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
Save-The-Date For Upcoming Lending Council Meeting |
The next meeting of the Lending Council will be Tuesday, July 8, at the Stroud Conference Center. Watch for more details and registration information coming soon!
Small Credit Union Group To Meet July 10
The next meeting of the Small Credit Union Group will be at Oklahoma RE&T Employees Credit Union on Thursday, July 10 from 1 p.m. to 4 p.m. Oklahoma RE&T Employees Credit Union is located at 2325 E. I-44 Service Road in Oklahoma City. If you have questions, contact Phyllis Kunze at East Central Credit Union by calling 580.332.6306.
Mark Your Calendars For The Next CFO Council Meeting
The CFO Council will meet at the Stroud Conference Center on Wednesday, July 23. Speakers for this meeting will be from FHLB and Baker Investments. Registration information for this meeting will be in the mail and posted on the OCUL Website in the near future.
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Chapter News
Boomer Sooner Chapter To Host Golf Tournament On July 14 |
The Boomer Sooner Chapter is currently seeking goodie bag items and door prize give-a-ways for the July 14 golf tournament, to be held at the Lincoln Park and Golf Complex. To sign up as a sponsor or to register your team for a round of golf, click here. |
| Marketing Update
Save $100 When You Register Before June 30 |
| Don't miss your opportunity to save $100 on this year's National Youth Involvement Board Conference, July 28-31 in Las Vegas. Just a week remains until the Early Bird Registration deadline on June 30. Take advantage of this special rate and save $100 off the regular registration fee. Register today at www.nyib.org/conference.php. |
| Education And Training
Entertaining Economist Slated For Southwest Corporate's Economic Forum |
What happens to the U.S. economy following the November 2008 presidential election? Economic issues have taken center stage in the presidential race, with Americans staggered by gasoline prices exceeding $4 per gallon. Barack Obama is campaigning under the slogan, "Blueprint for Change," and John McCain recently had this to say, "No matter which of us wins in November, there will be change in Washington. The question is what kind of change?"
Economic consultant Jeff Thredgold will pose answers to that question at Southwest Corporate Federal Credit Union's 2008 Economic Forum set for Oct. 28-29 at the freshly remodeled Westin Galleria in Dallas.
It Is Time To Register For The 2008 CUNA Economics And Investments Conference
Steeply rising energy prices, a weakening job market and declining consumer confidence.... How will the US Economy respond?
You can learn more about the forces that are currently shaping the economy and gain practical ideas for managing your credit union's investments by attending CUNA's Economics and Investments Conference, set for August 3 - 6 in Chicago.
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| News From CUNA Mutual Group
Deadline Looms For Implementing New ID Theft 'Red Flag' Rules |
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It is a known fact that identity theft results in billions of dollars in losses each year to individuals and businesses. But the question still lingers, has your credit union implemented the new identity theft "red flag" rules to help protect your credit union and your members against identity theft?
As the 2008 Discovery Conference attendees were reminded last Thursday, your credit union has until Nov. 1, 2008 to implement the new rules as required by the Federal Trade Commission and other federal financial institution regulatory agencies, and to develop prevention measures based on your credit union's own ID theft situation. For more regulations and prevention tips provided by CUNA Mutual Group, click here. |
| News From Southwest Corporate FCU
Economic Headwinds Call For Investment Diversification |
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Consumers are curbing discretionary spending in the face of skyrocketing gas prices, a housing slump and a recent spike in unemployment. Reduced purchasing translates into a reduced number of credit union member loans. With credit unions leaning into what Federal Reserve Chairman Ben Bernanke labeled "headwinds that still face the economy," finding wise investments for surplus liquidity is a challenge.
Earlier this year CUNA estimated lending growth at 1.8 percent and share growth at 4.8 percent, leaving credit unions with high levels of funds to invest in a low-interest-rate environment with rapidly fluctuating spreads. This combination of factors has led credit unions to move their portfolios to the shortest duration thus far this decade.
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