March 2010 Edition
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What state issue affects you the most? Take our latest poll.
Brought to You by CUNA Mutual
Watch this video to understand the details about how to keep your multi-featured, open-end lending program in compliance with Regulation Z.
Join the Arizona Credit Union League & Canyon State Credit Union for a special event with Arizona's Congressional District 1 Representative Ann Kirkpatrick.
| When: |
Tuesday, March 30th
4:30 p.m. to 6:00 p.m. |
| Where: |
Canyon State Credit Union
Payson Branch
514 S. Beeline Hwy
Payson, AZ 85541 |
Register Now!
According to the National Youth Involvement Board (NYIB), Arizona ranks 6th in the nation for providing financial education presentations to classrooms; reaching out to a total of 26,594 students. Keep up the great work educating our youth!
We are pleased to announce that in 2009 Arizona's credit unions raised $558,574 for Credit Union for Kids, the credit union movement's program for raising money and supporting Children's Miracle Network hospitals. For more details, click here.
The National Credit Union Foundation in conjunction with the World Council of Credit Unions (WOCCU) are collecting funds for Haiti through their online disaster relief system, CUAid.coop. Your donations will help make a difference to credit union employees, volunteers and members affected by the earthquake.
Keep up with the latest news and happenings by becoming our fan on Facebook.
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G.A.C. - What Does it Mean to You?
As the 6th Annual State Governmental Affairs Conference approaches, do you wonder why you're going? Or why you're not? Do you wonder why it's an important annual event? Or why this year is significant?
As an Arizona resident and credit union leader, there are several factors in local policy that have a significant effect on you, your credit union and livelihood. The program for this year's event includes several prominent state policy makers and state leaders. They will be speaking with you throughout the day concerning the top state issues that affect our state, our credit unions and you!
The program currently includes:
- Arizona State Senate President Bob Burns
- Rep. Nancy McLain
- Christian Palmer, Editor of the Yellow Sheet Report
- Secretary of State Ken Bennett
- Arizona State Treasurer Dean Martin
Don't miss this day-long event on March 9th at Arizona Central Credit Union! We will conclude the day with an ice cream social at the State Capitol.
Register now!
Arizona Credit Unions are the REAL Deal and provide REAL Solutions
In preparation for CUNA's Annual Governmental Affairs Conference where REAL Deal credit unions were recognized for their community outreach efforts, Arizona's credit unions participated in a survey checklist in an effort to express their impact. REAL Deal credit unions are engaged in a variety of community outreach activities belonging to four pillars: REAL Programs, REAL Sources, REAL Community Help/Commitment, and REAL Partnerships.
Arizona's credit unions show an incredible amount of support for their respective communities, and as part of the cooperative network, the collective support statewide is quite impressive. According to the response from the REAL Deal checklist Arizona's credit unions have touched the lives of more than 19,000 individuals, volunteered more than 3,500 hours of service, and have supported their communities with more than $430,000 in monetary contributions and in-kind donations.
For more detailed results and a complete list of Real Deal/Real Solutions Credit Unions, click here.
Use the Power of Aggregation in the Liquidation Process
Credit Unions have explored various ways to liquidate repossessed inventory: auction, retail, wholesaler, friends, family and strangers on the street. According to an October '09 CUNA Survey, only 7% of the 2,000 credit unions that participated, giving written responses, were satisfied with venue and returns. The survey also pointed out that while on average the auction is going to deliver better returns than other solutions; only 12% of participating credit unions use auctions as a sole resource. From the auction standpoint, most credit unions are unable to deliver a sufficient number of vehicles to sell that will give them the same attention as a manufacturer or rental agency.
To get preferred attention for credit unions, Repo Remarketing was founded, bringing their Credit Union clients together under one umbrella, employing the power of aggregation. By leveraging this strategy and aggregating the inventory of several Credit Unions under the Repo Remarketing umbrella, Credit Unions now have the key to a successful liquidation strategy.
If you are interested in learning more about how your Credit Union can benefit from this program, click here.
AYIN History and Update
The Arizona Youth Involvement Network (AYIN) began in 2006 with a group of young individuals who had an opportunity to join credit union leaders from around the world at consecutive World Council of Credit Union (WOCCU) Conferences. Each of these individuals received a YCUP Scholarship from the Arizona Credit Union League Foundation and found themselves inspired to start this initiative for young credit union leaders in Arizona. Today, the network has expanded and continues to grow in size and influence.
"My first few months on the AYIN Steering Committee have been exciting, motivating and fun! It's been awesome to work with such an accomplished group of young professionals. It's inspiring to be able to lead the young professionals of Arizona."
-Regina Carey
Newest Steering Committee Member, elected November, 2009 |
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Become a Member
If this interests you as a young credit union professional, the AYIN Steering Committee is currently accepting applications for new members. All applications are due by Monday, March 22, 2010. Please note that a credit union may not have more than one representative on the Steering Committee. You may find a list of current members along with the application at the following link: AYIN Steering Committee.
Upcoming Event
The AYIN Spring Professional Development Event is approaching. Join your fellow young credit union leaders on Thursday, March 25th from 10:30 am to 2:30 pm at First Credit Union. This session will focus on Managing from the Cooperative Perspective with special guest speaker, Tom Decker of the Credit Union Center for Social Impact Management. Details and registration can be found at the following link: AYIN Spring Event. |
