CUES FYI

Published every Tuesday, CUES FYI includes up-to-the-minute industry news, the latest Credit Union Management online-only columns, CUES member news and member benefits .

CUES FYI Jan. 15, 2013: CFO Focus: Buying a Bank

CFO Focus: Buying a Bank
Use this three-part litmus test to see if the transaction you're considering makes sense for your credit union

Protect Your CU's Real Estate Loan Collateral
Seven good questions to ask your insurance agent

Little Consensus Emerges on Talent Management Strategy
12 percent of companies have no strategy at all

NextGen Know-How: Recharge Your Leadership Mojo
Eight ways to reignite your passion so you can reignite your company

Top 10 2012 Articles
Interchange revenue, social media, compensation and compliance among most popular credit union topics

Interview With Chuck Fagan
Watch this video on CUBroadcast with CUES’ new president/CEO.

Credit Union Management Featured Article

Leader in a New Era
CUES Chair Teresa Freeborn will lean on experience as she helps usher in the organization's transition to a new CEO.

View a preview of Credit Union Management’s January digital edition.

CUES, CUES Director and CUES Supplier members, as well as subscribers to Credit Union Management, can access the complete digital version of our January issue by logging in at cumanagement.org and then clicking the rotating magazine icon. Email cues@cues.org for password help. Or, sign up for a handy monthly Credit Union Management email with direct links to top articles.

Member Resources

Webinar Playback: Stop Losing Your Best Members. Steve Nigri, VP/sales at Geezeo, Tolland, Conn., discusses personal financial management and how it can provide a simple solution to counter third-party offers, and grow greater wallet share at your credit union in this previously recorded CUES Webinar, free to CUES members. (Email cues@cues.org for password help.)

Review all your member benefits here.

Blog: Choosing the Right Chair: Just as it’s hard to imagine a successful organization not having a great CEO, it’s equally hard to imagine a top-performing board of directors that doesn’t have a great chairperson. Unfortunately, many organizations do not apply a systematic method to select a chair, instead granting this honor to whoever volunteers or has seniority. Read more in this CUES Skybox blog post by Dr. Peter Stephenson of Meridien Consulting Services Inc., Toronto.

Dr. Stephenson is part of the faculty for CUES Governance Leadership Institute ™, an advanced learning opportunity for credit union executives and directors that focuses on issues at the organizational level. Learn more about this program today.

Get Inside the Minds of Your Members

Attend CUES School of Growth and Profitability, May 1–3, Chicago. You’ll learn practical steps that capitalize on evolving consumer behavior, gain insight in cost control to help your credit union thrive, and discover how to leverage a member-centric sales and service culture. Save your space at this school today.

Cool App: EasyMoney is an expense tracker and budget planner app for Android. It includes an expense tracker, a budget planner, a checkbook manager and bills reminder.

CUES^® CEO Institute I and II Sell Out

CUES’ CEO Institute I: Strategic Planning and CEO Institute II: Organizational Effectiveness have sold out for 2013. This is the second year in a row that CEO Institute I, held at the University of Pennsylvania, The Wharton School, has sold out. CEO Institute II is held at Johnson at Cornell University.

CEO Institute is a challenging academic and leadership program held in one-week segments over three years at the nation’s top business schools. Fortunately, CUES’ CEO Institute program may be taken out of order. Register for CEO Institute III: Strategic Leadership Development today.

Benefits to Secure Top Talent

Turn to Executive Benefits and Retirement Plan Services, Presented by CUNA Mutual Group. Each executive benefits plan includes an expert who'll walk you through a five-step process for success. Plus, CUNA Mutual Group's top-ranked retirement planning services provide fiduciary support, investment oversight, multiple plan platforms and a wide array of investment alternatives. Learn more now.

Member News:

Honored: Vantage West Credit Union, Tucson, has been recognized as the top SBA 504 lender in Southern Arizona. The CU was named “The Gold Institution” by the Business Development Finance Corp., an SBA Premier Certified lender and a private, nonprofit entity that provides financing to Arizona businesses. The CU has 13 CUES members as part of its CUES Advancing Management Group Membership.

Promotion: Summit Credit Union, Madison, Wis., has promoted Kimberly Frederickson to VP/financial education and business development. Frederickson joined Summit CU in 2004 as a trainer. Since then, she has held a variety of learning and development roles, including her most recent promotion in 2008 to AVP/learning and development.

Wright-Patt Credit Union, Fairborn, Ohio, promoted Tracy A. Fors to VP/marketing and business development. Previously she was director/marketing and business development.

Retirement/New Position: Colleen Engel, CEO of Generations Family Federal Credit Union, Saginaw, Mich., retired on Dec. 31. Rita Leader will take over the top spot.

Martin Banecker retired as president/CEO of Campbell Employees Federal Credit Union, Cherry Hill, N.J., after 30 years of service. David Ardire, VP/finance, will succeed him.

Merger: FedChoice Federal Credit Union (with 13 CUES members as part of its CUES Advancing Management Group Membership), Lanham, Md., and Washington Postal Employees Federal Credit Union, Washington, D.C., merged on Jan. 1.

Scholarship: Community Choice Credit Union, Farmington Hills, Mich., announced that its nonprofit foundation has made $100,000 available in scholarships to students in Michigan. The CU has 10 CUES members as part of its CUES Executive Group Membership.

Community Involvement: Altura Credit Union, Riverside, Calif., and its members and employees donated nearly 900 non-perishable food items to local charitable organizations as part of its fifth annual Holiday Canned Food Drive. The CU has nine CUES members as part of its CUES Executive Group Membership.

Chartway Federal Credit Union, Virginia Beach, Va., and its charitable arm, the We Promise Foundation, are kicking off the 4th Annual Free Groceries for a Year Raffle. All proceeds from the event will benefit children in Chartway communities who are battling chronic or life-threatening illnesses. After raising more than $24,000 last year, hopes are high to raise $30,000 this year. Tickets for the raffle are $20; with each ticket purchased, participants increase their chances of winning $5,200 worth of free groceries. The CU has four CUES members.

CUES Supplier Member News: Pentegra Retirement Services, Shelton, Conn., has acquired Advanced Pension Solutions, Inc., a full-service, third-party retirement plan administration firm located in Blacklick, Ohio, and Louisville, Ky.

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

CUES Calendar

Free! Webinar: Mapping the Member Experience
Jan. 17
1-2 p.m. Central

Free! Webinar: The Importance of Engagement Banking

Jan. 25

1-2 p.m. Central

CUES Symposium: A CEO/Chairman Exchange
Feb. 3-7
Wailea, Maui

Execu/Summit®

March 10-12

Snowmass Village, Colo.

CUES Advanced School of Business Lending™

March 11-15