Saturday, August 24, 2013
Hundreds of credit union leaders and members—including representatives from nearly every area credit union—rallied outside of the Credit Union Association of New York headquarters in Albany on Thursday to voice their support for CUNA’s Don’t Tax My Credit Unioncampaign, the league said in a release.
The rally was part of CUANY’s statewide Don’t Tax My Credit Union Week, designed to help raise awareness about the campaign and encourage credit unions to lobby Congress in support of the credit union tax exemption. Committee leaders in both the U.S. Senate and House have said they will attempt reforms to the tax code this year.
Supporters gathered to hear guest speakers express the importance of the credit union income tax exemption.
“Credit unions are member-owned, not-for-profit financial cooperatives that return their earnings to their members in the form of lower rates on loans, higher interest on savings, enhanced service and little or no fees,” said CUANY President/CEO William J. Mellin.
“Elimination of the exemption would create a new tax on the 96 million credit union members nationwide and erase $6 billion to $10 billion in annual economic benefits.”
Four credit union leaders joined Mellin in addressing the group, including Paula Stopera, president/CEO of CAP COM Federal Credit Union; Curt Cecala, CEO of TCT Federal Credit Union; Lucy Halstead, chief operating officer of First New York Federal Credit Union; and Michael Tobler, president/CEO of Albany Firemen’s Federal Credit Union.
Stopera and Halstead emphasized that the exemption allows credit unions to reinvest money back into their communities. This year alone, CAP COM FCU will donate more than $200,000 to community and charitable initiatives, Stopera said.
Cecala and Tobler highlighted the histories of their credit unions, emphasizing that time and growth have not changed their fundamental mission of serving members.
Rally attendee John DeCelle, chief marketing officer at the Albany, N.Y.-based SEFCU, said that grants, scholarships and other forms of charitable giving would come under scrutiny if the exemption were lost.
“If we lose our exemption, we’re going to have to take a look at our overall situation,” he said. “There would be some type of change in how we operate—there would have to be.”
The rally attracted considerable media attention, with WRGB Ch. 6, WNYT Ch. 13, WTEN Ch. 10, WGY-AM and The Times Union covering the event locally.
Nearly 100 credit unions across New York are also participating in a postcard campaign coordinated by CUANY. The credit unions are collecting staff/member signatures on postcards asking Congress to keep the credit union tax-exempt status, the league said.
The postcards will be hand-delivered to the offices of Democratic Senators Charles Schumer and Kirsten Gillibrand next month.
Friday, August 16, 2013
I would like to share this Blog with you.
Managing your online reputation can be a daunting task at times – whether it’s because you’ve posted something less than smart on Facebook, someone assumes your name or someone is talking about you and your business and you can’t control what they’re saying. The Internet is impossible to control, and anyone can say anything about you – that, in the end, is the beauty of the Internet. However, it’s not just about what others are saying about you, but also how you conduct yourself online, and especially on social media that can damage your reputation.
Read complete Blog here;
Monday, August 12, 2013
How are financial institutions using social media? Social media is still new to many banks and credit unions. Security is a big concern as financial information is very sensitive. Social media must be monitored regularly to ensure customer privacy. Social media is being used by financial institutions in many ways including: Building Relationships – Sharing pictures, and videos helps build relationships with customers. Social media allows banks and credit unions to be more social and interact. Relaying Information – Financial institutions are embracing social media to get the word out about events and services. Promoting their products – Social media is being used to promote products and special offers customers may not be aware of.
How can credit union customers benefit from technology and social media? Customers are taking full advantage of technology and social media. People want access and convenience. Technology and social media have made this possible. Banking has changed. It is mobile, it is fast and it is easy. Some of the benefits to customers are: Easy to use apps – Financial institutions now have apps that allow customers to complete many transactions easily from wherever they are. Financial education – An excellent way for credit unions to use social media is education. Helping make customers financially savvy is not only a benefit to the customer, but to the financial institution.
Read more at http://www.business2community.com/customer-experience/banks-are-embracing-technology-and-social-media-to-reach-their-customers-0574800#EOldoD5uamgq26YA.99
Thursday, August 1, 2013
Over one hundred of your Firefighter Credit Union colleagues have already registered for the meeting which will address the needs and concerns of Firefighter Credit Unions of all sizes. Unlike the more generalized conferences, the NCOFCU Annual Meeting & Conference directly addresses the challenges facing Firefighter Credit Unions. The Firefighter Credit Unions specific agenda, the networking with Firefighter Credit Unions from all over the country makes this conference truly unique.
You and your board’s knowledge and experience would add a tremendous value to the meeting, making it an event not to be missed! Can we count on you to share your thoughts and recommendations with other Firefighter CEO’s and Directors? This conference is truly a win-win opportunity for everyone who participates.
Contact me directly at 305-951-3306 or firstname.lastname@example.org for a schedule of the daily rates.
Grant Sheehan Executive Director