NCUA Schedules Virtual Town Hall
ALEXANDRIA, Va.-NCUA Chairman Debbie Matz has scheduled a Virtual Town Hall on Thursday, Feb. 17 from 2:00 to 3:30 p.m. EST. The free webinar will feature updates on NCUA's initiatives to reform the corporate CU system, minimize costs to consumer credit unions, and promote financial literacy for volunteers, NCUA said.
For info: www.ncua.gov.
NAFCU Now Accepting Nominations
ARLINGTON, Va.-NAFCU is accepting entries for its 2011 Annual Awards Competition thorugh March 18. Open to any NAFCU CU, nominations are accepted for FCU of the Year, CEO of the Year, Professional of the Year and Volunteer of the Year, and are divided by two asset categories.
For info: www.nafcu.org.
CU Student Choice, Filene Partner
WASHINGTON-Credit Union Student Choice, a CUSO that provides private student lending services to credit unions, said it is entering into a partnership with the Filene Research Institute to help its clients form deeper relationships with young adults. The partnership will begin with two free webinars in February and March that will be led by Brent Dixon, young adult advisor with the Filene Institute. . Credit Union Sutdent Choice has funded more than 21,000 student loans over the past three years, with loans made by more than 175 CUs.
Young CU People Scholarship Opens
MADISON, Wis.-The World Council of Credit Unions (WOCCU) is accepting nominations for the 2011 WOCCU Young Credit Union People (WYCUP) Scholarship Program, for CU professionals and volunteers under age 35. The deadline for all nominations to be received at WOCCU headquarters is June 14, 2011. For info: www.woccu.org/wycup.
Survey On 'Green'-Oriented Buildings
MADISON, Wis.-The Filene Research Institute said it will be collaborating with Hall Associates Consulting to assess the extent and performance of North American credit unions' "green"-oriented lending. Regardless of their current green-lending profile, all credit unions are being encouraged to complete the survey, the results of which will be published later this year. For info: http://filene.org/blog/post/green-lending-survey. Deadline is Jan. 28.
Hawaii CU Helps Teachers With Grants
HONOLULU-Hawaii State FCU has awarded $25,000 in cash grants through its Helping Hands Grant Program to 54 teachers on Oahu, Maui, Molokai, and the Big Island. The grants help cover the cost of supplies.
Gill To Keynote Marketing Meeting
MADISON, Wis.-Libby Gill, executive coach, brand strategist and author, will provide the keynote at the CUNA Marketing and Business Development Council's Conference, March 16-19 in Las Vegas.
For more details on the agenda: www.cunamarketingcouncil.org.
CUNA Intro's Exam Bill of Rights
WASHINGTON-CUNA has introduced a credit union bill of "examination rights" as part of a new booklet called "Supervisory Issues And Examinations: Guidance For Credit Unions During The Current Economic Times And Beyond." Twenty-four such rights are listed in the booklet, including rights of credit unions to "manage risk without being directed by examiners to eliminate it," and "appeal examiner findings, conclusions, or directives without retaliation from their regulator," among others. All of the "examination rights" are cross-referenced to sections of the NCUA's Examiner's Guide. For info: www.cuna.org (select the "Exam and Supervisory Issues" link).
Three More CUs Pay Bonuses
MIDLAND, Mich.-Dow Chemical Employees' CU has returned $5.7 million to its members in the form of rebates and rewards. The bonus was paid out as a 15% loan interest rebate; a 15% savings dividend bonus, and for Visa Check Card holders, a 0.125% rebate on all signature-based transactions and $0.01 for each PIN-based transaction during 2010. In Green Bay, Wis., PCM Credit Union is returning nearly $534,000 to members, representing 7.5% of all loan interest paid in 2010, along with a 50% bonus dividend on interest earned on all regular shares. Over the past six years PCMCU has given back nearly $1.5 million in such rebates. In Plattsburgh, N.Y., Dannemora FCU returned $97,0000 to members via a 2% bonus on share dividends and loan interest.
Providence FCU Unveils New Look
MILWAUKIE, Ore.-Providence FCU has introduced a new brand and website it says better reflects its growing FOM. "The new brand strategy, which includes a new tagline 'Doing what's right,'is designed to embrace the membership, health care industry and community," the $100-million CU reported.
Webinars Offered For Director Ed
BIRMINGHAM, Ala.-Dollar Associates said it is expanding its webinar series in 2011 to include a three-module training program available by webinar to assist directors in meeting the new requirements for financial literacy. The webinars will include sessions on in-depth understanding of a financial statement, the legal requirements and responsibilities of fiduciaries, and the top 10 items every director should monitor monthly. Each session will last approximately 90 minutes can be participated in individually or as a three-course certification program.
For info: www.dollarassociates.com.