League News
We Are Currently Accepting Advertisements For The 2009 Directory/Resource Guide |
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It is time to check out the advertising opportunities available to you within our directory. Advertising in our directory will put your product or service directly in front of your targeted audience. Advertising is available on a first come first serve basis, so reserve your spot now!
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| What's Happening With Your Council |
Marketing Council To Host Meeting On June 26
The Oklahoma Credit Union Marketing Council will host their first meeting on Thursday, June 26 at the Stroud Conference Center beginning at 10 a.m. The agenda for this meeting will consist of officer elections as well as a presentation on the "Oklahoma Hispanic Opportunity" as presented by Diana Rogers, account executive of Univision Television in Oklahoma City. Attendees will learn how to grow their member-base by targeting the young Hispanic, learn more about programs to incorporate within their credit union to target this group and how to measure the outcome of your marketing efforts. For more information or to reserve your seat, call Nikkie Boyd at 918.496.4688, ext. 211 or email education@okleague.coop.
June 5 HR Council Meeting Was Well Received By Members
Roundtable disscussions on supervisor training and the HR portion of a Disaster Recovery Plan lead by Sonya Sugg of ME/CU on June 5 were well received by HR Council members. Members in attendance represented the following credit unions: 66 FCU, Allegiance CU, Department of Public Safety FCU, Energy One FCU, Langston FCU, ME/CU, TTCU, WEOKIE CU and Woods CU. |
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Chapter News
Boomer Sooner Chapter Meeting Set For June 19 |
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The next Boomer Sooner Chapter Meeting will be held June 19 at the Sportsman's Country Club. The presenter for the evening will be Jan Dunhan of the Children's Miracle Network / Children's Miracle Research Foundation.
Green Country Chapter Golf Tournament Rules & Regulations
Attention Golfers: For those of you who will be attending the Green Country Chapter Golf Tournament this Thursday, we ask that you click here to view a complete list of rules and regulations for the Cherokee Hills Golf Club. Please note that the dress code for the golf club is strictly enforced. |
Compliance News You Can Use
Resource: NCUA
NCUA And Two Banking Agencies Release Unfair Practices Proposal For Credit Card Accounts |
| The National Credit Union Administration Board has approved a joint proposed rule with the Federal Reserve and the Office of Thrift Supervision, prohibiting credit card and overdraft service practices as unfair or deceptive under Section 5 of the Federal Trade Commission Act (see 73 FR 97 p. 28904).
The joint rule would prohibit the following seven practices associated with credit card programs: (1) Unfair time constraints for consumers to make payments; (2) Unfair allocation of payments among balances with different interest rates; (3) Unfair application of increased annual percentage rates to outstanding balances; (4) Unfair fees for exceeding the credit limit solely because of a hold placed on an account; (5) Unfair balance computation method; (6) Unfair financing of security deposits and fees for issuance or availability of credit and (7) Deceptive firm offers of credit.
The proposal would also require that federal credit unions provide an opportunity for a consumer to opt out of an overdraft protection program, and it would prohibit an FCU from charging a fee for an overdraft caused by a hold placed on consumer funds in connection with the use of a debit card. The Federal Reserve Board also plans complementing separate proposals to the Truth in Lending Act (Regulation Z) and the Truth in Savings Act.
Johnson Testifies Credit Unions Are Strong And Well Positioned
National Credit Union Administration Chairman JoAnn Johnson testified today on the state of the credit unions industry before the Senate Banking Committee.
"Federally insured credit unions are financially strong. They have implemented NCUA guidance related to real estate and other lending and as a result are positioned to weather the current economic turbulence. While data show that the industry is not entirely insulated from the adverse impact of the mortgage situation, it also supports the conclusion that strong risk management and prudent standards, closely supervised by an engaged regulator, serve to ensure continued success," Chairman JoAnn Johnson said.
To read the remainder of Johnson's testimony, click here. |
| News From CUNA Mutual Group
Nominations Open For Excellence In Lending Awards |
Nominations are now being sought for the ninth annual Excellence in Lending Awards, which recognizes individual credit unions for their ability to serve members while sustaining sound financial performance. Applications and more information regarding the awards are available by clicking here. The deadline for submitting applications is Friday, August 8.
CUNA Mutual Expands Distribution Of 401(k) Retirement Program
CUNA Mutual Group is expanding its nationally recognized and top-ranked 401(k) retirement program beyond credit unions to include select employee groups, business members and other local businesses. The expansion will enable credit unions with a business services strategy to grow and enjoy the other benefits of entering the institutional retirement plan market, said CUNA Mutual President & CEO Jeff Post. Read more. |
| People And Credit Unions In The News
ME/CU Host Annual Charity Golf Tournament |
ME/CU will hosts its annual charity Golf Tournament at the Cimarron National and Aqua Canyon courses in Guthrie on Monday, August 25, 2008 to benefit Oklahoma's kids. For sponsorship information or to register your team, please click here. |
