Event Calendar

New Haven Chapter Meeting @ Brothers Restaurant
Nov 6 @ 5:30 pm – Nov 6 @ 8:15 pm

When:       Monday, March 4th, 2013

Where:     New Haven County Credit Union

450 Universal Drive

North Haven, Ct 06473

Agenda:   5:30  – Pizza and soft drinks available

5:45  – Brief Meeting and Election of Officers

(There will be no program, and the meeting should not run more

than 30 minutes.) 

**** If anyone is interested in a position, please let Jim know. ****

Cost:          No Cost to attend!

Please call Jim Howard to let him know you will attend

@ 203-234-8773 x 109, or email him at jhoward@nhccu.com,

so that he knows how many pizzas to order!

He will be ordering the pizza at four, so please

make sure you call beforehand!



ACH Audit @ League Education Center
Nov 7 @ 9:00 am – 3:00 pm

Two Sessions: Morning and Afternoon:
9:00 a.m. – 12:00 p.m.
1:00 p.m. – 4:00 p.m.

Each session will cover the same material; participants need attend only one session.

Have you wondered what specific areas of the ACH rules are included in the audit requirements and what the most common areas of noncompliance are?

Arm yourself with “inside” information on how to best comply with the NACHA Audit requirements. We will review areas to be audited and also describe the most pressing compliance issues during this session.

Topics include:

  • Return Time Frames and Reason Codes
  • ACH Record Retention and Data Security
  • Account Disclosures
  • Third-Party Service Provider Agreements
  • ACH Authorization and Origination Agreements

The program will be repeated in the afternoon, so choose the program that fits your schedule.


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

Management Network Training @ League Education Center
Nov 19 @ 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.

PolicyWorks Compliance Webinar: Mortgage Lending Update @ Credit Union League of Connecticut
Nov 20 @ 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
Nov 20 @ 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/.

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

Fundraiser for Congresswoman Elizabeth Esty @ League Education Center
Dec 9 @ 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 
YP Meet Up @ New Mill Restaurant
Dec 10 @ 8:00 pm – 10:00 pm