New Training! Credit Score Disclosure Requirements Under the Dodd-Frank Act

Effective July 21, 2011, there are new notices that creditors must give to consumers if a credit score is used when taking adverse action against the consumer.  This relates to both the risk-based pricing notice under the Fair Credit Reporting Act (Regulation V) and the adverse action notice under the Equal Credit Opportunity Act (Regulation B). If you have bills in collection and its effecting your credit score then use these pay-for-delete templates to help you come up with a payment plan.

Among other things, the Dodd-Frank Act requires disclosure of the following effective July 21, 2011:

    1. numerical credit score used by the creditor in making the credit decision;
    2. range of possible scores under the model used by the creditor;
    3. key factors that adversely affected the credit score of the consumer;
    4. date on which the credit score was created; and
    5. name of the entity that provided the credit score.

Want to learn more?  Visit
We also have a 90-minute webinar: Credit Score Disclosure Requirements under the Dodd-Frank Act: Including Risk-Based Pricing & Adverse Action Notices now available to order.  This program will explain the new notice requirements that become effective on July 21, 2011, and will review the new model notice forms contained in Regulations B and V.  For full course description, or to order, contact Shay Thompson at .

ERM and ALLL White Papers Available

The Colorado Credit Union Working Group – a group of seven credit unions in the state of Colorado – has produced two white papers to assist credit union colleagues in the areas of Enterprise Risk Management (ERM) and Allowance for Loan and Lease Losses (ALLL).

A successful Enterprise Risk Management (ERM) process can help credit unions meet many challenges and uncertainties head-on by providing a framework within which managers can explicitly consider how the organization’s risk exposures are changing, determine the amount of risk they are willing to accept, and ensure that they have the appropriate risk controls in place to limit risk to predefined tolerance levels.  The Enterprise Risk Management White Paper was designed to educate and provide guidance to credit unions as they evaluate options and opportunities to develop their own ERM approach and build their own value.

Changing economic conditions require credit unions to understand and utilize all appropriate resources to manage loan portfolios, assist members, and accurately estimate and fund the Allowance for Loan and Lease Losses.  The Allowance for Loan and Lease Losses White Paper focuses on best practices in ALLL funding, in accordance with the NCUA requirements and Generally Accepted Accounting Principles (GAAP).  It examines the key elements of ALLL methodology, as well as important qualitative and environmental factors, internal controls and collection practices.  It is designed to educate and provide guidance to credit unions as they look to adequately measure and account for losses in their loan portfolio — regardless of asset size.

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News Releases

Credit unions may submit a news release to be published online by sending it to Patti Hazlett or Tim Dore. 

08.05.2014 100 Million Memberships Reached at Credit Unions Nationwide

08.05.2014 Reliant Federal Credit Union Hosts Color Me Hungry 5K Run/walk to Benefit The King’s Portion

07.10.2014 – Longtime SSFCU Branch Manager Retires

07.10.2014 – Security Service Federal Credit Union Receives Best Practice Recognition from Credit Union Direct

07.09.2014 – Premier Members Credit Union Names New Cheif Retail Officer

07.09.2014 –  Denver Community Credit Union iAwarded 5 Stars in’s Safe & Sound®Ratings Service for Q1 2014

06.30.2014 – Ent Becomes Second Organiztaion in Southern Colorado Recognized with March of Dimes Seal of Approval

06.26.2014 – First Credit Union Celebrates 85th Anniversary with New Logo, 85 Chances to Get $85 Promotion 

06.20.2014 – Arizona Central Credit Union Launches Monkey Money Website for Kids

06.19.2014 – Ent Federal Credit Union CEO to Retire, Board Names Successor

06.19.2014 – Local Credit Union Recognized as a Certified Green Business

06.12.2014 – Sooper Credit Union Sponsors Biz Kid$ Box Sets for CMN Hospitals

06.11.2014 – Meridian Trust Announces New Board Member

06.02.2014 – Aventa Credit Union Announces New Business Relations Manager and Corporate Trainer 

05.29.2014 – Meridian Trust FCU Awards $2,000 in College Scholarships

05.27.2014 – Colorado Credit Union Sponsors Event Benefiting “The Captain Jason Dahl Scholarship Fund”

05.23.2014 – Trona Valley Federal Credit Union’s Gibson Earns Professional Certification

05.20.2014 – Metrum Community Credit Union CEO Celebrates 25th Anniversary

05.19.2014 – Ent Announces $500 Mortgage Closing Guarantee

05.09.2014 – Colorado Credit Union Announces Acquisition

05.07.2014 – Mountain West Credit Union Foundation Names 2014-2015 Board Officers

05.06.2014 – Security Service Federal Credit Union Names 2014-2015 Board of Directors

05.06.2014 – SSFCU Named Skillsoft 2014 Innovation Award Winner


05.02.2014 – Mountain West Credit Union Association Announces New Board Officers

05.01.2014 – Columbine Federal Credit Union Debuts Dramatic New Logo

04.29.2014 – Robert Gonzales Elected President of the Denver Chapter of the Mountain West CU Association

04.23.2014 – Aventa Credit Union Promotes Internal Talent to VP of Corporate Communications and Marketing

04.23.2014 – Aventa Credit Union Promotes Internal Talent to VP of Human Resources and Development

04.23.2014 – Meridian Trust FCU to Hold Annual Meeting May 29th  

04.22.2014 – Mountain West Credit Union Association To Release Annual Report

04.21.2014 – Ent Voted “Best Bank” and “Best Mortgage Company”
04.16.2014 – Ent Awards 2014 Youth Endowment Series Grants

04.01.2014 – Arizona Central Credit Union Makes Award-Winning Financial Literacy Program Free for Local Classrooms

03.28.2014 – Sooper Credit Union Shows Strong Commitment to Regis University, Porter-Billups Leadership Academy

03.25.2014 – Columbine Federal Credit Union Wins First Place CAMEO Award 

03.14.2014 – Ent Employee Recognized with Business Award

02.27.2014 – Boulder Valley Credit Union Hires New Estes Park Branch Manager

09.12.2013 – TempeSchools Credit Union adopts new name -Landings Credit Union

09.10.2013 – Ent Presents Car to “Swipe Your Way To A New Car” Winner

08.06.2013 – Credit Union Community Doubles Education and Leadership Development Assistance

07.11.2013 – Sooper credit union announces groundbreaking of new Arvada branch

06.26.2013 – Arizona State Credit Union Displays All 27 Versions of American Flag in Honor of Independence Day

06.26.2013 – Arizona State Credit Union’s Shred-a-Thon Makes Final Stop in Flagstaff

06.24.2013 – Ent’s Pueblo Service Centers Participate in Relay for Life

06.19.2013 – Ent Raises More Than $38,000 for Pikes Peak Habitat for Humanity

05.29.2013 – SunCorp’s 2013 Annual Meeting Results

05.24.2013 – Mountain West Credit Union Foundation Award’s $5,000 to Local Inspiration 

05.10.2013 – Ent Awards 2013 Youth Endowment Series Grants to 18 Pikes Peak Region Agencies

04.17.2013 – What’s Next: Mountain West Credit Union Association Second Annual Meeting

04.44.2013 – Boulder Valley Credit Union Receives Best in Category Marketing Award

04.04.2013 – Arizona State Credit Union Honored With Three CUNA Diamond Awards

03.05.2013 – Credit Union Exceeds Community Giving Goals

01.03.2013 – G. Vernon Babilon Named President of Tucson Old Pueblo Credit Union

01.02.2013 – AEA Federal Credit Union Announces Charity Finalists for GO Direct Initiative $10,000 Donation

12.27.2012 – Ent Opens Applications for 2013 Pueblo YES Grant Program

12.20.2012 – Ent FCU Recognized as “Gold Fit-Friendly Worksite”

12.10.2012 – Ent FCU Business Banker Named Ambassador of the Year

12.07.2012 – Ball Corporation Affiliates with BVCU

12.11.2012 – Ent raises more than $168,000 for Pikes Peak and Pueblo United Way

12.10.2012 – Ent FCU Business Banker Named Ambassador of the Year

12.03.2012 – BVCU Adds New Boulder Branch Location

11.30.2012 – Bellco Teams with City of Denver for Colorado Convention Center Sponsorship

11.27.2012 – Arizona Central Credit Union Raises $50,000 for Kids

11.14.2012 – Credit Union Announces New Charity Event

11.05.2012 – Arizona Credit Unions Raise $5000 for Local Children’s Miracle Network Hospitals

10.16.2012 – The Mountain West Credit Union Foundation Presents Six Prestigious Awards at Annual Gala

10.03.2012 – Arizona State Credit Union Awards $37,000 in Local Student Grants

10.02.2012 – Aurora Schools Federal Credit Union is Recognized as Outstanding Community Leader

10.01.2012 – Bellco and Mile High United Way Partner on 39th Annaul Thanksgiving Day Turkey Trot

09.14.2012 – Arizona, Colorado & Wyoming Credit Unions Enter International Partnership

09.10.2012 – AEA Federal Credit Union Announces $200,000 GO Direct Initiative 
Benefiting Members and Community

08.22.2012 – Arizona Credit Unions Awarded For Social Responsibility, Philosophy in Action and Financial Literacy
08.22.2012 – Colorado Credit Unions Awarded For Social Responsibility, Philosophy in Action and Financial Literacy

08.22.2012 – Boulder Valley Credit Union Announces Complete Online eBranch as part of New Website Launch


08.20.2012 – SunCorp Staff Helps School Affected by Wild Fires

08.08.2012 – Credit Union and its Members Raise $5000 for High Park

07.13.2012 – Two Credit Union Memebers Win Scholarships

07.02.2012 – Boulder Valley Credit Union Donates to the Relief Effort for Fire Victims in Colorado

06.16.2012 – American Red Cross Northern Colorado Chapter Accepts Donation

06.15.2012 – Ent Raises More Than $42,700 for American Heart Association

06.11.2012 – Boulder Valley Credit Union Awards &7,500 in Scholarship Money

06.08.2012 – Foundation Awards Young Professional Scholarship

06.08.2012 – ENT Enhances Mobile Banking App

05.21.2012 – A [R]EVOLUTIONARY First Annual Meeting

05.15.2012 – Three State Foundation Merger

04.09.2012 – Financial Fitness Fair Offers Valuable Tips in Tucson

03.28.2012 – Association CEO Receives Industry Accolades

03.07.2012 – First Credit Union Awards College Scholarships

03.06.2012 – Boulder Valley Credit Union Receives National Lifetime Achievement Award
03.01.2012 – Indirect Lender of the Year

03.01.2012 – First Credit Union Offers FREE Tax Preparation Assistance

02.23.2012 – NeighborBench and Mountain West Credit Union Association Partner to Help More Credit Unions Address Compliance Challenges

02.15.2012 – Arizona Central Credit Union Named Top 5 Fundraiser for Kids

02.09.2012 – Mountain West Credit Union Association Introduces Strategic Partners: a Reinvented Service Corporation

02.09.2012 – Children’s Miracle Network kicked off 2012 with Credit Unions for Kids at Phoenix Children’s Hospital with One Darn Cool School   (download the pdf)

01.07.2012 – Credit Union Connects Local Residents With Employment Opportunities

01.06.2012 – Award Winning Financial Education

01.03.2012 – Local Credit Union Receives National Award for Fraud Prevention Awareness

09.08.2011 – Credit Union Finds New Way of Giving Back

07.05.2011 – Mountain West Credit Union Association Launches New Brand & Website

07.05.2011 – Introducing the Mountain West Credit Union Association

03.25.2011 – AZ, CO & WY Vote in Favor of Three-Way

11.08.2010 – AZ, CO & WY Sign Letter of Intent to Merge