What Would a Credit Union for Millennials Look Like?
Marketer Derek Gillette imagines ‘Credit Union on Purpose,’ a credit union for Millennials, and shows how their core values attract and serve new members.
Anthem
News & Notes: Here’s What’s Happening Around the Northwest
Qualstar Credit Union gives members ‘loyalty bonus’; Morrell elected to NACHA board; Providence Federal Credit Union makes it rain green; Oregon Community Credit Union hires VP of technology.
Join Financial Reality Fair and Teach Students How to Manage Money
The NWCUF is hosting a Financial Reality Fair for students with Juma Ventures. Volunteer and help students navigate their financial lives.
Replace Fee Income — and Improve Service — With the Opposite of Disruptive Technology
As income from cards and interchange fees is “disrupted” away, invest in relationships through frontline employees.
Save to Win Accounts Reach Million Dollar Milestone
Washington credit unions offering the Save to Win program have reached a major milestone: over $1 million in deposits. The program is designed to help under-banked consumers develop better savings habits.
Credit Unions Dressing Down, Raising Money for Miracle Jeans Day
On September 10, credit union employees across the country are wearing jeans — and donating $5 — to show their support for Children’s Miracle Network Hospitals.
62 Credit Unions Agree to Late-Filing Penalties
Three Northwest credit unions are among 62 that agreed to pay penalties for filing late Call Reports, the NCUA reports.
FinCEN Issues Proposed Rule Enhancing Customer Due Diligence Requirements
FinCEN released a proposed rule to enhance customer due diligence requirements at financial institutions. Find out what it means for credit unions in this week’s Compliance Center. Also: legal briefs and the question of the week.
Gesa Credit Union Offers P2P to Members
In partnership with MAP, Gesa Credit Union has introduced a person-to-person payment system allowing members to send and receive money in a matter of minutes, through their phones or online.
‘Wouldn’t It Be Cool?’ Brush Prairie Mom Wins Washington’s First Annual Save to Win Prize
A savings habit that started with a $25 deposit in April 2013 paid off big for TwinStar Credit Union member Janet Gullberg on Friday, when the Brush Prairie woman picked up a $5,000 check as the winner of Washington’s first annual Save to Win prize drawing.
TwinStar, North Coast Members Win $5,000 Monthly Prizes in Save to Win Drawing
Three credit union members who deposited at least $25 in their Save to Win accounts in March were rewarded Tuesday with celebrations in their honor and checks for $5,000 each – the biggest prizes yet in Washington’s year-old, prize-linked savings program.
National Credit Union Youth Week: Preparing the Next Generation for Financial Success
On the eve of National Credit Union Youth Week, Junior Achievement’s Amy Spencer takes a look at the current state of financial education and talks about some of the programs available now to help kids achieve a better financial future.
April is National Financial Literacy Month; How Will Your Credit Union Celebrate?
From bake sales on Financial Fitness Day to volunteering at Reality Fairs and helping young people “Catch the $ave Wave,” credit unions will shine a spotlight on the importance of financial education in April. How will you celebrate National Financial Literacy Month? We’ve got loads of ideas!
‘Save to Win’ Marks First Anniversary in Washington with a Milestone: $785,000 in Savings
Credit unions are celebrating the first anniversary this month of the “Save to Win” program in Washington with three $5,000 monthly drawings and the awarding of the state’s first $5,000 annual prize. Says the NWCUA’s Craig Reed: “I think we’re off to a great start!”
Help Young Members ‘Catch the $ave Wave’ During National Credit Union Youth Week
Encourage young members and potential members to set up savings accounts, learn how to manage money and “Catch the $ave Wave” during National Credit Union Youth Week in April.
Compliance Center: OFAC Issues New Foreign Sanctions Evaders List
The Office of Foreign Asset Controls has issued a new Foreign Sanctions Evaders List for individuals or entities involved in transactions to or from Iran and Syria. Also in today’s Anthem: Legal Briefs, and the Compliance Question of the Week: “With a Uniform Transfers to Minors Account, when the child turns 18 and comes into the credit union to get the money, should we turn the money over to him?”
How Much Money Did You Save Members in 2013?
Valley Credit Union was one of the big Membership Benefit Award winners at last year’s Governmental Affairs Conference for saving each of its member households $262. Will your credit union be among this year’s winners? The deadline for submitting financial data to CUNA is this Friday!
‘Save to Win’ Leverages the Desire to Win Big; Deposits Now Top $565,000 in Washington
Nearly 800 members have opened accounts at the six credit unions that helped launch Washington’s “Save to Win” program in April. The program, which offers cash prizes as an incentive for opening and maintaining a savings account, has grown to more than $565,000.