The Point: May 2, 2013

Association collecting items, donations for CUPAC silent auction

Credit unions and chapters can help support political action by donating or sponsoring an item for the 2013 CUPAC Silent Auction. The popular event will be held June 15 during the Credit Union Association of New York's 2013 Annual Meeting & Convention, and proceeds will benefit the state Credit Union Political Action Committee (CUPAC).

The following items are recommended: vacation packages; dinner and entertainment tickets; home technology; sporting equipment; jewelry; sporting event tickets; and gift baskets. Monetary donations may also be made to sponsor an auction item.

All auction donors should complete and submit the CUPAC Auction Donor Form and any monetary donations by May 15. Items may be mailed to the Association or hand-delivered at Convention. For complete details or to access the donor form, visit the Convention website.

CUPAC is the state's credit union political action committee. Individual contributions to CUPAC are used to support credit union-friendly candidates who are running for state office. Contributions to CUPAC are not tax-deductible. Contributions are strictly voluntary, and you have the right to refuse to contribute without reprisal. Rules for state political fundraising require us to record the name and address of anyone who donates more than $99.

NCUA offering grants for CU student internships

NCUA is offering up to $80,000 in grants to low-income credit unions to hire student interns during the summer internship season. Credit unions interested in participating in the Student Internship Grant Initiative can apply online through May 20.

NCUA will award up to $4,000 to each eligible credit union. To be eligible, a credit union must have a low-income designation and be financially viable. Low-income credit unions may only use these grants for a student internship. Credit unions that received a student internship award in 2012 are not eligible for funding this year.

NCUA's Office of Small Credit Union Initiatives will review applications immediately upon receipt and issue approvals on a first-come, first-served basis until all funds are exhausted.

Funding for the Student Internship Grant Initiative is provided by the Community Development Revolving Loan Fund (CDRLF). In 2012, NCUA awarded 24 credit unions with nearly $106,000 under this program.

To learn more, view the Student Internship Grant Initiative guidelines.

CUNA Mutual Group unveils new AskAuto app

CUNA Mutual Group is currently piloting a new research and lending app, AskAuto, which enables credit unions to send customized lending message to members while they're visiting an auto dealer location.

AskAuto integrates with CUNA Mutual Group's and Smartphone Loan technology. In addition to confirming whether the auto dealer is a credit union's lending partner or competitor, the app simplifies the member's auto buying experience, from validating the selling price and comparing selected vehicles to streamlining the application process.

To learn more, visit the AskAuto website.

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