From: New Jersey Credit Union League [email protected] Subject: Friday Recap Edition of the DE -- November 13, 2015 Date: November 13, 2015 at 10:00 AM To: [email protected] To ensure that you continue receiving our emails, please add us to your address book or safe list. November 13, 2015 This Week's Top Stories: › Take Part in this Week's Surveys! Make Your Voice Heard! › NJCUL Board of Directors to Discuss Dual Membership Requirement at December Meeting › FOM Rules on NCUA Nov. Agenda › FIs Counter 'Coercive' Home Depot Tactic in Data Breach Suit › CUES Honors Outstanding Councils; New Jersey/Metro New York Council Among Those Recognized › RBC Video Released by NCUA › Instagram This: The Week's Best Photo Upcoming Events: December 1, 2015 VirtualCorps Webinar: How Can You Take Advantage of Global Trends While Improving Both Risk Management and Return? 3:00 pm to 4:00 pm Take Part in this Week's Surveys! Make Your Voice Heard! HIGHTSTOWN, N.J. – The League values your feedback and input on its offerings. To give you a simple way to voice your opinions and let us know how you use our offerings, and to share thoughts on our business partners, we’re featuring two short surveys in our Friday Recap of the Daily Exchange each week. We hope you will participate, as we work to continually provide the best solutions to our member credit unions. Click here to take our brief survey on how you rank providing education and training, protecting and defending credit union charter, and fostering collaboration and cooperation amongst credit unions as functions of the League. Thank you in advance for participating! [ BACK TO TOP ] NJCUL Board of Directors to Discuss Dual Membership Requirement at December
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From New Jersey Credit Union League newsnjculorgSubject Friday Recap Edition of the DE -- November 13 2015
Date November 13 2015 at 1000 AMTo staffnjculorg
To ensure that you continue receiving our emails please add us to your address book or safe list
November 13 2015
This Weeks TopStories
rsaquo Take Part in this Weeks SurveysMake Your Voice Heardrsaquo NJCUL Board of Directors toDiscuss Dual MembershipRequirement at DecemberMeetingrsaquo FOM Rules on NCUA NovAgendarsaquo FIs Counter Coercive HomeDepot Tactic in Data Breach Suitrsaquo CUES Honors OutstandingCouncils New JerseyMetro NewYork Council Among ThoseRecognizedrsaquo RBC Video Released by NCUArsaquo Instagram This The Weeks BestPhoto
Upcoming Events
December 1 2015 VirtualCorps Webinar How CanYou Take Advantage of GlobalTrends While Improving Both RiskManagement and Return300 pm to 400 pm
Take Part in this Weeks Surveys MakeYour Voice Heard
HIGHTSTOWN NJ ndash The League values your feedback and input onits offerings To give you a simple way to voice your opinions and letus know how you use our offerings and to share thoughts on ourbusiness partners wersquore featuring two short surveys in our FridayRecap of the Daily Exchange each week We hope you willparticipate as we work to continually provide the best solutions to ourmember credit unions
Click here to take our brief survey on how you rank providingeducation and training protecting and defending credit union charterand fostering collaboration and cooperation amongst credit unions asfunctions of the League
Thank you in advance for participating[ BACK TO TOP ]
NJCUL Board of Directors to Discuss DualMembership Requirement at December
300 pm to 400 pmMore Information Click Here
December 10 2015Webinar Managing Accounts ampRecords for Nonresident Aliens300 pm to 430 pmMore Information Click Here
December 17 2015Webinar Exercising the Right ofSetoff on Deposit Accounts amp Loans300 pm to 430 pm More Information Click Here
Contact Us
Address299 Ward StreetHightstown NJ 08520Driving directions
Phone80079288616094482426
Fax6094483499
E-mailinfonjculorg Connect with Us
Membership Requirement at DecemberMeetingThe LeagueCUNA ldquodual membershiprdquo requirement has been at theforefront of dialogue within the credit union movement in recentmonths Focus on the topic has only increased in the wake of theCUNA Structure and Governance Task Forcersquos report in Septemberand subsequent actions taken by the CUNA Board of Directors
The conversation on dues optionality and direct membership withLeagues and CUNA continues A few Leagues have taken formalaction to move to a structure that does not require membership withCUNA while others have made statements and passed resolutions insupport of the value and strength of the unified LeagueCUNA systemAcross the country League leadership is engaged in conversations inthis regard bearing in mind that CUNA presidentCEO Jim Nusslehas announced the association will be introducing changes instructure in December
The NJCUL Board of Directors will discuss this important topic at itsupcoming meeting on December 3 2015
Greg Michlig NJCUL presidentCEO said he feels that while thediscussion itself is important so is the timing ldquoIt is important that theboard of directors has thoughtful dialogue around this issue and creditunion leaders understand what membership without the benefits ofCUNA partnership looks likerdquo he said ldquoThe existing three-tieredsystem with credit unions Leagues and CUNA constitutes anadvocacy machine that is the envy of associations throughout thecountry including our chief competitors It is important to take the timeto consider this carefully while also contemplating the value ofchoicerdquo he continued
NJCUL bylaws currently require affiliates also be a member of CUNAAs such any change in this regard would require a bylaw amendmentto be approved by the membership
In advance of the December 3rd meeting New Jersey credit unionleaders are encouraged to share their thoughts on this topic withLeague board members via email at boardnjculorg
[ BACK TO TOP ]
FOM Rules on NCUA Nov AgendaALEXANDRIA Va ndash A field ofmembership (FOM) proposed rule willbe taken up at the National CreditUnion Administrationrsquos Nov 19meeting as requested by CUNAFOM reform is a top issue for CUNAand CUNA has urged the agency torefrain from imposing any FOMrestrictions beyond what is required inthe Federal Credit Union Act
In a letter sent to the NCUA in JuneCUNA outlined a number of principles for FOM reform as well as anumber of suggestions that are within the agencyrsquos immediateauthority and some that would require a rule change
Specific changes CUNA has requested include
Allow any federal credit union to serve a combination ofcontiguous communities and single political jurisdictions thatdo not exceed in population size or land area of the largest
do not exceed in population size or land area of the largestcommunity that NCUA has already approved which means 10million people or a land area of 20000 square milesAllow any government definition of community to be used as acredit unionrsquos option to define Well-Defined Local Community(WDLC)Increase the population limit used for Core Based StatisticalAreas (CBSA) from 25 million to 10 millionEliminate the requirement that a CBSA contain a ldquocorerdquo Include Combined Statistical Area in the definition of WDLC Expand affinity groups for community chartered credit unionsbeyond those who live in worship in attend school in or workin a community This should be expanded to include those whowork for a business headquartered or are paid from a businesslocated in a community Redefine ldquorural districtrdquo by eliminating a population test andusing a test similar to that of the US Census Bureau as anarea that does not contain a majority of land area in anUrbanized Area or Urbanized ClusterAllow a Congressional district to be considered a WDLC ACongressional district inherently defines a community withshared interestsReinstate the narrative approach for defining a communityEliminate the geographic limitation on trade industry orprofession (TIP) for federal credit unionsAllow a TIP to add vendors and their employees that supportthe trade industry or professionAllow a professional-based TIP to include co-workers whosupport the professionalrsquos day-to-day delivery of services andto include recipients of the professionalrsquos services when thoserecipients are not customers or clientsStreamline the paperwork and process to allow groups with3000 or more potential members to easily be added to amultiple group federal credit unionPermit federal credit unions that convert to a communitycharter to keep approved groups in their FOMs that areoutside the boundaries of their new community andPermit a state credit union converting to a federal credit unionto keep its current field of membership and expand based onNCUArsquos field of membership policies
The meeting will begin at 10 am (ET) Nov 19 and will be streamedlive on the NCUArsquos Web site
[ BACK TO TOP ]
FIs Counter lsquoCoerciversquo Home Depot Tacticin Data Breach SuitATLANTA ndash The credit unions and other financial institutions behind aclass action lawsuit against Home Depot over its massive data breachin 2014 are countering a move this week by the retail giant HomeDepot has asked the court for authorization to freely communicatedirectly with absent class-action members about potential settlementsit may reach with card companies
Home Depotrsquos legal team has requested permission to communicatewith financial institutions about settlements it could reach with Visaand MasterCard But the plaintiffs in the case which include 17 creditunion organizations say that the move could lead to the distribution ofcoercive or misleading information (Law360 Nov 10)
coercive or misleading information (Law360 Nov 10)
ldquoCoupling receipt of the benefits of the [credit brand] recoveryprocesses with a general release that prohibits class members fromparticipating in this case is inherently misleading and ripe for abuseparticularly when class counsel are completely shut out of theprocessrdquo the plaintiffs wrote ldquoTo the extent that Home Depot is notattempting to issue coercive or misleading statements it should haveno problem presenting them first to class counsel and allowing thecourt to decide any disputesrdquo
The plaintiffs believe that permitting Home Depot to communicateabout its potential card company settlements without giving counselon the financial institution side the opportunity to see thosecommunications in advance would make it possible for thecommunications to be inaccurate and coercive That could limit thefinancial institutionsrsquo ability to accurately weigh their potential claimsand determine whether they might recover more in the class actionsuit than they might under the proposed settlement
[ BACK TO TOP ]
CUES Honors Outstanding Councils NewJerseyMetro New York Council AmongThose RecognizedSCOTTSDALE Ariz ndash Four CUES Councils were honored as CUESOutstanding Councils at CEOExecutive Team Network in ScottsdaleAriz Winners in each region are CUES Rocky Mountain Council in theWestern region CUES Michigan Council in the Midwestern regionCUES Alabama Council in the Southeastern region and CUES NewJerseyMetro New York Council in the Northeastern region
The CUES New JerseyMetro New York Council consists of CatherineRicker President (Affinity FCU) Ann South Vice President (NovartisFCU) Glenn Guinto Secretary (Greater Alliance FCU) MarieHolowka (Rutgers FCU) and Mike Mahiya Program Director (XCELFCU) from New Jersey
Judges selected these councils for their ability to present timely andimportant topics to attendees communicate effectively with theirmembers and produce actionable marketing pieces to generate highmeeting participation They also encourage nonmembers to joinCUES
CUES Councils are regional CUES member-only learning groups runby volunteer CUES members All offer networking and career-enhancing resources
To find out more about CUES visit cuesorg[ BACK TO TOP ]
RBC Video Released by NCUAALEXANDRIA Va ndash The National Credit Union Administration hasreleased a video on its risk-based capital (RBC) rule intended forcredit union managers staff and boards to learn more about the rule
The rule was approved at the agencyrsquos October board meeting
The video covers the rulersquos framework changes made from proposalto final rule stage and an overview of the NCUArsquos three-yearimplementation plan Additional materials including an impactanalysis and a RBC estimator are available on the NCUArsquos RBCresource page
The rule applies to the 24 of federally insured credit unions withmore than $100 million in assets The remaining federally insuredcredit unions are exempt
The rule will become effective Jan 1 2019 which coincides with thefull phase-in of RBC rules from federal banking agencies
[ BACK TO TOP ]
Instagram This The Weeks Best Photo
It was a busy Tuesday for New Jersey credit unions Max Wolff led anengaging final ELS session of the year (top) and the final NJ DNA meeting of
the year was also held Tuesday at Picatinny FCU (bottom)[ BACK TO TOP ]
This message was sent to staffnjculorg from
New Jersey Credit Union League | newsnjculorg | New Jersey Credit Union League | 299 Ward
Street | Hightstown NJ 08520
Email Marketing by
Manage Your Subscription
300 pm to 400 pmMore Information Click Here
December 10 2015Webinar Managing Accounts ampRecords for Nonresident Aliens300 pm to 430 pmMore Information Click Here
December 17 2015Webinar Exercising the Right ofSetoff on Deposit Accounts amp Loans300 pm to 430 pm More Information Click Here
Contact Us
Address299 Ward StreetHightstown NJ 08520Driving directions
Phone80079288616094482426
Fax6094483499
E-mailinfonjculorg Connect with Us
Membership Requirement at DecemberMeetingThe LeagueCUNA ldquodual membershiprdquo requirement has been at theforefront of dialogue within the credit union movement in recentmonths Focus on the topic has only increased in the wake of theCUNA Structure and Governance Task Forcersquos report in Septemberand subsequent actions taken by the CUNA Board of Directors
The conversation on dues optionality and direct membership withLeagues and CUNA continues A few Leagues have taken formalaction to move to a structure that does not require membership withCUNA while others have made statements and passed resolutions insupport of the value and strength of the unified LeagueCUNA systemAcross the country League leadership is engaged in conversations inthis regard bearing in mind that CUNA presidentCEO Jim Nusslehas announced the association will be introducing changes instructure in December
The NJCUL Board of Directors will discuss this important topic at itsupcoming meeting on December 3 2015
Greg Michlig NJCUL presidentCEO said he feels that while thediscussion itself is important so is the timing ldquoIt is important that theboard of directors has thoughtful dialogue around this issue and creditunion leaders understand what membership without the benefits ofCUNA partnership looks likerdquo he said ldquoThe existing three-tieredsystem with credit unions Leagues and CUNA constitutes anadvocacy machine that is the envy of associations throughout thecountry including our chief competitors It is important to take the timeto consider this carefully while also contemplating the value ofchoicerdquo he continued
NJCUL bylaws currently require affiliates also be a member of CUNAAs such any change in this regard would require a bylaw amendmentto be approved by the membership
In advance of the December 3rd meeting New Jersey credit unionleaders are encouraged to share their thoughts on this topic withLeague board members via email at boardnjculorg
[ BACK TO TOP ]
FOM Rules on NCUA Nov AgendaALEXANDRIA Va ndash A field ofmembership (FOM) proposed rule willbe taken up at the National CreditUnion Administrationrsquos Nov 19meeting as requested by CUNAFOM reform is a top issue for CUNAand CUNA has urged the agency torefrain from imposing any FOMrestrictions beyond what is required inthe Federal Credit Union Act
In a letter sent to the NCUA in JuneCUNA outlined a number of principles for FOM reform as well as anumber of suggestions that are within the agencyrsquos immediateauthority and some that would require a rule change
Specific changes CUNA has requested include
Allow any federal credit union to serve a combination ofcontiguous communities and single political jurisdictions thatdo not exceed in population size or land area of the largest
do not exceed in population size or land area of the largestcommunity that NCUA has already approved which means 10million people or a land area of 20000 square milesAllow any government definition of community to be used as acredit unionrsquos option to define Well-Defined Local Community(WDLC)Increase the population limit used for Core Based StatisticalAreas (CBSA) from 25 million to 10 millionEliminate the requirement that a CBSA contain a ldquocorerdquo Include Combined Statistical Area in the definition of WDLC Expand affinity groups for community chartered credit unionsbeyond those who live in worship in attend school in or workin a community This should be expanded to include those whowork for a business headquartered or are paid from a businesslocated in a community Redefine ldquorural districtrdquo by eliminating a population test andusing a test similar to that of the US Census Bureau as anarea that does not contain a majority of land area in anUrbanized Area or Urbanized ClusterAllow a Congressional district to be considered a WDLC ACongressional district inherently defines a community withshared interestsReinstate the narrative approach for defining a communityEliminate the geographic limitation on trade industry orprofession (TIP) for federal credit unionsAllow a TIP to add vendors and their employees that supportthe trade industry or professionAllow a professional-based TIP to include co-workers whosupport the professionalrsquos day-to-day delivery of services andto include recipients of the professionalrsquos services when thoserecipients are not customers or clientsStreamline the paperwork and process to allow groups with3000 or more potential members to easily be added to amultiple group federal credit unionPermit federal credit unions that convert to a communitycharter to keep approved groups in their FOMs that areoutside the boundaries of their new community andPermit a state credit union converting to a federal credit unionto keep its current field of membership and expand based onNCUArsquos field of membership policies
The meeting will begin at 10 am (ET) Nov 19 and will be streamedlive on the NCUArsquos Web site
[ BACK TO TOP ]
FIs Counter lsquoCoerciversquo Home Depot Tacticin Data Breach SuitATLANTA ndash The credit unions and other financial institutions behind aclass action lawsuit against Home Depot over its massive data breachin 2014 are countering a move this week by the retail giant HomeDepot has asked the court for authorization to freely communicatedirectly with absent class-action members about potential settlementsit may reach with card companies
Home Depotrsquos legal team has requested permission to communicatewith financial institutions about settlements it could reach with Visaand MasterCard But the plaintiffs in the case which include 17 creditunion organizations say that the move could lead to the distribution ofcoercive or misleading information (Law360 Nov 10)
coercive or misleading information (Law360 Nov 10)
ldquoCoupling receipt of the benefits of the [credit brand] recoveryprocesses with a general release that prohibits class members fromparticipating in this case is inherently misleading and ripe for abuseparticularly when class counsel are completely shut out of theprocessrdquo the plaintiffs wrote ldquoTo the extent that Home Depot is notattempting to issue coercive or misleading statements it should haveno problem presenting them first to class counsel and allowing thecourt to decide any disputesrdquo
The plaintiffs believe that permitting Home Depot to communicateabout its potential card company settlements without giving counselon the financial institution side the opportunity to see thosecommunications in advance would make it possible for thecommunications to be inaccurate and coercive That could limit thefinancial institutionsrsquo ability to accurately weigh their potential claimsand determine whether they might recover more in the class actionsuit than they might under the proposed settlement
[ BACK TO TOP ]
CUES Honors Outstanding Councils NewJerseyMetro New York Council AmongThose RecognizedSCOTTSDALE Ariz ndash Four CUES Councils were honored as CUESOutstanding Councils at CEOExecutive Team Network in ScottsdaleAriz Winners in each region are CUES Rocky Mountain Council in theWestern region CUES Michigan Council in the Midwestern regionCUES Alabama Council in the Southeastern region and CUES NewJerseyMetro New York Council in the Northeastern region
The CUES New JerseyMetro New York Council consists of CatherineRicker President (Affinity FCU) Ann South Vice President (NovartisFCU) Glenn Guinto Secretary (Greater Alliance FCU) MarieHolowka (Rutgers FCU) and Mike Mahiya Program Director (XCELFCU) from New Jersey
Judges selected these councils for their ability to present timely andimportant topics to attendees communicate effectively with theirmembers and produce actionable marketing pieces to generate highmeeting participation They also encourage nonmembers to joinCUES
CUES Councils are regional CUES member-only learning groups runby volunteer CUES members All offer networking and career-enhancing resources
To find out more about CUES visit cuesorg[ BACK TO TOP ]
RBC Video Released by NCUAALEXANDRIA Va ndash The National Credit Union Administration hasreleased a video on its risk-based capital (RBC) rule intended forcredit union managers staff and boards to learn more about the rule
The rule was approved at the agencyrsquos October board meeting
The video covers the rulersquos framework changes made from proposalto final rule stage and an overview of the NCUArsquos three-yearimplementation plan Additional materials including an impactanalysis and a RBC estimator are available on the NCUArsquos RBCresource page
The rule applies to the 24 of federally insured credit unions withmore than $100 million in assets The remaining federally insuredcredit unions are exempt
The rule will become effective Jan 1 2019 which coincides with thefull phase-in of RBC rules from federal banking agencies
[ BACK TO TOP ]
Instagram This The Weeks Best Photo
It was a busy Tuesday for New Jersey credit unions Max Wolff led anengaging final ELS session of the year (top) and the final NJ DNA meeting of
the year was also held Tuesday at Picatinny FCU (bottom)[ BACK TO TOP ]
This message was sent to staffnjculorg from
New Jersey Credit Union League | newsnjculorg | New Jersey Credit Union League | 299 Ward
Street | Hightstown NJ 08520
Email Marketing by
Manage Your Subscription
do not exceed in population size or land area of the largestcommunity that NCUA has already approved which means 10million people or a land area of 20000 square milesAllow any government definition of community to be used as acredit unionrsquos option to define Well-Defined Local Community(WDLC)Increase the population limit used for Core Based StatisticalAreas (CBSA) from 25 million to 10 millionEliminate the requirement that a CBSA contain a ldquocorerdquo Include Combined Statistical Area in the definition of WDLC Expand affinity groups for community chartered credit unionsbeyond those who live in worship in attend school in or workin a community This should be expanded to include those whowork for a business headquartered or are paid from a businesslocated in a community Redefine ldquorural districtrdquo by eliminating a population test andusing a test similar to that of the US Census Bureau as anarea that does not contain a majority of land area in anUrbanized Area or Urbanized ClusterAllow a Congressional district to be considered a WDLC ACongressional district inherently defines a community withshared interestsReinstate the narrative approach for defining a communityEliminate the geographic limitation on trade industry orprofession (TIP) for federal credit unionsAllow a TIP to add vendors and their employees that supportthe trade industry or professionAllow a professional-based TIP to include co-workers whosupport the professionalrsquos day-to-day delivery of services andto include recipients of the professionalrsquos services when thoserecipients are not customers or clientsStreamline the paperwork and process to allow groups with3000 or more potential members to easily be added to amultiple group federal credit unionPermit federal credit unions that convert to a communitycharter to keep approved groups in their FOMs that areoutside the boundaries of their new community andPermit a state credit union converting to a federal credit unionto keep its current field of membership and expand based onNCUArsquos field of membership policies
The meeting will begin at 10 am (ET) Nov 19 and will be streamedlive on the NCUArsquos Web site
[ BACK TO TOP ]
FIs Counter lsquoCoerciversquo Home Depot Tacticin Data Breach SuitATLANTA ndash The credit unions and other financial institutions behind aclass action lawsuit against Home Depot over its massive data breachin 2014 are countering a move this week by the retail giant HomeDepot has asked the court for authorization to freely communicatedirectly with absent class-action members about potential settlementsit may reach with card companies
Home Depotrsquos legal team has requested permission to communicatewith financial institutions about settlements it could reach with Visaand MasterCard But the plaintiffs in the case which include 17 creditunion organizations say that the move could lead to the distribution ofcoercive or misleading information (Law360 Nov 10)
coercive or misleading information (Law360 Nov 10)
ldquoCoupling receipt of the benefits of the [credit brand] recoveryprocesses with a general release that prohibits class members fromparticipating in this case is inherently misleading and ripe for abuseparticularly when class counsel are completely shut out of theprocessrdquo the plaintiffs wrote ldquoTo the extent that Home Depot is notattempting to issue coercive or misleading statements it should haveno problem presenting them first to class counsel and allowing thecourt to decide any disputesrdquo
The plaintiffs believe that permitting Home Depot to communicateabout its potential card company settlements without giving counselon the financial institution side the opportunity to see thosecommunications in advance would make it possible for thecommunications to be inaccurate and coercive That could limit thefinancial institutionsrsquo ability to accurately weigh their potential claimsand determine whether they might recover more in the class actionsuit than they might under the proposed settlement
[ BACK TO TOP ]
CUES Honors Outstanding Councils NewJerseyMetro New York Council AmongThose RecognizedSCOTTSDALE Ariz ndash Four CUES Councils were honored as CUESOutstanding Councils at CEOExecutive Team Network in ScottsdaleAriz Winners in each region are CUES Rocky Mountain Council in theWestern region CUES Michigan Council in the Midwestern regionCUES Alabama Council in the Southeastern region and CUES NewJerseyMetro New York Council in the Northeastern region
The CUES New JerseyMetro New York Council consists of CatherineRicker President (Affinity FCU) Ann South Vice President (NovartisFCU) Glenn Guinto Secretary (Greater Alliance FCU) MarieHolowka (Rutgers FCU) and Mike Mahiya Program Director (XCELFCU) from New Jersey
Judges selected these councils for their ability to present timely andimportant topics to attendees communicate effectively with theirmembers and produce actionable marketing pieces to generate highmeeting participation They also encourage nonmembers to joinCUES
CUES Councils are regional CUES member-only learning groups runby volunteer CUES members All offer networking and career-enhancing resources
To find out more about CUES visit cuesorg[ BACK TO TOP ]
RBC Video Released by NCUAALEXANDRIA Va ndash The National Credit Union Administration hasreleased a video on its risk-based capital (RBC) rule intended forcredit union managers staff and boards to learn more about the rule
The rule was approved at the agencyrsquos October board meeting
The video covers the rulersquos framework changes made from proposalto final rule stage and an overview of the NCUArsquos three-yearimplementation plan Additional materials including an impactanalysis and a RBC estimator are available on the NCUArsquos RBCresource page
The rule applies to the 24 of federally insured credit unions withmore than $100 million in assets The remaining federally insuredcredit unions are exempt
The rule will become effective Jan 1 2019 which coincides with thefull phase-in of RBC rules from federal banking agencies
[ BACK TO TOP ]
Instagram This The Weeks Best Photo
It was a busy Tuesday for New Jersey credit unions Max Wolff led anengaging final ELS session of the year (top) and the final NJ DNA meeting of
the year was also held Tuesday at Picatinny FCU (bottom)[ BACK TO TOP ]
This message was sent to staffnjculorg from
New Jersey Credit Union League | newsnjculorg | New Jersey Credit Union League | 299 Ward
Street | Hightstown NJ 08520
Email Marketing by
Manage Your Subscription
coercive or misleading information (Law360 Nov 10)
ldquoCoupling receipt of the benefits of the [credit brand] recoveryprocesses with a general release that prohibits class members fromparticipating in this case is inherently misleading and ripe for abuseparticularly when class counsel are completely shut out of theprocessrdquo the plaintiffs wrote ldquoTo the extent that Home Depot is notattempting to issue coercive or misleading statements it should haveno problem presenting them first to class counsel and allowing thecourt to decide any disputesrdquo
The plaintiffs believe that permitting Home Depot to communicateabout its potential card company settlements without giving counselon the financial institution side the opportunity to see thosecommunications in advance would make it possible for thecommunications to be inaccurate and coercive That could limit thefinancial institutionsrsquo ability to accurately weigh their potential claimsand determine whether they might recover more in the class actionsuit than they might under the proposed settlement
[ BACK TO TOP ]
CUES Honors Outstanding Councils NewJerseyMetro New York Council AmongThose RecognizedSCOTTSDALE Ariz ndash Four CUES Councils were honored as CUESOutstanding Councils at CEOExecutive Team Network in ScottsdaleAriz Winners in each region are CUES Rocky Mountain Council in theWestern region CUES Michigan Council in the Midwestern regionCUES Alabama Council in the Southeastern region and CUES NewJerseyMetro New York Council in the Northeastern region
The CUES New JerseyMetro New York Council consists of CatherineRicker President (Affinity FCU) Ann South Vice President (NovartisFCU) Glenn Guinto Secretary (Greater Alliance FCU) MarieHolowka (Rutgers FCU) and Mike Mahiya Program Director (XCELFCU) from New Jersey
Judges selected these councils for their ability to present timely andimportant topics to attendees communicate effectively with theirmembers and produce actionable marketing pieces to generate highmeeting participation They also encourage nonmembers to joinCUES
CUES Councils are regional CUES member-only learning groups runby volunteer CUES members All offer networking and career-enhancing resources
To find out more about CUES visit cuesorg[ BACK TO TOP ]
RBC Video Released by NCUAALEXANDRIA Va ndash The National Credit Union Administration hasreleased a video on its risk-based capital (RBC) rule intended forcredit union managers staff and boards to learn more about the rule
The rule was approved at the agencyrsquos October board meeting
The video covers the rulersquos framework changes made from proposalto final rule stage and an overview of the NCUArsquos three-yearimplementation plan Additional materials including an impactanalysis and a RBC estimator are available on the NCUArsquos RBCresource page
The rule applies to the 24 of federally insured credit unions withmore than $100 million in assets The remaining federally insuredcredit unions are exempt
The rule will become effective Jan 1 2019 which coincides with thefull phase-in of RBC rules from federal banking agencies
[ BACK TO TOP ]
Instagram This The Weeks Best Photo
It was a busy Tuesday for New Jersey credit unions Max Wolff led anengaging final ELS session of the year (top) and the final NJ DNA meeting of
the year was also held Tuesday at Picatinny FCU (bottom)[ BACK TO TOP ]
This message was sent to staffnjculorg from
New Jersey Credit Union League | newsnjculorg | New Jersey Credit Union League | 299 Ward
Street | Hightstown NJ 08520
Email Marketing by
Manage Your Subscription
The video covers the rulersquos framework changes made from proposalto final rule stage and an overview of the NCUArsquos three-yearimplementation plan Additional materials including an impactanalysis and a RBC estimator are available on the NCUArsquos RBCresource page
The rule applies to the 24 of federally insured credit unions withmore than $100 million in assets The remaining federally insuredcredit unions are exempt
The rule will become effective Jan 1 2019 which coincides with thefull phase-in of RBC rules from federal banking agencies
[ BACK TO TOP ]
Instagram This The Weeks Best Photo
It was a busy Tuesday for New Jersey credit unions Max Wolff led anengaging final ELS session of the year (top) and the final NJ DNA meeting of
the year was also held Tuesday at Picatinny FCU (bottom)[ BACK TO TOP ]
This message was sent to staffnjculorg from
New Jersey Credit Union League | newsnjculorg | New Jersey Credit Union League | 299 Ward
Street | Hightstown NJ 08520
Email Marketing by
Manage Your Subscription
This message was sent to staffnjculorg from
New Jersey Credit Union League | newsnjculorg | New Jersey Credit Union League | 299 Ward
Street | Hightstown NJ 08520
Email Marketing by
Manage Your Subscription
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