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Special Message From The League
Webinar Reviews Corporate Stabilization Program
As most of you know by now, the world-wide economic crisis has come home to roost in the U.S. credit union world. Since the Jan. 28 NCUA announcement, we have been learning about the stabilization plans being worked out for the Corporate CU system by NCUA. In a highly over-simplified portrayal, the accounting profession is trying to establish the eventual value of mortgage-backed securities owned by US Central and several other large Corporate CUs in order to 'close the books' appropriately on 2008. Having done that for US Central, NCUA has determined that it needs to provide USC a capital infusion of $1 billion and guaranty the deposits of the entire Corporate CU system.
To that end, your League would like to invite all affiliated credit unions to register on-line for the 2 p.m. ET (1 PM CENTRAL), Wednesday, Feb. 4, Webinar Dan Mica is hosting on the NCUA "Corporate Stabilization Program." This 90-minute event will feature CUNA and CU experts on regulation, law, accounting and other areas. This event will include an overview of NCUA's program, CUNA's view of its impact on credit unions - and our ideas for mitigating the costs on credit unions. To register for the Webinar, click here:
Please Note: This webinar will also be archived for use by those who cannot make the Feb. 4 date and time. The webinar will also be shown at the Stroud Conference Center for those attending the Compliance Council meeting and anyone else in the neighborhood!
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Council Update
2009 State Credit Union Marketing Conference
Secrets from Inside the Huddle
In today's uncertain financial environment, successful public relations require the ability to build on your brand while steering the masses to think of you in a positive light. If your marketing department is interested in learning winning secrets in public relations, register now for the 2009 State Credit Union Marketing Conference. Attendees will learn insider secrets of public relations from top marketing coach Terry Young, marketing and communications director of Southwest Corporate Federal Credit Union.
In his session, Terry will coach attendees through an easy-to-understand process, with real life examples, of how to bring shockingly effective public relations alive.
To register for the 2009 Marketing Conference, click here.
REGISTRATION DEADLINE: FEBRUARY 13, 2009League Affiliate Registration:
$160, if postmarked before Feb. 3, 2009
$185, if postmarked after Feb. 3, 2009
Non-Member Registration:
$180, if postmarked before Feb. 3, 2009
$205, if postmarked before Feb. 3, 2009 |
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CFO Council to Host February 11 Meeting
The CFO Council is providing guidance on the 2009 Regulatory and Examination Update as well as the Accounting and Auditing Update at their Feb. 11, 2009 meeting. The meeting will conclude with attendees participating in the "Impaired Loans and the Allowance for Loan Losses Webcast at 2:00 p.m.
This meeting will take place at Tulsa Teachers Credit Union in the Temple Room, which is located at 3720 E. 31st Street in Tulsa, Okla. For more details or to register, click here.
Lending Council Sets Feb 10 Meeting Date
The first meeting of 2009 for the Lending Council will be from 10 a.m. to 4 p.m. on Tuesday, Feb. 10, 2009, at the Stroud Conference Center.
Topics for the meeting will be "Dealing with the Current Economic Times and Lending Environment." Participants will discuss strategies that are working for their credit unions and best practices. In the afternoon, the group will participate in a Webcast on "Understanding Cash Flow on the Tax Returns of Self-Employed Borrowers." Please note there will be plenty time for roundtable discussion and networking. Lunch will be provided.
Registration for this meeting can be made on the OCUL Web site at www.okleague.coop or by fax to Attn: Council Administration at 918.496.4689 by February 6, 2009. 2009 Lending Council membership dues are $50, which cover all regular meetings of the Lending Council during 2009. Non-members may attend for a $16 fee. Contact Dana Kroutil at extension 240 or via dkroutil@okleague.coop with questions. |
Governmental Affairs
Countdown Continues to CUNA GAC
The greater the number of attendees, the bigger the impact you can make on the Hill. And this year's conference promises to be extra special, as we celebrate 100 years of America's Credit Unions and the 75th anniversary of the Federal Credit Union Act. You have 18 days left to secure a spot at the CUNA GAC and make your voice heard. Click here to register. |
Legislative Briefing and Congressional Reception The Oklahoma Credit Union League Legislative Briefing and Congressional Reception will be held at 5:30 p.m., Tuesday, February 24 at Credit Union House near Capitol Hill. We will hold the briefing immediately followed by the Congressional Reception on the Third Floor which offers a view of the Capitol. If you have questions or suggestions, please call DJ Morrow Ingram at 918.496.4688/800.375.6285, ext. 214 or via email at djmorrow@okleague.coop.
State Governmental Affairs Conference
Save-the-Date: March 9-10, 2009
The fabulous Oklahoma History Center will be the site for this year's Oklahoma Credit Union League Governmental Affairs Conference and Legislative Reception. Please plan to attend the Monday, March 9 reception beginning at 5:30 p.m. in the Devon Great Hall. An issues briefing will precede the reception at 4:30 p.m. On Tuesday, the GAC begins at the Oklahoma History Center with the OCUPAC Annual Meeting. Call D.J. Morrow Ingram for more information at 918-496-4688/800-375-6285, ext. 214 or via email at djmorrow@okleague.coop. |
| Education and Training
Training Opportunities for Volunteers |
| To keep up with the rapidly changing financial environment, more and more credit unions are requiring continuing education for their volunteers. In fact, CUNA and the League can be your solution to find learning opportunities for both new and experienced volunteers.
In order to expand CUNA's Training on Demand courses, the current Volunteer Achievement Program and the Volunteer Leadership Program will be discontinued. Volunteers may take tests on completed VLP coursed until Dec. 31, 2009.
New self-study courses added to the VAP include everything from Supervisory Committee's Role in Due Diligence to Bank Secrecy Act for Volunteers. New Training on Demand titles include Volunteer Self-Evaluations, Communication Strategies for High Performing Volunteers and The Volunteer's Role in Managing Third Party Relationships.
Credit union volunteers will also benefit from attending the following events:
- Credit Union Finance for Non-Financial Managers and Volunteers School, April 26-29, Florida
- 75th OCUL Annual meeting, May 5-8, Oklahoma City
- OCUL Fall Leadership Conference, Sept. 22-25, Missouri
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Compliance News You Can Use
Compliance Challenge: The Rules on e-Statements
Everyone is looking for cost savings in this tough economy and fictitious ABC CU is no different. An astute staff member suggests: Let's just expedite our members' transition from paper statements to electronic ones. |
Can ABC CU simply convert members still receiving paper statements to e-statements? What if the credit union offers the option to opt-out at any time?
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Careers In The CU Industry
OCUL Seeks VP, Compliance & Governmental Affairs |
The Oklahoma Credit Union League currently has a position available for a Vice-President, Compliance & Governmental Affairs. This position will oversee all of the OCUL's dues-supported regulatory and compliance initiatives and services, and is responsible for the preparation and management of the budget for this division of Advocacy. Responsibilities also include regulatory advocacy before federal and state regulators, and functions as the lead legislative counsel/analyst during Oklahoma state legislative sessions. For more information about this posting and other career openings, click here. |
| League News |
OCUL Dues Coming In
OCUL thanks these credit unions for being the first to return their dues investments to the League:
Affiliated CUs
Ada Federal Employees FCU, Allegiance CU, Bison FCU, Central Oklahoma FCU, Cherokee Strip CU, Comanche County FCU, Communication FCU, Covenant FCU, Credit Union One of Oklahoma, Department of Public Safety FCU, El Reno R.I.L. CU, El Reno Reformatory FCU, FAA CU, First Family FCU, Fort Sill FCU, Fraternal Order of Police CU, Friends FCU, Group Service Employees FCU, Halliburton Employees FCU, Hillcrest FCU, McAlester AAP FCU, ME/CU, Midwest City CU, Morning Star FCU, Muskogee FCU, My Choice FCU, NEO FCU, OKC Thrift FCU, Oklahoma Central CU, Oklahoma Educators CU, Oklahoma Federal CU, Oklahoma RE&T Employees CU, OU FCU, Red Crown FCU, Red River FCU, Space Age Tulsa FCU, SSMOK Employees FCU, Teachers CU, Tinker FCU, Tri-County FCU, TTCU, University & Community FCU, WEOKIE CU, Western Sun FCU and Woods CU.
Foundation Contributors
Cherokee Strip CU, El Reno R.I.L. CU, Fort Sill FCU, Halliburton Employees FCU, ME/CU, Oklahoma Central CU, Oklahoma Federal CU, Oklahoma RE&T Employees CU, Red River FCU, SSMOK Employees FCU, Teachers CU, University & Community FCU, WEOKIE CU and Western Sun FCU.
Task Force Contributors
Cherokee Strip CU, El Reno R.I.L. CU, El Reno Reformatory FCU, Group Service Employees FCU, Halliburton Employees FCU, Muskogee FCU, NEO FCU, Oklahoma Central CU, Oklahoma RE&T Employees CU, SSMOK Employees FCU and Tinker FCU. | |
