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


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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.

2012 Mountain Regional Credit Union Roundtable

The 28th Annual Mountain Regional Credit Union Roundtable will take place July 10-12, 2012 at the Shore Lodge in McCall, Idaho. Hosted by the Idaho Credit Union League with joint sponsors Mountain West Credit Union Association and Montana Credit Union Network, this year’s program was developed for senior credit union management and board members focusing on current credit union issues to be addressed by a lineup of exceptional speakers.

Presenters include Bill Hampel, Chief Economist of CUNA, George Hoffheimer, Chief Research and Innovation Officer of the Filene Research Institute, and Louis Hernandez, Jr. Chairman and CEO of Open Solutions, Inc., and author of Saving the American Dream.   Guest room reservation deadline at the Shore Lodge is June 1st and conference registration must be received by June 15th.  Download the conference packet for additional details. 

A [R]EVOLUTIONARY First Annual Meeting

 

 

Media Contact:
Joy Audet
602-371-2203

 

A [R]EVOLUTIONARY First Annual Meeting and Convention for the Mountain West Credit Union Association

Denver (5/16/2012) –The Mountain West Credit Union Association held its 2012 annual convention at the Broadmoor Hotel and Resort in Colorado Springs, CO May 9-12, 2012, which brought out over 400 people to participate in the convention, educational sessions and honor the Associations’ award recipients and newly elected board members. The Associations’ annual convention was themed [R]EVOLUTION to honor the exciting changes in advancing both credit union and consumer behavior.

The event featured keynote speakers such as, Dr. Donal Ratajczak, Ph.D., one of the country’s leading economic forecasters, Todd Bucholz, Author of Rush and New Ideas from Dead Economists, and Morton Kondracke, a journalist covering American politics and foreign policy in Washington D.C. for more than 40 years. Attendees were entertained in the evening by The Silhouettes, a professional children’s dance troupe featured on America’s Got Talent.  

The Mountain West Credit Union Association presented two prestigious awards. The Volunteer of the Year award was presented to Jim Bender from Boulder Valley Credit Union for noble service, and credit union spirit through dedication to and belief in the credit union movement.  

Also recognized was the 2012 Professional of the Year, Margaret Hunnicutt, president/CEO of Tempe Schools Credit Union. The professional of the year award recognizes an individual whose leadership and accomplishments have made significant contributions to their credit union, the credit union movement and the communities they serve.

Also making an appearance as part of the young professional program were a group known as Crashers. Sponsored by Cooperative Trust, CUNA Mutual, Strategic Partners and the AYIN, twelve young professionals participated in the event and attended extra mentor sessions lead by Mike Williams, president/CEO of Colorado Credit Union and chairman of the Association board as well as Jeff Russell, senior advisor at The Members Group (TMG), and Bob Hoel, who is a Filene Research Institute senior scholar as well as a member of the board of directors of the Mountain West Credit Union Foundation. 

President/CEO of the Mountain West Credit Union Association, Scott Earl said, “The event was a great success!” He continued, “It was exciting to see so many members come together to celebrate each other and so many of the year’s great accomplishments.”

Newly elected members of the Mountain West Credit Union association board of directors include,

 

Mike   Williams (chairman)

Colorado   Credit Union

Robert   Ramirez (vice-chair)

Vantage   West Credit Union

Jim   Yates (secretary)

First   Education Federal Credit Union

Susan   Frank (treasurer)

Desert   Schools Federal Credit Union

Keith   Cowling

Credit   Union of Denver

Dan   Desmond

TruWest   Credit Union

Steve   Higginson

Reliant   Federal Credit Union

Walt   Marx

College   Credit Union

Dave   Maus

Public   Service Credit Union

Colleen   Miller

Southwest   Healthcare Credit Union

Sundie   Seefried

Partner   Colorado Credit Union

 

Finally, the Mountain West Credit Union Association announced that the board of directors from the Arizona, Colorado, and Wyoming Foundations, approved a proposed merger of the three state foundations. The newly merged Mountain West Credit Union Foundation is the first tri-state credit union foundation in the country. More information regarding the new Foundation can be found here

Mike Williams, chairman of the board of directors with Mountain West Credit Union Association said “All in all the conference was exceptional.”   He continued, “There was an undeniable buzz and air of excitement all around 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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Click the thumbnails to enlarge the images

mwcua12 awardwinners-001 L-R: Mike Williams, chairman of Mountain West Credit Union Association; Jim Bender (award recipient), Boulder Valley Credit Union; Steve Higginson, Reliant Federal Credit Union; Dan Desmond, TruWest Credit Union
mwcua12 awardwinners-002 L-R: Mike Williams, chairman of  Mountain West Credit Union Association; Margaret Hunnicutt (award recipient), Tempe Schools Credit Union; Dan Desmond, TruWest Credit Union; Steve Higginson, Reliant Federal Credit Union
mwcua12 awardwinners-003cu4kids L-R: Pat Bodnar, Mountain West Credit Union Association; Sundie Seedfried, Partner Colorado Credit Union