to be distributed on Friday, August 8, 2014.

To view the 2014-15 election schedule click here.

The CCUL Board and Audit Committee Election Process
This year, the CCUL Board has three, 3-year term positions available for election: two (2) At-Large positions and one (1) Asset Group C position—all with terms expiring in 2017. The Audit Committee has one (1) position available with a 3-year term that expires in 2017. Incumbents for those positions are:

  • At-Large—Terry Halleck, San Diego County CU*
  • At-Large—Hank Barrett, Valley First CU*
  • Asset Group C**—Rick Hanan, SMW 104 FCU*
  • Audit Committee—Deborah Trapani, Sierra Point CU

* Eligible incumbent candidate indicated their intent to seek re-election.
** Asset Group C = Assets between $69,153,069.00 and $441,322,791.99

The NCUL Board Election Process
This year, the NCUL Board has two, 3-year term positions available for election—both with terms expiring in 2017. Incumbents for those positions are:

  • Director—Eric Estes, Boulder Dam CU*
  • Director—Barbara Reuter, Financial Horizons CU

* Eligible incumbent candidate indicated their intent to seek re-election.

Additional Ballot Items for Review
Adopt 2015 Proposed Dues Schedule—Please note, for 2015, there is NO CHANGE in the CCUL or NCUL Dues formula. The factors are the same as in 2014. The CCUL Board of Directors and the NCUL Board of Directors voted to approve the 2015 Proposed Dues Schedule as presented and recommend adoption by the respective memberships.

In the past, the vote on the annual dues schedule took place by paper ballot at the League’s annual business meeting. In 2013, the practice of casting paper ballots changed to voting by electronic ballot in advance of the annual business meeting. This change allows all voting member credit unions the opportunity to cast a ballot, even if they are unable to attend the annual business meeting. Going forward, the dues vote will be conducted electronically in concert with the Board of Director and CCUL Audit Committee elections.

Adopt Amendments to CCUL and NCUL Bylaws and Articles of Incorporation—The memberships of each League will be asked to vote on Bylaw amendments and a revision to the Articles of Incorporation that would allow credit unions to choose to belong to more than one league and receive the full benefits of membership in multiple states—if certain criteria are met.

To find out why this is being recommended, what a multiple-league credit union is, and when revisions would be implemented, click here.

If You Have Questions
Please contact Sharon Weber at 909-212-6003 or sharonw@ccul.org, or Davina Law at 909-212-6005 or davinal@ccul.org, with any questions you may have.

 
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CA REPS SUPPORT NCUA’S MBL PROPOSAL updated 08/31/15 11:41 AM
Monday's Supporters Make 5 Total
Five members of Congress from California have written letters to the National Credit Union Administration (NCUA) supporting the agency’s proposed member business lending rule, which would allow credit unions more flexibility in making member business loans.

PLEXCITY ADDS HAWAII LEAGUE AS OWNER updated 08/31/15 10:25 AM
Increases ROI for all Stakeholders
Adding to its unique story of growing collaboration between credit union trade associations since January 2015, Plexcity announced that the Hawaii Credit Union League is purchasing a shared-ownership stake in the Ontario, CA-based company for information technology, accounting/finance, and human resource solutions.

CMG DISCOVERY CONFERENCE COMING SOON updated 08/28/15 02:04 PM
Virtual Meeting To Offer Insights
CUNA Mutual Group will hold its sixth annual Discovery Conference on Wednesday, Oct. 21. This no-cost conference will provide valuable insights pertaining to key topics and trends in the credit union industry—to help credit union leaders move forward with more confidence.

CU CEO CONFIDENCE INDEX RISES updated 08/26/15 01:56 PM
In Better Spirits Regarding Economy
Catalyst Corporate FCU's CEO Confidence Index bounced up in the second quarter, after see-sawing up and down the previous four quarters.

ADDITIONS TO SEPT. 'HIKE THE HILL' updated 08/24/15 12:08 PM
Coffee With Regulators and MBL
In two weeks, the California and Nevada Credit Union Leagues’ will host a “Coffee with the Regulators” meeting during the annual Hike The Hill gathering on Capitol Hill (Sept. 8-10). Credit union attendees will discuss relevant and important issues with officials from the National Credit Union Administration (NCUA) and Consumer Financial Protection Bureau (CFPB).

FHA ISSUES STATEMENT ON 'PACE' LOANS updated 08/24/15 02:41 PM
Consistent With Leagues' Comments
On Monday, the Federal Housing Administration (FHA) issued a policy statement on Property Assessed Clean Energy (PACE) that is consistent with comments from the California and Nevada Credit Union Leagues’ position on the issue.

REP. MCCLINTOCK SUPPORTS MBL RULE updated 08/21/15 10:45 AM
Submits Letter to NCUA
As reported in the California and Nevada Credit Union Leagues’ Advocacy Blog, Representative Tom McClintock (R-El Dorado) is now the second member of Congress to send a support letter to the National Credit Union Administration (NCUA) in support of credit unions and their proposal to modernize the member-business lending (MBL) rule. Rep. Julia Brownley (D-Ventura) sent a letter last week.

WHAT'S DRIVING MEMBERSHIP GROWTH updated 08/19/15 11:59 AM
Three California Perspectives
Competitive products and services don’t tell the whole story of why membership continues to soar at several credit unions in California. Neither does the growing economy.

RMJ TOURNEY RAISES NEARLY $60,000 updated 08/19/15 10:39 AM
Event Sold-Out With 144 Golfers
The Richard Myles Johnson (RMJ) Foundation/CUNA Mutual Golf Tournament, held August 17 at the Newport Beach Country Club in Newport Beach, CA, raised nearly $60,000 for the state foundation for credit unions in California and Nevada.

'PACE' EXPANSION ATTEMPT DEFEATED updated 08/18/15 10:36 AM
League Engaged Lawmakers on Issue
The California Credit Union League has helped defeat an attempt in the California legislature (Senate Bill 602) to give super-lien rights to unregulated lenders through Property Tax Assessed financing.

CALL TO ACTION: MBL COMMENTS NEEDED updated 08/17/15 04:28 PM
NCUA Deadline is Aug. 31
More positive comment letters that support the National Credit Union Administration’s (NCUA) proposed member business lending rule are needed to help the agency shape its final rule—including letters from your credit union and your business members.

CA CUs AID FIRE VICTIMS updated 08/14/15 03:20 PM
Fundraising Efforts Continue
As more than dozen fires raged on in northern California in recent weeks, area credit unions stepped up efforts to help—supplying the hard-working firefighters with goodie baskets of water, food, and supplies; helping in large animal rescues and defending family farms; and raising much-needed donations to help those who have suffered losses. Some Coast Central CU staffers—who are also volunteer firefighters—were deployed to help fight the fires.

CU Direct Partners with CULA updated 08/13/15 02:54 PM
Leasing Option Availability
CU Direct, the provider of lending, automotive and strategic solutions to the credit union industry, has entered into a new agreement with Credit Union Leasing of America.

MEMBER BEHAVIOR: SHIFT IS COMING updated 08/11/15 10:40 AM
Conference Spotlights Rates, Economy
It was evident during a three-day conference in San Diego that credit unions are on high alert as they wade into tricky waters and strategize how to manage balance sheet spreads and liquidity in light of the Federal Reserve’s upcoming federal funds interest rate hike.

CUs GAIN INSIGHTS AT SHAPIRO SUMMIT updated 08/11/15 09:25 AM
Talk Strategy, Marketing, Trends
More than 60 credit union leaders from California and Nevada, speakers, and League staff convened at the annual Shapiro Summit on Aug. 7-8 in Ontario, CA to discuss important issues credit unions $50 million and under face in today’s economy, and how to overcome those obstacles.

NCUA AWARDS $2 MILLION IN GRANTS updated 08/07/15 11:05 AM
Funds Help 225 Low-Income CUs
The National Credit Union Administration (NCUA) has awarded more than $2 million in grants to help 225 low-income credit unions expand products and services, open branches or relocate offices, advance digital growth, and provide greater security for their members.

Auto & Home Loans Drive Trend updated 08/07/15 02:42 PM
Member Lending Benefiting CUs
California and Nevada credit unions are experiencing auto and mortgage loan growth as part of a trend of increased lending activities by credit unions nationwide.

REP. BROWNLEY SUPPORTS MBL RULE updated 08/06/15 04:28 PM
Writes Letter to NCUA
As reported in the California and Nevada Credit Union Leagues’ Advocacy Blog, Representative Julia Brownley (D-Ventura) was the first member of Congress to formally write to the National Credit Union Administration (NCUA) in support of their proposal to modernize the member-business lending (MBL) rule. There will likely be many more to write in support of updating this outdated member business lending rule.

Vendor Authority Bill, Halted updated 08/05/15 04:20 PM
The League & CUNA Oppose Amendment
The U.S. Senate just adjourned for the August recess, but not without controversy for credit unions. The Senate was supposed to consider a bill addressing cybersecurity issues. During consideration, Sen. Elizabeth Warren (D-MA) introduced an amendment that would expand the NCUA's third-party vendor authority. The League and CUNA mobilized to halt any progress of this amendment. With the Senate's adjournment this afternoon, neither the bill or vendor authority amendment progressed. Credit unions, our CUSO partners, and vendors will now have time to further mobilize against future efforts.

CO-OP LAUNCHES CO-OP API SUITE updated 08/05/15 01:52 PM
New Developer Tool Helps CU Apps
CO-OP Financial Services is introducing a suite of APIs (application program interfaces) that will enable credit unions to quickly integrate the latest mobile and online technology directly into their existing mobile and virtual channels.

STATE EXPLORES BANKING MARIJUANA BIZ updated 08/03/15 02:30 PM
CU Reps Discuss on CA Panel
While California Board of Equalization Member Fiona Ma is proposing a state-run bank to serve the “legitimate” marijuana industry in California, the board is concerned with people walking into their offices with thousands of dollars in cash to pay their state taxes.

CUNA’S ’15-’17 STRATEGIC PLAN updated 07/31/15 09:44 AM
Letter From CEO Jim Nussle
The Credit Union National Association (CUNA) sent to credit unions a letter which contained the association’s 2015-2017 strategic plan, detailing how President and CEO Jim Nussle will fulfill mandates he received from the board when he signed his contract last September.

CATALYST'S ANNUAL ECONOMIC FORUM updated 07/31/15 08:54 AM
Registration Now Open
Registration is now open for Catalyst Corporate's 38th annual Economic Forum, which will be held Oct. 5-7 at the Omni Mandalay Hotel, near Dallas, TX.

WCMS CELEBRATES ‘15 GRADUATING CLASS updated 07/28/15 08:42 AM
New Fellowship Announced
On July 23, Western CUNA Management School (WCMS) celebrated its 2015 graduating class—the NU Class—in an elaborate affair. Ninety-seven students graduated with Northwest Credit Union Association President and CEO Troy Stang serving as the commencement speaker.