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Cornerstone league offers 'Get Stuff Done' conference for millennials

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FARMERS BRANCH, Texas (6/19/14)--With the help of its Young Professional (YP) Advisors Initiative, Cornerstone Credit Union League will engage the credit union millennial generation through its "Get Stuff Done" (GSD) conference, Aug. 7-8 in Fort Worth, Texas.
 
The theme of the conference is "Engage."
 
The league selected 12 young credit union professionals from the region to serve as YP Advisors to help bring energy, new ideas and a fresh perspective to the movement.
 
Through its YP Advisors initiative, Cornerstone is giving up-and-coming young credit union professionals a leadership role in the movement, a voice, and a platform to create, innovate and be a catalyst for change. As one of many activities, YP Advisors will collaborate with Cornerstone on its annual "Get Stuff Done" conference agenda.
 
The conference is geared towards credit union professionals 35 and under who are tuned into the cooperative movement, passionate about the credit union philosophy of "people helping people" and have a desire to showcase the credit union difference in their communities.
 
Conference speakers include:
  • Ryan Jenkins, a millennial speaker, blogger, author, and podcaster who equips his online and offline audiences to leverage next-generation tools, trends, and talent to thrive in tomorrow's multi-generational marketplace;
  • Mollie Bell, chief engagement officer, Filene Research Group, Madison, Wis.;
  • Matt Tenney, author of "Serve to Be Great: Leadership Lessons from a Prison, a Monastery, and a Board Room"; and
  • Brent Dixon, founder of The Cooperative Trust, a grassroots network of hundreds of young people fighting for the future of socially responsible finance.

League joins Ala. Gov. for ceremonial Alabama CU Act signing

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BIRMINGHAM, Ala. (6/19/14)--The League of Southeastern Credit Unions, along with representatives from state-chartered credit unions and Sarah Moore, the new head of the Alabama Credit Union Administration, this week joined Gov. Robert Bentley for a ceremonial bill signing of the updated Alabama Credit Union Act at the state Capitol.
 
From left, Steve Swofford, president/CEO of Alabama CU, Tuscaloosa, Ala., and League of Southeastern Credit Unions board chairman; Greg McClellan, president/CEO of MAX CU, Montgomery, Ala.; Merrill Mann, president/CEO of APCO Employees CU, Birmingham, Ala.; Chris Gerety, general counsel, APCO Employees CU; Gov. Robert Bentley; Jared Ross, senior vice president, association services, LSCU; Sarah Moore, administrator, Alabama Credit Union Administration; D.G. Markwell, executive vice president marketing, MAX CU; Kim Adams, lobbyist; Jason Cochran, director of governmental affairs, Alabama, LSCU. (League of Southeastern Credit Unions photo)
Language in the new bill includes limited liability for boards and directors; new expulsion policy for members of credit unions; new penalties for fraudulent use of the term "credit union;" more protection for credit unions on accounts created by minors; and stronger liability protection to $10,000 from $5,000 on accounts of deceased members.
 
The update, which makes changes to an act that's largely been untouched since its introduction,  governs all state-chartered credit unions.

"This is the first piece of standalone credit union legislation passed by the Alabama legislature in more than 20 years," said LSCU & Affiliates president/CEO Patrick La Pine. "The updates were much needed and really align credit unions more with other financial institutions while also strengthening the Alabama Credit Union Administration."
 
The signing took place in the Old House Chamber.
 
Bentley, who had officially signed the legislation updating the Alabama Credit Union Act in April, thanked credit unions for their help in passing this important legislation (eSignal Daily June 18).
 
Credit union representatives attending the signing included:
  • Steve Swofford, president/CEO of Alabama CU, Tuscaloosa, Ala., with $640 million in assets;
  • Greg McClellan, president/CEO of MAX CU, Montgomery, Ala, with $1 million in assets;
  • Merrill Mann, president/CEO of APCO Employees CU, Birmingham, Ala, with $2.4 billion in assets;
  • Chris Gerety, general counsel, APCO Employees CU; and
  • D.G. Markwell, executive vice president of marketing, MAX CU.
Sens. Slade Blackwell (R-Mountain Brook) and Roger Bedford (D-Russellville) spearheaded the effort to pass HB 165.

CU System Briefs (06/19/2014)

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MADISON, Wis. (6/19/14)--After more than 100,000 copies were distributed to credit union members and employees last year, the National Credit Union Foundation (NCUF) announced more copies of the book "Money Rules: The Simple Path to Lifelong Security" by bestselling personal finance author Jean Chatzky are now available. The book coaches readers on how to enjoy a lifetime of financial security and how to eliminate stress over money through a set of actionable, engaging rules. After ceasing distribution earlier this year, popular demand sparked the NCUF to make more copies available--at a reduced rate. "There are credit unions clamoring for more copies of these useful handbooks to distribute in a myriad of ways to make a positive impact in their communities," Christopher Morris, NCUF director of communications, said in a press release ...
 
 
GLENDALE, Calif. (6/19/14)--Los Angeles FCU (LAFCU), in partnership with the American Red Cross, collected 23 pints of blood at the "Give Blood--Save a Life" Bloodmobile Drive June 4 at the credit union's Glendale branch. The event attracted 30 employees, members and other donors. Pints collected will assist nearly 80 Los Angeles-area patients who need blood transfusions for life-saving medical treatments. As a reward for giving blood, LAFCU gave each donor two free tickets to the Laugh Factory comedy club; a voucher for two tickets to an L.A. Galaxy soccer game; and a free Wahoo's Fish taco coupon ...
 
 
PLANO, Texas (6/19/14)--InTouch CU, Plano, Texas, with $817 million in assets, will hold a check presentation on June 26 for Cell Phones for Soldiers. The credit union has decided to go above and beyond its promise to match donations made by its membership in Texas, Nevada, Virginia and Michigan by offering a total donation of $4,000 to the nonprofit. The check will be presented to Cell Phones for Soldiers co-founder Robbie Bergquist by long-time ITCU Executive Vice President Diane Gerstner. The donation of the funds and the hundreds of cell phones donated by the ITCU membership should generate well over 2,000 hours of talk time for servicemen and women overseas ...
 
 
HANSCOM AIR FORCE BASE, Mass. (6/19/14)--Hanscom FCU, Hanscom Air Force Base, Mass., with $1 million in assets, supported the recent celebration of the base's Airman Leadership School. Airmen must complete the five-week ALS course before attaining the rank of staff sergeant, the first step toward a career as a military supervisor. Hanscom FCU is a long-standing sponsor of the school's graduation ceremonies. Joining the most recent class of graduates from the Airman Leadership School are, left, Col. Lester Weilacher, 66th Air Base Commander; Paul Marotta, Hanscom FCU chairman of the board; and, right, Raul Zauner, president of the Air Force Association, Paul Revere Chapter ...

Nifty Fifty: Brookline's Hughes to retire after five decades

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BROOKLINE, Mass. (6/19/14)--After a half-century's worth of service, Jim Hughes, president/CEO of Brookline (Mass.) Municipal CU, will retire at the end of July.
 
League President Paul Gentile, center, visits with Jim Hughes, retiring president of Brookline Municipal CU, left, and Paul J. DeMaio, newly named CEO, right. (Daily CU Scan photo)
Hughes, who took the reins of the $42 million-asset credit union in 1971, officially started his career there in 1964.
 
"We are here for the membership," said Hughes, who describes himself as a 'member guy.' "We do a lot locally. We do a lot of charitable work and we work to pay better rates on deposits and loans than banks (Daily CU Scan June 18)."
 
Brookline Municipal, which serves primarily town of Brookline employees and retired employees, as well as residents in Brookline, is in walking distance of historic Fenway Park in Boston and its vibrant surrounding neighborhoods.
 
Hughes says as the town has evolved, so has Brookline Municipal and the services it provides members.
 
"We used to have lines out the door, down the street on paydays," he said. "Now with direct deposit, ATMs, and online services, more people can use us without stopping in."
 
Hughes also has served as the chair of the Credit Union League of Massachusetts and is an advocate for the consolidation of the Massachusetts, New Hampshire and Rhode Island state credit union leagues.
 
The longtime credit union leader will be succeeded at Brookline Municipal by Paul J. DeMaio, who joined the credit union in 2000 in a back-office role, focusing on accounting and core processing. As new CEO, DeMaio says he plans to preserve the traditions Hughes will leave behind when he steps down.
 
"I'm staying the course," DeMaio said. "We will continue to be an important part of the community."

Rep. Payne calls CUs 'consumer lifeline' in NJ chapter meeting

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NEWARK, N.J. (6/19/14)--Rep. Donald Payne, Jr. (D-N.J.) this month addressed a meeting of the northern chapter of the New Jersey Credit Union League (NJCUL).
 
From left, New Jersey Credit Union League President/CEO Greg Michlig and state Rep. Donald Payne, Jr. (D-10). (New Jersey Credit Union League photo)
The newest member of New Jersey's congressional delegation discussed issues pertinent to both credit unions and the congressional committees on which he serves (The Daily Exchange June 17).
 
Payne said that he is aware of data security issues facing credit unions, as a member of the House Committee on Homeland Security. He also praised credit unions' small business lending, remarking that it's relevant to his work on the House Small Business Committee.
 
In fact, very shortly after taking office in November 2012, Rep. Payne signed on as a cosponsor of a bill to increase the credit union member business lending cap to 27.5% of assets, up from the current limit of 12.25%.  His predecessor and father, the late. Rep. Donald Payne, Sr., was recognized by the league as a staunch credit union supporter. In 2008, Payne the elder was named Credit Union Legislator of the Year by the NJCUL.
 
During his address to the group, Payne, Jr. acknowledged credit unions as a lifeline for consumers, especially those who may struggle with access to other mainstream financial services providers. He cited the importance of credit unions' small business lending efforts and their focus on the communities they serve.
 
The meeting was held at the Iberia Peninsula Restaurant in Newark, and all NJCUL member credit unions were invited to attend.

Corporate Central CU announces board election results

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MUSKEGO, Wis. (6/19/14)--Corporate Central CU, Muskego, Wis., announced the results of board elections conducted at its annual meeting in Waukesha, Wis.
 
New board members include:
  • Sally Dischler, president/CEO, Heartland CU, with $222 million in assets;
  • Greg Hilbert, president/CEO, Fox Communities CU, Appleton, Wis., with $982 million in assets; and
  • Al Zierler, president/CEO, Capital CU, Kimberly, Wis.; with $480 million in assets.
 Executive committee members include:
  • Chairman: Ronald Vogel, president/CEO, Fort Community CU, Fort Atkinson, Wis., with $199 million in assets;
  • Vice chairman: Kim Sponem, president/CEO, Summit CU, Madison, Wis. with $2 billion in assets;
  • Secretary: James Schrimpf, president/CEO, Brewery CU, Milwaukee, with $32 million in assets; and
  • Treasurer: Eric Chrisinger, Co-op CU, Black River Falls, Wis., with $262 million in assets.