Tara Tocco, Auditor at Hughes, Wins National Award for Excellence in Service

Tucson Ariz.,– July 9, 2019 – Hughes Federal Credit Union’s Internal Audit Manager Tara Tocco received the 2019 Randy Manscill Excellence in Service Award from the Association of Credit Union Internal Auditors (ACUIA) at its recent annual meeting in Denver, Colorado. Tocco was also elected to the organization’s board of directors.

The ACUIA is recognized as a premier provider of education and resources to credit union internal auditors, risk managers, compliance officers, and audit/supervisory committee members. Tocco’s award was in recognition for her outstanding volunteer contributions to the ACUIA that helped increase its chapter base from 18 to 28 states.

“Tara Tocco demonstrates her commitment to professional excellence in her daily work and through her ACUIA volunteer activities,” said Robert J. Swick, president/general manager. “We are so pleased she received the recognition and are proud to have her as an integral part of our team.”

Tocco serves as an ACUIA board liaison to the regional directors and chapter coordinators. She is also a board liaison to the social media committee responsible for increasing ACUIA’s presence on Facebook and LinkedIn.

“I am very honored by the award and look forward to continuing to serve an organization that does so much to support credit union professionals across the country,” said Tocco.

About Hughes Federal Credit Union 

Established in Tucson in 1952, Hughes Federal Credit Union has $1.2 billion in assets and nearly 130,000 members. Hughes is rated as one of the best in-state credit unions in Arizona by Forbes for the second year in a row, has a Bauer Financial five-star superior rating, and is rated “A+” and has been accredited by the Better Business Bureau since 1974. The credit union is federally insured by the National Credit Union Administration. For more information, visit HughesFCU.org or follow Hughes at Facebook.com/HughesFCU and on Twitter.com/HughesFCU.

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Contact:

Kellie Terhune Neely

VP Marketing

520-205-5670

KTerhune@HughesFCU.org

 

 

Announcing IRA School Registration Now Available

If you or someone at your credit union needs to receive training on IRAs, this is the class for you. Taking place in Denver on October 23-24, 2019, this is the only in-person IRA Training available to Colorado and Wyoming members. You can register for one day or for both days.

IRA Essentials: October 23, 2019 (9am – 4:30pm)
IRA Essentials course will give attendees a solid foundation of IRA knowledge This is a beginner’s session; no previous IRA knowledge is assumed. Attendees should bring a calculator to class.

Advanced IRAs: October 24, 2019 (9am – 4:30pm)
Advanced IRAs builds on the learners’ knowledge of IRA basics to help them address some of the more complex IRA issues they handle at the credit union. This is an advanced session; previous IRA knowledge is assumed. You’ll walk away with an overview of hot topics, regulatory updates and proposed regulations and the knowledge of how to address these regulatory compliance changes in your credit union.

Pricing: $229 per day or $418 for both days (includes instruction, materials and lunch)

Presenter: Chad Neumann, Senior Training Consultant, Ascensus, Inc.

If you need help defraying registration fees and travel/ lodging costs, please remember you can always apply for a Professional Development Scholarship. Click here to apply.

Click here for program information and to register.

Stay tuned for information regarding IRA School taking place in Arizona on November 5-6, 2019.

7.12.2019 Regulatory Compliance Newslettre

  • OFAC Reminder of Blocked Property Reporting
  • Currency with Stamped Image of Harriet Tubman Appearing in Circulation
  • Overdraft Rule is Helping Consumers, State AGs tell CFPB
  • IRS to Allow SSN Truncation on W-2 Forms
  • Reg CC Final Rule Explained – CUNA Compliance Community Blog
  • Channel Update – Flood Insurance

Premier Members CREDIT UNION ELECTED as Forbes’ top FIVE best-in-state credit unions 

Boulder, Colo. (July 2, 2019) – Premier Members Credit Union has been voted as one of the top five best credit unions in Colorado, according to a recent survey by Forbes that included more than 25,000 customers in the United States.

Financial institutions were scored on overall recommendations and satisfaction, as well as five subdimensions including: trust, terms and conditions, branch services, digital services and financial advice.

The Forbes recognition adds to the growing list of awards and honors Premier Members Credit Union has received within the past year:

  • Premier Members Credit Union was the recipient the Mountain West Credit Union Association’s (MWCUA) Community Impact Award, highlighting the credit union’s employee volunteer programming.
  • Premier Members was announced as Kiplinger’s Top Checking Accounts in 2019, and received national recognition by S&P Global as the Top 50 Best Performing Credit Unions in the nation.
  • Premier Members was named among DepositAccounts Top 200 list of Healthiest Credit Unions in the United States for 2019.  Premier Members Credit Union achieved an “A+” health rating in the 2019 DepositAccounts financial health study, making the credit union one of the healthiest NCUA-insured credit unions in the United States.

About Premier Members: Premier Members Credit Union is a not-for-profit financial institution dedicated to providing financial solutions to individuals and businesses in Colorado’s Front Range. With more than 73,000 members, $1.1 billion in assets, 13 retail branch locations and four locations in area high schools, PMCU is a leader in the credit union industry. In addition to being at the forefront of the industry in sustainable business practices, PMCU takes pride in giving back to the communities it serves, supporting a wide variety of activities and fundraising events for charitable organizations like United Way, Realities for Children of Boulder County, Impact on Education and many more. To learn more, visit pmcu.org.

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Contact:
Andrea Balazs, Corporate Social Responsibility
Premier Members Credit Union, 303.657.7304
abalazs@pmcu.org

 

Aventa Credit Union Announces New Chief Risk Officer/General Counsel

Colorado Springs, Colo. (July 1, 2019) – Aventa Credit Union recently named Patrick Harrigan as its Chief Risk Officer/General Counsel where he will be responsible for the safety and soundness of the credit union as it relates to legal matters and regulatory compliance. He will also oversee the BSA/AML and record retention functions.

Patrick Harrigan, Chief Risk Officer/General Counsel

Mr. Harrigan previously served as the Chief Risk Officer and General Counsel for Service Credit Union in Portsmouth, New Hampshire, for over nine years, supervising the Legal, Risk, Information Security, and HR/Education Departments, and served on its Board of Directors for five years.  Mr. Harrigan holds a B.A. in Economics from Brown University, a J.D. from the University of Maine School of Law, and a M.B.A. Finance from Plymouth State University, and is a N.A.F.C.U. certified compliance officer and risk manager.

About Aventa

Aventa Credit Union was founded in 1957 by the Colorado Springs Utilities Department. Today, Aventa has grown to more than 27,000 members and nearly $200 million in assets. The credit union offers a wide-variety of financial products and services throughout their branches in Colorado Springs, Pueblo and the San Luis Valley.

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For More Information

Conner Shears

Marketing Coordinator

719.482.7700

Calling All Marketers for 2019 Marketing Summit!

Come be a part of the knowledge exchange taking place at the 2019 Marketing Summit hosted by Mountain West Credit Union Association!

The 2019 Marketing Summit is geared towards one intention – giving credit union marketers and business development professionals what they need to flourish in this rapidly changing industry and to propel your work forward.

We’ve tapped marketing and industry research experts to examine topics top-of-mind in your everyday work. This year’s event will include:

– From Spark to Fireworks: Growing Innovation for Marketers (and the whole team)
– Analytics Matter: Rethink How to Use Data for Membership Growth
– The Future of Community Giving
– Peer-to-Peer Exchange

Plan to attend the one event where you can learn and network with the best and the brightest in credit union marketing and business development from the Mountain West region.

Early bird registration rate of $259 ends August 27, so be sure and register soon!

Fee: $299 (Includes lunch)
Location: Denver, CO

For more event details and to register, click here.

Forbes Names Hughes as One of Arizona’s Best In-State Credit Unions in 2019

Tucson AZ – Hughes Federal Credit Union was named as one of Forbes’ “Best-In-State Banks and Credit Unions” in Arizona for the second year in a row, ranking as one of the state’s top five credit unions in the 2019 rankings published on June 25.

Forbes partnered with Statista on an independent survey of more than 25,000 customers across the nation about their financial dealings. The banks and credit unions were rated on overall recommendations and satisfaction, as well as five key areas: trust, terms and conditions, branch services, digital services, and financial advice.

Hughes’ President and General Manager Robert J. Swick said, “We are honored to be recognized as one of the best in-state credit unions in Arizona by Forbes for two years in a row. This award validates our dedication to making a positive difference in the financial lives of our members through best-in-class products, services and customer care.”

About Forbes & America’s Best-In-State Banks and Credit Unions

Forbes is a global media company, focusing on business, investing, technology, entrepreneurship, leadership and lifestyle. Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes.com also publishes investment newsletters and an online guide of “bests” by industry rankings. For America’s Best-In-State Banks and Credit Unions 2019, the length of the top lists in each state varies between 1 and 10, based on the number of responses in each state. Nationwide banks or credit unions that have branches in at least 15 U.S. states were excluded from the rankings. In total, 182 credit unions and 149 banks qualified, or 3.1% of the total number of U.S. financial institutions.

Hughes Federal Credit Union

Established in Tucson in 1952, Hughes Federal Credit Union has $1.2 billion in assets and nearly 130,000 members. Hughes is rated as one of the best in-state credit unions in Arizona by Forbes for two years in a row, has a Bauer Financial 5-Star “Superior” rating, is rated A+and has been accredited by the Better Business Bureau since 1974. The Credit Union is federally insured by the National Credit Union Administration. For more information, visit HughesFCU.org, or follow Hughes at Facebook.com/HughesFCU and Twitter.com/HughesFCU.

 

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Contact:

Kellie Terhune Neely

VP Marketing

520-205-5670

KTerhune@HughesFCU.org

PHOTOS AVAILABLE UPON REQUEST

Mapleton Public Schools Federal Credit Union and Westerra Credit Union to Merge

Educational Focus Brings Credit Unions Together

DENVER, CO – Mapleton Public Schools Federal Credit Union and Westerra Credit Union today announced plans to merge the credit unions serving the employees, students, graduates, retirees and families of the Denver area school districts.

“Our credit unions have so much in common,” said Mapleton Public Schools Federal Credit Union Co-Chairman Sam Molinaro, “and this merger positions us even better to serve the financial needs of our members through additional branches, expanded service and a continued focus on financial education in our schools and our community.”

“We are very excited about the many benefits this merger of two sound credit unions provides to both Mapleton and Westerra members,” said Andy Raicevich, Chairman of Westerra Credit Union. “It is important to us to provide local resources, as conveniently as possible, to meet the financial needs of those in our community.”

Through Westerra Credit Union, members will have access to 10 branches across the metro area, as well as 200 Colorado CO-OP Shared Branch locations and 1000 surcharge-free ATMs.  The local member-owned credit union, organized in 1934 by eight Denver school teachers, anticipates regulatory pre-approval in the next couple weeks, followed by a vote of Mapleton Public Schools Federal Credit Union members to join Westerra’s state charter.

“Our credit unions share a commitment to financial education,” said Jay Champion, President/CEO of Westerra Credit Union. “Members and non-members are invited to attend free financial seminars, use our online financial literacy tools, and have conversations with credit union staff to find answers to their questions.  Westerra also provides grants to schools and makes presentations in classrooms to help our educational community with their important mission.  We look forward to sharing these resources throughout the entire Mapleton community.”

Westerra membership is open to anyone who lives or works in the 7-county Denver metro area—Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas or Jefferson counties. After the merger, membership will also include employees, retirees, students, graduates and families of Mapleton Public Schools.

Champion will continue as President/CEO of Westerra Credit Union with the anticipated merger date of October 1, 2019.  The full integration of Mapleton Public Schools Federal Credit Union operations will take place throughout the fourth quarter of 2019.

Credit Union Merger Facts:

  • Both Mapleton Public Schools Federal Credit Union and Westerra Credit Union are awarded the top rating for financial institutions—5 Stars—by Bauer Financial, Inc. as well-capitalized solid financial institutions.  (Bank and credit union ratings can be reviewed at www.bauerfinancial.com.)
  • Funds will continue to be federally insured by the National Credit Union Administration (NCUA), an agency of the federal government, up to $250,000 per member.
  • Westerra Credit Union and Mapleton Public Schools Federal Credit Union are local not-for-profit, member-owned financial cooperatives, run by boards of directors elected from their membership.
  • Westerra Credit Union was organized in 1934 by teachers and today serves 125,000 members.
  • Mapleton Public Schools Federal Credit Union was organized by teachers in 1959 and today serves 450 members.
  • Westerra was originally formed as Denver Public Schools Credit Union and has an 85 year history of serving educators throughout the Denver metro area.
  • The credit union will continue providing the same personalized care, educational programs, low-cost financing, and broad array of products and services.
  • At March 31, 2019, Westerra’s assets totaled $1.56 billion and Mapleton Public Schools Federal Credit Union’s assets totaled $2.5 million.
  • Both credit union boards of directors have unanimously approved the merger, which is anticipated to be finalized October 1, 2019.

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 About Westerra Credit Union – Celebrating its 85th anniversary in 2019, Denver-based Westerra Credit Union holds over $1.5 billion in assets and serves 125,000 members throughout the Denver metro area. For more information, visit www.westerracu.com.

Nancy Bunte | Vice President, Marketing and Public Relations | Westerra Credit Union
O: 303-329-4511 | C: 303-358-8015 | nbunte@westerracu.com