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League News
It's Time To Purchase Ad Space For The 2009 Directory and 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!
Save-The-Date For Fall Leadership 08'
Your League's Fall Leadership is set for September 17-19, to be held at The Lodge of Four Seasons at the Lake of the Ozarks in Mo. Watch for your information and registration in the mail soon, but mark it on your calendars today!
OCUPAC Open Set For October 2
The Oklahoma Credit Union Political Action Committee invites you to take part in the 2008 OCUPAC Open - set for Thursday, Oct. 2, 2008 at the Rose Creek Golf Course in Edmond. Your credit union or organization can show its support to the advocacy role of the League when you sign up for one of the various sponsorships. Please click here to view the registration/sponsorship information. Or, contact Nikkie Boyd at 918.496.4688, ext. 211 for more information. |
| What's Happening With Your Council
Register Now For The Upcoming Lending Council Meeting |
The next meeting of the Lending Council will be Tuesday, July 8 from 10 a.m. to 1 p.m. at the Stroud Conference Center. The meeting will feature a Mortgage Lending Panel with topics including selling versus servicing and other issues. Registration can be made online at www.okleague.coop or by fax to 918.496.4689. This meeting is free to Lending Council members and non-members are encouraged to attend for the $16 non-member fee. If you have questions, please contact Dana Kroutil at 800.375.6285, ext. 240.
Small Credit Union Group To Meet July 10
Tools and resources to aid small credit unions with compliance of the FACT Act Red Flag guidelines will be discussed at the Small Credit Union Group meeting, set for Thursday, July 10. This meeting will be held from 1 p.m. to 4 p.m. at Oklahoma RE&T Employees Credit Union, which is located at 2325 E. I-44 Service Road in Oklahoma City. Attendees will be provided with examples of a Red Flag policy, sample risk assessment and vendor letter. If you have any questions, contact Phyllis Kunze at East Central Credit Union by calling 580.332.6306.
Please Note: November 1 is the mandatory compliance date for this regulation, which requires a Red Flags risk assessment, relevant policy and procedures, and regular reports to the Board of Directors.
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.
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Michael V's Set As New Location For July 15 Green Country Chapter Meeting
The Green Country Chapter is excited to announce Michael V's as the new location for the July 15 chapter meeting. Michael V's is located at 82222 E 103rd in Suite 137, which is just off 103rd and Memorial Road. The evening is set to begin at 6 p.m. with dinner scheduled for 6:30 p.m. The topic for the evening will be Internal Fraud as presented by Agent Stan Swagerty of the Federal Bureau of Investigation. Advance registration is $21 per registrant, if you register by July 11, 2008. Registration after July 11 or at the door is $24 per registrant. Please note that attendees from non-dues paying organizations will be charged an extra $5 per plate reserved. Please email your reservation to Cassie Smith at csmith@redcrown.org or register by calling 918.477.3271. Click here for the flyer.
An RSVP is a financial commitment. Those who RSVP and do not attend or cancel less than 72 hours prior to the meeting will be billed. Thank you for your understanding!
Green Country Chapter Announces Scholarship Winners
The Green Country Scholarship Committee recently awarded two students in Green Country a total of $2,000 in scholarships. University of Oklahoma student Michael Cromwell, member of TTCU, received the first place scholarship worth $1,500. Second Place in the amount of $500 was awarded to Rogers State Student Lisbeth Hartwell, member of Tulsa Federal Employees Credit Union.
To enter, students wrote an essay about "How they would educate their peers and/or community about Identity Theft and Financial Fraud." A total of 23 entries were received by the committee.
Congratulations to the winners! |
| Compliance Update
FFIEC Business Continuity Booklet Available |
| The Federal Financial Institutions Examination Council recently issued updated guidance for examiners, financial institutions, and technology service providers to identify business continuity risks and evaluate controls and risk management practices for effective business continuity planning. Electronic versions of the Business Continuity Planning Booklet, as well as the other Information Technology Examination Handbook booklets, are available at http://www.ffiec.gov/ffiecinfobase/html_pages/it_01.html.
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| News From CUNA Mutual Group
Regulatory Changes Add To Tough Lending Landscape |
Credit unions can continue to expect regulatory changes while in the throes of a difficult lending environment and though some changes may have a profound impact on their business, others present opportunities, attendees of CUNA Mutual Group's Discovery Conference were told recently.
"The lending environment is difficult now and part of that is increased regulatory scrutiny, but there are some positives," said Bill Klewin, associate general counsel, CUNA Mutual. "First, with 11 percent capital, credit unions have money to spend. It's an excellent time to invest in technology to take apps, close loans and embrace electronic signatures to meet the needs of your next generation of lenders."
Klewin provided an update of the looming regulatory issues vitally important to credit union lending, which included Truth in Lending, RESPA, and the Unfair Deceptive Acts and Practices Rule.
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| News From Southwest Corporate FCU
Southwest Corporate Fills Need For Student Loans With CU Student H.E.L.P |
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Turbulence in the capital markets has prompted many lenders to downgrade participation in, or completely pull out of, the student loan business, leaving college students fewer options for financing their educations this fall. With tuition costs rising about 7.5 percent annually, students-and their parents-will be scrambling to replace lost sources of funding.
Southwest Corporate Federal Credit Union is now offering member credit unions CU Student H.E.L.P., a private student loan program designed to help credit union members offset skyrocketing college tuition and expenses.
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| People And Credit Unions In The News
Miracle Car Show A Success For Tinker Federal Credit Union |
 Car buffs and supporters of Children's Miracle Network came out in support of the 8th annual Tinker Federal Credit Union's Miracle Car Show, held on April 25, 2008. With a total of 135 entries, the car show raised just over $9,600 to help Oklahoma's kids.
On behalf of Tinker FCU staff, we would like to thank everyone who helped raise these funds for the Children's Miracle Network. To view pictures from this event, click here.
Enterprise Car Sales Announce CMN/Credit Union Promotion
Enterprise Car Sales has announced a special Children's Miracle Network/Credit Union promotion for the months of July, August and September. Enterprise will donate $50 to CMN for every car sold through a credit union during the months listed above. | |
