As the event’s lead sponsor, the Credit Unions of Rhode Island brought the consumer awareness campaign BetterValues. Better Banking. to thousands of attendees at the Credit Union High School Basketball Championships this past weekend.
Hosted by CUNA Technology Council and CUNA Operations, Sales and Service Council, the CUNA CIO/COO forum brings together credit union executives to explore the major trends and issues affecting their roles.
Following the Federal Open Market Committee’s decision to raise raising the federal funds rate by a quarter of a percentage point, moving from 0.25% to 0.50% to a range of 0.50% and 0.75% , Perc Pineda, senior economist for the Credit Union National Association, issued a statement about how the rate change will affect credit unions.
CUNA’s National Awards Committee recently selected the recipients of the 2016 Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for Financial Education.
The next CUNA Bank Secrecy Act Conference, presented in partnership with the National Association of Credit Union Supervisors, will convene Nov. 12-15 in Las Vegas. Dedicated to examining the Bank Secrecy Act, anti-money laundering and credit unions’ role in fighting financial crime, the event allows attendees to earn the Bank Secrecy Act Compliance Specialist designation.
CUNA’s 2016 post-general election report shows the Credit Union Legislative Action Council raised a record $4.8 million in receipts this cycle to back credit union-friendly candidates, and to great results.
The discussion boards on CUNA’s Compliance Community featured an interesting discussion last week: what is the difference between the terms “share draft” and “checking account”? The correct use is important since credit unions pay dividends, not interest.