April – June 2014
Connecticut credit unions are eligible to apply for the three major CUNA awards: Dora Maxwell Social Responsibility Community Service Award, Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Youth Financial Education Award and Desjardins Adult Financial Education Award. These awards are described in detail below.
Entry forms for the awards are due to the League no later than Friday, June 27, 2014. Links for the forms can be found below.
Please contact Abbi Stamler at (203) 608-7058 or email her at
firstname.lastname@example.org with any questions.
Dora Maxwell Social Responsibility Community Service Award
Recognizes model credit union efforts to strengthen local institutions and materially improve the lives of nonmembers through community outreach programs (other than personal finance education). The award is given for external activities.
• Charity fund raising
• Support for public events
• Donation to social service programs
• VITA or EITC assistance
• Lobbying or advocacy on behalf of K-12 financial education
• Support for teacher training
Dora Maxwell was an early credit union pioneer. One of the original signers of CUNA’s constitution at Estes Park, Colorado, she worked as an organizer for the movement’s trade association (then called the Credit Union National Extension Bureau) and held numerous volunteer positions at the local and national level. In addition to organizing hundreds of credit unions, she developed volunteer organizer clubs and worked with organizations on behalf of the poor.
Louise Herring Philosophy-in-Action Member Service Award
Recognizes model credit union efforts to materially improve members’ lives through programs (other than personal finance education). It is awarded for internal programs and services that benefit membership.
• Special loan modification program
• Wealth-building or debt-reduction incentive program
• Outreach to underserved population
• Student-run in-school or campus branch
• Credit union difference campaign
• Predatory lending alternative
• Support for member ESL instruction
Louise Herring was an active supporter, organizer and champion of credit unions. She was the Ohio delegate to the 1934 national credit union conference in Estes Park, Colorado, where she signed the original constitution for a national credit union association. Louise Herring believed that credit unions should work in a practical manner to better people’s lives. She saw the credit union as more than just a financial institution. In her own words, “The purpose of the credit union is to reform the financial system, so that everyone can have his place in the sun.”
For both the Dora Maxwell and Louise Herring awards, click to access:
• A Letter from the Judges
• Secrets of a Winning Entry
• Commonly Asked Questions
• Award Differentiation Chart and Sample Award Activities
• Dora Maxwell Entry Form and Checklist
• Louise Herring Entry Form and Checklist
Desjardins Youth Financial Education Award
Recognizes model credit union efforts to teach personal finance concepts and skills to members and nonmembers under age 18.
• Classroom presentation or series
• Credit prerequisite course
• NEFE HSFPP instruction for underserved group
• Online personal finance curriculum
• Live group budgeting simulation
• Special savers or borrowers club
• Peer-to-peer financial counseling
Desjardins Adult Financial Education Award
Recognizes model credit union efforts to teach personal finance concepts and skills to members and nonmembers age 18 and older.
• Group seminar or webinar
• Online Q&A with expert
• Instruction of underserved group
• Presentation series to SEG group
• Instruction at personal finance event
• One-on-one financial counseling or credit report review
• Regular personal finance segment in local media
Alphonse Desjardins was a credit union pioneer who was instrumental in forming the Canadian and U.S. credit union movements. Besides helping to found the first credit unions in Canada and the U.S., Desjardins pioneered youth savings clubs and in-school “banks”, known as caisses scolaires.
This award honors leadership within the credit union movement on behalf of youth and adult financial literacy.
The Financial Reality Fair held in this city attracts a large number of high schools from surrounding towns with participating students numbering in the hundreds!
Many volunteers are needed to insure the success of this important educationalactivity. Please consider volunteering!
Watch for specific location and more information on this exciting event!
See flyer below for more details-
Connecticut Governmental Affairs Conference
The Credit Union League of Connecticut’s Annual Government Affairs Conference will be held May 15, 2014, in the Connecticut Room (2nd Floor) at the Hilton Hartford, located at 315 Trumbull Street in Hartford. Speakers will begin at 9:00 a.m., and the program will conclude with a luncheon at noon.
Our state GAC offers valuable updates from many in our Congressional delegation, the Governor’s Office, the Connecticut General Assembly, and state and federal regulators. This year, we will be joined by Ryan Donovan, Senior Vice President - Legislative Affairs at CUNA, who will provide up-to-date information on legislative and regulatory hot topics like Risk-Based Capital, housing finance reform, and UBIT.
We will also be joined by Commissioner Howard Pitkin of the CT Department of Banking and Tanya Meck, EVP and Managing Partner of Global Strategy Group. Tanya designed to implement strategic communication plans for a wide reach of clients including legislators and grassroots advocacy campaigns. Each week, Tanya joins a panel of communications and political strategists on “Connecticut Capitol Report” which airs every Sunday morning at 10:30 AM on Fox Connecticut. Tanya will be sharing her political insight with us and will discuss the upcoming elections.
Our first compliance networking meeting was a great success. Our open forum provided opportunity to express concerns, exchange ideas and understand best practices our credit unions have put in place as it pertains to the new mortgage regulations that came into effect January 2014. Thank you to all who attended and contributed. Our lively group is excited to meet again on May 20, 2014 at 9:00 am at the league. The topic of choice is Fair Lending. This topic was chosen based on the next league in house training session “Fair Lending and How to Conduct a Fair Lending Risk Assessment” scheduled for May 14, 2014 at “IL Monticello”, facilitated by M & M Consulting. We felt this would be a good time to discuss the takeaways from the May 14th training session. If you were not able to join us today, we hope you will consider our future meetings.
More details coming soon…
May 22nd, 5:00 – 7:00 p.m.
As credit union Annual Meetings conclude and new volunteers are elected, the League is your partner in providing the basics to your new volunteers. This popular program provides the ability for new volunteers to network with volunteers from other credit unions and discuss what the expectations are for their new position. This program is also helpful for any current volunteers who are looking for a brush up on responsibilities.
John Lass, Sr. VP, Strategy & Business Development, CUNA Mutual Group
Dr. Philip Lane, Associate Professor of Economics, Fairfield University
Steve Rick, Senior Economist, CUNA
Jill Nowacki, President/CEO, Credit Union League of Connecticut