Original funding of deposit insurance
Original funding of deposit insurance When funds are deposited in a bank account, they’re insured up to $250,000 by the United States Federal government, through the Federal Deposit Insurance Corporation (FDIC). Likewise, when funds are deposited into a credit union, they’re insured for the same amount, but by the National Credit Union Administration (NCUA). Functionally, […]
Four winning plays for connecting with members
Four winning plays for connecting with members From our partner, CUNA Mutual Group. By Steve Danco, SVPDirect to Consumer Experience, CUNA Mutual Group Credit unions have long nurtured a deep trust with members. Historically, that trust has been difficult for even the most formidable opponent to duplicate. Difficult, yet not impossible. In fact, research shows […]
Utah’s credit unions comprise an important part of the national industry
Utah’s credit unions comprise an important part of the national industry NCUA has released the first quarter data for 2022, and the Association has put together the usual analysis of the info, with a focus on Utah’s credit unions. Download the report here. The first page of the report provides some interesting details about the credit […]
Who is the Utah Credit Union Association?
Who is the Utah Credit Union Association? The Utah Credit Union Association (UCUA) is a membership organization that has been serving Utah credit unions for over 80 years. In 1934 a group of credit union leaders met at the Art Barn in Salt Lake City, Utah. The duty of this group was to elect officers, […]
The Benefits of Credit Unions
The Benefits of Credit Unions When looking into the benefits of a credit union, it is important to know what the purpose of a credit union is. “Credit unions are cooperative financial institutions owned and operated by their members – not shareholders. That means most credit unions offer better deposit accounts and better loan rates.” […]
Why Multicultural Business Strategy is Essential to All Credit Unions
Why Multicultural Business Strategy is Essential to All Credit Unions From our partner, CUNA Mutual Group. By Opal TomashevskaDirector of Multicultural Business Strategy at CUNA Mutual Group As I talk with credit unions around the country, I’ve been able to engage with many in the movement around multicultural business strategy, and there is one message […]
America’s Credit Union Museum Needs You
America’s Credit Union Museum Needs You The story of people helping people is timeless. From our industry’s humble roots in Manchester NH to the work your credit union is doing today, the credit union movement has always been about making a difference in the lives of its members. As part of the museum’s 20th anniversary celebration, […]
Beneficial Discussion and Unparalleled Networking at 2022 Executive Summit
Beneficial Discussion and Unparalleled Networking at 2022 Executive Summit About 55 executives from 20 Utah credit unions attended the Association’s Executive Summit, held May 15-18 in St. George. The event included plenty of time for networking, a demographer from the University of Utah, and two hours of roundtable where attendees discussed a variety of topics—but […]
Executive Committee Reelected in Recent Board Election
Executive Committee Re-elected in Recent Board Election This month, board elections took place resulting in all current members of the Board Executive Committee keeping their seats. Those Board Executive Committee Members consist of: Sterling Nielsen, Chairman, Mountain America Credit UnionShane London, Vice-Chair, Deseret First Credit UnionTammy Phillips, Secretary, Varex Federal Credit Union The executive committee is responsible for carrying […]
