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Member News (May 2013) (Print this edition!)

CUs ACTIVE IN LOCAL COMMUNITIES
updated 05/06/1303:13 PM
'Member News' Posted
Scroll down to view the latest on how credit unions and industry affiliates across California and Nevada are donating time and money to help the communities they serve, implementing new operational strategies for members, and advocating for the credit union movement!

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L-R: Diana Dykstra, President and CEO of the California and Nevada Credit Union Leagues; John Pamer, CEO of Diablo Valley FCU and outgoing Chairman of the Credit Union SacTown Ten-Mile Run Committee; and California State Senator Steve Knight (far right) with his staff who ran in the race.
WINNING SACTOWN LEGISLATOR TEAMS
updated 05/06/1303:12 PM
California State Senator Steve Knight's office won the Credit Union SacTown Ten-Mile Run legislative team trophy at this year's race in early April. The team, which was recognized in late April by a visit from credit union executives and California and Nevada Credit Union Leagues staff, received the honor of proudly displaying the trophy for a period of time until next year's race. Besides raising money for Children's Miracle Network Hospitals, the race helps reinforce the credit union philosophy of giving back to the community.

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L-R: SCE FCU Director of Business Development and Community Relations Pascual Garrido, COO George Poitou; Rep. Janice Hahn, D-CA; Board Vice Chairman Bob Toohey, and CEO Dennis Huber
SCE FCU
updated 05/06/1302:26 PM
SCE FCU hosted a "Congress on Your Corner" event for Rep. Janice Hahn, D-CA, and Rep. Grace Napolitano, D-CA, in late March and early April, where both congressional members visited the credit union's headquarters on separate occasions and discussed how SCE FCU can partner with their offices to help local businesses create jobs.

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Christopher Crockett, SVP of Member Services
KINECTA FCU
updated 05/06/1302:26 PM
Kinecta FCU appointed Christopher Crockett as senior vice president of member services. He will oversee retail services, the credit union's member contact center, risk operations, and card administration and services.

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'CREDIT UNIONS 4 KIDS'
updated 05/06/1301:45 PM
As of late April, six California credit unions were participating in Credit Unions for Kids' Change a Child's Life change drive, where credit union members can donate loose change to their local Children's Miracle Network Hospital and help change a child's life. The credit unions are: CoastHills FCU, Financial Partners CU, First Entertainment CU, Heritage Community CU, Pacific Marine CU, and Rarin FCU.

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Members of the CU SacTown Ten-Mile Run committee, runners (including first-place women's winner Olympian Kim Conley), and representatives from U.C. Davis Children's Hospital after Sunday's race.
CU SACTOWN TEN-MILE RUN
updated 05/06/1301:44 PM
The second annual Credit Union SacTown Ten-Mile Run—which took place April 7 in downtown Sacramento, CA—raised $182,160 for Children’s Miracle Network Hospitals in California and Nevada. The event was sponsored by CU Miracle Day, Inc., along with 59 credit unions and credit union businesses, including the California and Nevada Credit Union Leagues.

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FIRST FINANCIAL CU
updated 05/06/1301:42 PM
First Financial CU awarded scholarships worth $500 each to 12 members who have achieved academic excellence in various California colleges and universities. This year, the credit union is celebrating its 80th anniversary.

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L-R: Ron Stratman, Chief Marketing Officer for California CU; Assemblyman Mike Gatto, D-Los Angeles; Diana Dykstra, President and CEO of the California and Nevada Credit Union Leagues; and Ron McDaniel, CEO of California CU and Chairman of the Leagues' Government Relations Committee
2013 CALIFORNIA GRR
updated 05/06/1301:40 PM
Credit union CEOs, executives, and board directors filled the halls of the California state capitol building during the 2013 California Government Relations Rally (GRR) in late April, impressing upon assembly members and senators the successful financial literacy efforts credit unions are accomplishing within their districts. Almost 80 participants—with fact sheets in hand detailing their respective credit union's outreach to local schools and organizations—discussed with lawmakers and legislative aides how credit unions are making a difference in local communities.

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Yuba City High School student Ling (center) with former NBA basketball player Harold Pressley (left) and Sierra Central CU CEO John Cassidy. Ying budgeted and saved $800 per month at the Mad City Money event.
SIERRA CENTRAL CU
updated 05/06/1301:40 PM
Sierra Central CU held a Mad City Money event in late April at Yuba City High School, where 100 students participated in the interactive financial game. They each received a folder with hypothetical life factors and had to shop for things they needed, all while budgeting their money.

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COAST CENTRAL CU
updated 05/06/1301:38 PM
Coast Central CU awarded five community grants totaling $50,000 to local organizations as part of its Community Investment Program, including the local chapter of the American Red Cross, Mountain Communities Healthcare Foundation, McKinleyville Land Trust, Elk Valley Artisans, and Eureka Junior Football League Association. Founded in 2008, the grant program has awarded a total of $500,000 to 35 organizations.

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SAN FRANCISCO FIRE CU
updated 05/06/1301:37 PM
San Francisco Fire CU donated $2,500 to Boston's First Responders Fund in response to the devastating bombing events of April 15 in Boston, MA—money that will help the families of victims as they cope with the loss of their loved ones.

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L-R (front row): Mike Nolan, Chairman of the Simi Valley Chamber of Commerce; Steve Sojka, Councilman for Simi Valley; Sana Saleh, SVP of Branch Services for Premier America CU; Jessica Buckley, Branch Manager for Premier America CU; John Merlo, CEO of Premier America CU; Mike Judge, Mayor Pro Tem of Simi Valley; and Keith Mashburn, Councilman for
PREMIER AMERICA CU
updated 05/06/1301:36 PM
Premier America CU announced its Simi Valley branch moved to a new location, with the Simi Valley Chamber of Commerce celebrating the credit union's new site at its ribbon-cutting reception in early April.

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Mick VanStaveren of InSphere Insurance Solutions helps teens learn about child care costs during the "Bite of Reality" event held at San Rafael High School, hosted by Redwood CU and RMJ Foundation.
REDWOOD CU
updated 05/06/1301:34 PM
Celebrating National Financial Literacy Month and National Credit Union Youth Week, the Richard Myles Johnson Foundation and Redwood CU recently presented the Bite of Reality program to 85 seniors from San Rafael, Madrone, and Terra Linda high schools in Northern California. The hands-on simulation program offered by the RMJ Foundation— together with the California and Nevada Youth Involvement Network—was held April 24 at San Rafael High School and is designed to teach young people the basics of finance in a fun, interactive way. On the philanthropic front, Redwood CU employees raised more than $8,000 on behalf of Big Brothers Big Sisters of the North Bay, where more than 100 Redwood CU volunteers, including employees, family, and friends, participated in collecting additional donations. Redwood CU also took a step forward for the environment when a team of 28 employees, officials, and family members joined approximately 60 other community volunteers for the Fourth Annual Laguna de Santa Foundation Rosa Tree-a-Thon to restore a local oak woodlands ecosystem. Redwood CU has also named three new branch managers to its organization: Dawn Leandro will head the Windsor, CA location, Kristie Strickler was appointed manager of the Ukiah, CA branch, and Stephen Hazard will oversee operations at Sebastopol, CA.

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Holly Brown, Financial Education Specialist for Schools Financial CU, hosts a booth at the Financial Literacy Fair at the California capitol building in Sacramento.
FINANCIAL LITERACY FAIR
updated 05/06/1301:32 PM
A few credit unions set up outreach booths at California State Controller John Chiang's "Financial Literacy at the Capitol" event in early April—an event that elected officials attended to get a better sense of the organizations promoting financial literacy in local communities.

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A NuVision FCU representative with Hillcrest Elementary School kids—one of 16 schools recently visited to help educate children about money and banking, while also encouraging good savings habits.
NuVISION FCU
updated 05/06/1301:31 PM
NuVision FCU visited 16 elementary schools to help educate local kids about money, banking, and encourage them to build good savings habits. The credit union also offered special promotions and prizes for its youngest members throughout April. Additionally, NuVision FCU—through its "Switch and Save Challenge" in early 2012—helped members save a total of $26 million through low interest rate loans on mortgages, auto loans, and credit cards.

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COASTHILLS FCU
updated 05/06/1301:30 PM
CoastHills FCU members have recently been taking advantage of low interest rates and refinancing several mortgage loans through the latest version of the federal government's Home Affordable Refinance Program (HARP). Since April 2012, CoastHills has booked $33 million in HARP 2.0 loans and collectively saved its members $600,000 annually.

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CO-OP FINANCIAL SERVICES
updated 05/06/1301:29 PM
CO-OP Financial Services announced a patronage (shareholder dividend) pool of $25.9 million for fiscal year 2012 for member credit unions—a 73-percent increase compared to 2011 ($15 million). It brings the total shareholder patronage amount to $254 million since CO-OP was established as a credit union-owned cooperative in 1996.

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L-R: National Credit Union Administration Regional Directors Liz Whitehead (Region V) and Jane Walters (Region II)
LEAGUES AND NCUA MEETING
updated 05/06/1301:28 PM
In a continuing effort to effectively communicate California and Nevada credit unions' regulatory concerns, representatives from the California and Nevada Credit Union Leagues met with National Credit Union Administration (NCUA) Regional Directors Liz Whitehead (Region V) and Jane Walters (Region II) last week in two separate league dialogues. Additionally, Nevada credit unions moved back to Region V from Region I as of Jan. 1; and California credit unions remain in Region II. For details on what was discussed, click here.

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Bay FCU's 2013 scholarship winners with credit union staff (L-R): Jake Malsbury, scholarship winner; Carrie Birkhofer, CEO; Dennis Osmer, Board Chairman; Elisabeth Schlaepfer; Megan Eldredge; and Dawn Wingert.
BAY FCU
updated 05/06/1301:27 PM
Bay FCU awarded five Santa Cruz County students each with $1,000 educational scholarships (the annual Mac McCormac Employee Scholarship and the 2013 "Be the Change" Scholarship), where participants had to submit transcripts, letters of recommendation, complete an online financial education course and submit an essay or short video describing how they plan to "be the change" they wish to see in the world.

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Altura CU member Helen Carrera (right) receives a check for $500 from Rhonda Redmon, Assistant Manager of Altura CU's Canyon Springs branch in Moreno Valley, CA.
ALTURA CU
updated 05/06/1301:24 PM
Altura CU members Helen Carrera and Teresa Flores each won $500 for using their Altura Visa Debit Cards to make purchases—a promotion created to get the word out about the convenience of the credit union's Visa Debit Card. Altura CU also gave out five Mini iPads in April as part of its "Mini Ways to Win" checking account promotional campaign. Additionally, Altura CU's auto-locating and buying service subsidiary, Auto Expert, reported a 30 percent increase in car sales for 2012 over 2011, as well as 2012 net income that rose 148 percent over 2011. Altura CU also set up a fund to help a local family deal with medical expenses for their daughter who was critically injured in a hit-and-run crash in late April in Riverside, CA.

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During an April 8 visit to Guatemala, California and Nevada Credit Union Leagues President and CEO Diana Dykstra met the full board senior staff of the Federación Nacional de Cooperativas de Ahorro y Crédito (FENACOAC), Guatemala’s national credit union trade association, to discuss planning and strategy.
LEAGUES AND FENACOAC
updated 05/06/1301:22 PM
California and Nevada Credit Union Leagues President and CEO Diana Dykstra recently conducted a workshop on governance and strategy with the board of directors of Federación Nacional de Cooperativas de Ahorro y Crédito (FENACOAC), Guatemala’s national credit union trade association. During the April 8 visit to the Central American country, Dykstra—along with FENACOAC CEO Oswaldo Oliva and World Council of Credit Unions Vice President of the Worldwide Foundation for Credit Unions Victor Miguel Corro—also visited with the Superintendency of Banks to advocate for credit union-specific regulation.

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CU QUARTERLY PERFORMANCE REPORT
updated 05/06/1301:21 PM
To assist credit unions in helping create a solid financial future for their member-owners, the California and Nevada Credit Union Leagues recently partnered with Callahan and Associates to produce the Credit Union Quarterly Performance Report as a supplement to D.J.'s Economix. Using this new report, credit unions can catch up on the latest quarterly financial analysis to prepare for the next economic and market performance trends within the industry.

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FIRST TECH CU
updated 05/06/1301:20 PM
First Tech CU announced it is the first credit union in the nation to introduce a native Windows Phone mobile banking application with integrated mobile deposit and bill-pay functionality. Members will be able to bank from their Windows, iPhone, or Android smart phones.

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Lisa Grimmett, Branch Manager for Members 1st CU
MEMBERS 1ST CU
updated 05/06/1301:19 PM
Members 1st CU appointed Lisa Grimmett as new branch manager of the credit union's Pine Street location in Redding, CA. Grimmett brings more than 20 years of banking experience.

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L-R: Darin Guggenheimer, CEO of Burbank City FCU; Jess Talamantes, Councilman for the City of Burbank and Board Director for Burbank City FCU; and Linda Walmsley, Director of Compliance for First Entertainment CU
BURBANK CITY FCU
updated 05/06/1301:18 PM
Burbank City FCU Board Director Jess Talamantes, a 28-year credit union volunteer, won his reelection for Burbank City Council in April. Prior to his service on the city council, Talamantes worked 32 years as a firefighter for the city. Additionally, 21 years of his credit union volunteer service has been as a board member for Burbank City FCU.

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MENDO LAKE CU
updated 05/06/1301:17 PM
Fort Bragg Community FCU and Mendo Lake CU signed a resolution putting into motion the regulatory process to merge the two credit unions. The proposed merger is subject to state and regulatory approval, followed with a vote by Fort Bragg Community FCU members.

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CUNA COUNCIL
updated 05/06/1301:17 PM
The Credit Union National Association's (CUNA) Marketing and Business Development Council announced its executive committee and officers during its 20th annual conference in March in Anaheim, CA, where Michelle Hunter, senior vice president of marketing and development for Credit Union of Southern California, was elected chairman, and Kathryn Davis, senior vice president of marketing and human resources for Xceed Financial CU, will become vice chairman. Also, First Entertainment CU was awarded "Diamond Best of Show" for its three commercials highlighting the difference between a credit union and a bank; Operating Engineers Local Union No. 3 FCU was awarded the "color" recognition for its best use of art; and Travis CU was awarded the "clarity" recognition for having the "most sentimental" annual report.

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THE GOLDEN 1 CU
updated 05/06/1301:12 PM
The Golden 1 CU hosted a free community shredding event in April, where local residents were invited to drop off up to five medium-sized boxes filled with confidential and personal documents that they needed destroyed.

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CBC FCU
updated 05/06/1301:11 PM
CBC FCU allotted $5 million to assist members directly impacted by the recently announced federal sequestration budget cuts and furlough days. U.S. Defense Department workers and contractors, as well as military veterans, are eligible. The program offers interest-free loans or up to $10,000 per person until the end of 2014, as well as allowances for delayed and partial loan payments.

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CATALYST CORPORATE FCU
updated 05/06/1301:09 PM
Catalyst Corporate FCU's annual meeting and Accelerating Success Conference was held on April 9-10 at the Rancho Bernardo Inn in San Diego, CA. The two-day event provided attendees an overview of Catalyst's performance, insight into the financial industry and economy, and the election of a new board.

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FHLB HOMEOWNERSHIP GRANTS
updated 05/06/1301:05 PM
CoastHills FCU, Meriwest CU, StarOne CU, and Travis CU were approved by the Federal Home Loan Bank of San Francisco for home-ownership down payment assistance grant funds to help local families earning less than the median income. The credit unions received a total of $640,000 for both the Workforce Initiative Subsidy for Homeownership Program (WISH) and the Individual Development and Empowerment Account Program (IDEA).

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