News of the National Credit Union Administration’s decision on the cost of the special assessment for natural person credit union losses is expected at its Sept. 16 meeting. Read an analysis by Janice Hollar, CCE, below.

Also read Credit Union Management’s online-only “Loan Zone” and “On Compliance” columns, all in this issue of CUES FYI.

New NCUA Assessment Coming Up
The waiting is almost over … this year

Loan Zone: Dealers Choose Indirect Rate
Day-to-day operations and special promotions supported by CU’s Flex-Rate program

On Compliance: Fraud + AML
Addressing financial crime and compliance in tandem creates a more efficient and effective process

Credit Union Management Featured Article

Half Full or Half Empty?
Even with lower raises, credit union execs rival bank peers’ compensation, but trouble looms in retirement funding.

CUES, CUES Director and CUES Supplier members, as well as subscribers to Credit Union Management, can now access a complete digital version of the September issue, 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.

From Our Sponsor

Four ‘First Steps’ for Boards to Follow When Setting Objectives for Executive Compensation

CUNA Mutual Group is a leading provider of financial services to credit unions, their members, and valued customers worldwide. As we celebrate 75 years of market commitment in 2010, CUNA Mutual's vision is unwavering: to be a trusted business partner who delivers service excellence with customer-focused products and market-driven innovation.

Member Benefit Section

BSA/AML: Michael Lussier, president/CEO of $497 million Webster First Federal Credit Union, has shared his CU’s BSA/AML overall credit union risk assessment in CUES Members Share. Log on at cues.org, then click this link and finally select “Compliance/Audits” in the “policy category” pull-down menu.

PR for CUs: Public Relations Strategies for Credit Unions
In a credit union, public relations is an investment in the long-term success of the organization, and contributes to a positive perception on the part of members and other influential stakeholders. CUES members and nonmembers can download this free, 150-page manual to learn six aspects of public relations:

1. building a positive image of the credit union
2. the relationship between the credit union and the community in which it operates
3. the working partnership between the credit union and the media
4. the strategic relationships between the credit union and its special audiences: employees, members, SEG employers and employees, regulators and legislators, community opinion leaders, industry partners and educators
5. issues management
6. crisis communication

Review all your member benefits here.

Blog: Predicting Simply Doesn’t Work: “In this world of ‘unusual uncertainty’ we need to move beyond the traditional risk tools that focus on interest-rate risk, credit risk, market risk, etc. and approach risk in a strategic or "holistic" fashion that includes both exogenous forces beyond your control and the industry, market and firm,” writes Franck Schuurmans, Ph.D., senior consultant and director of non-profit practices for Decision Strategies International, Conshohocken, Pa., on the CUES Skybox blog. Read more here.

Next Generation Leaders: Amanda Thomas
Profiles of up-and-coming credit union employees

Access Reliable Research

Forrester Research, Inc. makes its findings actionable by clearly explaining the most practical use of key information in your strategic plans. Register for a free 14-day trial today.

Cool Web Site: Urban Interns is an online marketplace that connects high-growth companies with talented candidates looking for internships, part-time jobs, freelance work and contract positions.

Member News:

Obituary: Former CUES member Dick Williams, retired president/CEO of $516 million/59,000-member Member One Federal Credit Union, Roanoke, Va., died Aug. 26 after a long battle with cancer. He was 70.

Merger: $1.3 billion/140,000-member Affinity Plus Federal Credit Union, St. Paul, Minn., has been selected by $37 million/8,000-member Como Northtown Community Credit Union, also of St. Paul, as a merger partner.

New Positions: Jane Pannier has been named president/CEO of $72 million/5,500-member REALTORS Federal Credit Union, Rockville, Md., after serving in an acting role since the Aug. 1 departure of her predecessor, Thomas A. Glatt Sr. CPA.

George Davis has been named president/CEO of $468 million/55,000-member Insight Credit Union, Orlando, Fla. Davis, who served as VP/lending at Insight CU from 2003 through 2007, replaces Richard Simonton, who is now conservatorship CEO at Keys Federal Credit Union.

Read more—and submit your own--CUES member news here.

Director Development Seminar at Capacity

Although this year’s Director Development Seminar has sold out, there are still plenty of opportunities to receive a director-specific education in the upcoming months. CUES’ Directors Conference will be held Dec. 5-8, and the all-new CUES Director Strategy Seminar will make its debut Feb. 2-4, 2011. Find out more about these offerings now.

CUES Calendar

Webinar: Compliance – An Operational Issue That Demands Efficiency
Sept. 9
1-2 p.m. Central time

Webinar: Diagnosing Employee Performance
Sept. 13
10-11 a.m. Central time

CUES School of Sales & Service - Canada
Sept. 14-17
Vancouver

CUES School of Risk Management™
Sept. 20-21
Seattle

CUES School of Business Lending™ - School III
Sept. 20-24
Seattle

CEO/Executive Team Network™
Nov. 7-10
Dallas
 
Directors Conference
Dec. 5-8
Phoenix

Check out all the upcoming CUES events.

Join the CUES Community!
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