2013 Western States Volunteers’ Conference: Early Bird Deadline Ends 1/4/13

Support your credit union board members and committee members’ professional development by having them attend the 2013 Western States Volunteers’ Conference. The 2013 conference will be filled with sessions in the areas of governance, strategy, technology, financial management, regulatory requirements, and personal leadership. Additionally, conference attendees will be able to exchange ideas with other credit union volunteers from throughout the Western United States. Visit www.mwcua.com/wsvc to learn about this valuable conference and take advantage of early-bird registration rates that are available until January 4, 2013.    

Arizona Credit Unions Raise $5000 for Local Children’s Miracle Network Hospitals

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Media Contact:

Joy Audet
602-371-2203 


Arizona Credit Unions Raise $5000 for Local Children’s Miracle Network Hospitals At 22nd Annual Softball Tournament 


PHOENIX –November 5, 2012 –
The Mountain West Credit Union Association hosted its 22nd annual softball tournament raising nearly $5000 to support Credit Unions for Kids benefiting local Children’s Miracle Network Hospitals, Phoenix Children’s Hospital and Tucson Medical Center.

Nine Arizona credit unions making up eleven teams participated in the event which took place at Papago Park in Phoenix on Saturday October 27, 2012.  Funds were raised through registration fees and donations.

“The Annual softball tournament is an event to look forward to,” said Kellee Dominguez, Community Development Manager with Arizona Central Credit Union and a volunteer with Credit Unions for Kids.  “Not only are we raising money for our local children’s’ hospitals, the credit unions come together and have fun in friendly competition with a common goal, the kids.”

Taking home the top prize for the day was Desert Schools Federal Credit Union, defeating Hughes Federal Credit Union who had been undefeated prior to the final game of the day.

In the last five years, credit unions throughout Arizona have raised nearly $30,000 for Children’s Miracle Network Hospitals through the annual softball tournament.  Approximately 10 volunteers from credit unions statewide and Mountain West Credit Union Association staff made the event possible.

Click here for photos from the event.

 
About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 154 member credit unions, 3.2 million credit union members and $29 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 member credit unions through advocacy, communications, community outreach, education & training, operations, public affairs and regulatory & compliance services. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU), and CUNA Mutual Group.

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The Mountain West Credit Union Foundation Presents Six Prestigious Awards at Annual Gala

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Media Contact:
Joy Audet
602-371-2203 
The Mountain West Credit Union Foundation Presents Six Prestigious Awards at Annual Gala
Denver October 16, 2012 – The Mountain West Credit Union Foundation raised approximately $30,000 to support the Mountain West Credit Union Foundation and presented six prestigious awards at this year’s Mountain West Credit Union Foundation Annual Star Gala.  The 5th Annual Star Gala, celebrated on October 12, 2012 was emceed by television and radio personalities Denise Plante and Murphy Huston of the “Murphy & Denise Morning Show” on KOSI 101.

 Each year, the Star Gala is held to honor outstanding credit unions and credit union professionals. This year, awards were presented to:


  • Sooper Credit Union– Credit Union of the Year Award (100M – 500M)
  • Desert Schools Credit Union– Credit Union of the Year Award (over 500M)
  • Susan J. Brayman, Director Bellco Credit Union– Distinguished Service Award recipient.
  • Carroll Beach, Chairman Elevations Credit Union– Distinguished Service Award recipient.
  • Kara Kirschner of First Credit Union– Emerging Leader Award recipient.
  • Pima Federal Credit Union– Community Impact Award recipient.
  • Partner Colorado Credit Union—Honorable mention for the Community Impact award.
 
“The 5th Annual Star Gala was an outstanding success that underscored all the hard work credit unions and their dedicated staff and volunteers do on behalf of their members and their communities.  Credit unions make a difference everyday in their tireless work and are a model of their people helping people philosophy”, said John Uchida, President and CEO of Space Age Federal Credit Union and Chairman of the Mountain West Credit Union Foundation.

The event was well attended with more than 260 credit union professionals and volunteers. Gold and Silver level sponsors included: Bellco Credit Union, CUNA Mutual Group, Desert Schools Federal Credit Union, Elevations Credit Union, Mountain West Credit Union Association, Strategic Partners, Berenbaum Weinshienk, Centennial Lending, Ent Federal Credit Union, and Westerra Credit Union.

Follow this link for more information and photos

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 154 member credit unions, 3.2 million credit union members and $29 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 member credit unions through advocacy, communications, community outreach, education & training, operations, public affairs and regulatory & compliance services. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU), and CUNA Mutual Group.

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ARIZONA, COLORADO & WYOMING CREDIT UNIONS ENTER INTERNATIONAL PARTNERSHIP

MWCUA Logo   Media Contact:  jaudet@mwcua.com
  602.688.4569


  Media Contact:  msuing@woccu.org
 608-395-2075
             

ARIZONA, COLORADO & WYOMING CREDIT UNIONS ENTER INTERNATIONAL PARTNERSHIP

Mountain West Credit Union Association forms partnership with the Federación de Cajas Populares Alianza in Guanajuato, Mexico

(PHOENIX) September 18, 2012 – The Mountain West Credit Union Association has signed a partnership agreement with Alianza, a Credit Union Association located in Guanajuato, Mexico to collectively establish a partnership for mutual benefit. The partnership agreement was arranged through the World Council of Credit Unions’ International Partnership Program.

The partnership will focus on strengthening Alianza’s member credit unions through the development of new products and services, as well as enhanced innovation, technology, and overall business operations.  Participating credit unions will also provide mutual assistance in training, member service, loan underwriting and marketing.

The agreement was signed in Denver, CO on September 12, 2012 by Mike Williams, Chairman of the Mountain West Credit Union Association, Tomas Carrizales Villegas, CEO of the Federación de Cajas Populares Alianza and Victor Miguel Corro, VP Worldwide Foundation of Credit Unions. Representatives from Alianza visited Mountain West Credit Union Association offices in both Phoenix, AZ and Denver, CO as well as Arizona Central Credit Union in Phoenix, AZ, TruWest Credit Union in Tempe, AZ, and Denver Community Credit Union in Denver, CO as the first step toward the international agreement.

“We are all very excited about the opportunity to have the unique experience to help perpetuate the credit union movement and assist in developing a stronger international credit union system through expanding cooperative networks,” said Mike Williams, Chairman of the Mountain West Credit Union Association.  “The value of working together with Alianza and the World Council of Credit Unions will strengthen all of our business practices as we work to build new and enhanced models together.“

“The former Leagues in Arizona and Colorado/Wyoming were no strangers to the World Council and working in developing credit union work systems overseas,” said Victor Miguel Corro.  He Added, “We are very pleased to welcome the Mountain West Credit Union Association to our expanding international partnerships this year.  Membership is growing in double digits at Alianza credit unions and they need a strong partner so that they can introduce modern delivery channels to their members. Also, Alianza is eager to share insights as to how to serve the Latino members in the U.S. credit unions better. We’re looking forward to working together with both Alianza and the Mountain West Credit Union Association.” 

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About the Mountain West Credit Union Association
The Mountain West Credit Union Association is the regional tri-state trade association representing 154 member credit unions, 3.2 million credit union members and $29 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 member credit unions through advocacy, communications, community outreach, education & training, operations, public affairs and regulatory & compliance services. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU), and CUNA Mutual Group. 

About Federación de Cajas Populares Alianza 
Federación de Cajas Populares Alianza a federation for more than 30 years representing 21 member credit unions, 1,350 employees and 165 volunteer executives with  presence in in 11 states in Mexico, including: Guanajuato, Michoacán, Jalisco, Queretaro, San Luis Potosi, Aguascalientes, Edo. of Mexico, Puebla and Tamaulipas as well as 700 employees and 180 volunteers managers.  Alianza promotes and integrates credit unions, offering them specialized quality services based on the cooperative philosophy and sound financial practices resulting in increased integration. Alianza assists affiliated credit unions in achieving greater economies of scale by providing the following services: technical assistance, educational training, marketing kit (unified brand) IT solutions, auditing services.
 
About the World Council of Credit Unions
World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions’ financial performance and increase their outreach.
World Council has implemented more than 290 technical assistance programs in 71 countries.Worldwide, 51,000 credit unions in 100 countries serve 196 million people. Learn more about World Council’s impact around the world at www.woccu.org
 

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L-R: Tomas Carrizales Villegas, Mike Williams, Victor Corro L-R:Tomas Carrizales Villegas,  Mike Williams L-R: Samuel Gonzales Gomez ,  Tomas Carrizales Villegas, Mike Williams,  Jesus Salomon Rojas Leon, Dan Santangelo,  Lorena Jimenez Rojas, Javier Castro Alcaraz, Jose Manuel Aliva Macias, Victor Corro
           

AEA Federal Credit Union Announces GO Direct Initiative

FOR IMMEDIATE RELEASE

 

Yanna L. Kruse, Vice President of Marketing
AEA Federal Credit Union
1780 S. 1st Avenue, Yuma, Arizona  85364                                  

Telephone: 928.373.5425

Email: ykruse@aeafcu.org                                                                                                            
            

 

AEA Federal Credit Union Announces $200,000 GO Direct Initiative 
Benefiting Members and Community

Yuma, AZ—AEA Federal Credit Union announces the $200,000 Go Direct Initiative, an innovative, member-centric approach to auto lending offering big benefits to AEA’s 42,000 members and the community.  AEA’s Initiative pledges a $10,000 financial donation to one community service organization benefiting local residents once $200,000 in Instant Cash for Car Loans is awarded to AEA members.  AEA’s GO Direct Instant Cash for Car Loans program gives back up to1% of auto loan balances in Instant Cash when members go directly to the Credit Union for auto financing.  

Yanna Kruse, Vice President of Marketing for AEA, commented, “People helping people is the fundamental purpose of credit unions.  By taking a member-centric approach 
to auto lending AEA Federal Credit Union grows, members are rewarded and the community is strengthened. The Initiative just seemed like a natural extension of the Instant Cash for Car Loans program. It’s a positive GO Direct effect where everyone benefits.”

The GO Direct Instant Cash for Car Loans program was first offered in March of 2012 on a promotional basis.  The program’s overwhelming popularity made it permanent.  AEA’s goal is to pay out $200,000 in Instant Cash to members before the clock strikes midnight on December 31, 2012.   Nominations for non-profit organizations will be requested throughout the year.  An impartial selection committee comprised of AEA management and members will then choose three organizations that will compete for the $10,000 donation, with final voting taking place on AEA’s Facebook site.  

An Instant Cash for Car Loans counter is displayed on the Credit Union’s website at www.aeafcu.org tracking the total amount of Instant Cash awarded to members in AEA’s quest to hit the $200,000 mark. For more information about AEA Federal Credit Union’s GO Direct Initiative, visit www.aeafcu.org/initiative.

 

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 AEA Federal Credit Union is a community-chartered credit union serving 42,000 members throughout Yuma and La Paz Counties.  For more information, visit www.aeafcu.org or call 928-783-8881.  

 

AEA Federal Credit Union is insured by the National Credit Union Administration (NCUA),  the independent federal agency that regulates, charters, and supervises federal credit unions.  With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of 92 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.  Deposits are federally insured up to $250,000 per eligible account.

CUNA’s Legislative Outlook 8/28/2012

CUNA’s Legislative Outlook – a legislative review in areas of concern and interest to the credit union movement                                                                        www.cuna.org

 
Supplemental Capital

We continue our efforts to educate members of Congress regarding the importance of capital reform for credit unions.  The number of members sponsoring our supplemental capital legislation has increased steadily, as this continues to be an issue CUNA staff and Hike the Hill participants raise in their meetings with lawmakers.

Taxation

While we see no immediate threat to the credit union tax status, we are mindful that Congress is likely to engage in comprehensive tax reform next year.  While we have always felt prepared for a tax battle, we are taking steps now to be even more sure.  We have developed a plan and we are evaluating resources in the event that the tax status comes on direct threat later this year or in the next Congress.

CUNA’s Legislative Outlook

CUNA’s Legislative Outlook – a legislative review in areas of concern and interest to the credit union movement

Regulatory Burden Reducing regulatory burden is a key priority for CUNA, and in the Legislative Affairs department that means using our resources to urge Congress to encourage – and in some cases, direct – regulators to reduce burden on credit unions.  To that end, there are four areas that we are focusing on with respect to Congress and regulatory burden: Privacy Notification, Remittances, and Exemption Authority.

Privacy Notification:  Earlier this summer, Representatives Luetkemeyer (R-MO), Sherman (D-CA), and Meeks (D-NY), introduced H.R. 5817, the Eliminate Privacy Notice Confusion Act.  This legislation would amend the Gramm-Leach-Bliley Act to require financial institution to send privacy notification to consumers only when their privacy policy has changed.  We are working to lay the ground work for this legislation in a manner similar to our efforts on the ATM bill, and we have received positive response from Members and staff with whom we have discussed this issue.  We have included talking points regarding this bill in our briefing material.  Even though time is short, it is not outside the realm of possibility that we could get this bill through Committee this year if we are able to generate from momentum by adding cosponsors in August.

Remittances:  As I mentioned last week, Representatives Blain Luetkemeyer (R-MO) and Yvette Clarke (D-NY) are circulating a Dear Colleague letter encouraging Members of the House to sign-on to a letter encouraging the CFPB to delay and study the impact of its proposed remittances regulation. CUNA has been working with a number of other trades to develop this letter and encourage support for it.  If you are contacted by any Representative’s office, we hope you will let them know that we support the Luetkemeyer-Clarke letter.  I have attached a copy of the letter to this email for your information.  We understand that the following members have added their names to the letter:  Campbell, Canseco, Clarke (NY), Guinta, Hastings (FL), Huelskamp, Huizenga, Marchant, Neugebauer, Posey, Schweikert, and Stivers.   The deadline for Members to add their name to this letter is this Friday.

Exemption Authority:  CUNA has had the opportunity to testify before the 112th Congress 17 times, including 7 appearances this year.  Most of these hearings have given us the opportunity to discuss our concerns with the “crisis of creeping complexity” credit unions face with respect to regulatory burden.  As the CFPB has started using its rulemaking authority, we have been using these appearances to push for the CFPB to use its authority under Section 1022 of the Dodd-Frank Act to exempt credit unions from its regulations.  We have also taken advantage of the opportunity to raise concerns with the proposals to integrate the RESPA/TILA disclosures, the QM and QRM proposals, as well as the remittances rule.  We will continue to seek these opportunities to encourage Congress to put pressure on the regulators to reduce regulatory burden on credit unions.

Colorado Credit Unions Awarded for Social Responsibility, Philosophy in Action & Financial Literacy

Media Contact:
Joy Audet 
602.688.4569

Colorado Credit Unions Awarded for Social Responsibility, Philosophy in Action and Financial Literacy

Denver– August 20, 2012 – The Mountain West Credit Union Association is pleased to recognize the following regional credit union winners of the Dora Maxwell Social Responsibility Recognition Award, Louise Herring Award for Philosophy in Action and the Desjardins Youth Financial Education Awards:

 Colorado  Award Recipients

Dora Maxwell:               $50- $100 million asset category
(Honorable Mention) Horizons North Credit Union 

$100 million – $200 million asset category 
(First Place) Space Age Federal Credit Union 

$1 billion + asset category
(Second Place) Bellco Credit Union

 

 Louise Herring: $200 – 500 million asset category
(First Place) Boulder Valley Credit Union

 

 Desjardins (youth):    $50 – $100 million asset category
(First Place) Arapahoe Credit Union

 

The Dora Maxwell Social Responsibility Recognition Award is given to a credit union, chapter or multiple credit union group for its social responsibility projects within the community. The Louise Herring Award for Philosophy in Action recognizes practical application of credit union philosophy within the actual operation of the credit union. The Desjardins Youth Financial Education Awards recognizes leadership within the credit union movement on behalf of teaching and maintaining financial skills for life.

Horizons North Credit Union has received a Dora Maxwell Honorable Mention. Through the Bright Horizon Award program, the credit union offers the schools within the Adams 12 Five Star School District opportunities to increase community awareness goals, milestones and achievements submitted by teachers, parents or volunteers within the Adams 12 Five Star Schools.

“It is an honor to be recognized for the Bright Horizons Award by the Mountain West Credit Union Association,” said Brad Harvey, President/CEO of Horizons North Credit Union.   He continued, “we firmly believe in communicating the success of everyday accomplishments within the Adams 12 Five Star Schools, and partnering with the Brighton playing ground them to provide financial solutions for the staff, students, and parents of the district. The Bright Horizons Program is an award that we are honored to be a part of, and will continue to provide for the benefit of our communities.”

Space Age Federal Credit Union has earned a First Place Dora Maxwell Award for their fundraising program, Box Tops for Lowry Elementary School, collecting over 1,700 box top coupons. More than 755 members participated in the program. Including Space Age Credit union’s Bonus Box Top Cash Matching program, the credit union raised $500 in cash donations for Lowry Elementary School. 

“We are very excited to be receiving the Dora Maxwell Award,” said John Uchida, President of Space Age Federal Credit Union.  He continued, “we strived to organize a project that not only brought our members together, but also demonstrated wide-spread community support.  This project was cost-effective, cooperative, and community driven; it really demonstrates the credit union movement.”

Bellco Credit Union has received a Second Place Dora Maxwell Award for their $100,000 donation to the Food Bank of the Rockies for the purchase of three food dehydrators, providing the food bank with the opportunity to preserve stock and distribute food that would have otherwise gone to waste.

“Supporting Food Bank of the Rockies is our way of giving back to the people of Colorado who have provided more than 75 years of support to our financial institution,” said Doug Ferraro, President/CEO of Bellco Credit Union. “With this gift, Bellco Credit Union, along with our members, is able to show our appreciation in a significant and ongoing way, ensuring that the resources in our state do not go to waste and make it into the hands of those in need.”

Boulder Valley Credit Union has earned a First Place Louise Herring Philosophy in Action Award for their work with FBLA (Future Business Leaders of America) and DECA (Distributive Education Clubs of America). As part of Boulder Valley Credit Union’s student-run branch curriculum, the credit union created partnerships with business classes where students were given the opportunity to develop strategies for increasing membership. 

Rick Allen, President/CEO of BVCU, said, “We are honored to receive this prestigious award. Student credit union branches are a natural fit to our mission and passion for financial literacy. Our entire staff works hard to make our student credit union branch program a truly educational experience. The program includes a student advisory board, integration with the schools’ FBLA and DECA clubs, classroom presentations, and interns who work at the student branches. This award is a tribute to our entire staff, our volunteers, the schools, the students, and their families who make this vital educational program a success.”

Arapahoe Credit Union has received a First Place Desjardins Youth Financial Education Award. Reaching more than 7700 students through more than 233 presentations in the 2011-2012 school year alone, this is the fourth consecutive year Arapahoe Credit Union has been recognized for their national award winning Seeds for Financial Success program.

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 154 member credit unions, 3.2 million credit union members and $29 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 member credit unions through advocacy, communications, community outreach, education & training, operations, public affairs and regulatory & compliance services. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU), and CUNA Mutual Group. 

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 Award Differentiation Chart