Cannabis Banking Seminar in Denver

On October 15th, experts on Marijuana-Related Business (MRBs) at the Cannabis Banking Seminar particpated in the Cannabis Banking Seminar at MWCUA. While MRBs are legal in Colorado, servicing them can be complicated.

Sundie Seefried, CEO of Partner Colorado CU presents to attendees.

Partner Colorado Credit Union CEO, Sundie Seefried, presented on how she and her team devised, tested and launched a cannabis banking program in 2015, which has withstood the scrutiny of federal and state regulators, earned praise from legislators and industry leaders and garnered national attention in the Wall Street Journal, Bloomberg News, and Reuters.

 

 

 

 

DORA State Bank and Financial Services Commissioner, Patty Salazar, provides an update on the state of Colorado’s position on banking MRBs.

Additionally, Patty Salazar from Colorado Dept of Regulatory Agencies gave the group a great overview about what’s going on state-wide.

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This event takes no position on legalization or use of marijuana, nor credit unions’ decisions to serve the industry or abstain.  It only addresses banking issues caused by the conflict of laws when states authorize medical or recreational use of it or hemp, while it remains prohibited federally.

Ent Credit Union Approved to Serve Six Additional Colorado Counties

COLORADO SPRINGS, Colo. (Oct. 15, 2018) – Ent Credit Union has received approval from the state of Colorado’s Division of Financial Services (DFS) to add six additional Colorado counties to its field of membership. Ent can now offer credit union membership to businesses and individuals that live, work, worship or attend school in Adams, Boulder, Broomfield, Elbert, Larimer and Weld Counties. At the end of September 2018, Ent had more than 16,000 members residing in these six counties.

Previously, Ent’s field of membership included Arapahoe, Denver, Douglas, El Paso, Fremont, Jefferson, Pueblo and Teller Counties, as well as select communities in Weld and Adams Counties.

“We are pleased to announce that our state regulator, Colorado’s Department of Financial Services, has approved Ent’s requests to expand our geographical field of membership,” said Chad Graves, Ent’s CEO. “We are actively working on locations for new service centers and Interactive Teller Machines (ITMs) in these communities, which will provide increased service convenience for our current member-owners. This field of membership expansion is part of Ent’s long-term strategy to increase our credit union’s geographic and economic diversity, which will provide us with added stability during economic downturns.”

About Ent Credit Union

Founded in 1957, Ent Credit Union is a different kind of financial institution, committed to improving members’ financial quality of life and returning value through better rates, lower fees and Ent Extras® cash rewards. Colorado’s leading credit union, Ent has more than $5.4 billion in assets, more than 330,000 members and more than 30 convenient service center locations along the Front Range. In 2018, Forbes’ inaugural “Best-In-State Credit Unions” survey ranked Ent #1 in the state of Colorado. As a not-for-profit, community-chartered credit union, Ent’s membership is open to businesses and individuals who live, work, worship or attend school in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Elbert, Fremont, Jefferson, Larimer, Pueblo, Teller and Weld counties. Ent is an Equal Housing and Equal Opportunity Lender, federally insured by the NCUA.

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Media Contact:

Victoria Selfridge

Vice President, Corporate Communications
(719) 550-6894
VSelfridge@Ent.com

Canvas Credit Union hosts Hero Fest

Canvas Credit Union hosted its first annual Hero Fest: Celebrating First Responders on Saturday September 22nd at the Canvas Credit Union Corporate Office. the event raised over $7,000. Proceeds will be going towards the purchase and training of a new recruit K-9 puppy through the Friends of Douglas County K-9 Foundation. Plus, additional proceeds will be going to the AdsitStrong Foundation which helps First Responders who have been injured in the line-of-duty.

A very special THANK YOU to all of our sponsors, vendors, and community partners. For more information, visit www.canvas.org 

Hughes Makes “10 Best Credit Union Credit Cards of 2018” List with Platinum Card

Tucson, AZ – October 9, 2018 – Combining a low interest rate with a personalized card design feature gave the Hughes Federal Credit Union VisaÒ Platinum Card a top spot in CardRates.com’s “10 Best Credit Union Credit Cards of 2018,” published September 26, 2018. CardRates.com is an online financial resource aimed at educating consumers on credit cards and encouraging better credit decisions.

With large national banks facing issues of consumer trust, CardRates.com focused on the differences between banks and credit unions and recognized the Hughes Platinum Visa credit card for features that have helped give it an edge over big banks: its low interest rate and customizable card design feature, Design a Card.

“One of the things I love about our cards is that you can upload a photo of your own – or choose one of ours – to customize your card,” described Danielle Gomez, Marketing Manager. “I think that makes it really personal, and you can show your style and interests.”

“You shouldn’t have to sacrifice personalization just because you want a card with a great low interest rate,” said Carla Craig, VP Operation Support. “Hughes is always looking to provide options for customization across all of our products and services, so we’re happy to hear that we’ve been recognized for giving our members the option to make something their own.”

Besides its customization feature, CardRates.com also highlighted the Hughes Platinum Visa credit card’s one low interest rate, no annual fee and limits of up to $25,000. “Hughes is dedicated to making a positive difference in the financial lives of our members and that means offering better products and services,” says Craig. “The Hughes Platinum Visa card has no gimmicks, just savings upfront.”

For more information please call 520-794-8341 or visit HughesFCU.org/CCard. For more regarding the 10 Best Credit Union Credit Cards of 2018, visit CardRates.com.

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Hughes Federal Credit Union

Established 66 years ago, Hughes Federal Credit Union is a locally-owned and member-owned financial cooperative with more than 125,000 members and $1.2 billion dollars in assets. Hughes is rated #1 by Forbes in their inaugural best in-state bank and credit union ranking, has a “Superior” 5-Star Bauer Financial rating and is one of the strongest financial institutions in the nation. It is rated A+ and has been accredited by the Better Business Bureau since 1974. Hughes been named Arizona’s Best Credit Union in Forbes 2018 “Best-In-State Banks and Credit Unions” list. This Credit Union is federally-insured by the National Credit Union Administration. For more information about Hughes Federal Credit Union, please visit HughesFCU.org, or follow Hughes at Facebook.com/HughesFCU and Twitter.com/HughesFCU.

Contact:

Kellie Terhune Neely

VP Marketing

520-205-5670

KTerhune@HughesFCU.org

               

45 CU Professionals Become Certified Credit Union Development Educators (CUDEs)

Madison, Wis. – Forty-five credit union professionals were certified as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s Credit Union Development Education (DE) Training.

The September DE Training was held September 19-25, 2018 at the Lowell Center in Madison, Wis. and was attended by employees and volunteers from credit unions and system partners across the United States and the globe.

“The DE experience gave me the opportunity to look at my job through a whole new lens,” said Jamila Collins, Development Coordinator at the Ohio Credit Union League. “This program has ignited a fire in me to ensure that my community is educated about finances, and specifically knowledgeable of the work of credit unions, the history, and the movement.”

DE Training is an experiential training program that provides lessons in credit union structure, purpose and how they differentiate from other financial institutions. During the National Credit Union Foundation’s week-long program, participants are involved in group exercises, field visits and interactive speaker sessions that provide insights into how credit unions can leverage their unique business model to help their members and communities overcome the financial and developmental issues they face.

Class Graduates

The most recent DE graduating class included credit union movement representatives from across the U.S, as well as a representative from Cameroon, Kenya and the Philippines. They are: Charles Akinbola, Elements Financial Federal Credit Union in Indiana;  Scott Albrecht, BCU in Illinois; Ray Black, Advia Credit Union in Michigan; Cathy Boucher, Boston Firefighters Credit Union in Michigan; Jill Carlson, Mid Minnesota Federal Credit Union in Minnesota; Shelly Chinnery, People’s Trust Federal Credit Union in Texas; Gary Chizmadia, Credit Union of New Jersey in New Jersey; Jamila Collins, Ohio Credit Union League in Ohio; Lorraine Davis, Diamond Lakes Federal Credit Union in Arizona; Adrian Duran, FirstLight FCU in Texas; Christian Elden, Midwest Community Federal Credit Union in Ohio; Sandy Flores, GECU in Texas; Deanna Frame, Guardians Credit Union in Florida; Rini Fredette, PSCU in Florida; Kirsten Grimes, Illinois Credit Union System in Illinois; Robert Henson, Credit Union National Association in the District of Columbia; Dulcey Hordge, Suncoast Federal Credit Union in Florida; Stephanie Karr, BECU in Washington; Michael Koceja, Simplicity Credit Union in Wisconsin; Anahi Lopez, Guadalupe Credit Union in New Mexico; Teresa Loy, Central Credit Union of Florida in Florida; Lydia Lozano, CUNA Mutual Group in Wisconsin; Maylene Malapitan, Cebu Mitsumi Multi-Purpose Cooperative in the Philippines; Milai Benson, Mwalimu National SACCO in Kenya; Kolleen Morse, EvergreenDIRECT Credit Union in Washington; Awah Richard Ndoh, Camccul LTD in Cameroon; Joan Nelson, Coastal Federal Credit Union in North Carolina; Mira Ness, New York University Federal Credit Union in New York; Jorge Ortiz, North Side Community Federal Credit Union in Illinois; Nancy Patton, Canvas Credit Union in Colorado; Lindsay Pelletier, Sheboygan Area Credit Union in Wisconsin; Valarie Prillman, Cy-Fair Federal Credit Union in Texas; Amber Reyes, Reliant Federal Credit Union in Wyoming; Tara Roether, Landings Credit Union in Arizona; Trisha Rome, SchoolsFirst Federal Credit Union in California; Valentina Scott, Arizona Federal Credit Union in Arizona; Danielle Smith, Gesa Credit Union in Washington; Rod Snyder, Red Canoe Credit Union in Washington; Jennifer Statham, WSECU in Washington; Kim Steepy, TwinStar Credit Union in Washington; Adam Stewart, Pima Federal Credit Union in Arizona; Betsy Thomas, Unitus Community Credit Union in Oregon; Denyse Vargas, Rio Grande Credit Union in New Mexico, Cindy Wiggins, Peach State Federal Credit Union in Georgia; and Laura Williams, CUNA Mutual Group in Wisconsin.

 

Training Staff

The program was facilitated by the Foundation’s Chad Helminak and co-facilitated by Jim Morrell from Peninsula Credit Union in Washington. Onsite event coordination was done by Maggie Wolff from the Foundation. The class was mentored by a group of six credit union professionals and CUDE alumni: Chris Court, Service 1st Federal Credit Union in Pennsylvania; Marnie Gerkhart, Filene Research Institute in Wisconsin; Jimese Harkley, CUES in Alabama; Ken Kelly, Red Canoe Credit Union in Washington; Lindsey Mueller, CoVantage Credit Union in Wisconsin; and Amanda Stevens, TwinStar Credit Union in Washington.

 

2019 DE Trainings

The Foundation hosts four DE Trainings each year in Madison, Wis. If you are interested in participating in an upcoming DE Training, visit ncuf.coop to learn more or you can email cude@ncuf.coop to be put on a notification list for when registration opens up.

 

 

More September DE Training Testimonials:

 

“As a newcomer to the credit union movement, diving into the ‘why’ behind the credit union philosophy and some of the development issues our customers face every day was a real eye-opener. I’m coming away with a new perspective that I plan to put to good use in our community!” – Christian Elden, Marketing Director at Credit Union of New Jersey.

 

“The CUDE program is one of the most comprehensive, empowering and inspirational trainings I have ever been a part of. I have spent the last 10 years as a credit union member but only the last 6 months as a credit union employee. This experience was exactly what I needed for establishing a firm foundation to my career. Thanks to the CUDE program, I am proud to be a part of the credit union movement, and I am thrilled to share my excitement and new knowledge with others.” –Charles Akinbola, Universal Associate at Elements Financial Federal Credit Union.

“The Development Educator Program is one of the hardest, most rewarding experiences that I have had the privilege to be a part of. The depth it provides in understanding the credit union movement and the impact individual DEs have when they graduate is second to none. I have come away not only as a DE, but as a better person, friend, spouse and parent. This program has sincerely changed my life!” –Betsy Thomas, Branch Manager at Unitus Community Credit Union.

 

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 More about the DE Program:

Since 1982, more than 1,800 credit union advocates from over 36 countries have graduated from DE Training to become Credit Union Development Educators (CUDEs). Once they earn their CUDE designation, people return to their jobs with a sense of personal enrichment and renewed energy to share what they have learned. This growing corps of credit union advocates devotes professional and volunteer time to spreading the credit union message to audiences throughout the country. For more information on the DE program, visit www.ncuf.coop under “How We Help”.

About the National Credit Union Foundation (ncuf.coop):

The National Credit Union Foundation (the Foundation) is the charitable arm of the U.S. credit union movement and works as a catalyst to improve people’s financial lives through credit unions. Through grants and programs, the Foundation is strengthening financial well-being, igniting passion and instilling knowledge about the credit union difference, and uniting resources to help credit union people during disaster. Donations to the Foundation ultimately enable credit unions to help their members reach life-changing goals and achieve financial freedom.

 

Contact: Chad Helminak

608-231-4078 | chelminak@ncuf.coop

TruWest® Credit Union Introduces High-Rate Certificate

Limited-Time Certificate Special Features Shortened 8-month term with 2.00% APY1

TruWest Credit Union, known for high-yield savings rates, has introduced an eight-month savings certificate with a 2.00% APY (Annual Percentage Yield).

This limited-time certificate offer, valid as of September 1, 2018, and subject to change without notice, is open to anyone who becomes a TruWest member with as little as $1,000 deposit and a $5 savings account.

“We’re excited to be able to offer this type of rate and term for our members,” said Alan Althouse, TruWest president and CEO. “We’re providing a much shorter term compared to what our competition offers, with one of the highest rates currently available.”

A savings certificate is an easy and virtually risk-free way to save money and earn interest. It can be a great way to diversify one’s savings or to be used as an alternative to a savings account, depending on the person’s needs.

As with TruWest’s other certificate accounts, members are federally insured by National Credit Union Administration. To apply or learn more about this offer, visit www.truwest.org/cdspecial.

About TruWest Credit Union
TruWest Credit Union is headquartered in Tempe, Ariz., and operates as a cooperative to provide its membership with a lifetime of quality financial services and a culture of caring for its members, employees and communities. TruWest is a strong and sound financial institution with more than 88,000 members and assets totaling more than $1 billion. TruWest Credit Union has 13 branch locations—nine in metro Phoenix and four in Austin, Texas. For more information, visit truwest.org.

 

1Special Offer for 8-month certificate valid as of 9/1/2018 and subject to change without notice. Must be a TruWest member with a minimum $5 deposit. Minimum certificate balance of $1,000 and maximum balance of $50,000. $50,000 maximum balance per primary membership. Additional restrictions may apply. Automatic renewal to 6-month term at the current dividend rate in effect at the time of renewal. A penalty may be imposed for early withdrawal. Fees could reduce earnings. Standard terms and conditions apply. Please call (480) 441-5900 or 1 (855) 878-9378 for further details. TruWest reserves the right to end or modify this offer at any time. APY is Annual Percentage Yield.

 

TruWest® Credit Union Announces Partnership with BusyKid to Teach Kids About Money

BusyKid App Now Available to all TruWest Members

TruWest Credit Union is excited to announce a new way for parents to teach their kids all about managing money. BusyKid is a chore and allowance platform where kids can earn, save, share, spend and invest money they’ve earned. The user-friendly app promotes work ethic, responsibility, accountability and smart money decisions. TruWest recently partnered with BusyKid to offer the program at an annual discount for its members.

“It’s important to teach kids about the value of money at a young age,” said TruWest President and CEO, Alan Althouse. “This program is especially designed to target kids ages 6 to 16 years old and creates real world experience for children to learn responsibility when managing the dollars they earn.”

The platform is simple to use. A chore chart for kids is built into the app, allowing them to receive a weekly allowance linked to a parent’s TruWest checking or savings account. Kids earn money, customized by parents, for a chore. Parents and kids can log in from a computer, tablet or phone at any time to mark chores completed. When “payday” happens, children can invest in stocks, donate to their favorite charity, buy a gift card or cash out the money they’ve earned. There’s even an option of a BusyKid Visa PrePaid Spend Card that can be loaded with money to make in-store purchases. A breakdown of how many chores it took to make a purchase is displayed so kids can determine if that item is worth the price.

“Learning wants versus needs is an important lesson,” said Althouse. “Knowing the value of a dollar earned will set a child up for success later in life.”

A text alert system enables parents to quickly approve purchases made by their kids using the app. The BusyKid app is now available to all TruWest members. For more information about TruWest Credit Union and BusyKid visit truwest.org/busykid.

 

About TruWest Credit Union
TruWest Credit Union is headquartered in Tempe, Ariz., and operates as a cooperative to provide its membership with a lifetime of quality financial services and a culture of caring for its members, employees and communities. TruWest is a strong and sound financial institution with more than 88,000 members and assets totaling more than $1 billion. TruWest Credit Union has 13 branch locations—nine in metro Phoenix and four in Austin, Texas. For more information, visit truwest.org.

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MWCUA leads CEO group on executive hike

Left to Right: Jay Curtis (First CU), Dave Doss (OneAZ CU), Chris Kearney (TruWest CU), Tim Dore (MWCUA), Kim Withers (Meridian Trust FCU), Mike Williams (Colorado CU), Greg Mills (Aventa CU) and Todd Pearson (AZ Central CU).

MWCUA Government Affairs led a group of our member CEOs on a high-level “hike the hill” trip. The group participated in meetings that ranged from political to public policy. Meetings included time with the NRCC (National Republican Congressional Committee) to talk congressional races around the nation. They also discussed policy issues with the House Majority Leader’s office, the Pew Foundation and members of Congress from around the nation.

In addition, the met with Congresswoman Martha McSally and Andy Biggs from Arizona and Senators John Barrasso and Cory Gardner from Wyoming and Colorado, respectively.

The group also had a chance to meet with the head of IT for the White House, who explained the complexities and challenges of securing the White House technology, and led a private tour of the White House West Wing and the executive office building.

 

 

 

Denver Community Credit Union Participates in Denver Community Gives Day Oct. 8

Denver, Colo. – All Denver Community Credit Union staff will volunteer at six Denver service project locations on #DenverCommunityGives Day, Monday October 8th.   Volunteer projects will support Metro Caring’s anti-hunger programs and Volunteers of America Colorado’s underserved clients, which include at risk children, women, seniors, and homeless community members.

On #DenverCommunityGives Day, credit union staff will paint ten emergency shelter rooms for families in crisis, sort and organize food bank donations, serve meals to children and homeless community members, and do maintenance work to spruce up senior housing and preschool facilities, among other projects.  #DenverCommunityGives Day aligns with Denver Community Credit Union’s vision of “Advancing financial opportunity” by making a difference in the lives of our community members.

Denver Community employees have collectively volunteered over 610 hours in 2018 so far.  This full day of volunteering and recognizing community service further encourages Denver Community staff to remain involved in the communities we serve year-round.  In 2017, 86 Denver Community staff volunteered a combined 430 hours on #DenverCommunityGives Day, which was an estimated $10,380 in cost savings for Volunteers of America Colorado.

For updates about #DenverCommunityGives Day, visit www.DenverCommunity.coop/Gives

About Denver Community CU

Since 1934, Denver Community Credit Union has been advancing financial opportunity for its members and community. Anyone who lives or works in Adams, Arapahoe, Jefferson, or Denver Counties is welcome to become a member. We serve our communities with quality loans with low rates, and savings and checking products that help members effectively manage their money. Our staff provides top level service by focusing on finding solutions that help members reach further to achieve their financial goals. The credit union also positively impacts members and communities with the award-winning Clear Money Program; a financial education program. Learn more at www.denvercommunity.coop

About Metro Caring

Metro Caring’s mission is to build equity by nourishing neighbors, providing tools to thrive and fostering community.  Metro Caring addresses the root cause of hunger: poverty, by providing nutritious groceries to the community and offering holistic, wrap-around programming so that families can break the cycle of poverty.  Metro Caring is a welcoming, dignified, health-focused organization, open to everyone in the Denver metro area.  To learn more, visit www.metrocaring.org

About Volunteers of America

Volunteers of America is a national, nonprofit, faith-based organization established in 1896 dedicated to helping those in need live healthy, safe and productive lives.  Serving more than 146,000 Coloradoans each year, Volunteers of America has supported and empowered America’s most vulnerable groups, including the frail elderly, people with disabilities, at-risk youth, homeless individuals and women and their children escaping domestic violence.  For more information about Volunteers of America, visit www.voacolorado.org

 

VANTAGE WEST ANNOUNCES 2018 BOARD ELECTION RESULTS, 2018-2019 BOARD AND SUPERVISORY COMMITTEE LEADERS

TUCSON, Arizona. (September 25 , 2018) – Vantage West Credit Union, southern Arizona’s largest credit union,  announced today its 2018 board election results and its new 2018-2019 Board of Directors and Supervisory Committee leaders.

The credit union recently  held its board election during the 63rd Annual Annual Membership Meeting. Incumbent Directors Ana Archer and Dr. Paul Melendez were re-elected by acclamation  for new 3-year terms, filling the seats that were up for regular election. A special election was held for a third board seat vacated earlier this year. Olivia Smith was elected by the Membership to complete the remaining two years of the seat’s 3-year term.

 

Eugene Santarelli -Chairman

John Driskill – Vice Chair

Augustine Gomez – Treasurer

Ana Archer – Secretary

Paul Melendez – Director

Olivia Smith – Director

Randy Kohout – Director

The board  later held its election of officers on August 13 with the following results: Eugene Santarelli – Chairman; John Driskill – Vice Chairman; Augustine Gomez – Treasurer; Ana Archer – Secretary; Dr. Paul Melendez – Director; Olivia Smith – Director; and Randy Kohout – Associate Director.

The board also appointed the following Supervisory Committee members: Ann McGrath, Michiko Pinnington and Janet Flores.

In partnership with the executive team, Vantage West’s Board of Directors plays a critical role in setting the strategic direction of the credit union, and helps ensure Vantage West maintains its excellent financial standing. The Supervisory Committee is an independent entity responsible for evaluating the safety and soundness of Vantage West.

 About Vantage West Credit Union

 Vantage West is a $1.9-billion credit union, headquartered in Tucson, Arizona. It was established in 1955 to serve airmen at Davis-Monthan Air Force Base.  Since then the credit union has expanded to serve members in Pima, Pinal, Maricopa and Cochise counties. Vantage West offers consumer and business banking services, and is federally insured by NCUA. VantageWest.org