Rep. Perlmutter announces he will not seek re-election

Source: CUNA News Now

January 11, 2022

Rep. Ed Perlmutter (D-Colo.) speaks at the 2014 CUNA GAC. (CUNA photo)

Rep. Ed Perlmutter (D-Colo.) announced Monday he will not seek re-election in 2022. He has served in Congress since 2007 and worked closely with credit unions on many issues.

“We thank Rep. Perlmutter for being a strong credit union champion throughout his time in Congress,” said CUNA President/CEO Jim Nussle. “His work on behalf of credit unions with members of Congress from both parties has helped credit unions and their members. We wish him and his family the best going forward.”

“Ed has long been a champion of credit unions, not only in Colorado, but nationally as well. Many times, he stood up to protect credit unions’ ability to serve their members, and he has been the leading voice in the fight to allow legal cannabis businesses access to financial services,” said Scott Earl, president/CEO of the Mountain West Credit Union Association. “We have valued our relationship over the years, and on top of it all, he’s a really good guy. We wish Ed well in his retirement.”

Perlmutter introduced the Secure and Fair Enforcement (SAFE) Banking Act, which would allow financial institutions to serve legal cannabis-based businesses. The bill passed the House several times, and CUNA has testified before both House and Senate committees in support of the bill.

Perlmutter also introduced legislation to modernize the member expulsion process in this Congress. He previously introduced bipartisan legislation to allow National Credit Union Share Insurance Fund coverage for trust accounts, which was eventually signed into law in 2014.

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January 25: Collectors Networking Council
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Mountain West Credit Union Association Issues Statement on SAFE Banking Act’s removal from NDAA

On Tuesday, December 7, 2021, the House Rules Committee amended the FY22 National Defense Authorization Act (NDAA) excluding the Secure and Fair Enforcement (SAFE) Banking Act. The SAFE Banking Act would allow the financial services industry to do business with licensed marijuana retailers and require those financial institutions to subject any funds to anti-money laundering requirements.

 

“The Mountain West Credit Association is disappointed that yet again, this legislation, which provides important protections for our credit unions that wish to provide financial services to legal entities in their states, has failed to make it past the Committee,” said Scott Earl, President & CEO. “As financial services providers serving nearly 4 million members in Arizona, Colorado and Wyoming, credit unions play a central role in our communities by fulfilling banking needs that may not be otherwise available.”

 

Currently, however, we cannot serve an industry that generates several billion dollars in sales and tax revenues—the recreational cannabis industry— without substantial risk due to ongoing uncertainty over federal enforcement of the Controlled Substances Act. This has become not only a states’ rights issue, but an important public safety issue. Without access to standard banking services, some of these companies have had to come up with alternative solutions. Many are unable to undertake the most basic functions of successful businesses, such as paying vendors, employees, and taxes, but instead have large amounts of money unsecured, unaccountable and at risk for abuse.

 

The SAFE Banking Act would provide the safe harbor we need as financial services providers to service this growing industry and protect our members and the taxpayers of our states. This is a matter independent of the question of legalization of cannabis and is about ensuring that legal businesses have the basic financial services they need for compliance and accountability.

 

We thank those in our congressional delegation who are championing the effort and urge Congress to pass the SAFE Banking Act in the very near future.

Mountain West Credit Union Association President and CEO Scott Earl Announces Retirement

MWCUA President and CEO, Scott Earl

PHOENIX, Az. & Denver, Co. (November 29, 2021) – Mountain West Credit Union Association (MWCUA) President and CEO Scott Earl is announcing his plan to retire at the end of June 2022. As President and CEO of MWCUA, Earl advocates on behalf of member credit unions, 4.2 million credit union members and $65 billion in assets throughout Arizona, Colorado, and Wyoming.

Earl has served in his current role since the formation of MWCUA in 2011 with the merger of the Arizona Credit Union League, the Credit Union Association of Colorado, and the Credit Union Association of Wyoming. At the time of the merger, Earl was serving as President and CEO of the Arizona Credit Union League, a position he held since 2007.

Spanning nearly 40 years, Earl began his credit union career in 1982 as the marketing director at the Utah Credit Union League. He spent 22 years with that organization, the last 12 years as CEO. He also had the opportunity to run the Credit Unions for Kids Program at Children’s Miracle Network and serve as vice president of league relations and disaster preparedness at the Credit Union National Association.

During his tenure, Earl has led efforts:

  • Championing the use of blockchain technology leading to the creation of CULedger, now Bonifii, which enables trusted digital transactions.
  • Looking for new and innovative ways to serve credit unions in compliance led to a partnership with AffirmX, a top-tier compliance solution. This later led to the purchase of the AffirmX technology with 7 other leagues and service organizations to create CU Risk Intelligence (CURI).
  • Credit Union Vendor Management (CUVM), a CUSO originally owned by 8 Colorado credit unions and MWCUA, was purchased by MWCUA, CU Solutions Group and Leverage and has grown into another effective solution for credit unions.
  • As a member of the first Development Educator (DE) class in 1982, Scott was instrumental in the early years of this program serving as a mentor and member of the core staff. The DE Program is administered through the National Credit Union Foundation.
  • In 1997, Scott spent several weeks in Moldova working with a small international group to draft the country’s first Credit Union Act.
  • During his tenure in Utah, the state became the epicenter of banker attacks. Scott worked closely with outstanding Utah credit union leaders to beat back each attack.
  • Assisting and supporting MWCUA members during the COVID-19 pandemic including spearheading efforts to recognize credit unions on the state level with designations as “essential services,” and actively participating with each state’s leadership’s emergency response. Further supporting members through the creation of a pandemic-specific resource bank on the MWCUA website, and organizing regular town hall meetings with legislators, regulators, economists, and other subject-matter experts to assist credit unions as financial first responders.
  • Redefining and building out a grassroots political advocacy engagement system that continues to grow and be a model for other Leagues.

 

“The Board of Directors expresses its heartfelt gratitude for Scott’s tireless dedication and service, not only to the credit unions in the Mountain West region, but to the entire credit union movement itself,” said Todd Marksberry, Board Chair and President & CEO of Canvas Credit Union (Lone Tree, Colo.). “Scott’s leadership, integrity and heart for our credit unions, our members and our communities has been an inspiration for so many credit union leaders over the years. And his legacy of servant leadership will have a lasting impact on our credit union family for many years to come. We thank Scott and wish him, his wife, Bonny, and their family all the best in his retirement.”

In addition to his work at MWCUA, Scott serves on the Credit Union National Association Board of Directors, treasurer of Credit Union House, the Plexcity Board of Directors, the Bonifii Board of Directors, the League InfoSight Board of Directors, the CU Risk Intelligence Board of Directors, and is a past member of the CUNA Strategic Services (CSS) Board of Directors. He was chairman of the American Association of Credit Union Leagues (AACUL), chaired the Credit Union Legislative Action Council (CULAC), was on the Filene Research Institute’s Board of Directors and served twice as a trustee for Western CUNA Management School.

“I have been tremendously blessed to work in such a meaningful and fulfilling movement throughout my entire career,” Earl said. “I have had many opportunities to work alongside colleagues whose passion and heart have developed credit unions into what they are today, the consumer’s best financial partner. I’m proud of our efforts at the Association, having created a regional system of support and collaboration for our members. I’m certain the work we began with the formation of the Association in 2011 and over the past decade is a solid foundation for an exciting and bright future.”

The Mountain West Credit Union Association Board has named a search committee to determine the path forward for the Association.

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional trade association representing member credit unions, 4.2 million credit union members and $65 billion in assets throughout Arizona, Colorado and Wyoming. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services, and strategic partnerships. Follow us on twitter at twitter.com/mwcua, Facebook at facebook.com/mwcua and Instagram at instagram.com/mwcua. To learn more visit mwcua.com.

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Media Contact: Patti Hazlett, Director of Public Affairs

720.355.2828

 

Branch Managers Network Council to Learn InfoSight Details & Provide Feedback on June 17

On June 17, branch managers are invited to meet for the next Branch Managers Networking Council on the Zoom platform.

We’re excited to annouce that our own Laura McFadden, Director of Association Compliance Services, will give a short presentation and lead an interactive session: InfoSight Overview & Discussion for Branch Managers.

InfoSight is an easy-to-use compliance solution to help credit unions stay compliant in an ever-changing regulatory environment. Learn how you can receive up-to-date compliance information and provide feedback regarding InfoSight features, update rollouts and more.

Fee: $25/ person

Click here to regsiter and learn more.

Mountain West Credit Union Association Releases Annual Report, Announces Board

More than 370 Credit Union Professionals Gather at Annual Meeting & Convention

PHOENIX, Az. & Denver, Co. (May 6, 2021) – The Mountain West Credit Union Association (MWCUA) released its annual report to association members and disclosed financial reporting for the year ending December 31, 2020 at its annual business meeting May 6. The meeting was conducted during the Association’s first-ever hybrid annual meeting and convention happening in-person at the Fairmont Scottsdale Princess in Scottsdale, AZ, and virtually on an interactive online platform. The annual business meeting was live cast to those members participating on the virtual platform.

The hybrid annual meeting and convention includes more than 370 conference attendees representing 55 credit unions from across the Association’s three state region, Arizona, Colorado and Wyoming. The Association holds its annual business meeting as part of the convention. Voting members are updated and receive the Association’s Annual Report, released at the meeting.

“The past year forced us to shift in all sorts of ways,” said Todd Marksberry, the Association’s Board Chair and President and CEO of Canvas Credit Union in Lone Tree, CO. “But because the Association is driven by the same principles as our membership, collectively, we found ways to continue to serve our members while being mindful of safety, as well as fiscal priorities. I’m happy to say I believe that the best is yet to come.”

The Association used the challenge of the past year to clarify its mission and vision to be a leader in engaged advocacy, operational resources, and professional development while protecting, promoting, and perpetuating the credit union movement in the region. The pandemic served as an opportunity to demonstrate value by advocating across multiple platforms on behalf of the tremendous work credit unions do to serve their members, employees, and communities. The hybrid annual meeting and convention is a great example.

“Gathering together for the first time in two years is exciting,” said Scott Earl, President and CEO of MWCUA. “The hybrid approach we took this year allows for both in-person and online collaboration, while demonstrating value to our members as we offer a full program of speakers and sessions to help them better serve their members.”

Association Board Officers Announced

The Association Board also announced it has elected officers for the coming year. Continuing his service as Chairman of the Board is Todd Marksberry, President and CEO of Canvas Credit Union in Lone Tree, CO. Jay Curtis, President and CEO of First Credit Union in Phoenix, AZ, will serve as Vice-Chairman. Greg Mills, President and CEO of Aventa Credit Union in Colorado Springs, CO will serve as Treasurer. Stephanie Teubner, President and CEO of Blue Federal Credit Union in Cheyenne, WY will serve as Secretary.

MWCUA Annual Report 2020

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional trade association representing 119 member credit unions, 4 million credit union members and $58 billion in assets throughout Arizona, Colorado and Wyoming. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services, and strategic partnerships. Follow us on twitter at twitter.com/mwcua, Facebook at facebook.com/mwcua and Instagram at instagram.com/mwcua. To learn more visit mwcua.com.

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Patti Hazlett, CUDE, M.S.
Director of Public Affairs
Phone: 720.355.2828

Weaving unity and trust
www.mwcua.com

 
   

 

 

Mountain West Credit Union Association to Host First Ever Hybrid Annual Meeting & Convention

 

 

 

 

 

Leading the way with dual programs, live cast events, young professionals’ gatherings

PHOENIX, Az. & Denver, Co. (April 29, 2021) – The Mountain West Credit Union Association (MWCUA) will host its first-ever hybrid annual meeting & convention May 3-7, happening in-person at the Fairmont Scottsdale Princess in Scottsdale, AZ, and virtually on an interactive online platform. The event begins with a pre-conference virtual session on Monday, May 3, and concludes with the annual Children’s Miracle Network/Credit Unions for Kids celebration on Friday, May 7.

The dual programmed conference offers separate track speakers and presentations, along with combined live cast events, such as the organization’s Annual Business Meeting set for Thursday, May 6. There are also specific events geared towards fostering collaboration among the organizations’ young professionals’ group.

“We were unable to meet last year due to the onset of the pandemic, so it’s been two years since we’ve had a conference. We are leading the way with a unique approach to this year’s hybrid event, offering flexibility while providing an opportunity to gather together again,” said Scott Earl, President and CEO of MWCUA. “There is a tremendous amount of excitement and enthusiasm around this year’s Annual Meeting & Convention – we are all hopeful for a return to normal, all the while realizing we will not take it for granted again.”

The in-person event will see 150 attendees representing 42 member credit unions. The virtual event will have 110 attendees representing 36 member credit unions. Additionally, onsite will have 86 vendors and the virtual exhibit hall will have 24 vendors.

In-person attendees will enjoy a traditional conference experience, while following health and safety protocols. The in-person conference features the Mountain West Foundation’s annual fundraising golf tournament, the Association Annual Business Meeting, the Association Awards Banquet and a full array of sessions on advocacy, the economy and business environment, technology, risk management, best practices for boards and more. The virtual attendees have a robust calendar of sessions, coffee chats, virtual gatherings, and access to live participation in the Association Business Meeting, a keynote session titled Courageous Cultures, and the closing keynote titled Lead to Win with Superbowl 50 Champion Ryan Harris.

Despite the challenges of planning a hybrid event, the desire to offer education and collaboration options in a setting that is best for the attendee was paramount. Nicole Brusewitz, MWCUA’s Vice President of Education and Events said, “planning an annual meeting and convention in the midst of a pandemic is no easy task as there are so many unknowns. The decision to go hybrid allowed us to provide the maximum flexibility for our members while keeping individual choice and safety top of mind.”

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional trade association representing 119 member credit unions, 4 million credit union members and $58 billion in assets throughout Arizona, Colorado and Wyoming. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services, and strategic partnerships. Follow us on twitter at twitter.com/mwcua, Facebook at facebook.com/mwcua and Instagram at instagram.com/mwcua. To learn more visit mwcua.com.

 

Open Your Eyes to a Credit Union® Lands in Wyoming

FOR IMMEDIATE RELEASE

April 26, 2021
Washington, DC

Credit Union Awareness LLC announced today that the AI driven, category-level brand campaign Open Your Eyes to a Credit Union® has launched in Wyoming. Open Your Eyes to a Credit Union® is a first of its kind digital campaign designed to dispel commonly held myths about credit unions while increasing consumer consideration for credit unions as their best financial partner.

“What better way to celebrate the opportunities that credit unions bring to consumers in Wyoming,” said Chris Lorence, Credit Union Awareness Executive Director. “We are thrilled to bring this credit union driven campaign to Wyoming and are grateful to the Mountain West Credit Union Association for their enormous support for opening consumers eyes to credit unions.”

Open Your Eyes to a Credit Union® has gained over 1,116 supporting organizations and credit unions nationwide in a united 24/7/365 initiative to increase consumer consideration for credit unions through education and brand awareness. The campaign has launched in twenty-six states and is expected to launch in at least 4 other states in the upcoming months.

Mountain West Credit Union Association (MWCUA) President and CEO Scott Earl said: “We are excited to have the Open Your Eyes campaign launch in Wyoming. This campaign is highly targeted and designed specifically to reach new consumers, helping to raise awareness to the many benefits of credit union membership. Additionally, it equips our credit unions with even more tools to promote the movement. It’s exciting to have Wyoming join Arizona in our region, which launched the campaign in late 2019.”

As of April 1, 2021, Open Your Eyes to a Credit Union® had gained over 2.57 billion impressions and earned 959 million video views from start to finish. In addition, it had driven 6 million consumers to the campaign’s consumer-facing website YourMoneyFurther.com to learn about the benefits of joining a credit union.

 

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About CU Awareness LLC:
CU Awareness LLC is a wholly owned subsidiary of Credit Union National Association (CUNA). CU Awareness LLC is responsible for the administration, fundraising, and daily activities of the Open Your Eyes to a Credit Union® campaign. To find your nearest credit union, visit YourMoneyFurther.com.

 

CONTACT:
Lauren Williams
CUNA Communications
202-672-3396

Laramie Plains looks to the future with a new name: StagePoint Federal Credit Union

The new brand reflects the financial institution’s commitment and expertise to shape the future of its members in every stage of life.

LARAMIE, WYO. (April 5, 2021) – Laramie Plains Federal Credit Union, the city’s oldest credit union standing strong since 1935, has announced the launch of its new brand, StagePoint Federal Credit Union. Owned by its members, the name StagePoint recognizes that the credit union’s focus is to provide trusted counsel to help members navigate through the financial decisions they face at every stage of life.

The new name will be implemented across the credit union’s products and services throughout 2021. The website (www.StagePointFCU.com) is live now.

StagePoint’s branch office at 3905 Grand Avenue is in the final stage of construction and will soon open to serve members. The 365 N. Third St. branch will begin an extensive remodel with a projected completion date this July.

“Laramie Plains FCU has served Laramie and the surrounding communities for 86 years,” said Tyler Valentine, President and CEO. “In that time, our member’s financial needs have changed a great deal. The name StagePoint, reflects who we have always been, your local credit union, working for you to ensure you have the resources to achieve your financial dreams. Our team and leadership remain the same, but now our name and our brand will reflect our long-held commitment to our members and our community.”

StagePoint’s new branding embodies a local, strong credit union fully committed to the communities it serves and its thousands of members. The new identity builds upon its history of being a leader in technology and service, while forging a vision for the future.

Valentine said, “At StagePoint, we are working for you.”

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About StagePoint Federal Credit Union

 Since 1935, StagePoint Federal Credit Union (FCU) has continued the tradition of providing affordable financial products with exceptional member service while steadily increasing services and products to meet the ever-changing needs of our members.

StagePoint FCU has expanded membership to meet the needs of the communities we serve in Albany, Carbon, Converse, Laramie, Natrona, Platte and Sweetwater Counties in Wyoming and Jackson, Larimer, Routt and Weld Counties in Colorado. For more information or to become a member, visit www.StagePointFCU.com.

 

Media Contacts:

Denise Deem, denise@lpcfcu.com

Tyler Valentine, tyler@lpcfcu.com