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League News
OCUL Annual Meeting Update: May 7 - 9, 2008
We are just one week away from the 74th Oklahoma Credit Union League Annual Meeting. However, there is still time for you to register your delegates for the OCUL annual business meeting, donate an item to the OCUPAC silent auction and register for the Century Club Dinner.
If your credit union wants to have a vote at this year's annual business meeting you must do two things: (1) be current on your dues and (2) register your delegate prior to the meeting. For more information, please contact Kim Patrick, 918.496.4688/800.375.6285, ext. 212 or via email at kpatrick@okleague.coop. |
Maybe your credit union would like to donate an item to the OCUPAC silent auction. Donations range from electronics, tickets to events, gift cards, cookware -- anything! To let us know of your donation, please contact DJ Morrow Ingram at 918.496.4688/800.375.6385, ext. 214 or via email at djmorrow@okleague.coop.
By becoming a member of OCUPAC at a minimum level of $100 you become eligible to attend the Annual Century Club Dinner, set for Wednesday, May 7 at The Summit Club in Tulsa. However, we must receive your reservation for the dinner by May 2, 2008 or your food selection will be chosen for you. For more information, call D.J. at 918.496.4688/800.375.6385, ext. 214.
Credit Union House Design To Be Unvealed At Annual Meeting
Another great reason to be at your League's Annual Meeting next week is an unveiling of the preliminary designs for Credit Union House! Architect Whit Todd has been working with the Building Committee of Bill Lavin, Gary Bartley and Doug Aldrich to complete the initial design phase. The designs will be on display at the OCUL Booth on the second floor mezzanine of the Southern Hills Marriott. |
What's Happening With Your Council
Compliance Council Changes June Date, Adds Additional August Meeting
Mark Your Calendars! The Compliance Council's next meeting will be held on Tuesday, June 10, at the Stroud Conference Center. (Please Note: This is a date change from the previously scheduled date of June 25.) An additional Compliance Council meeting has also been scheduled for Thursday, August 7, at Stroud. Topics for the June 10 meeting will include Identity Theft and updates on preparations for compliance with the FACT Act Red Flag guidelines.
As the Red Flag mandatory compliance date of November 1, 2008 approaches, the Compliance Council will meet again on August 7 to provide participants with additional Red Flag compliance resources and the opportunity to discuss and share implementation strategies and ideas. |
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Chapter News
Get Ready To Tee Off At The Annual Green Country Chapter Golf Tournament
Join the Green Country Chapter on Thursday, June 12 at the Cherokee Hills Golf Club for a golf tournament to benefit Children's Miralce Network / Credit Unions for Kids. To be a sponsor or to book your foursome, view the brochure.
Boomer Sooner Golf Tournament Set For July 14 |
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The Boomer Sooner Chapter of Credit Unions will hold its annual golf tournament benefiting CMN / Credit Unions for Kids at Lincoln Park and Golf Complex on Monday, July 14, 2008. To sign up as a sponsor or player, click here. |
Compliance Update
Compliance Challenge: Responsibility For BSA Recordkeeping
When a credit union requires the assistance of its corporate credit union to wire funds, which party has the responsibility for BSA recordkeeping?
Click here for the answer.
CUNA: Tips On Third Party Due Diligence
The Credit Union National Association is offering a May 13 audio conference to help credit unions with issues surrounding one of federal examiners' key 2008 priorities--due diligence requirements for third party vendor relationships.
The "Due Diligence With Third Party Vendors - Getting It Right" audio conference is intended to help credit unions with oversight and the adoption of careful monitoring and reporting practices. It will examine the requirements and offers solutions and approaches from practitioners that are working for credit unions.
If you would like more information about the upcoming audio conference or you would like to register, click here. |
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| News From CUNA Mutual Group
Benefits Of Marketing 401(k) Programs
Attendees of the National Association of Credit Union Service Organizations annual Conference were advised by a panel of judges to consider offering 401(k) retirement plans to select employee groups, business members and other businesses to strengthen their business services.
The panel suggested that marketing a retirement program could help credit unions:
- attract and retain more members,
- generate ongoing fee income from plan sales,
- strengthen current business relationships and
- increase retirement expertise awareness within the community.
To learn more about the benefits of offering a retirement program, click here. |
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News From Southwest Corporate
Floating-Rate Certificates A Viable Option Again
Low interest rates and excess liquidity are sparking renewed interest in an investment product that hasn't received much attention in recent years.
Credit unions flush with liquidity may be hesitant to lock in investments with current long-term fixed interest rates, in expectation that rates eventually will begin to rise again. One viable investment alternative for credit unions in this low interest rate environment is a floating-rate certificate of deposit.
For the rest of the story, click here. |
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People And Credit Unions In The News
FAA CU Demonstrates Belief In Employees Fitness
FAA Credit Union recently celebrated the grand opening of their newly built walking track. On Friday, April 18, President/CEO Steve Rasmussen and Executive Vice President Vic Thate, grilled hotdogs for the employees as a way to kick-off this new employee benefit. The asphalt track, which is 1/13th of a mile, is located behind their corporate office, where seventy-five employees are based.
For the complete story, click here. | |
