The Point: Oct. 10, 2013

Janet Yellen nominated as Fed chair

Yesterday afternoon, President Barack Obama nominated Federal Reserve Board Vice Chair Janet Yellen to succeed Ben Bernanke as Federal Reserve Board chair beginning Jan. 31, 2014. If confirmed, Yellen will be the first woman to head the American central bank.

Yellen took office as vice chair of the Federal Reserve Board Oct. 4, 2010. She simultaneously began a 14-year term as a member of the Board that will expire Jan. 31, 2024.

Prior to her appointment as vice chair, Yellen served as the CEO of the Federal Reserve Bank of San Francisco from 2004 to 2010 and as governor of the Federal Reserve Board during the Clinton years.

For insights into the impact of her appointment on credit unions, see yesterday's post ( on the New York's State of Mind blog.

Marketing Conference deadline nearing

Credit union marketers are encouraged to register for the Credit Union Association of New York's 2013 Marketing Conference, scheduled for Nov. 7-8 at Hampton Inn & Suites in Saratoga Springs. The event will offer attendees an opportunity to network with peers, explore the latest marketing strategies and hear from diverse expert speakers.

Registrations are due Oct. 30. For complete details and online registration, visit the Association website.

CUs encouraged to utilize Association's job board

As a benefit of membership, New York credit unions have the ability to post job openings on the Credit Union Association of New York's online job board.

The board allows credit unions to post open positions on a public site that generates significant applicant traffic and attracts a diverse pool of candidates. The service includes a unique landing page for job postings, an online application feature and the option to post openings on several different online job boards at no additional cost. Users are granted administrative access to the website, enabling them to add, edit and remove job openings as needed.

To establish a credit union user account or view current credit union job openings, visit the Association's website.

Buffalo young pros to volunteer at Ronald McDonald House

Buffalo area members of the Credit Union Association of New York's Young Professionals Commission will host a volunteer meet-up Oct. 15 at the Ronald McDonald House of Buffalo. The event is open to all credit union employees and volunteers age 35 and younger.

From 5-7:30 p.m., attendees will participate in the Cook for Kids program. The program aims to create a "home away from home" by providing home-cooked meals for guests of the Ronald McDonald House. In celebration of International Credit Union Day (Oct. 17) and the "Unite for Good" theme, the group will help prepare the meal and clean up after.

For more information or to register, visit the event website.

Upcoming webinar will focus on asset development in immigrant communities

CUNA, Coopera and the National Federation of Community Development Credit Unions are hosting a free webinar Oct. 15 to explore the importance of asset development in immigrant communities. The webinar will begin at 2 p.m., and details are available on CUNA's website.

Webinar attendees will learn about strategic planning tools developed by the Federation and Coopera, as well as a research study conducted by Urban Advisors that identifies best practices for immigrant lending.

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.)

New York's State of Mind Blog

Events & Education Calendar

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