MWCUA Announces DC From Your Desk – A virtual legislative series

The Mountain West Credit Union Association has announced its fall “Hike the Hill” series, called “DC From Your Desk.” The series includes virtual meetings with legislators, regulatory agencies and other opportunities as they arise throughout September and October. The ability to pivot has become the norm during the past several months. Because of this, MWCUA’s annual “in-person” fall “Hike the Hill” has been retooled into a virtual format.

The fall hikes are the trips where the MWCUA Government Affairs team typically takes smaller groups of CEOs, executives and young professionals to DC to keep the credit union message front and center while mixing in meetings with regulatory agencies and other opportunities to take a deep dive into the workings of our Nation’s Capitol.

“These uniquely challenging times presents an opportunity for credit union professionals who’ve always wanted to advocate to do so without leaving home,” said Tim Dore, SVP Government Affairs for MWCUA. “Because of COVID, people can participate without traveling, so we’re able to connect legislators with more advocates from our region, giving us a strong voice to deliver the credit union message.”

The series includes upcoming sessions with Colorado Representative Jason Crow (D), and Wyoming Senatorial candidate (and former State Representative) Cynthia Lummis (R), with more in the works.

 

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 123 member credit unions, 3.8 million credit union members and $51 billion in assets throughout Arizona, Colorado and Wyoming. Not-for-profit in nature, credit unions provide low-cost financial services to their members. 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. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU) and CUNA Mutual Group. Follow us on twitter at twitter.com/mwcua or on Facebook at facebook.com/mwcua. To learn more visit mwcua.com.

 

MWCUA Member CUs among “Best Credit Unions to Work For”

This week, Credit Union Journal published its annual list of the “Best Credit Unions To Work For.” Fifty institutions across the country were named to the list, including several MWCUA member credit unions.

According to CU Journal, executives at these institutions were able to distinguish their credit unions by ramping up benefits and support as the coronavirus wreaked havoc on the workplace and economy. These steps included developing ways for employees to still socialize with each other despite working remotely, paying staff for a full-time schedule even if their hours were cut, and reimbursing cell phone and internet expenses for those working from home.

Congratulations to the following credit unions.

Colorado Credit Union

Littleton, Colo.
Overall rank: 5
Asset category rank: 3
President and CEO: Michael Williams

• The credit union offers a tuition-reimbursement program of up to $3,000 for any class related to an employee’s job or career path.
• The credit union offers up to a 4% match for employee contributions to its 401(k) plan and provides profit sharing each year.
• To promote wellness during the pandemic, the credit union subscribed to a program called Wellbeats that offers virtual gym classes and recipes for employees.

Notre Dame Federal Credit Union (Associate Member)

Notre Dame, Ind.
Overall rank: 9
Asset category rank: 1
CEO: Thomas Gryp

• The credit union hosts a President’s Dinner once a year for employees who earn a rating of at least a four on a five-point scale for their annual performance review. They can bring a guest to the celebration for gifts, cocktails, dinner and socializing.
• The institution pays for each employee to complete a financial wellness course.
• Notre Dame FCU cover 100% of the costs for a 52-week online weight loss program.

Landings Credit Union

Tempe, Ariz.
Overall rank: 24
Asset category rank: 3
CEO: Brian Lee

• Landings covers deductibles so employees have no out of pocket healthcare costs.
• Employees enjoy “credit union Olympic” games and Connect 4 tournaments.
• The institution hosts fun holiday activities, including cookie and gift exchanges and an ugly sweater competition.

Denver Community Credit Union

Denver
Overall rank: 29
Asset category rank: 9
Co-CEOs: Tessa Bonfante and Shane Silvernale

• Employees enjoy free ice cream on Thursdays during the summer months.
• The credit union covers 55% of employees’ annual Sam’s Club membership fee.
• To help relief stress related to COVID-19, managers coordinated a series of fun activities via the credit union’s intranet portal, including themed days and a video joke series.

Rocky Mountain Law Enforcement Federal Credit Union

Denver
Overall rank: 31
Asset category rank: 10
President and CEO: Christine Wiley

• Employees receive letters from the board along with a gift card to recognize their customer service and excellent job performance.
• The institution matches up to 4% of an employee’s contribution to a retirement plan. It also provides 4% of the worker’s annual compensation through a profit-sharing plan.
• To help advance staff members’ careers, the credit union offers monthly online classes, job shadowing, group training sessions and individual coaching.

 

 

Don’t Miss the Next Virtual Marketers Networking Council

Calling all marketers, business developers and community development professionals! Plan to join your peers for the last Marketers Networking Council of 2020, taking place on October 1, 2020.

We’ll be meeting on the Zoom platform once again, and we’d like to see as many of you as possible to end the year on a high note. Stay tuned for the topic we’ll be offering and the guest speaker presenting.

Click here to register.

Small Credit Union Education Series

We are excited to announce an incredible opportunity for you. As a small credit union leader, you and your Board members are invited to an informative and valuable conference series. We know times are tough right now so we’re offering this incredible content at no cost.

We’ve gathered several experts to discuss important topics that are key to your success. Since we can’t meet in person, we’re delivering them to you virtually over a series of 5 weeks. Take a look at the schedule:

CU Staff Series:

  • September 10th, 4:00 CO/WY and 3:00 AZ – Cyber Security
    Johnny Davis (NCUA) discusses current threats to your data and what to prepare for your upcoming examination.

  • September 24th, 4:00 CO/WY and 3:00 AZ – Preparing for your Exam AND How to talk to your examiner
    Julie Kappenman (MWCUA) & Wayne Watters (Waypoint) provide tips and discuss what you need to know before your next exam as well as effective methods of communicating with your examiner.

  • October 8th, 4:00 CO/WY and 3:00 AZ – The Powerful Tool of the AIRES Download
    Wayne Watters (Waypoint) overviews this powerful tool designed to make exams smoother and more effective.

  • October 15th, 4:00 CO/WY and 3:00 AZ – BSA Training
    BSA examiners are digging deeper and asking more questions. Laura McFadden (MWCUA) helps you ensure the annual mandatory BSA training is done while explaining that the BSA requirements can easily tie into your sales and service initiative.

  • October 29th, 4:00 CO/WY and 3:00 AZ – IT Panel Discussion 
    What are your peers doing to stay innovative while making an impact with technology? This not-to-miss panel features:

REGISTER FOR CU STAFF SERIES

CU Board/Volunteer Series:

  • September 24th, 6:30 CO/WY and 5:30 AZ – Financial Education 
    Great for new and experienced board members, Julie Kappenman (MWCUA) overviews key financial information volunteers must know.

  • October 8th, 6:30 CO/WY and 5:30 AZ – BSA Training for Volunteers
    Board members are responsible for BSA too and Julie Kappenman (MWCUA) breaks down what they need to know.

REGISTER FOR CU BOARD/VOLUNTEER SERIES

Each session is scheduled to last 90 minutes and we’ve built in some time for discussion and networking. This is a conference you won’t want to miss. Click here now to register for this incredible FREE conference.

Thank you and we look forward to seeing you in September! 

Haxtun Community Federal Credit Union leads Rise Up effort to help local businesses

Credit unions are founded on a simple, but important principle, People Helping People. Never has this been truer than the past several months during the pandemic and all the chaos it has caused.

In our community, the team at Haxtun Community Federal Credit Union put many measures in place to continue to safely serve members as the pandemic shifted operations and access. But they also wanted to go beyond the traditional ways of helping members and the community and came up with a unique virtual challenge to spark fundraising along with health and wellness. Drawn from HCFCU employee Stephanie Harms’ experience as a mountain climber and fitness trainer, the “Rise Up Challenge” was created.

The challenge was a multi-pronged event designed to engage the community, raise money to help impacted local businesses and encourage physical activity. The challenge allowed participants to be as involved as they wanted – from simply purchasing an event t-shirt to logging steps/miles to complete virtual 14ers – all to raise awareness and support the local community. All proceeds were used to purchase gift cards from businesses impacted by the COVID-19 shutdown and then used as prizes in the Rise Up 14er Challenge.

Prizes were awarded in two different categories: miles bikes and miles walked/ran. Each category allotted prizes in five different age groups.

HCFCU CEO Kristin Hadeen said, “We felt like Rise Up was appropriate due to the current situation and our desire to promote mental and physical health.” She added, “we wanted to do something that would have an immediate impact to help businesses affected by the pandemic and the community stepped up in a big way.”

The challenge raised $1041 and the Mountain West Credit Union Foundation matched that amount, bringing the total to $2082. Another $391 of other local donations brought the grand total to almost $2500, all funneled back into local business.

The credit union also received a grant from the National Credit Union Administration to help impacted businesses and the credit union’s membership in the sum of $10,000.00.  They used it to provide utilities and offset COVID-related expenses for impacted businesses in Haxtun.

“At a time when everyone was so greatly affected by this pandemic, we are so proud that we were able to provide a small amount of positivity and economic relief in our community,” Hadeen said.

 

Perlmutter introduces H.R. 7963, the Credit Union Governance Modernization Act

U.S. Rep. Ed Perlmutter introduced a bill to make it easier for a credit union to expel a member for fraud, loss or other illegal and disruptive behavior.

“This bipartisan legislation will improve the federal credit union charter and make credit unions safer for both employees and members,” said Perlmutter, who joined U.S. Rep. Tom Emmer, R-Minn., in announcing the bill. “If a member is engaged in fraudulent, abusive or dangerous activity, it puts employees and other members at risk. This will ensure credit unions have a more streamlined process for expelling bad actors and protecting their membership and staff.”

MWCUA sent Rep. Permlutter a letter thanking him for his steadfast commitment to credit unions.

Foundation Star Gala Announcement

Throughout the past several months, the Mountain West Credit Union Foundation has closely monitored the coronavirus (COVID-19) pandemic, and the guidance provided by health officials, including the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO).

Following careful consideration and discussions with the Board, we have made the difficult, but necessary, decision to cancel the in-person Star Gala, scheduled for October 23 in Phoenix. The Foundation Awards will be postponed until 2021.

As you know, the event is one of our largest fundraisers of the year, and its cancellation will cause a large deficit to the Foundation’s budget. To that end, we are reaching out to you, our generous supporters, with a proposal for consideration. In lieu of sponsorships and ticket sales, we are thoughtfully asking credit unions to consider making a donation to the Foundation in the amount you would have budgeted for Gala. Please let me know if your credit union will be making a donation. We will be exploring appropriate ways to recognize our generous donors and will communicate that soon.

In terms of dispersing the funds raised, our plan is to carefully evaluate local needs in our three states to determine the most impactful ways we can help our communities.

For reference, below is the list of sponsorships and pricing we were working with for this year’s event:

Gold                                  $15,000

Silver                                $8,000

Bronze                              $3500

Affiliate                           1,500

Young Professionals        $3,500

Individual Ticket              $295

 

We are sincerely saddened about this cancellation, but under these extraordinary circumstances, we feel it’s in everyone’s best interest to practice caution. If you have any questions, please contact Diana Adell at  dadell@mwcua.com, or Dr. Dan Santangelo at dsantangelo@mwcua.com.

Thank you for your consideration. We look forward to planning an extraordinary event in 2021!

Honoring a life of service to the credit union movement

This week, longtime credit union advocate, Lew Stubbs, will be retiring after a 30-plus year career in the movement. Lew has spent the past 19 years with Meridian Trust Federal Credit Union, achieving numerous milestones in his tenure. When we look at a career like his, you can easily focus on his long list of accomplishments including impressive loan growth, increasing loan products and improving rates, reducing compliance issues, leading mergers and growth and navigating the great recession and COVID.

But I’d like to also point out what I think is most important. His character. Lew has been a dedicated champion of our movement, committed to service and investment in the future of credit unions through the training of its people. Lew spent a great deal of his time investing in what we believe is one of the most important aspects of our movement, advocacy. His contributions to our Government Relations Committee and activities are greatly appreciated and will be missed. It takes dedicated volunteers to keep our message front and center to legislators and other key constituents and we are grateful for Lew’s service.

Please join me in thanking Lew for his dedication to the movement, our region, his credit union, his team and most of all, the members he has served over the years. Well done, Lew. Best of luck in your retirement. We wish you all the best!

– Scott Earl

Colorado Credit Unions Step Up for Members During Coronavirus

Mortgage forbearances, auto loan deferments add up to over a billion dollars

May 20, 2020 (DENVER, Colo.) – Colorado credit unions have provided over $1.03 billion in mortgage deferments and more than $657 million in auto loan deferments during the Coronavirus crisis. Representing over two million members in the state, Colorado credit unions have worked with their membership to provide multiple options to offer help as we all navigate this unprecedented situation.

Mortgage forbearance is a temporary stoppage of mortgage payments for a set period of time, typically up to three months. Credit union members work directly with their financial institution to utilize. Skipped payments, typically the option for auto loans, allow a member to defer payments for a period of time on auto loans and unsecured term loans. During this time, interest accrues as it normally would, and the skipped payments are then added at the end of the loan period.

“Credit unions have long been more than just place to keep your accounts,” said Scott Earl, President and CEO of the Mountain West Credit Union Association. “They are truly a partner to their members. Which is why when this crisis hit, they mobilized quickly to provide a wide variety of options for relief.”

While all the talk has been about the Paycheck Protection Program, not everyone impacted by the current crisis is an eligible recipient of that relief. As financial first responders, credit unions stepped up to assist their members from the very beginning of the Coronavirus pandemic. In addition to many Colorado credit unions offering the Paycheck Protection program under the CARES Act, credit unions also have offered short-term, low or no-interest loans; deferments on payments; and other types of programs. This has given members multiple ways to help offset the financial impacts of the crisis.

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 123 member credit unions, 3.8 million credit union members and $51 billion in assets throughout Arizona, Colorado and Wyoming. Not-for-profit in nature, credit unions provide low-cost financial services to their members. 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. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU) and CUNA Mutual Group. Follow us on twitter at twitter.com/mwcua or on Facebook at facebook.com/mwcua. To learn more visit mwcua.com.

Economic & Payments Virtual Forum 2020

This October, Catalyst Corporate Credit Union will be holding their Economic & Payments Forum virtually and will feature eight timely presentations over a two-day period.  The tightly focused Forum will provide actionable information at a most critical time – just before the nation goes into a presidential election and as it deals with the social and economic impact of the COVID-19 pandemic. This FREE event will include presentations by some of the nation’s leading economists and industry thought leaders. Plus! By attending, you’ll have the opportunity to earn 8 CPE credits.