The Point: Dec. 26, 2013


2014 State Legislative Agenda now available online

The 2014 New York State Legislative Agenda is now available in the Credit Union Association of New York’s online Action Center. The agenda includes several priority legislative initiatives and will be shared with state legislators during advocacy events and meetings next year.

Agenda items include:

  • Enable credit unions to offer prize-linked savings.
  • Advance the state credit union charter.
  • Create a credit union state funds deposit program.
  • Enable credit unions to accept municipal deposits.
  • Protect credit unions from robbery.
  • Secure Community Development Financial Institutions (CDFI) Program funding.
  • Promote financial education in schools.

Notably, the first two items on the agenda (prize-linked savings and state charter enhancements) passed the NYS Legislature with overwhelming bipartisan support in 2013. The bills were vetoed by Gov. Cuomo due to requests for language revisions, and the Association is working closely with the governor’s office, state agencies and bill sponsors to amend the language so both measures can be enacted into law in 2014.


YPC publishes winter newsletter

The Credit Union Association of New York's Young Professionals Commission (YPC) recently published the winter 2013 issue of their newsletter.

The issue, which is available on the Association website, features: an overview of the Commission’s lobbying efforts in Washington, D.C.; opinions from YPC members about the importance of chapter/council involvement; recent meet-up recaps; and information on industry opportunities and initiatives.


CUNA Mutual Group announces January webinars

CUNA Mutual Group recently announced three new webinars for January, which will offer credit unionists insights into lending and payment card risk management.

The first webinar, Managing the Risks of Payment Cards, will be held Jan. 15 at 11 a.m. Ann Davidson, CUNA Mutual Group’s senior risk management consultant, will explain the most recent trends in card fraud, what is triggering fraudulent activity and how credit unions should respond. To learn more or register, visit the CUNA Mutual Group website (member login required).

The second webinar, Auto Loan Recapture & Next Car Purchase, will be held Jan. 21 at 3 p.m. Participants will learn about CUNA Mutual Group’s Auto Loan Recapture campaign, a powerful direct mail marketing campaign intended to bring back members who have financed vehicles elsewhere. To learn more or register, visit the CUNA Mutual Group website.

The third webinar, Credit Card & Personal Loans: Growing Unsecured Loans, will be held Jan. 28 at 3 p.m. Participants will learn about Credit Card and Personal Loan Acquisition programs available through CUNA Mutual Group’s Loan Generation Marketing. These turnkey programs offer credit unions a complete direct mail campaign, from prescreening to design to mailing, to help build awareness and generate more credit card and personal loan activity. To learn more or register, visit the CUNA Mutual Group website.


Reminder: MORE Report submissions due next week

The Jan. 3 deadline to submit information for the Credit Union Association of New York’s MORE Report is fast approaching. The report will be distributed to all New York credit unions and legislators next spring, and highlights will also be shared with the media.

Using the Association’s online reporting form, credit unionists can submit information about their 2013 efforts in the areas of: adult financial education; community investment and outreach; customized products and services; financial counseling; immigrant outreach; Volunteer Income Tax Assistance (VITA); and youth financial education.

For additional information about the MORE program, visit the Association website.


Helpful Links

CUNA News Now

Don't Tax My Credit Union Website

Don't Tax My Credit Union Campaign Resources

New York's State of Mind Blog

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