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2011 Money Smart Week: April 2-9
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ICUF was
established in 1995. Its mission is to help Iowans build wealth,
responsibility and independence, with the vision to eliminate
poverty in the State of Iowa.
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Terry
Maloy Joins ICUF Board
The Iowa Credit Union
Foundation is pleased to welcome Terry Maloy to the Board of
Directors. Terry is the CEO of Community 1st
Credit Union in Ottumwa.
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Adam
Carroll joins ICUF as Financial Education Consultant
 Adam Carroll has been
hired as a Financial Education Consultant by ICUF. Adam will
provide training and technical assistance to Iowa credit unions on
financial education thanks to a grant from the Northwest Area
Foundation. He will also develop turn-key solutions and
templates for credit unions to use to deliver financial education and
will also teach credit union staff the best ways to present this
information to their members.
Adam is the founder of National Financial Educators, a financial
literacy program designed to educate college students across the
country. He published "Winning The Money Game" in 2005
and has spoken about the importance of financial education to more
than 150,000 people from all age groups, income demographics, and
backgrounds.
Contact Adam at adam@nationalfinancialeducators.com or 515.991.7146.
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Financial
Education Grants Available - Apply Today!
The ICUF
Financial Education Grants were created to
help credit unions develop a financial education program or
enhance an existing financial education program.
These grants should be seen as seed money, rather than the only
funding source for a program. The credit union must be a member in
good standing of the Iowa Credit Union League.
Click here to download the
application. Application deadline
is Wednesday, November 3. Contact Marybeth Foster at 800.860.6180 x3001 with any
questions.
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Download
the ICUF Financial Education Toolkit
Iowa credit unions understand the importance of improving their
community's financial education. The Iowa Credit Union Foundation
has identified several financial education resources available and
compiled this information into a Financial
Education Toolkit.
This toolkit will provide you with even more resources to continue
those efforts and help Iowans increase their financial IQ. More
information can be found in the Financial
Education section of the ICUF website.
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FIB
Scholarship: Essay Question Announced
The essay question
for the 2011 FIB scholarship is:
What does the
phrase 'living within your means' mean to you? How can your
credit union help you achieve this?"
Beginning with 2011, the FIB application process will be completely
online. The application will be ready in the coming weeks.
Information will be sent to credit unions when the website is ready
and the deadline for 2011 has been set. Stay tuned!
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Small
Credit Union Grants
With the generous
support of Veridian Credit Union, small credit unions can apply for
grants to assist with new technology to enhance the credit union's
operations or for a manager and board members to attend the CUNA
Governmental Affairs Conference in Washington, D.C.
Applications are due
November 12, 2010 and be found in the Grants and
Scholarships area of the ICUF website.
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2010
Convention: Thanks for your support!
Thank you for making the ICUF events at the 2010 Iowa Credit Union
Convention such a success! This year's Silent Auction netted
$5,900, which is $800 more than raised in 2009! Whether you
participated in the Silent Auction or attended the 2010 Benefit Night,
we thank you for your support.
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Update on
CIF Certificates at Members United
NCUA will guarantee all principal and quarterly fixed-rate dividend
payments on new two-year certificates of deposit (CDs) in CIF made
before Dec. 31 this year under its Temporary Corporate Credit Union
Share Guarantee Program (TCCUSGP). The agency recently announced
that it extended the expiration date of its TCCUSGP to Dec. 31,
2012 from Sept. 30, 2012.
How Does CIF
Work?
Celebrating its 11th year, the Community Investment Fund gives
credit unions the ability to leverage their investments to support
innovative credit union programs. Iowa credit unions can invest in
a Community Investment Fund account at their corporate credit
union. Each corporate credit union invests in corresponding CIF
accounts at US Central.
Each quarter, half of the CIF dividends are returned to investing
credit unions. Half of the CIF dividends are donated to
NCUF. NCUF grants half of its NCUF dividend to the Iowa Credit
Union Foundation. NCUF uses the remaining portion of the CIF
dividend to support its national programs including:
- REAL
Solutions®
- Credit Union
Development Education
- Innovation
Grants
- CUAid -
Disaster Relief
Alternatively, earlier this year NCUF announced
another way for credit unions to invest in CIF - CIF with NCB. NCB,
FSB (NCB) is a federally charter thrift and a wholly owned
subsidiary of the National Consumer Cooperative Bank. For more
information on this option, visit www.CIFwithNCB.coop.
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National
Credit Union Foundation Seeks Nominations for Two Board Seats
The National Credit Union Foundation (NCUF) is seeking nominations
for two board seats - both are for credit union executive or
director seats. Volunteers serve up to three three-year terms on
the NCUF Board as long as they are re-nominated by the NCUF Governance
& Nominations Committee and re-elected by the NCUF Board.
Each candidate must be an executive officer or director of a credit
union serving consumers.
How to
Apply
Qualified candidates interested in applying for either of these two
seats can click "Volunteer for our
Board" from the NCUF homepage for the declaration of
candidacy document.
Deadline
Applications must be received by October 29, 2010.
Selection
Process
NCUF's Governance & Nominations Committee will review all
candidates and recommend a slate of nominees to the NCUF Board. The
NCUF Board will vote on the nominees in December.
Board
Meeting Dates
In January, NCUF's Board will elect its table officers at its
organizational meeting. This will mark the first of three
face-to-face meetings planned for 2011:
- Organizational
Meeting: in January (location TBD)
- Spring/Summer
Meeting: May or June in Madison, Wis.
- Fall
Board Meeting: September in Alexandria, Va.
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For more information on any
of the information listed above, please contact Marybeth Foster,
ICUF Executive Director, at marybethf@iowacreditunions.com or 515.221.3001.
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