The Point: Aug. 8, 2013

Reminder: Don't Tax My Credit Union resources available online

As tax reform discussions continue in Washington, credit unions across the state are urged to join the national Don't Tax My Credit Union campaign. American Bankers Association (ABA) is now promoting a message to increase taxes on credit unions via a website, social media campaign and videos.

To learn more and access tools for spreading the word, visit the Credit Union Association of New York's Don't Tax My Credit Union Resources webpage.

The page includes links to all available campaign resources, including CUNA's tax status advocacy toolkit and a campaign fact sheet and Facebook cover image created by the Association. As plans are finalized for the statewide Don't Tax My Credit Union Week Aug. 19-23, additional resources will be added.

Credit unions are asked to share their campaign efforts with the Association by emailing, and to include #DontTaxMyCU in any Twitter or Facebook messages related to the campaign.

Palisades FCU awarded Biz Kid$ grant

Palisades FCU has been awarded a Biz Kid$ grant by the National Credit Union Foundation (NCUF) to provide Biz Kid$ financial literacy programming to students in Rockland County. The credit union will deliver financial literacy workshops and conferences in partnership with the Cornell University Cooperative Extension of Rockland County, engaging students in experiential learning through workshops, youth entrepreneurship presentations and mentoring over a period of one year.

The NCUF board of directors approved 16 new Biz Kid$ grants for 2013, totaling $124,961. The new grants engage the credit union movement in using Biz Kid$ and its curriculum to build students' financial literacy and economic education skills. Biz Kid$ is the award-winning, credit union-funded public television series and curriculum that teaches kids about money management and entrepreneurship.

CUNA, Coopera offering free webinar on building Hispanic service

What do credit union CEOs need to do to create a successful Hispanic-serving organization? This question is the focus of a free webinar offered by CUNA and Coopera next week.

The webinar will be held Aug. 14 at 3 p.m., and online registration is available. Participants will learn how to:

  • create a Hispanic market strategic plan;
  • set baseline growth goals; and
  • measure progress of a Hispanic growth plan.

CO-OP accepting THINK Prize entries

The entry period is now open for the CO-OP THINK Prize, and entrants have until Oct. 15 to submit an application and become eligible for the $10,000 grand prize sponsored by MasterCard. THINK Prize is CO-OP Financial Services' annual contest to search out the brightest and strongest ideas throughout the industry.

Credit unionists can submit a variety of solutions, such as an innovative application of technology, a new process for back-office efficiency or a fresh approach to industry advertising and marketing. Though the ideas can vary widely, the judging criteria for entries are based on four main standards: impact, creativity, aggregation (the application of the idea across the industry) and implementation (the ability to be adopted).

To learn more or enter, visit the CO-OP THINK Prize webpage.

Helpful Links

CUNA News Now

Don't Tax My Credit Union Website

Don't Tax My Credit Union Campaign Resources

CUNA Regulatory Advocacy Report (CUNA member log-in/registration required.)

CUNA Legislative Update (CUNA member log-in/registration required.)

Events & Education Calendar

Previous Issues