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CUNA GAC crashers host free webinar

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MADISON, Wis. (3/19/10)--"Crashers" at the Credit Union National Association's (CUNA) Governmental Affairs Conference (GAC) will host a free webinar entitled "Rehash the Crash: They came, they saw, they Crashed the GAC." The webinar, scheduled for 1:30 p.m. ET March 30, will take an in-depth look into how the crash came about, the crashers' experience and their perspective and opinions on the future of the credit union movement. Budget restraints mean most credit union employees under age 30 have limited access to learning and networking opportunities such as last month's GAC. Crash the GAC was created as a low-cost solution to the problem. Crash participants were a diverse cross-segment of Gen Y, ranging in age from 22 to 30 and holding industry skills from the areas of marketing, lending, branch management and community outreach. "We created the crash to get younger credit union professionals more involved in the movement," said Brent Dixon, crash creator and young adult adviser for the Filene Research Institute. "Many would have never had the chance to attend CUNA GAC if it weren't for the crash. Our goal was to surround ourselves with credit union leaders and pioneers to learn, inspire and challenge us to further the credit union movement." Plans are being made for a Crash The 1, where 20 under-30 credit union professionals will go to Las Vegas July 11-14 for The 1 Credit Union Conference hosted by the Credit Union National Association and the World Council of Credit Unions. Participant and sponsor information will be available in early April. To register for the free Rehash The Crash webinar, or for more information use the links.

Washington league to offer MBL school

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FEDERAL WAY, Wash. (3/19/10)--The Washington Credit Union League is offering education to credit unions on small business lending. The Business Lending School in Federal Way, Wash., will teach credit union staff to effectively and safely underwrite business credit requests and to satisfy state and federal regulatory expectations for their business lending activities. “It’s no secret that banks have pulled back credit lines to small business since the financial collapse of 2008 and 2009,” said Washington Credit Union League President/CEO John Annaloro. “The state’s credit unions are fully capable of supporting member-owned businesses and filling the commercial lending gap left by banks.” Washington credit unions have 3.4% of the business lending market while banks control more than 96% (KNDU.com March 18). The school’s curriculum includes:
* Mastering Accounting Practices for Various Business Types; * Unraveling the Financial Statement and Tax Return, and Cash-Flow Analysis; * Analyzing Business and Personal Financial Statements; * Developing Financial Projections for Credit Worthiness Determinations; * Developing Credit Administration Policies and Procedures; and * Analyzing Commercial Real Estate Credit Requests and Reviewing Commercial Real Estate Appraisals.

Newtek offers free website for small businesses

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NEW YORK (3/19/10)--Newtek Business Services is offering free websites through the Newtek SiteCenter to support business owners who launch, upgrade or maintain their online presence. SiteCenter is a bilingual do-it-yourself Web product with more than 1,000 design schemes that allow business owners to create their own custom-built website. The center also includes e-commerce features at no extra charge. If additional features are added, such as a shopping cart application or Newtek’s NewtPay or NewtPay Pro payment systems, there are nominal charges, Newtek said. Newtek also recently partnered with Members 1st FCU, Mechanicsburg, Pa. Newtek, a CUNA Strategic Service provider, offers business services, including electronic payment processing and Web hosting.