Positive news about Indiana CUs


In This Issue
July 6, 2015
In the Media
June 19 - July 6, 2015

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 union's 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.
WANE - 7/2/2015
The CBS TV station in Fort Wayne carried this nationally focused story from MoneyTalks News reporter Stacey Johnson. 
Inside Indiana Business - 7/2/2015
Ben Dexter has been promoted.
News Now - 7/1/2015
Information about the League's recent Hill visit is the subject of this story. A group photo with Sen. Donnelly is also included.
WTHR - 7/1/2015
The students and educators who received grants from FORUM Credit Union Foundation are noted. They were recognized at the inaugural Foundation Summer Reception. 
Credit Union Times - by Peter Strozniak 7/1/2015
Heritage FCU's Brett Slayden is mentioned in this column.
Goshen News - by John Kline 6/29/2015
The story summarizes business conducted at a recent meeting which included approving the nomination of Dallas Bergl, president of INOVA FCU, to the recently convened Regional Development Authority with St. Joseph and Marshall counties.
Pal-Item - by Rachel E. Sheeley 6/27/2015
Natco CU and its fundraising for Wayne County Relay for Life and for Riley Hospital is featured. Several staff members' names are mentioned. 
South Bend Tribune - 6/26/2015
The credit union's John Wilkening comments about new branch hours. 
Valpolife.com - by Steven Neville 6/25/2015
This story outlines how the credit union is helping members avoid fraudsters. REGIONAL FCU's Clint Turpen comments and shares the address for the credit union's fraud prevention site: fraudpreventionunit.org
The Brazil Times - Ivy Jacobs photo 6/24/2015
Western Indiana CU held an open house and ribbon cutting. 
WTTV CBS4 - 6/24/2015
FORUM CU's Andy Mattingly appears on theIndianapolis CBS station's "4 Your Money" segment.
Times-Mail - by Carol Johnson 6/24/2015
Hoosier Hills CU's Chelsey Banks, the credit union's team captain, comments in this story. (Password/subscription required)
National and Wide-Reaching Coverage
Source: Credit Union National Association and other national sources. Some stories may require passwords for access.
Wall Street Journal - by James Sterngold 6/23/2015

Partnering with a Lending Club can be an attractive concept for community banks since they can leverage the Lending Club's relationships to broaden its reach when it comes to pitching consumer loans. While more than 200 community banks have partnered with Lending Clubs, there are risks associated. According to Mike Schenk, vice president of economics and statistics at the Credit Union National Association, "Cooperation is good but it depends on who you cooperate with," indicating that such pairing it isn't a magic bullet. (Password/subscription required)

National Mortgage Professional Magazine - by Phil Hall 6/22/2015

TRID has proven to be problematic, and the latest issue with the rule has been found by CUNA. "At its core, this is an issue of transparency," said Jim Nussle, president and CEO of CUNA. "The CFPB made a change to the Small Entity Compliance Guide that will affect over 700 credit unions and numerous other financial institutions but did not highlight, publicize, or explain this change. Although listed as a 'miscellaneous administrative change' by the Bureau, the new rule is a substantial change that may deal a striking blow to anyone making five or fewer mortgages in a calendar year. CUNA urges the CFPB to address our concerns and confirm that creditors making five or fewer mortgages per year, as outlined in the rule's supplementary information and the September 2014 Small Entity Compliance Guide, are exempt from the TILA-RESPA rule." 

Housingwire - 6/19/2015

CUNA uncovered a discrepancy in CFPB's TILA-RESPA Small Entity Compliance Guide on compliance for credit unions that make five or fewer mortgages in a calendar year. "The CFPB made a change to the Small Entity Compliance Guide that will affect over 700 credit unions and numerous other financial institutions but did not highlight, publicize, or explain this change" explains CUNA president/CEO Jim Nussle.

Deadline extended -- enter for statewide Dora/Louise/Desjardins Awards by July 17 
The deadline for the statewide portion of the Dora Maxwell Award, Louise Herring Award and Alphonse Desjardins Awards has been extended to July 17. Links to the entry forms for each of the awards are available on the League's website. Contact the League's Communications Department if you have questions.