Think you know the Bank Secrecy Act really well? Test your knowledge in our “On Compliance” quiz!

Also read Credit Union Management’s online-only “Loan Zone” column about member business lending and another article about one Canadian CU’s online communities, all in this week’s issue of CUES FYI.

Time is running out! June 4 is the final deadline to submit entries in the 2010 CUES Golden Mirror Awards.  

On Compliance: Bank Secrecy Act Quiz
Test your knowledge with these 26 questions

Loan Zone: Bumping the Cap
Here are some member business lending best practices from Collins Community CU

Northern Exposure 
One Canadian CU has used social media to create a true online community. (Make that two online communities.)

 From Our Sponsor

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Industry survey reveals challenges, successes within credit union movement

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Member Benefit Section

Online Learning for Boards: Internal Controls
According to the NCUA, the board of directors should employ five types of internal controls "to ensure maximum levels of service, growth, and protection for the members":

1. Effective organization, or the logical and secure delegation of responsibilities and authority in loan approval and disbursement, countersigning of checks, and account opening and maintenance.

2. Budgetary planning, including cost/benefit analyses and measuring actual vs. budgeted expenses.

3. A properly designed and executed accounting system.

CUES Director members can review the two other internal controls and study about further aspects of board governance—then test their knowledge—in the CUES Director Education Center, now a member benefit (password required; e-mail cues@cues.org for help).

Gym Waiver: Terri Larson, VP/lending at $75.8 million Highmark Federal Credit Union has shared a waiver of liability for exercise equipment in CUES Members Share. Employees must sign this waiver to use the gym equipment in the CU’s facility. Find the policy, which was uploaded on May 13, here by selecting “Human Resources” from the category pull-down menu. You can also find CUES' Fitness Center Release and Waiver of Claims form in the same spot.

New Benefit! CUES, CUES Director and CUES Supplier members and subscribers to Credit Union Management can now access a complete digital version of the latest magazine, plus archives back to December 2009, by logging in at cumanagement.org then clicking on the magazine image in the top bar. E-mail cues@cues.org for password help.

Review all your member benefits here. 
  

Blog: If You Were Going to Live on a Space Station for Six Months … What would you tell your direct reports if you were going to be unavailable for six months? Barb Kachelski, CAE, CUES' SVP/chief operating officer, describes a challenge given to attendees at CUES' inaugural International Leadership Academy in Miami in this CUES Skybox blog post.

Attend This One-of-a-Kind Event
Learn to adapt to rapid change in the industry. Join us at Execu/Net 2010, Aug. 22-25, Summit at Big Sky Resort, Big Sky, Mont. Hear from industry thought leaders in the mornings and network in the afternoons. Reserve your space for this popular program today! 

Cool Web Site: Shop It To Me is an easy way to score the best sales on more than 700 brands. The site checks more than 100 leading retailers, from the leading department stores to chic online boutiques, for sales on women’s, men’s, and children’s clothing, shoes, and accessories. You tell the site what’s important to you—which brands, what categories of clothing or accessories, and what sizes. The site goes to work as your free personal shopper, scouring the Web to find the best prices on the items you love, and sending you personalized e-mail alerts that feature the latest markdowns, secret promotion codes, and even VIP sale events. There is also a Shop It To Me Running for favorite running gear.  

Next Top Credit Union Exec: The search for the Next Top Credit Union Exec is on! At press time, there were 41 applicants in six regions vying for the honor. The first round of voting starts on Friday. Review the videos and get ready to pick your favorites!  

Member News: 

Obituary: Frank Wielga, 75, former credit union and league leader, passed away May 23. Wielga was hired in the 1960s as an administrative assistant by Mike Judge, managing director of the Pennsylvania Credit Union League. Wielga left the league for a senior staff position with Philadelphia City Employees Federal Credit Union and went on to become manager of Pennsylvania State Employees Credit Union in Harrisburg. In 1983, he was honored with the William W. Pratt Memorial Award as Credit Union Professional of the Year.

Retirement: Raymond F. Dowling, CCE, president/CEO of $53 million/4,900-member Stamford Federal Credit Union, Stamford, Conn., will retire, effective July 1. Executive Vice President and Chief Financial Officer David Lucas will succeed Dowling.

Bob Street, president/CEO of $569 million/59,000-member American First Credit Union, La Habra, Calif., has announced his retirement.

People Helping People: $885 million/110,000-member Altura Credit Union, Riverside, Calif., is awarding $59,000 in college scholarships through its Altura Scholarship Foundation to seniors graduating from 28 Riverside County high schools in 15 school districts. This is a significant increase from last year's $46,000 in scholarships.

Read all the CUES member news here. 

CUES Supplier Member News:

MasterCard urges house and senate conferees to consider severe consequences of Durbin Amendment for American Consumers. 

CULookup.com, the industry-leading credit union locator Web site from NAFCU Services Corporation, added geomapping and shared-branching features making it the most user-friendly, full-featured resource to find a credit union online.

How Effective a Negotiator Are You?
CUES is proud to offer special pricing for KARRASS’ Effective Negotiating Seminar, which will help you sharpen your existing skills while learning new ways to achieve better, longer lasting agreements. Register through CUES and save $149 when you attend any session in the United States, Canada or Mexico on or before Sept. 30!

CUES Calendar 

Webinar: Alternative Capital: Controlling Your Destiny
June 2
10-11 a.m. Central time

DLI™: Governance
June 6-9
Joseph L. Rotman School of Management, University of Toronto
Toronto

CUES Annual Convention
Disney's Contemporary Resort 
June 21-23
Lake Buena Vista, Fla.

Webinar: Board/CEO Communication Blind Spots
June 221-2 p.m. Central time

Webinar: Enculturation Through New Employee Orientation
June 24
1-2 p.m. Central time

Webinar: Alternative Capital: Navigating the Future
June 30
10-11 a.m. Central time

CUES School of Risk Management™
July 26-27
Doubletree Chicago O’Hare Airport Hotel in Rosemont
Chicago

Execu/Net^™ 2010
Aug. 22-25
Summit at Big Sky Resort
Big Sky, Mont.

Check out all the upcoming CUES events. 

Join the CUES Community!
Connect with CUES and other CUES members.

Join us on LinkedIn and follow us on Facebook or Twitter @TheRealCUES for the latest conference updates and executive education highlights! 

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