In This Issue
MAY 5, 2014 
In the Media
stories collected between April 23 - May 4, 2014
This collection of positive news about credit unions and their activities is assembled from a variety of sources on the Internet and from credit union submissions. Note: links used here are external and the League does not control their expiration dates.
 
To share news from your Indiana credit union: send story links to Kay Neidlinger. You can also read more about credit unions' community service efforts--and contribute information at the  Commitment to Change website.
Indiana Credit Unions in the Media
Source: Credit union submissions and Internet news reports. Some stories may require passwords for access.
Greater Fort Wayne Business Weekly - by Senator Dan Coats 5/1/14
Senator Dan Coats authored an opinion column about the Community Financial Protection Act he recently introduced in Congress which would, in his words, "provide Hoosier community banks and credit unions with some of the regulatory relief they need."

League President John McKenzie and VP Governmental Affairs Chris Beaumont sent an email on April 10 informing credit unions about the bill and sharing a copy of Sen Coats' news release. (League password required to access April 10 email).
Inside Indiana Business - 5/2/14
Purdue Federal Credit Union is tops among medium-sized companies and Chief Executive Officer Bob Falk says the honor can be used as a recruiting tool. (Audio is :34 long. Windows Media Player required).
Evansville Courier & Press - by Carol Wersich 5/2/14
A newly built Evansville Teachers Federal Credit Union (ETFCU) branch office is opening in Northfield Commercial Subdivision at Darmstadt, Ind.
Four credit unions were honored by the Indiana Chamber. All of them ranked in the top ten in their categories.
WXIN FOX 59 - 5/1/14
FORUM CU's Andy Mattingly appears on Fox 59's "Money Matters."
Herald-Times -  4/30/14
IU Credit Union received First Place in the category Best Bank/Credit Union. (Page 8 of link)
Inside Indiana Business - 4/29/14
Alan Degner, Centra Credit Union's Chairman of the Board, and Douglas Harris, Centra President, addressed a crowd of more than 125 at Centra's recent annual meeting, reporting solid growth for the Credit Union during 2013.
valpolife.com - 4/24/14
REGIONAL FCU offered trophies and gift cards to winners of the spelling bee.
KPC News - 4/23/14
Todd Miller, branch manager at Beacon CU, presented a check to Garrett-Keyser-Butler School Superintendent Dennis Stockdale for the Top Ten Banquet that recognizes the top 10 Garrett High School seniors. (Password/subscription required)
HI-99 - 99.9 FM
AdvantagePlus of Indiana FCU is partnering with radio station HI-99.
National and Wide-Reaching Coverage
Source: Credit Union National Association and other national sources. Some stories may require passwords for access.
The Motley Fool - by Matthew Frankel  5/4/14
...your local credit union could be the way to go. According to a report by WalletHub, there are several good reasons to keep your money local, and some of these might be more compelling than the nationwide access offered by the large institutions.
Wallet Hub - by Sonia Garrison   
Credit unions are 72% cheaper than national banks, offer 105% more features and provide 562% higher interest rates.
American Banker - by Rachel Witkowski  5/1/14
"In more cases than not, credit unions are not really making money on these," said Mary Dunn, the deputy general counsel of the Credit Union National Association. Still, Dunn is hoping that some of the industry pullback on deposit-advance products will ease once the CFPB issues rules for the entire sector. "Even among credit unions, there may be some uncertainty as to what the CFPB is planning in the payday regulatory space," Dunn said. "That is why some credit unions and banks won't initiate or expand if in this space if they don't know what's going to happen" so "everybody may be keeping their powder dry." (Password/subscription required)

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