OHIO CREDIT UNION NEWS
Get answers to tricky Reg E/overdraft compliance issues
Implementation of the Reg E changes requires credit unions to develop an "opt-in" program if they plan to continue assessing overdraft fees after July 1 on ATM and one-time debit card transactions that overdraw a consumer's account. Just added to the Ohio Credit Union League ZENITH10 schedule, the “Overdraft Opt-In and Reg E: Protecting Your Credit Union” session will eliminate the confusion and misinformation surrounding the Reg E revisions, and provide a clear understanding of how to protect your credit union.

Discounted ZENITH hotel rate expires March 24
March 24 is the deadline to make reservations for the Ohio Credit Union League ZENITH10 host hotel and receive the discounted room rate. Connect with ideas and innovations, fellow credit union leaders, potential business partners, our common philosophy, and more at ZENITH, April 15-16, in Cincinnati.

FoolProof catching the eye of Ohio CU leaders; find out why
Fifty-one Ohio credit unions took advantage of an informational Webinar to learn more about FoolProof, a new online financial literacy tool endorsed by the Ohio Credit Union League. Is your credit union among its peers in investigating FoolProof’s ability to provide engaging online financial education to large audiences affordably without taxing your staff?

Grants from Ohio CU Foundation make things happen
Is your budget holding you back from starting a financial education program, a community outreach project, or attending an educational opportunity? Assistance is available from the Ohio Credit Union Foundation, the philanthropic arm of the Ohio Credit Union League that supports educational and outreach initiatives promoting financial independence through credit unions.

Grant application deadline for CUNA Management School approaches
Individuals interested in receiving financial assistance to attend the CUNA Management School can apply for the Ohio Credit Union Foundation’s Jacquie Fisher Memorial Scholarship to cover their tuition, which includes room and board. Applications are due April 30, and notification of award will occur May 28.

OSC, CMG are Marching Miles super heroes; Lots of ways to get involved
OCUL Services Corporation (OSC) and CUNA Mutual Group (CMG) have stepped up as Super Hero Sponsors of the 2010 Ohio Credit Unions: Marching Miles for Miracle Kids. Each company donated $7,500 to the annual fundraiser benefiting the Children’s Miracle Network (CMN) and Ohio’s children’s hospitals.

Support state and national outreach endeavors, Invest in CIF
River Valley Credit Union has joined 48 of its peers in supporting the Ohio Credit Union Foundation (OCUF) via the Community Investment Fund (CIF). The unique social investment offers credit unions an opportunity to practice the “People Helping People” philosophy on a state and national level. CIF dividends are paid to the participating credit union, while up to 2% are split between the National Credit Union Foundation and OCUF.

Month’s media talking points echo public funds advocacy message
Including credit unions as a choice of depositories for public funds is the focus of March’s Monthly Media Talking Points. Created by the Ohio Credit Union League to help credit union leaders start conversations with their local media, the talking points correspond with the key messages that will be delivered during the 2010 Credit Union Day at the Statehouse on March 23.

Open-forum annual “town hall” meetings set for fall
Mark your calendar to attend one of the six “Town Hall” meetings planned throughout the state this fall by the Ohio Credit Union League. The meetings are part of the League’s commitment to a continued open dialogue with all Ohio credit unions. For the fifth consecutive year, the meetings will examine emerging issues in the Credit Union Movement and detail the value of the League.

iPhone Shared Branching locator application available
A Shared Branching locator application has been released for Apple’s iPhone. Since its release in late February, the application has received high praise from users. The free application can be downloaded through the “App Store” on any iPhone or iPod Touch by searching “CO-OP Financial Services” or “Find Branch.”

Allow members to make deposits from home
In addition to Shared Branching, the partnership between OCUL Services Corporation (OSC) and CO-OP Financial Services offers other opportunities to expand your credit union’s member services. My Deposit utilizes the newest check imaging technology to give members a credit union “branch” right in their own homes or small businesses.

CMG retirement plan services offers strength and education
With 50 years in the retirement plan business, CUNA Mutual Group (CMG) remains committed to providing the stability and expert information that plan participants and administrators need, said Tom Eckert, Vice President of Retirement Planning Services.

LEGISLATIVE & REGULATORY NEWS

Ohio’s CU public funds bill has second, third hearings
Ohio legislation to include credit unions as a choice of depositories for public funds, House Bill 317, had its second and third hearings before the House Financial Institutions, Real Estate & Securities Committee earlier this month.

Extensive compliance and regulatory offerings at ZENITH
Compliance is one of the greatest challenges facing Ohio’s credit unions. To help credit unions manage these burdens, several sessions at the Ohio Credit Union League ZENITH10 are dedicated to tackling today’s most pressing compliance issues.

OCUL submits comment letter on NCUA’s corporate proposal
The Ohio Credit Union League submitted it official comment letter to the National Credit Union Administration regarding its proposed corporate credit union regulatory changes (12 CFR Part 704). The League’s comments focused on three primary themes of need, principles, and cautions.

New phone, e-mail for League compliance services
The Ohio Credit Union League has enhanced its compliance hotline and e-mail services in order to better serve the compliance needs of Ohio’s credit unions. The League takes its compliance obligations seriously, and has refined its compliance and regulatory services by creating a dedicated hotline and e-mail address exclusively for compliance queries and questions.

EDUCATION & LEARNING

Explore managing your SEGs at March 17 Ohio Marketing Network
Hear how a successful Central Ohio credit union manages its select employee group (SEG) relationships and continues to grow while remaining SEG-based at the March 17 Ohio Marketing Network.

Tackle issues plaguing small CUs for only $99
Get a much-needed look at compliance issues from the perspective of smaller-market credit unions and more at the March 24 Small Credit Union Workshop. Participants from credit unions with assets of $35 million or less will receive an economic update from a Credit Union National Association economist; receive updates on Reg CC, Reg E, and the Credit CARD Act; and examine how a credit union has grown during the uncertain economy.

Webinar: New FACTA 312 regulation compliance deadline soon
Prepare for the July 1 compliance effective date for “reasonable procedures” needed to meet both current Fair Credit Reporting Act (FCRA) and upcoming Fair and Accurate Credit Transactions Act (FACTA) 312 audit requirements. “The Practical Implications of the New FACTA 312 Regulation” Webinar will discuss the events that sparked the new regulation, new requirements of the FACTA 312, and types of data audit and testing techniques required by both.

Audio: Keeping your overdraft program compliant
Most overdraft programs will be affected by the new Truth in Savings and Electronic Funds Transfer disclosures and modifications required by July 1. Participate in the “New Overdraft Rules Under the Truth in Savings Act & Regulation E” audio conference and review current Regulation DD disclosure requirements for overdraft programs and more.

Training more affordable: New low price for 40 Training on Demand titles
The downloadable, video training tool Training on Demand now has a new low price. With 40 titles for volunteers, staff, and management, your credit union can satisfy multiple training needs more affordably. Volunteer titles are geared directly toward only the information your volunteers need, and can be easily viewed during monthly board meetings.

CHAPTER NEWS

Changes to Reg E explored at Central Ohio Chapter event March 16
Learn the key changes to Reg E before they happen by attending the March 16 Central Ohio Chapter event at BMI FCU in Dublin.

Financial education the focus of March 16 Northeast Chapter event
The Northeast Chapter’s March 16 meeting will focus on youth financial education and feature presentations made by the chapter’s 2010 scholarship winners.

Legislative update at March 18 Ohio Valley Chapter event
John Florian, VP of Government Affairs for the Ohio Credit Union League, will discuss the current legislative environment and identify threats and opportunities that lay ahead for credit unions at the March 18 Ohio Valley Chapter event.

SW Chapters focus on community support at March 23 auction
On March 23, the Butler County and Cincinnati Chapters will host a joint community night and silent auction at Brazenhead in Mason.

BSA training at March 24 Nortwest Chapter event
Volunteers can satisfy their annual Bank Secrecy Act training requirement by attending the March 24 Northwest Chapter event at the Holiday Inn-French Quarter.

View all Chapter events on the ChapterCheck page

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