Velera’s Post

It’s official: Member #CreditUnions of CUNA and NAFCU (National Association of Federally-Insured Credit Unions) have voted in favor of merging the two organizations to create America’s Credit Unions. This is a historic moment for the industry as we work to secure a brighter future for all! https://bit.ly/3QkUVmA

Embarking on the Next Chapter: Holmes & ILCU’s Rollout Phase 3 🎉 Following a fantastic response from our recent webinar with the Irish League of Credit Unions, we’re thrilled to announce over 80 Credit Unions have shown an interest in HOLMES’ MARKETPLACE ANALYTICS by RW Pierce. 📅 We’re delighted to confirm the next step: a regional meeting for the ILCU Rollout Phase 3, set to take place at Rochestown Park Hotel, Cork City, next Monday, 22nd April 2024, at 11 am. This event is a great opportunity for credit unions in Cork and Kerry to explore the next stage of credit union evolution. 🤝 It’s an opportunity to delve deeper into what Holmes can do for you - operational efficiency, targeted member service, and growth strategies tailored to your Credit Union’s unique landscape. 📣 There’s still a window of opportunity for your Credit Union to be a part of this journey. If you haven’t yet, we warmly invite you to fill out an expression of interest form. Whether you’re looking to learn, grow, or collaborate, this event is where you need to be. ➡️ Express your interest here: ⬇️ https://lnkd.in/ef3PGC97 #HolmesSoftware #CreditUnions #ILCU #Innovation #CorkCity #KerryCreditUnion #CommunityGrowth #FinancialServices

“Inspired by our shared histories and roots, as well as the new credit union’s vision, our name, Blaze Credit Union, represents what we do for our members: guidance, navigation, and wayfinding. Finding that way forward! Like brightly colored blazes along a tree-lined trail, we’re a partner along their path, showing them the way and giving them the tools to achieve their goals and dreams. Our business is improving lives, and our role is showing our members how to go for it, wherever “it” might be to them. Our brand concept is supported by numerous well-thought-out elements. You’ll notice in our logo, the ‘B’ is carved to show a blazed trail to a destination. Our color palette is full of coppers, golds and greens - colors of money which also reflect regional scenery like raw iron ore, warm sunsets, and the mighty Norway pine, as well as many Midwesterners’ love of the outdoors. And even for more indoors-people who prefer comfy slippers to hiking boots and sheltered skyways to daunting switchbacks, they’re traveling along a trail of their very own: sometimes barreling forward; sometimes moving cautiously. Our tagline, Go for it, is all about action, calling our members and potential members to take bold steps toward their dreams, trusting Blaze to help them get there”. #Blazerproud#whoweare

I would like to voice my concerns with this proposed merger once again... Many of you disagreed with my earlier comment about the proposed merger and indicated how you believed this merger was going to be a good thing for small credit unions. Well, the details on the proposed board members are in and it's not looking good for small or medium-size credit unions. Five (5) of the board seats will go to MULTI-Billion dollar ($2.2 Billion+) credit unions, only 3 seats will be represented by small credit unions, two (2) under $80 Million and one (1) seat for credit unions under $300 Million. To make matters worse, there is no representation for mid-size credit unions ($300 Million+) in this proposed board. So, for those small and mid-size credit union CEOs that said this was going to be good merger because it will increase your representation, I wish you the best of luck with that theory. I am very certain whose interest those multi-billion-dollar credit union CEOs are going to represent within the board and with our politicians. I am also very concerned about the apparent lack of DEI in the proposed board. I truly doubt the makeup of this board is a good representation of the leadership in the credit union industry.

Prioritize survival. This video-enhanced webinar should be mandatory training for everyone at your credit union. Learn how to prevent an active-shooter event, how to behave when one is in progress, and what to do afterward. You can’t afford to miss this important training conducted by a former Special Agent with the Secret Service. https://lnkd.in/g9HaMiBb #CUWN #creditunion #creditunions #CU #credituniontraining #creditunionwebinar

Someone once said, "Never Forget Where You Came From." Well, back in the day we used call it the "Credit Union Movement." Today, many call us an industry or refer to us as financial services. Back in the day, credit union movement leaders talked about the importance of the credit union philosophy, People Helping People, and how credit unions emerged as an important financial services lifeline for Americans, following the Great Depression which started in 1929. This video was part of my credit union movement education. Perhaps it is a little corny and the black & white imagery might make you think of your grandparents. But I still believe credit unions were created for a noble purpose, to help people of modest means, improve their own financial lives and help our Country grow out of the depths of financial despair. I believe the credit union philosophy remains a critical financial lifeline for Americans, even more so today, as we all head into unknown, unchartered, unprecedented times. Not For Profit, Not For Charity, But for Service. https://lnkd.in/eQcAtaCK

🤔 July Trivia Question - Multiple Choice this time 🤔 How many members does MLTA have? Share your answer in our comments for a chance to win a prize at our 2023 Convention. You must be present to win. ☑️ If you haven't registered for the convention yet, please click here and register today bit.ly/3CgqWEk. #mlta #MNRealEstate #MNRealtors #titleinsurance #titleindustry

ICBA and other groups expressed united opposition to efforts by Sens. Roger Marshall (R-Kan.) and Richard Durbin (D-Ill.) to attach their ICBA-opposed credit card routing bill to a must-pass appropriations bill. State of Play: Marshall last week pledged to hold up consideration of government funding legislation focused on military construction and veterans affairs if Senate leaders don’t commit to holding a vote on the lawmakers’ Credit Card Competition Act (S. 1838/H.R. 3881). The bill would allow merchants to process credit card transactions based solely on which network offers the lowest cost for them #HandsOffMyRewards This will make big retailers even wealthier at the expense of #MainStreet We must oppose these bills.

#1 for back-to-back years thanks to a dynamic team committed to delivering an extraordinary experience to clients whom we are privileged to serve. 2023 Kehrer Group Top Directors in Credit Unions Awards were released on 10/2/2023 and are based on data from 2022. Kehrer Group considered 58 nominees in the credit union affiliated category and selected 5 winners who best exemplified distinguished efforts in driving growth to the financial institutions they support. The metrics used to determine the winners include the extent to which the practice is growing the business while producing sufficient revenue relative to its opportunity. The metrics also include whether the practice is achieving the objectives of producing more advisory and insurance business, reducing the number of clients served by each advisor and the size of branch territories and increasing revenue per client and the ROA (Return on Assets). Other criteria includes: Revenue penetration of deposits - revenue per million of FDIC core deposits or NCUA share deposits, Year-over-year growth in revenue - 2021 revenue divided by 2020 revenue, Advisor revenue productivity - gross revenue per advisor, Advisor asset productivity - assets per advisor, Advisory revenue per advisor, Life insurance revenue per advisor, Clients per advisor, Revenue per client, Investment assets per client, Asset productivity- revenue on assets and Advisor coverage - deposits per advisor. The ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of advisor's future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Kehrer Group is not affiliated with Raymond James.

Margin Compression keeping you up at night? You’re not alone! This is a concern we have heard from Credit Unions across the nation over the past few months and for good reason. If your Credit Union has started to feel income pressures, stop by Booth 803 and we can discuss possible solutions to implement today. #LSCU #SCUCE24