The National Credit Union Administration's regulatory modernization efforts, credit union industry performance and emerging credit union system risks will be among the topics discussed when agency Chairman Debbie Matz hosts a free town hall webinar on Thursday, July 18.
"Effective regulation requires an ongoing, two-way dialogue and the sharing of important information. There will be a lot to discuss, and I'm looking forward to a lively, interesting dialogue," Matz said.
The webinar is scheduled to begin at 2 p.m. Other webinar topics include:
- NCUA's proposed rule on derivatives;
- Low-income credit unions;
- Emergency liquidity and the Central Liquidity Facility; and
- Guidance on credit ratings and risk management.
Webinar questions can be emailed in advance to the NCUA. The subject line of the email should read, "NCUA Town Hall." To register for this webinar, click here.
Credit unions can contribute to the Minnesota Credit Union Foundation (MnCUF) by investing in the National Credit Union Foundation's (NCUF's) Community Investment Fund (CIF). Established in 1999, the CIF allows investing credit unions to receive 50 percent of the return, and the remaining 50 percent is split evenly between the MnCUF and the NCUF.
The CIF provides a unique vehicle to support financial education, professional development, community outreach and emergency assistance, not only in Minnesota, but across the country as well.
For more information on how the CIF works, please visit the NCUF website or watch the video below!
With questions about the Community Investment Fund, please use the contact information included below or call NCUF Director of Resource Development & Donor Relations Josie Collins at (800) 356-9655, ext. 4397.
National Cooperative Bank (NCB)
NCB is the bank to the cooperative community. NCB has a variety of products and terms which are fully insured up to $250,000, including CDs with terms of six-months, 12-months, 18-months, two years, three years, and a liquid money market deposit account – all at competitive rates of interest. Credit unions can choose the amount of earned interest to donate, anywhere from 50 to 100 percent. A minimum investment of $10,000 is required for this CIF option, and there is no requirement to purchase stock. The renewal for these products is automatic unless credit unions select otherwise. Click here for more information and/or to invest in CIF with NCB.
Alloya Corporate Federal Credit Union
Capitalized members of Alloya Corporate Federal Credit Union can use this channel to invest in the CIF. Alloya investments earn market rates, and options include term certificates or 90-day notice accounts. Additionally, Alloya offers a low minimum investment amount at $1,000. Click here for more information and/or to invest in CIF with Alloya. With questions, contact Alloy's member services at (800) 342-4328.
MEMBERS Trust Company
NCUF and MEMBERS Trust Company offer two options for large investments.
- NCUF Charitable Investment Trust. MEMBERS Trust Company, as trustee, shall manage the assets in a trust according to the Federal Credit Union Act, Part 703 of NCUA Rules and Regulations and other applicable laws. The recommended minimum deposit is $500,000.
- NCUF Federally Insured Account.This account is using the Certificate of Deposit Account Registry Service Program (CDARS) that allows credit unions to invest in federally insured CDs up to $50 million. The recommended minimum deposit is $250,000.
Click here for more information and/or to invest in CIF with MEMBERS Trust Company. With questions, contact Jason Ritzenthaler at (813) 631-9191, ext. 705.
Corporate One Federal Credit Union
CIF investments through Corporate One are open to all credit unions (no membership requirements). Investment options include federally insured CDs or government-issued securities and can range from $50,000 to $10 million. After an investment is selected, the credit union chooses to have a percentage of the investment's earnings go to the CIF as a contribution. To invest through Corporate One, contact (800) 366-2677. For more information on the offering, contact Paul Hixon, Vice President of Marketing.
Catalyst Corporate Credit Union
Two options are available when investing in the CIF through Catalyst Corporate. Capitalized members of Catalyst can invest in six-, 12-, and 18-month CIF share certificates and 90-day notice accounts. All credit unions can open brokerage and safekeeping accounts with Catalyst (no membership requirements) – options include fixed coupon agency securities. Additional information is available at Catalyst online or through a Catalyst investment officer at (800) 405-7067.
Volunteer Corporate Credit Union (VolCorp)
Credit unions interested in investing in the CIF through VolCorp must own Perpetual Contributed Capital. The minimum investment amount is $1,000, and credit unions can chose either 50 percent or 100 percent of interest to donate to the CIF. Investment options include six-, 12- and 18-month CIF share certificates and Notice 90 accounts. Agency securities options are available through VolCorp brokerage services. Contact Investment Sales at (800) 470-3444, ext. 2.
Don't miss out! NYIB to host annual education conference
Gain new insights and tools on youth financial literacy by attending the 2013 National Youth Involvement Board (NYIB) conference. Attendees will have the chance to rub elbows with fellow peers and gain knowledge from nationally recognized speakers, while engaging in breakout sessions to optimize learning opportunities. The conference will be held July 29-Aug. 1 in San Diego, Calif. It's a one-of-a-kind educational event you won't want to miss.
NYIB has put together an exciting agenda! Sessions will cover various topics, including:
- Bridging the Generation Gap
- Growth through Design Thinking & Experiential Learning
- Digital Marketing: Use It or Lose Them
- Emerging Technology in the
Thousands of credit union professionals attend this conference to create enthusiasm for financial literacy while furthering their success in reaching out to youth. This year's conference is supported by the Credit Union National Association, the National Endowment for Financial Education and BizKid$, a PBS television series featuring kids teaching kids about money.
To learn more about the conference and to register, visit the National Youth Involvement Board website. Be sure to arrange accommodations before 5 p.m. Monday, July 8, 2013.