Event Calendar

May 30 Thu
2013 CT Governmental Affairs Conference
8:30 am – 1:00 pm

Dannel Malloy_bio_picGovernor Dannel Malloy to Speak!
CT Governmental Affairs Conference

Thursday, May 30th
8:30 a.m. – 1:00 p.m.
Hilton Hartford
315 Trumbull Street, Hartford, CT 06103

Your attendance is needed at this important conference to show our legislators that we are a united force!

Other Confirmed Speakers

•  Banking Commissioner Howard Pitkin
•  Senator Richard Blumenthal
•  Senator Chris Murphy
•  Congressman John Larson
•  State Representative and Republican Leader Lawrence Cafero

 This event is free to affiliated credit unions.


Register Today!

Contact Susan O’Loughlin at soloughlin@culct.coop or 203-608-7061.


Don’t miss this great opportunity to hear first-hand federal and state updates from our governor and elected officials!

The conference begins at 8:30 with a continental breakfast with our first speaker beginning at 9:00 a.m. and ends with a buffet luncheon beginning at noon. Parking is in the Hilton Garage Parking area and will be validated.

Register today by contacting Susan O’Loughlin at soloughlin@culct.coop or 203-608-7061!

Jun 13 Thu
Board Financial Literacy Training @ Credit Union League of Connecticut
5:00 pm – 7:00 pm

NCUA’s Letter to Federal Credit Unions #11-FCU-02, issued in February of 2011, requires that directors of FCUs “must have at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union’s balance sheet and income statement.”

It continues, “A director must understand these financial statements to participate in a meaningful manner in the direction and control of the institution.”

This session will be for NEW DIRECTORS who have joined your board since the last required training in the fall of 2012. This will be a two-hour session from 5:00-7:00 p.m. Sandwiches will be served. There is no cost to attend.

Topics will include:
• Balance sheet and income statement basics
• What does ‘off balance sheet’ mean
• The importance of trend analysis (tables or graphs)
• Key financial ratios
• What does ‘accrual accounting’ mean
• Delinquency reporting
• What is the Allowance for Loan and Lease Losses contra asset account and how is it related to the Provision for Loan and Lease expense
• NCUA 5300 quarterly reports
• Budgeting and ALM basics
• The risks: credit, liquidity, interest rate, compliance, strategic, transaction, and reputation
• Peer analysis
• Internal controls
• Asking the right questions

Jun 18 Tue
Policy Works Compliance Webinar: Intro to Truth in Lending/Reg Z @ Credit Union League of Conecticut
9:30 am – 11:30 am

policy_works_logo

 

The Truth in Lending Act (TILA) and the implementing regulation, Regulation Z, is a significant part of lending compliance. This session will be an introduction to TILA and Regulation Z, covering definitions, open-end loan disclosure requirements, closed-end loan disclosure requirements, as well as the special requirements for mortgages and credit cards. Attendees will learn the basics about compliance with this significant lending law.

TILA-RegZThe webinar will be followed by an ‘open discussion’ at the conclusion of the program.

Click for the Registration Flyer.

These webinars will be placed on the League’s member-protected area of the website.

Oct 29 Tue
E-Banking and Information Security Compliance @ League Education Center
9:00 am – 12:00 pm

E-Banking and Information Security Compliance

Speaker: Kris Buckley, President, Buckley Technology Group
Buckley Technology Group assists credit unions and other financial institutions with the technology and regulations specific to the financial services industry.

This event will cover a number of online banking compliance topics including:

-Electronic Banking Threats and Security

-Opening and Maintaining Accounts On-line

-Mobile Banking

-Remote Deposit Capture

For more information or to register click for the registration form.

Nov 20 Wed
Don’t Tax My Credit Union Campaign
9:45 am
Don't Tax My Credit Union Campaign

Credit unions promote the economic well being of their members, especially those of modest means, through a system that is member-owned, volunteer-directed and not-for-profit.

The credit union mission has always been to ensure secure financial choices at lower costs for their members. That’s why credit unions offer financial products that provide better returns on savings, reduced rates on loans and lower or no fees on services.

While credit unions are regulated by the federal and state governments, they are also governed by volunteer boards elected by their membership. Credit unions don’t answer to stockholders, but to each of their 96 million members.

Credit unions invest in people by helping those who have been traditionally underserved by banks. Groups like seniors on fixed incomes, single working moms, minority communities needing greater community investment, and small business owners struggling to raise capital all rely on credit unions for important financial services at reasonable costs.

While the big banks have abandoned small businesses in droves because they just can’t make enough money, credit unions promote their small business members in a struggling economy by providing low cost credit alternatives. This credit union investment means millions of jobs across America.

Unfortunately, the big banks and some in Congress want to raise taxes and impose new fees on 96 million credit union members who represent 40% of all Americans, yet represent only 6% of the assets in financial institutions. And, they want to do this despite the fact that credit unions are not-for-profit and meeting their core mission every day.

That’s wrong and will imperil the credit union movement that so many have come to depend on for real financial choice.

Don’t let Congress raise taxes on 96 million credit union members. Don’t let Congress eliminate real financial choice. Don’t let Congress destroy our credit unions.

To learn even more about credit unions in your community, or join a credit union please visit http://www.asmarterchoice.org/.