The Point: March 12, 2013

CUs asked to share VITA efforts with Association

This tax season, numerous credit unions are providing free tax preparation assistance in their communities through the VITA program. Credit unions that host VITA sites, provide volunteer staff hours or support VITA in other capacities are asked to share their efforts with the Credit Union Association of New York.

By completing the MORE Report submission form, credit unionists can ensure their VITA initiatives are included in the 2013 MORE Report and other potential communication initiatives. The Association is also collecting high-resolution photos of credit union staff volunteering at VITA sites, which can be e-mailed to communications@cuany.org.  


Lending School registrations due tomorrow

Credit union lenders have until tomorrow, March 13, to register for the Credit Union Association of New York's two-day Lending School. The popular event will be held April 2-3 at Association headquarters in Albany, N.Y., and information is available on the Association website.

Returning lead instructor Brett Christensen (CU Lending Advice, LLC) and presenters Jim Holt (CU Student Choice) and Bob Nealon (CU Direct) will combine expert insights, real-world applications and hands-on training to help attendees take their lending programs to the next level. Last year's attendees praised Christensen for making the event informational and entertaining, and 100 percent said they would recommend the Lending School to others.


Matz, Cordray webinar now available online

NCUA Chairman Debbie Matz's recent virtual town hall webinar with CFPB Director Richard Cordray is now available on the NCUA website. A written transcript is also available.

During the Feb. 5 webinar, Matz and Cordray discussed a variety of regulatory issues, including:

  • mortgage servicing rules;
  • NCUA's Regulatory Modernization Initiative;
  • implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act; and
  • CFPB's proposed overdraft regulations.


UsNet participants now have access to 5,000+ branches nationwide

Credit unions that participate in shared branching through Universal Sharing Network (UsNet) now have access to more than 5,000 "live teller" branch locations across the country. As a partner of the CO-OP Shared Branching network, UsNet offers credit unions a gateway to the fourth largest branch network in the nation.

"Shared branching taps into the power of credit union cooperation, and we should all be proud to reach this 5,000 branch milestone," said UsNet COO Marc Inger. "As the network continues to grow, so do the benefits for participating credit unions and their members."

Nearly 1,800 credit unions benefit from CO-OP Shared Branching-including UsNet's 52 participating credit unions. The network's Next Generation Network (NGN) switch technology offers credit unions lower cost, enhanced transaction functionality and greater information capacity, revolutionizing the way credit unions deliver shared branching to their members.

UsNet is a credit union service organization (CUSO) owned by New York credit unions and the Credit Union Association of New York. To learn more, visit the UsNet website or contact UsNet COO Marc Inger at (800) 342-9835, ext. 8192 or marc.inger@universalsharing.com.


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