OHIO CREDIT UNION NEWS Doing your job is made easier by League,
CUNA
Your day is full! Credit union staff and
volunteers are consumed with more to-dos
than they have time to accomplish. Your dues
investment is used by the Ohio Credit Union
League and Credit Union National Association
(CUNA) to take care of the macro issues so
you can focus on running your credit union.
We do the leg work to bring you resources,
compliance guidance and answers, the latest
information, ready-to-implement programs
that expand member service, and new ideas.
Five 2011 League
board nominees appointed The 2011 Ohio Credit Union League Board
of Directors’ nomination process concluded
earlier this month. Current League
directors Barry Shaner of Directions CU will
represent District I, Phil Meyer of Ohio
University CU for District II, Robin Thomas
of Taleris CU for District III, Jennifer
Ferguson of Bay Area CU for Membership
Category A, and Steve Behler of Kemba CU for
Membership Category C.
Invest excess
liquidity to benefit your CU and foundations The loan drought and
flood of new savings dollars -- $1.47
billion in Ohio for the year ending March
2010 -- has left some credit unions with a
quandary: what should we do with the excess
liquidity? Consider making a deposit in the
Community Investment Fund, to benefit
the Ohio Credit Union Foundation and the
National Credit Union Foundation (NCUF). The
CIF is a social investment, with dividends
split between the credit union (50%), NCUF
(25%), and OCUF (25%).
Register to share
your input at Town Hall meetings
Have ideas about how the Ohio Credit Union
League can continue supporting your credit
union’s success? Share your thoughts with
League President Paul Mercer and board
members, and fellow credit union leaders at
the statewide Town Hall meetings.
Media focus in
August drives FindACreditUnion.com hits During August, the Ohio Credit Union
League focused its media efforts on bringing
attention to credit unions’ convenience
through the Shared Branching network. The
attention helped generate 1,495
FindACreditUnion.com searches in two weeks
for Ohio ZIP codes, returning 7,095 Ohio
credit union options, and a credit union’s
details were viewed 2,002 times.
Expert PR
assistance at your fingertips Are you on top of your media game?
Maximize your interactions with the media by
checking out the Ohio Credit Union PR Web
Tools, a suite of public relations resources
created by the Ohio Credit Union League to
assist your credit union. The PR Web Tools
provide quick and simple “how-to”
instructions for various media relations
tasks.
FoolProof free
for credit unions under $10 million FoolProof, an online financial literacy
tool, enables credit unions to reach large
audiences, overcome staffing obstacles, and
provide members with crucial information on
financial issues that impact their wallets. To give every credit
union access to the turnkey tool, FoolProof
is licensing its programs for free to all
Ohio Credit Union League-affiliated credit
unions with assets of $10 million or less.
Highly-affordable packages are available for
larger credit unions.
Two Ohioans join
ranks of CUDE elite Ohioans Cathy Beaber of Credit Union of
Ohio and Laura Ille of KEMBA Financial CU
are among 42 credit union leaders who
graduated from the National Credit Union
Foundation’s Development Educator (DE)
Training this month.
Wear jeans next
month to support local children’s hospital Credit unions are encouraged to
participate in Miracle Jeans Day 2010 this
fall, a nationwide fundraiser for Children’s
Miracle Network (CMN). Employees at your
credit union can “go casual” on Sept. 15 and
wear jeans in exchange for a minimum
donation of $5.
CMG’s “secret
weapon” for marketing insurance Like many credit unions, you’ve probably
decided that it makes sense to make
insurance available to your members. MemberCONNECT from CUNA
Mutual Group (CMG) has developed a
proprietary segmentation strategy that
divides members into 13 core segments. Members receive only the
insurance offers that match their needs and
purchasing patterns. MemberCONNECT also
creates a member-focused marketing schedule.
eLUMINATION SPECIAL FEATURES
Get Thinking:
Millions
left on the table means
opportunity for CUs
Who are the “underserved” and
are they viable? In fact, credit
unions are ideally positioned to
serve underbanked consumers, and
in turn will enjoy strategic
growth. The findings of the
Federal Deposit Insurance
Corporation’s National Survey of
Unbanked and Underbanked
Households contain the proof
why.
Best Practice: CU
using Columbus Day for
social responsibility
On Columbus Day, Oct.
11, the doors of KEMBA
Financial Credit Union’s
locations throughout
Central Ohio and in
Bellefontaine will be
closed, but its
employees will be busy
with its first “All
Staff Community Outreach
Day.”
LEGISLATIVE &
REGULATORY NEWS
Get details on what Hardest Hit Fund
means to your CU
Learn about the Ohio Hardest Hit Fund and the role credit unions can play in its success during an Aug. 26 conference call at 2:00 p.m., hosted by the Ohio Credit Union League and Ohio Department of Commerce.
Campaign
continues for MBL amendment; Get
involved The fight to expand credit unions’
member business lending (MBL) capacity
continues in advance of Congress’
anticipated Sept. 13 return to session. The
Ohio Credit Union League and Credit Union
National Association are in the midst of a
four-week campaign to convince Senators
to actively
support the MBL amendment sponsored by Senator Mark Udall (D-Colorado).
Performance of
Ohio CU PACs remains strong Ohio’s credit union political action committees (PACs) are on track to collect a record $210,000 in contributions this year. More than $15,000 was contributed in July, bringing 2010 year-to-date numbers to $127,764, 60.84% of goal. The Butler County, Central Ohio, Cincinnati, Mahoning Valley, Miami Valley, North Central, South Central, and Western Buckeye Chapters have reached at least 50% of their annual fundraising goals.
No break in advocacy: Hike the Hill,
Sept. 28-29 Ohio credit union leaders will travel to Washington, D.C., for the 2010 Hike the Hill Sept. 28-29. During the two days, the delegation will meet with Ohio’s Congressional members to reinforce the need for legislation increasing the member business lending cap and other issues affecting credit unions.
Sutton voices
continued support for CUs Congresswoman Betty Sutton (D-Copley)
met with Akron-area credit union leaders at
an Aug. 18 meeting hosted by TeleCommunity CU. The group thanked Sutton for her strong support of credit unions on issues ranging from member business lending to the federal tax exemption during her first two terms. Sutton shared her deep roots in the Credit Union Movement with the group and voiced her willingness to support credit union issues in the future.
CU board member
running for Ohio Senate seat Frank Comunale, a candidate for Ohio’s
27th Senate district, visited the Ohio
Credit Union League earlier this summer to
discuss his race and issues affecting credit
unions. Currently a member of the Summit
County Council District 4, Comunale has a long history with credit unions in the Akron area, as a member and board member of Towpath CU.
State Rep. Goodwin
visits local CU Midwest Community FCU welcomed State Rep. Bruce Goodwin (R-Defiance) to its headquarters in Defiance on Aug. 11. Goodwin, a co-sponsor of legislation to make credit unions eligible to receive public funds, discussed issues facing the 74th district, such as jobs and schools, and the importance of credit unions.
EDUCATION &
LEARNING
Stay up-to-date
on collections and bankruptcy issues
Bankruptcies
still plague
financial
institutions at
an alarming
rate, and the
slow economic
recovery is not
helping. Learn
how to keep
members from
reaching
bankruptcy and
what to do if it
happens at the
Collections and
Bankruptcy
Update, Oct. 14.
Webinar: All of
the substance, none of the sales Don't waste your time sitting through a
useless pitch
for a product or
service you
don't need. Get
right to the
training issue
at hand with
Webinars from
the Ohio Credit
Union League and
Credit Union
National
Association.
With more than
40 Webinars
scheduled
throughout the
remained of the
year, and more
than 70 archived
options at your
fingertips, it’s
the training
your staff and
management team
needs, when it’s
needed, and free
of pitches.
Online training
program: Multiple ways to meet training
needs CPDOnline is the most comprehensive
online training
program
available to
credit unions.
Fulfill your
compliance
training needs
with the more
than 45
compliance
courses; provide
your lending,
accounting, and
management staff
with multiple
training
options; and
access more than
20 volunteer
training
courses. Credit
unions with
assets of $20
million or less
receive Small
Credit Union
Discount pricing
of only $400.
Seminars in a Box: Build a sales culture
efficiently and effectively Training budgets are tight, but staffs
need sales
training to
create more
revenue. The
“Seminar in a
Box: Sales
Series” contains
everything
needed to plan,
tailor, and
execute a staff
training to
build a sales
culture within
your credit
union.
Joint
chapter silent
auction on Sept.
9
The Cleveland
and Summit
Chapters will
host a silent
auction
benefiting the
Ohio Credit
Union Foundation
on Sept. 9 at
St. Michael’s
Woodside in
Broadview
Heights.
Northwest
Chapter's
mini-convention
set for Sept. 16 Learn ways to protect your credit union
from a social media nightmare at the
Northwest Chapter’s annual Summit
Mini-Convention on Sept. 16. The Richard
C. Blake Memorial Classic will be Sept. 17 at
Bedford Hills Golf Club.
Central
Ohio Chapter
annual
legislative
event, Sept. 21
Be a part of
local credit
union political
activism at the
Sept. 21 Central
Ohio Chapter
Legislative
Night. The
chapter’s credit
union political
action committee
contributors
will also be
recognized.
BSA
training at SW
chapters' Sept.
30 meeting
The Cleveland
and Summit
Chapters will
host a silent
auction
benefiting the
Ohio Credit
Union Foundation
on Sept. 9 at
St. Michael’s
Woodside in
Broadview
Heights.
First Ohio CU offered free
document shredding services to the community in exchange for
non-perishable food donations for the Akron/Canton Regional Food
Bank.
Fremont FCU's team raised $2,300
to support Relay for Life.
Seven Seventeen CU awarded
$12,000 in scholarships to local students during its annual meeting.
The Central Ohio Chapter awarded
its student scholarships during its May event.
MidState
Educators Credit Union’s Scholarship Foundation awarded five
$2,000 scholarships to graduating seniors during the credit union’s
74th annual meeting. Since the beginning of its scholarship program
in 1998, the credit union has paid out $102,000 in scholarships.
Names in the News
MidUSA Credit
Union opened
a new,
full-service
office in
Liberty Township
to serve the
residents of
Monroe, Liberty
Township, and
West Chester.
Kent Credit
Union hosted a
grand re-opening
of its
newly-relocated
branch in
Streetsboro
Crossing.
Superior
Savings CU
cut the ribbon
for its newest
location on
Lincoln Way
East.
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