- Bureau Updates TRID FAQs
- CFPB Launches Financial Education Tool for Active-Duty Servicemembers
- Register Now for June 18 Flood Insurance Webinar
- Review of RESPA’s Anti-Kickback Provision
- FCC Call-blocking Rule Includes Relief for Legitimate Callers
- RESPA’s Borrower Protections and Prohibited Practices
The 2019 Economic Forum will feature economic insights from four speakers providing attendees with a rich economic perspective to enter the annual strategic planning process. Plus! This engaging event takes place in a beautiful Arizona setting surrounded with your credit union peers while eliminating weekend travel. Click here to learn more about this year’s event.
- NCUA Issues Regulatory Alert Regarding Flood Insurance Alternatives
- CURE Offering Assistance on Chartering, Low-Income Designation
- NCUA Offers Older Americans Valuable Information on Managing, Protecting Money
- FTC Rescinding Several FCRA Model Forms
- FinCEN Announces Its Innovation Hours Program
- Elder Financial Abuse Additional Resource Update
- Compliance: 9 Questions from NCUA on CECL Preparedness
- Share Insurance Dividend Payments
- FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metropolitan Areas
- FCC Chairman Proposes Robocall Blocking by Default
- Push for Legislation Allowing Banks to Serve the Cannabis Business is Gaining Momentum
- Mitigating the Risks of Overdraft Lawsuits
- Treasury Tech Notice for Users of OFAC Site
- Bureau Proposes HMDA Rules Change
- CFPB Proposes Regulations to Implement the Fair Debt Collection Practices Act
- OFAC Publishes Compliance Framework Document
- Updated FinCEN Advisory on Widespread Public Corruption in Venezuela
We have so many wonderful leaders and future leaders in our member credit unions. A testament to this is in the energy and engagement of those who were able to attend this year’s Annual Meeting and Convention.
During AMC, we hosted a roundtable discussion for CU Execs, Managers, and Staff. This summary not only gives a great recap of the meeting, but it offers others a place to seek out ideas and leverage successes so we can all take our movement to the next level.
Tucson, AZ— May 8, 2019 – Hughes Federal Credit Union announced another year of strong growth as well as the winners of its 14thAnnual Scholarship at Hughes’ Annual Meeting on April 27. The 67thannual meeting was held at Amphitheater High School, with approximately 400 member-owners in attendance.
In 2018, Hughes Federal Credit Union experienced strong growth in assets, capital, deposits, loans and membership for the eight year in a row. Also, member savings surpassed $1 billion, an increase of $20.9 million over the previous year, and total member-ownership grew by 8.81%.
“We’re pleased to share another year of strong performance,” said Robert J. Swick, president/general manager. “The strength of the 2018 results, combined with strong member demand, helps assure high dividend rates on all interest-earning deposit accounts and the One Low Rate loan program, and enhances our Checking PLUS with Benefits Plus program.”
In other business at the annual meeting, three incumbents were reelected to the 2019 volunteer board of directors for three-year terms, including Ashesh Bhahala, Roberta Reeves and Robert Swick. Volunteer board service distinguishes credit unions from banks.
Hughes has granted $80,000 in scholarships to local high school student members since 2005. Congratulations to these deserving students who were awarded $2,000 each:
- Grace Gephart – Canyon Del Oro High School
- Ryan Hunt – Mountain View High School
- Brooke Larson – Tanque Verde High School
- Anna Raygoza – Pusch Ridge Christian Academy
- Michael Snyder – Sabino High School
About Hughes: Established in Tucson in 1952, Hughes Federal Credit Union has $1.2 billion in assets and 128,000 members. Hughes is rated number one by Forbes in their inaugural best-in-state bank and credit union ranking and has a “Superior” 5-Star Bauer Financial rating. It 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/HughesFCUand Twitter.com/HughesFCU.
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Kellie Terhune Neely
Political advocacy is one of the most important things that we do as a movement. Our credit unions, and their staffs understand the critical value of being involved both politically and financially. During our Annual Meeting and Convention, the Government Affairs team had the opportunity to recognize those credit unions, Legislative and Political Coordinators, and Boards of Directors & Chapters who make our political advocacy efforts possible.
We congratulate and thank:
Our 2018 Advocacy Teams of the Year – (not pictured)
Arizona – TruWest Credit Union
Colorado – Elevations Credit Union
Wyoming – Atlantic City Federal Credit Union
2018 Legislative and Political Coordinators of the Year
The following member credit unions and chapters for attaining 100% Board participation in our CULAC fundraising efforts.
Rocky Mountain Chapter of Credit Unions (not pictured)
Pueblo Chapter of Credit Unions (not pictured)
Congratulations to you all.
Member CU Community Choice is having this great event May 30. Join the fun.
If your CU has an event that you’d like to let our members know about, send it our way!
- Mark Valente Appointed as Commissioner of DFS
- CUNA Provides First Quarter 2019 Update to the Credit Card MLA Fee Comparison Spreadsheet
- Bureau Updates CIDs Policy
- CFPB Updates Prepaid Small Entity Compliance Guide
- Interagency Update on Private Flood Insurance Rule
- CFPB Issues RFI Regarding Remittance Rule