To view the 2015 Benefits of Affiliation brochure in a PDF format, click here.
- One of the League’s top priorities is to work continuously with Indiana’s Congressional Delegation and state legislators to promote and protect credit union interests in Washington and at the Statehouse. Issues emphasized in Congress include increasing retail merchant responsibility for data breaches, protecting credit unions’ tax exempt status, regulatory relief, and increasing the member business lending cap. During the 2014 session of the Indiana General Assembly, staff reviewed nearly 900 bills, identified more than 80 bills that could have impacted credit unions, and actively lobbied many of these bills, including legislation that allows credit unions to offer prize-linked savings accounts; lowered the financial institution tax; and impacted tax sales and foreclosures, the use of credit scores, and lien-related issues.
- The League has organized very successful Hike the Hill trips to Washington, D.C. for credit union leaders. Trips have featured personal visits with members of Indiana’s Congressional Delegation. In addition to visits to Washington, the League also arranges several meetings for credit unions with their U.S. Representatives back home in their districts.
- The League continues to encourage political involvement among credit union leaders and to successfully develop a strong, organized and well-informed grassroots network through political programs like voterVOICE, Project Zip Code, and Capitol Club.
- ICUPAC/CULAC fundraising has allowed us to contribute tens of thousands of dollars to state and federal candidates in recent election cycles.
Regulatory & Consulting Assistance
- Considerable resources are focused on advocating credit union interests on the regulatory front. Efforts include ongoing interface with regulatory agencies, in particular, the Consumer Financial Protection Bureau (CFPB). This includes submitting comment letters to the CFPB, NCUA, the Fed and other agencies; and detailed analysis of new and proposed regulations.
- Credit unions taking advantage of the League’s consulting services find the answers to many questions, including: How do we keep up with the multitude of regulatory changes and ensure that we are in compliance? What can we do to help our members facing financial difficulties? Are we in compliance with the Bank Secrecy Act? What strategic lending initiatives should we consider? What are examiners focusing on, and are we ready for our next examination? How should we approach planning for the future? Our consulting staff responds to over 1,100 questions each year by phone, email or in person.
- A dues-supported service with an annual value of more than $1,900 per credit union, CU PolicyPro provides an online Operations Policy Manual which contains more than 200 model policies that have been researched, developed and written specifically for credit unions by regulatory experts. CU PolicyPro not only includes the model policy content, but a full policy management system that allows credit unions to customize any model content to fit the credit union’s own operations. Currently, 112 credit unions have registered to use this resource.
- InfoSight is a dues-supported, Internet-based compliance system that provides a quick and seamless way to obtain answers to state or federal regulatory and compliance questions 24 hours a day, seven days a week. Credit union staff access this site over 6,000 times per year.
- Our consulting staff is growing and dedicated to helping credit unions succeed. We will continue to allocate more resources for supporting credit union’s compliance efforts.
Education and Training
- League staff organized and/or presented more than 80 days of training to more than 1,400 credit union employees and officials from over 129 credit unions in the past year.
- The League plans a similar full calendar of events in 2015. Sessions are presented centrally at the League office, regionally in a number of locations, as inexpensive webinars and in one-on-one sessions at many credit unions. The League is known for providing high-quality presenters at reasonable prices.
- A special resource section devoted to credit union officials/volunteers is part of the League website.
- The League coordinates several self-study programs that include nationally recognized
certifications. These include the Management Enrichment Training (MERIT), the Staff Training and Recognition (STAR) program and the Volunteer Achievement Program (VAP).
- Based on the feedback from our affiliates, we provide training and education on the issues that are the most important to Hoosier credit unions.
The League is committed to conveying and enhancing communications between and about Indiana credit unions. This includes the Management Update newsletter, the weekly League Link and In the Media emails and a variety of other communication vehicles.
The League continues to focus on media interface, website enhancements and community relations efforts including financial literacy. We keep our affiliates up-to-date on important developments in the state as well as in the national credit union community.
Dues support Indiana credit unions’ participation in a national database designed to match potential members with a credit union they can join and a national consumer-oriented website (www.asmarterchoice.org).
Some key online resources for affiliates include:
League website: www.icul.org
CUNA website: www.cuna.org
There are many resources available on these sites to benefit staff and officials at affiliated credit unions. The most popular content is related to compliance, regulatory/legislative information and education sessions.
The League serves as the primary vehicle for networking and collaboration among Indiana credit unions.
The ignite initiative began in 2007. The ignite working groups have developed 26 distinctive innovations to assist credit unions in serving their members, many of which have been piloted or implemented in Indiana.
The League has helped the networking process for several groups of credit union
professionals. These have included networking and collaboration meetings on CUSO information sharing, business lending, mortgage lending, regulatory compliance,
technology, marketing and CFO-related topics.
- This is a highlight for credit union management, staff and officials, allowing opportunities for education, general networking and the chance to meet with key vendors in an exhibit hall setting that are not available at any other time during the year.
The League’s convention and annual meeting provides a forum for strengthening the credit union movement in our state. At the annual meeting, affiliates participate in the democratic process, a founding principle of the credit union movement. At the 2014 Convention in Indianapolis, the League hosted more than 500 attendees from credit unions representing more than 80 percent of Indiana’s 2.2 million credit union members. The 2015 Convention is tentatively scheduled for October 7-9.
The Indiana Credit Union Foundation
Seven directors representing credit unions from throughout the state comprise the Foundation board and oversee this organization, which receives ongoing support from the League.
The Foundation is committed to utilizing its resources for the betterment of credit unions through professional development assistance, disaster recovery, financial education, community outreach and ongoing credit union development programs.
Donations come from numerous sources. The Foundation has received more than $870,000 since its inception and has awarded more than $360,000 in scholarships and over $300,000 in grants. Most recently, this includes $90,000 to support development of the BizKid$ financial literacy program that airs on PBS stations and another $38,000 to support the local underwriting of the program on seven Indiana PBS stations.
CU System Coordination
Dues are used by the League for interfacing, coordinating, and managing relationships on Indiana credit unions’ behalf with various state and national credit union system organizations (CUNA, NCUA, Indiana DFI, etc.)
Uses of Dues Dollars
- League dues represent less than one fourth of one percent of total Indiana credit union operating expenses, which is a lower percent than any time in the past ten years. We are operating on a deficit budget in order to keep dues costs lower for credit unions.
- Affiliation with the Indiana Credit Union League provides value to our state’s credit unions in many areas. The chart above shows how the League uses dues dollars to provide key services for its affiliates. Each $100 in dues receipts is allocated as follows:
- $36 for Governmental Affairs
- $28 for Regulatory & Consulting Assistance
- $15 for Communications/Public Relations
- $ 8 for Education
- $ 4 for the Annual Meeting/Convention
- $ 9 for CU System Coordination