| eSights Update
Please Note: |
| A few of our readers have had some concerns with the way they are receiving or not receiving this newsletter. If you have any questions or comments, please email Amber Vanderslice at your League office.
In addition, we would like to remind all our readers that this is a submission based newsletter. If your company has a news story or information on an upcoming event that you would like highlighted in the newsletter, please send the information to avanderslice@okleague.coop. |
League News
OCUL Leadership Elected At 74th Annual Meeting |
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At the Oklahoma Credit Union League's May 8 general business session of the 74th Annual Meeting, credit union members and volunteers from across the state elected their League leadership.
The following were elected by their credit unions's elected delegates to serve three-year terms on the League's Board of Directors:
- Rob Holder, President/CEO, Dowell Federal Credit Union
- Steve Rasmussen, President/CEO, FAA Credit Union
- John Ray, President, NEO Federal Credit Union
The League Board elected the following officers:
- Chairman, Mike Kloiber, President/CEO Tinker Federal Credit Union
- Vice-Chairman, Jim Harig, President/CEO Muskogee Federal Credit Union
- Secretary/Treasurer, Gina Wilson, President/CEO Oklahoma Central Credit UnionOCUL Leadership Elected At 74th Annual Meeting
OCUL Soon To Unveil New Web site
After several months of development, the League is proud to announce that our new Web site will be up and running within the next few weeks. This Web site was designed purely with functionality and ease of use in mind, which is an effort to further contribute to a pleasant online experience. If you have any comments about this new Web site once it is unveiled, positive or negative, they are more than welcome. You may send your feedback to dbianchini@okleague.coop. |
What's Happening With Your Council
HR Council Meeting Scheduled For June 5
The second quarterly meeting of the HR Council will consist of roundtable discussions on Supervisor Training and the HR portion of building a Disaster Recovery Plan. The meeting will be held at the Stroud Conference Center on June 5, 2008 from 10 a.m. till 1 p.m. To reserve your spot, download the flyer.
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Complete Your Red Flag Risk Assessment At The June 10 Compliance Council Meeting
The Compliance Council's next meeting will be Tuesday, June 10 at the Stroud Conference Center. The meeting will focus on the Red Flag Risk Assessment, which is the first step in compliance with Section 114 of the FACT Act (mandatory compliance date of November 1, 2008). Participants will work on development of the Red Flag Risk Assessment as a group and in small group activities. In addition, representatives from Verafin will discuss Red Flag compliance and how to integrate these identity theft compliance requirements with BSA/AML and fraud detection procedures already in place.
Attendees should bring their Credit Union's vendor list and list of products and services as well as any materials they may have already developed regarding Red Flag compliance. Registration for this meeting can be made on the OCUL Web site at www.okleague.coop or by fax to 918.496.4689 by June 6. Non-members are encouraged to attend this meeting for only a $16 non-member fee. For more information, contact Dana Kroutil at dkroutil@okleague.coop.
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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. |
Marketing Update
Southwest NCUIS Unveils New Network For CU Marketers
With an estimated 70 million in numbers, Generation "Y" represents the largest generation in America since the Baby Boomers. Yet, very few credit unions have successfully targeted this audience. To bridge the gap between this age group and our credit unions, NCUIS has launched their new online network for credit union marketers, which will serve as a "MySpace" for credit union marketing staff. Marketers are encouraged to log on to design their own page, write blogs, join in forums and share their marketing ideas.
To learn more, click here. |
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Compliance News You Can Use
OCUL Audit Continues Strong Internal Audit/Supervisory Committee Assistance Program
Is your Supervisory Committee struggling to find time to complete the regular monitoring and review of credit union operations? Does your credit union need some internal auditing functions performed but doesn't want to employ a full-time internal auditor? League Audit Services currently performs such customized internal audit/supervisory committee procedures for numerous Oklahoma credit unions, both large and small. Procedures that might be performed as part of these customized reviews include: loan review, cash counts, review of bank account and general ledger account reconciliations, review of insider accounts, dormant/inactive account reviews, confirmation of new and closed accounts and new loans, review of file maintenance transactions, and various compliance audits. Contact Dana Kroutil at extension 240 dkroutil@okleague.coop to discuss how these audit procedures can be tailored to your credit union's individual needs. |
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News From Southwest Corporate
Southwest Corporate's Service Builds Efficiency for CUs
About 78 percent of American workers wish they had more time to "stop and smell the roses," according to Dr. Donald Wetmore of the Productivity Institute in Stratford, Connecticut. If this statement hits home personally, consider streamlining office procedures with Southwest Corporate Federal Credit Union's Corporate Checking with Positive Pay.
Credit unions use Corporate Checking for vendor payments, loan disbursement checks, official checks and more. With the service, checks are drawn on the credit union's Southwest Corporate account and cleared through Southwest Corporate. The credit union maintains the float until checks post to the account, and the account balance earns dividends based on a daily average interest rate. Other services may require a credit union to prefund issued drafts.
One of the program's best features is Positive Pay, Southwest Corporate's free online account reconciliation service. Each day, credit unions use Positive Pay to validate paid items and identify items that need to be researched.
View full story. |
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People And Credit Unions In The News
Drive On Out To The WEOKIE Foundation Golf Tournament
WEOKIE Credit union is inviting you to take part in the 2nd Annual WEOKIE Foundation Golf Tournament, scheduled for Thursday, June 5 at the Silverhorn Golf Course. By being an active participant you will be supporting the goal of the Foundation, which is to promote the credit union's commitment to social responsibility and the community so they can make better financial choices.
For available sponsorships and golfer registration, click here. | |
