Event Calendar

October – December 2013

Oct 7 Mon
Charitable Foundation Raffle
Oct 7 – Nov 27 all-day

CharitableFoundationLogoForWebsiteThe Connecticut Credit Union Charitable Foundation Raffle Begins!

The Raffle runs from now through Wednesday, November 27, 2013.

Watch this space for detailed information!

Nov 13 Wed
Board Financial Training @ Credit Union League of Connecticut
5:00 pm – 7:00 pm

TrainingNCUA’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

To Register

Please email soloughlin@culct.coop or call (203) 608-7061.

Nov 19 Tue
Management Network Training @ League Education Center
9:00 am – 11:00 am

This network is designed to provide a forum for supervisors and managers to discuss issues and best practices related to managing people. The topic for this program is Training for 2014, and will be facilitated by Barb Bass.

Barb will review some nation trends for training and approaches CUs are taking in incorporating into management responsibilities for 2014. This overview will be followed by an open discussion. Part of the open discussion will include identifying opportunities for CUs to collaborate in creating and maintaining a cross-sales culture. Topics include:

  • What topics are required training?
  • What are CUs focusing on in 2014?
  • Cross selling – how do you manage cross selling goals
  • Collaborating on 2014 training schedules

To register please email Susan O’Loughlin at soloughlin@culct.coop.

Nov 20 Wed
PolicyWorks Compliance Webinar: Mortgage Lending Update @ Credit Union League of Connecticut
9:30 am – 11:30 am

policy_works_logoCFPB logo

 

The CFPB will be issuing new rules related to combining the mortgage disclosures provided to consumers under the Truth-in-Lending Act and the Real Estate Settlement Procedures Act. Combining these rules for purposes of issuing disclosures for mortgage loans will require credit unions to create and deliver a new early disclosure as well as a new closing disclosure for certain home secured loans. This webinar will discuss the details of what needs to be included in the disclosures as well as when and how they must be delivered to members.

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

Click for the Registatrion Flyer.

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

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/.

Nov 21 Thu
Stamford Chapter Breakfast Meeting @ Le Pain Quotidien
9:00 am – 11:00 am
Dec 3 Tue
NEACH – P2Me, P2You: Looking into the Personal Payments’ Arena @ Webinar
2:00 pm – 3:00 pm

NEACH40thLogoSmallA continuing industry hot topic, person-to-person (P2P) payments in actually is still a relatively new service for many New England financial institutions (FIs), at least from a formal service perspective. This session will define P2P payments, as well as account-to-account transfers, present what’s taking place in the landscape; and highlight some risk considerations to consider.

Click to Register

Dec 9 Mon
Fundraiser for Congresswoman Elizabeth Esty @ League Education Center
9:00 am – 10:00 am
Fundraiser for Congresswoman Elizabeth Esty @ League Education Center | Meriden | Connecticut | United States
Please join Keith Wiemert, League President & CEO Jill Nowacki,
Kelly Fuhlbrigge and League staff for a fundraiser to benefit
Congresswoman Elizabeth Esty
 
Monday, December 9, 2013
Continental Breakfast
9:00 a.m. – 10:00 a.m.
League Education Room
1064 East Main Street, Meriden, CT
Please RSVP to Kelly Fuhlbrigge at kfuhlbrigge@culct.coop
 
Congresswoman Esty committed her support to us while campaigning for office and has also shown her support as a member of Congress for our tax exempt status and for increasing our ability to lend to businesses. (Letter of support attached.) We need to thank her and continue our conversation on credit union issues at this event. Please assist us in thanking her for her support by attending this event!
 
Congresswoman Esty serves Connecticut 5th Congressional district andserves on the Committee on Transportation and Infrastructure and the Committee on Science, Space and Technology.
 
The attendance cost is $100 per person, Young Professionals may attend at $25 per person.  
Personal share drafts only please, made out to “Friends of Elizabeth Esty.”
Checks should be presented at the event.
                                           
If you are unable to attend and want to support the event, you can send your check to:
Friends of Elizabeth Esty
P.O. Box 61
Cheshire, CT 06410
Please include “credit union event” in the memo section to ensure we receive credit for this event.
Kelly Ramsey Fuhlbrigge 
Vice President – Government Relations
Credit Union League of Connecticut 
203-500-9293
Dec 10 Tue
YP Meet Up @ New Mill Restaurant
8:00 pm – 10:00 pm
Dec 11 Wed
Financial Reality Fair Book Fundraiser
1:30 pm – December 31, 2013 @ 2:30 pm
Financial Reality Fair Book Fundraiser

Please refer to these documents for information and instructions for the 2013 Reality Fair Book Fundraiser:

Press Release

Poster

To order books please contact Sue O’loughlin, soloughlin@culct.coop.

Thanks so much!!