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

Media Contact:
Joy Audet  
602.688.4569

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

PHOENIX – August 15, 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:

 Arizona Award Recipients

Dora Maxwell:               $200- $500 million asset category
(First Place) First Credit Union

(Second Place) Pima Federal Credit Union

$500 million – 1 billion asset category 
(First Place) TruWest Credit Union 

$1 billion + asset category
(First Place) Desert Schools Credit Union
 

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

1 billion+ asset category
(First Place) Desert Schools Federal Credit Union

 Desjardins (youth):     $500 million+ asset category
(First Place) Desert Schools Credit Union

$150 – 500 million asset category
(First Place) Pima Federal Credit Union

 Desjardins (adult):        $500 million+ asset category
(First Place) Desert Schools 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 and Adult Financial Education Awards recognizes leadership within the credit union movement on behalf of teaching and maintaining financial skills for life.

Among heavy competition in all categories, Desert Schools Federal Credit Union received First Place recognition in all categories. The results of Desert School’s word-of-mouth efforts reached more than 15,441 students up to grade twelve and 207 adults in the community were most notable.

“At Desert Schools we believe in giving back,” said Susan Frank, President/CEO of Desert Schools Federal Credit Union.” She continued, “with so many opportunities to be involved in our community and support organizations coming together for all different causes which touch lives and have a positive impact on those in need, it’s an honor for us to be recognized for our outreach efforts.  The Desert Schools team is passionate about our community and it’s exciting to see the difference we make when we all work hard together.”

TruWest Credit Union, receiving a First Place Dora Maxwell Award for their annual diaper drive supporting St. Mary’s Food Bank Alliance. Annually, for one month each year, TruWest Credit Union reaches out to employees and members to collect diapers, hygiene products and other uncommon necessities. This year, TruWest Credit Union collected over 10,800 diapers to assist families in the community struggling to provide basic essentials.

Dan Desmond, President/CEO of TruWest Credit Union said, “TruWest Credit Union takes pride in serving our community and is honored to receive the Dora Maxwell Award. People Helping People is more than a slogan at TruWest, our staff and volunteers work to live it every day.”

Pima Federal Credit Union has received a First Place Desjardin Youth Financial Literacy Award and a Second Place Dora Maxwell Award. Pima Federal Credit Union has been recognized for its distinctive and practical youth financial literacy curriculum, focusing on age specific features, rewards and goals.  The in-house curriculum was developed by their IMPACT (Individuals Making Pima A Community Tool) team. 

Nathanael Tarwasokono, CEO of Pima Federal, stated “We are honored and humbled to be presented with these awards.  Community-giving and financial literacy are our responsibilities, and we are privileged by the opportunity to give back to the community.”

First Credit Union has earned a First Place Dora Maxwell Award and a Second Place Louise Herring Award. First Credit Union’s partnership with the local elementary school, Aguilar Elementary School, and their Homework Scholarship Program has been recognized for it’s unique way to provide students with a desire to succeed in school with opportunities and rewards while learning financial skills.

“Most public schools today have limited and ever-shrinking budgets for anything other than “regular curriculum,” Said Jay Curtis, President/CEO of First Credit Union. He continued, “Working with Aguilar Elementary to provide more for these children and encouraging them to do their best has made a difference for the school and the community that we serve. Our homework scholarship program is just one of the many ways First Credit Union truly lives the credit union philosophy of People Helping People.”

All Arizona regional awards will be presented at the Annual International Credit Union Day Celebration events hosted by the Valley of the Sun Chapter of Credit Unions in Phoenix, AZ on October 17, 2012 and the Southern Arizona Chapter of Credit Unions in Tucson, AZ on October 18, 2012.

All entries receiving a First Place award are entered into Credit Union National Association’s nation-wide competition. National award recipients will be announced during the 2013 Governmental Affairs Conference February 24-28, 2013 in Washington D.C.

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

Preparing Your Credit Union’s Health Care Reform Strategy: Effective January 1, 2013

We have added a new “hot topic” webinar on August 30th, “Preparing Your Credit Union’s Health Care Reform Strategy: Effective January 1, 2013.” The Health Care Reform legislation passed in March 2010 is over two years old. However, many questions still remain and the legislation’s impact on many businesses remains unknown. The recent U.S. Supreme Court ruling upholding this law indicates it would be prudent to plan now in order to be ready for many of the major provisions, which are effective January 1, 2013. This webinar will provide insights into this massive legislation and the changes since it was originally signed into law in 2010. The legislation impacts each business differently, so it is vital that financial institutions and management understand the key aspects and how they should be approached to ensure both compliance and efficiency for your credit union.

Visit Preparing Your Credit Union’s Health Care Reform Strategy: Effective January 1, 2013 to register or learn more about this upcoming program.

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

FOR IMMEDIATE RELEASE

Contact:
Steve Carr
303-415-3504
scarr@bvcu.org

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

Boulder, CO, Monday July 2, 2012—Boulder Valley Credit Union has donated $2,500 to CUAid, a disaster relief system through the National Credit Union Foundation (NCUF) to raise money for credit union families affected by disasters. BVCU’s funds will specifically assist in the relief efforts for the many credit union victims and families of the dozen plus wildfires in Colorado, including Boulder and Larimer Counties, as well as the High Park fire in the Fort Collins area and the Waldo Canyon fire in Colorado Springs, which are the two largest and destructive wildfires at this time.

NCUF is coordinating efforts with the Mountain West Credit Union Association of Colorado, to channel collected donations to effectively distribute funds to the credit union employees, members, and their families in the affected areas. 100% of donated funds collected through CUAid – every cent of every dollar – goes to wildfire disaster relief for credit union families in Colorado.

The High Park Fire, which has been burning since June 9, 2012 is the second largest fire and the second most destructive fire in Colorado history on record. The Waldo Canyon fire is now the most destructive fire in Colorado history which has already taken 346 homes. “With this magnitude of devastation, impact and emotional toll on families, and displacement in our Colorado Communities, Boulder Valley Credit Union is inspired to be a part of our community’s assistance programs in light of this implausible event,” said Rick Allen, President/CEO of Boulder Valley Credit Union.

Since 1959, Boulder Valley Credit Union has been committed to our deep-rooted philosophy of People Helping People. We have always been there to help out when our community is in need and our friends need help. Our prayers go out to all of the victims of these wildfires.
For more information or to make a donation, please visit www.CUAid.coop.

About Boulder Valley Credit Union:
Boulder Valley Credit Union is a member-owned, not-for-profit, eco-conscious financial cooperative. BVCU was founded in 1959 to serve the employees of the Boulder Valley School District. With its deep-rooted philosophy of People Helping People, today, its diversified membership includes employees and members from over 400 groups in Boulder County and the Estes Park communities. BVCU is committed to helping its members achieve their financial goals by offering better rates on savings and loans, lower fees, and professional, impartial consumer information. BVCU manages over $247 million in assets from over 19,000 members. BVCU provides services to its members through the largest national network of over 4,500 CU Service Centers, over 28,000 CO-OP ATMs, a call center, and a website:  www.bvcu.org.

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Volunteer Training: Utilizing Financial Information to Identify Risk

With the NCUA’s 2012 supervisory focus being on closely monitoring and supervising emerging risks in lending and investment trends, we want to ensure credit union board members have access to high quality education in that topic area. In August and September we will be offering board member training on Financial Statement and Ratios: Utilizing Financial Information to Identify Risk in eight locations throughout Arizona, Colorado and Wyoming. This training will help participants gain a better understanding of how to read and understand the balance sheet, income statement and financial ratios, as well as learn how to properly analyze the information to detect and monitor emerging risks within the credit union. 

Select the location below to register, or for additional details.  All classes are held from 4:30 – 7:00 p.m. (local time). 

August 28, 2012: Denver, CO & Rock Springs, WY
August 29, 2012: Laramie, WY & Pueblo, CO
September 11, 2012: Casper, WY
September 12, 2012: Cheyenne, WY
September 25, 2012: Phoenix, AZ
September 26, 2012: Tucson, AZ

Cost is $79/person and includes course instruction, materials, and a light dinner.  A Multiple Credit Union Attendee Discount is offered when sending more than one person from your credit union.

CUAid Activated for CUs Affected by Colorado Wildfires


 

 CUAid Activated for CUs Affected by Colorado Wildfires  
Donate Now @ cuaid.coop
Cuaid.coop is the first national online giving center for credit unions. All cuaid.coop contributions are directed to the National Credit Union Foundation Disaster Relief Fund. Credit union organizations are encouraged to link to cuaid.coop to offer employees and members a donation option to help fellow credit union employees and members in the disaster area

More information and FAQs about CUAid


ncuflogo





CUAid – Colorado Wildfires

 Grant Applications

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colorado wildfirescuaid

    Credit: Denver Post        

The National Credit Union Foundation has activated the online disaster relief system CUAid.coop to raise money for credit union people affected by the wildfires in Colorado.

As donations are posted through CUAid.coop, NCUF will coordinate with the Mountain West Credit Union Association to distribute money efficiently to credit union employees and members in the affected areas.
 
READ THE FULL STORY >

 

Credit Union Chapters

chapters
 
az Arizona
  North Central Chapter
 
  • Total Credit Unions: 6
  • Members: 19,544
  • Shares: 93,635,057
  • Loans: 53,036,417
  • Assets: 104,846,122
  Southern Arizona Chapter
 
  • Total Credit Unions:15
  • Members: 334,787
  • Shares: 2,503,909,886
  • Loans: 1,873,085,938
  • Assets: 2,283,844,562
  Valley of the Sun Chapter
 
  • Total Credit Unions: 24
  • Members: 998,860
  • Shares: 7,760,324,826
  • Loans: 4,597,368,256
  • Assets: 8,678,413,137
  Yuma Chapter
 
  • Total Credit Unions: 1
  • Members 41,950
  • Shares: 218,272,816
  • Loans: 186,493,594
  • Assets: 230,576,672

co Colorado
  Denver Area Chapter
 
  • Total Credit Unions: 38
  • Members: 786,188
  • Shares: 6,960,341,970
  • Loans: 4,816,341,970
  • Assets: 8,018,963,385
  High Plains Chapter
 
  • Total Credit Unions: 5
  • Members: 13,172
  • Shares: 127,025,536
  • Loans: 63,623,528
  • Assets: 146,072,494
  Pikes Peak Chapter
 
  • Total Credit Unions: 4
  • Members: 238,877
  • Shares: 2,988,385,534
  • Loans: 2,049,206,490
  • Assets: 3,637,854,473
  Pueblo Chapter
 
  • Total Credit Unions: 5
  • Members: 51,645
  • Shares: 345,540,579
  • Loans: 202,922,700
  • Assets: 388,456,054
  Rocky Mountain Chapter
 
  • Total Credit Unions: 8
  • Members: 180,940
  • Shares: 1,839,890,023
  • Loans: 1,201,708,048
  • Assets: 2,081,544,200
  San Luis Valley Chapter
 
  • Total Credit Unions: 3
  • Members: 6,524
  • Shares: 32,434,837
  • Loans: 27,910,583
  • Assets: 41,117,566
  Western Colorado Chapter
 
  • Total Credit Unions: 4
  • Members: 19,946
  • Shares: 131,778,604
  • Loans: 77,306,231
  • Assets: 147,392,760
  Wild Goose Chapter
 
  • Total Credit Unions:
  • Members: 10,565
  • Shares: 62,364,647
  • Loans: 46,740,811
  • Assets: 71,108,276

wy Wyoming
  Cheyenne Chapter
 
  • Total Credit Unions: 6
  • Members: 85,127
  • Shares: 819,634,857
  • Loans: 612,054,849
  • Assets: 913,788,228
 

Cloud’s Peak Chapter

 
  • Total Credit Unions: 2
  • Members: 14,909
  • Shares: 86,579,492
  • Loans: 4,063,262
  • Assets: 95,859,644
 

Fremont County Chapter

 
  • Total Credit Unions: 1
  • Members: 10,477
  • Shares: 84,921,663
  • Loans: 58,029,905
  • Assets: 96,012,611
  Hart Mountain Chapter
 
  • Total Credit Unions: 3
  • Members: 12,564
  • Shares: 85,572,991
  • Loans: 5,911,139
  • Assets: 96,472,158
  Pioneer Chapter
 
  • Total Credit Unions: 3
  • Members: 16,740
  • Shares: 15,526,121
  • Loans: 84,177,276
  • Assets: 127,637,758
  Snowy Range Chapter
 
  • Total Credit Unions: 2
  • Members: 21,381
  • Shares: 225,016,139
  • Loans: 134,674,202
  • Assets: 253,350,397
  Southwestern Chapter
 
  • Total Credit Unions: 4
  • Members: 25,550
  • Shares: 165,913,508
  • Loans: 130,216,713
  • Assets: 184,241,190

Upcoming NYIB Conference

Three Reasons to Attend the Upcoming National Youth Involvement Board’s Annual Conference:

  1. Award Ceremony / Cajun Dinner at Mulate’s / NYIB Regional Mtgs and Elections / NYIB Annual Mtg and Election 
  2. The BEST networking around for credit union financial educators and youth marketers.
  3. Got Youth?  Learn how to UP YOUR YOUTH at your Credit Union! 

 

Boulder Valley Credit Union Awards $7,500 in Scholarship Money

Contact:
Steve Carr
303-415-3504
scarr@bvcu.org
 

Boulder Valley Credit Union Awards $7,500 in Scholarship Money to Six Accomplished High School Seniors

 

BOULDER, CO – May 22, 2012 – Boulder Valley Credit Union and its Board of Directors are proud to announce that six outstanding high school seniors were awarded $7,500: including one $2,500 and five $1,000 College Scholarship for the 2011-2012 academic year.

Rachel Smith from Broomfield High School was the $2,500 scholarship recipient, and Kyle Hawkins from Boulder High, Faith Weibel from Estes Park High School, Mitch Lemon and Ryan Renbarger from Monarch High School, and Molly Kostoff from Peak to Peak High School, each received $1,000 scholarships. They were selected based on their exemplary academic achievement, participation in extracurricular activities, their passion for continuing education, and their commitment to community involvement.

Boulder Valley Credit Union initiated its Annual College Scholarship program to recognize exceptional high school graduates. “We were extremely impressed with the quality and number of applications we received,” stated Jason Bauer, VP Marketing and E-Commerce with Boulder Valley Credit Union. “We believe that what students learn inside and outside of the classroom are equally important. Therefore, in addition to reviewing their academic achievements, we also judged applications based on the demonstration of a diverse blend of volunteer efforts, extracurricular activities, and work experience.”

Boulder Valley Credit Union was pleased to see the accomplishments of so many applicants. Each scholarship winner was merited for their hard work, and their scholarship awards are a symbol of their commitment to continued education. BVCU will continue to build brighter futures through education in our communities. 

Graduating seniors who are interested in applying for Boulder Valley Credit Union’s scholarship in 2013 are encouraged to visit www.bvcu.org/BVCU_scholarship.htm. Application criteria and deadlines are provided in January 2013, or call 303-415-3504 if you have any further questions.

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 bvcuscholarship2012

BVCU 2012 scholarship recipients (L-R): Faith Weibel (Estes Park High School )plans to study Physical Therapy, Molly Kostoff (Peak to Peak High School) plans to study Arts and Science, Mitch Lemon (Monarch High School) plans to study Marine Science, Kyle Hawkins (Boulder High School) plans to study Engineering, Rachel Smith (Broomfield High School) will be joining the US Merchant Marine Academy, and Ryan Renbarger (Monarch High School) plans to study Aerospace Engineering.

2012 WYCUP Recipient is Chosen

 

Arizona Credit Union Foundation Awards Young Professional Scholarship to Attend the World Council Event in Gdansk, Poland miriamlimoncomp


(Phoenix) – June 8, 2012 – The Mountain West Credit Union Association, the trade association for Arizona, Colorado and Wyoming’s credit unions, announced Miriam Limon, Communications Specialist with AEA Federal Credit Union as this year’s recipient of their Foundation’s annual Gary L. Plank World Council of Credit Union’s (WOCCU) Young Credit Union Professionals Program Scholarship (WYCUP).

The WYCUP is a scholarship program designed to promote credit union professionals under the age of 35 years old. As Arizona’s 2012 WYCUP representative, Miriam has also been automatically nominated for one of five scholarships WOCCU will award to attend the 2013 World Credit Union Conference in Ottawa, Canada.

The scholarship is given to individuals that have made a significant impact locally, regionally or nationally in the credit union movement. Thomas Martin, President/CEO of AEA Federal Credit Union feels that Miriam is a “Rare find. Her impassioned commitment to the fundamental credit union purpose of people helping people extends far beyond her role as Communications Specialist at AEA Federal Credit Union in Yuma, Arizona.”

Ms. Limon will attend the 2012 World Credit Union Conference LET’S GDANSK, from July 15-18, 2012 at the Polish Baltic Philharmonic Hall in Gdnask, Poland.

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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Webinar: Implementing the Final NCUA Rule on Interest-Rate Risk: Effective September 30, 2012

New NCUA rules for interest-rate risk (IRR) will become effective September 30, 2012. The purpose of this webinar is to cover the details of the new rules, and more importantly, provide a methodology for implementation. Management and the board of directors will learn the necessary information to oversee all the regulatory requirements for an effective asset liability management (ALM) program. The new regulation, asset/liability theory including measurement, ratios, and normal risk parameters will be addressed. In addition, this session will also explain the practical implementation of these theories in an understandable manner that will improve your interest-rate risk and profitability.

Available Now! Click here for details.

Please Note: The rule applies to all federally-insured credit unions with assets of more than $50 million. Those institutions with assets of between $10 million and $50 million must comply if the total of first mortgage loans they hold, combined with total investments with maturities greater than five years, is greater than 100% of their net worth.