Category: Credit unions
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LLCU Releases 2023 Community Impact Report Showing Credit Union Provided $269,523 in Community Donations & Staff Volunteered 2,442 Hours
Article published by Cayla Hittmeier – January 23, 2024 Decatur, Illinois, January 24th, 2024 – Land of Lincoln Credit Union (LLCU) released their 2023 Community Impact Report this week highlighting community reinvestment and volunteer efforts by LLCU in 2023. The report announced that in 2023, LLCU staff volunteered 2,442 hours to local non-profit…
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‘Tiny but mighty’ credit union makes an impact
Comunidad Latina Federal Credit Union creates tight-knit, future-focused community learning circle. Article by Brock Fritz (CUNA News) – January 23, 2024 Walk through the doors of Comunidad Latina Federal Credit Union, turn the corner, find the cubicle in the back, and you’ll likely come across Azul Sanchez, president/CEO at the $9…
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NCUA Chairman Todd M. Harper Remarks at the Volunteer Leadership Institute 2024
NCUA Chairman Todd M. Harper spoke at the Volunteer Leadership Institute today where he discussed the legislative need to provide the NCUA Board with the ability to establish a higher normal operating level for the Share Insurance Fund.
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A Cheat Sheet For Credit Union Board Decisions
3 Scrutiny Tests Boards of directors are responsible for the overall general managementof the credit union that include but are not limited to: establishingpolicies, reviewing financial statements, and ratifying budgets. To that end, there are three (3) scrutiny tests directors can apply tomake sound decisions on behalf of the financial…
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Nusenda Credit Union Announces New Microloan Program Partner – Black Chamber of Commerce of New Mexico
Albuquerque, N.M. – Nusenda recently announced a new community lending partner for its microloan program, the Black Chamber of Commerce of New Mexico. Nusenda’s Microloan Program (formerly known as Nusenda Co-op Capital) is a character and relationship-based program that provides microloans for low-income and underbanked entrepreneurs. This lending model provides…
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Credit Unions Love You To Death
5 Estate Planning Tools Credit Unions Provide By CUEvangelist – “Spreading The Good News About CUs!” No one makes plans to die. However, making preparation for one’s death can be a gift to loved ones you will leave behind. When in place, estate planningallows those you love to mourn or…
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10 Questions Credit Union Employees Should Be Able To Answer
by Mark S. Brantley, Esq. – CUEvangelist Credit Union 101: Quiz 1) What is a credit union?Answer:Credit Unions are not-for-profit, member-owned financial institutions that promote thrift and provide community support. 2) What is the credit union philosophy?Answer:The credit union philosophy is “People Helping People.” 3) What is the credit union…
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Credit Unions: Service Is The Secret Sauce!
by Mark S. Brantley, Esq. – CUEvangelist In 1967, the McDonalds corporation introduced its classic Bic Mac hamburger consisting of two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun. Forty years later, 560 million Big Macs were sold each year at an average of 17…
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“SANTA FRAUDS” ARE COMING TO TOWN!
by Mark S. Brantley, Esq. – CUEvangelist It’s no secret this is my favorite time of year and likely yours as well. For me however, I’m looking forward to the holiday classics “It’s a Wonderful Life”, “Miracle on 34th Street”, and “ A Christmas Carol” to name a few. Additionally, every year I…
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FULL FAITH AND CREDIT UNIONS
By Mark S. Brantley, Esq – CUEvangelist The history of credit unions has been deeply intertwined with religious faith for decades. In 1909, the first credit union chartered in the United States was a faith-based institution – St. Mary’s Cooperative Credit Association of Mancester, New Hampshire. The credit union originally…