2020-2021 ICUL Board Election Results Announced
The voting period for the 2020-2021 ICUL Board of Directors ended on July 1. The following individuals will be officially inducted at ICUL’s 90th Annual Meeting this fall.
 
1.    $0-$45 million asset category:  Cindy Stephenson,
Iowa Heartland Credit Union
2.    $221 million and above asset category: Dale Owen,
Ascentra Credit Union
3.    At-Large category: Jami Weems, Serve Credit Union

Please join us in congratulating these credit union community leaders as they step up to help lead the direction of the Iowa credit union movement. Thank you to the 2019-2020 ICUL board (pictured) for your ongoing service!
Iowa Credit Union Listening Tour to be Held Virtually in July
The third annual ICUL Listening Tour will be held virtually in response to the COVID-19 pandemic. Credit union leaders are encouraged to attend a virtual event based on location to meet with ICUL representatives and local credit unions. Click below to register for an event.

Cedar Rapids (July 29, 10:30 a.m.)
Council Bluff and Sioux City (July 30, 8:30 a.m.)
Davenport and Mount Pleasant (July 28, 10:30 a.m.)
Des Moines (July 29, 8:30 a.m.)
Dubuque and Northeast Iowa (July 28, 8:30 a.m.)
Mason City and Fort Dodge (July 30, 10:30 a.m.)

If you're not able to attend the virtual meeting for your area, please feel free to find a different event that works with your schedule.
NCUA First Quarter Credit Union Data Available
First quarter credit union data has been released by the NCUA.

As of March 31, 2020, there were 84 Iowa credit unions, totaling $22.3 billion in assets and $17.9 billion in loans. All Iowa credit unions are considered well capitalized, but stressors from COVID-19 and the economy are impacting balance sheets for many credit unions. This is a trend across the country.

Through your credit union's membership with ICUL, you have access to this data via Callahan and Associates. If you have trouble logging in to Callahan's platform, contact ICUL Member Services Consultant Jodi Allen at 800.860.6180 x3011.
CUNA to Host Extensive League System Small Credit Union Webinars
CUNA is hosting an extensive League System Small Credit Union Webinar Series for credit unions under $75 million in assets. The series will begin August 4, and will run through spring 2021.

This series aims to help small credit unions start adapting industry best practices to the unique challenges small credit unions face. Iowa credit unions have access to these webinars through ICUL's participation in the series. Participating leagues are sponsoring speakers for the sessions. ICUL's speaker, Adam Carroll, will speak on October 13. Speakers will present on topics relevant to small credit unions, including member experience, digital marketing, lending and more.

Click here to view the agenda and register.
Iowa Legislative Session Summary Available from PolicyWorks Iowa
The Iowa legislature adjourned on June 14 and the Governor has completed post-session action on all legislation, the final step to closing the 2020 legislative session.

Click here to read the 2020 Session Wrap-Up, created by PolicyWorks Iowa , which provides a summary of all legislation of importance to Iowa's credit unions.
Register for Advanced IRA Virtual Webinars
Advanced IRA Webinars will be held July 21, 23, 28, and 30 and August 4 and 6 via a virtual platform.

Webinar topics will focus on IRA beneficiary distributions, withholding, rollovers, death claims and Roth accounts.

Attendees who register for an IRA webinar series may receive a recorded copy of the webinar for a missed session, however, we are limited on the number of provided recordings and can not provide recordings of all sessions to a single registrant.

Small credit union discounts apply.  Click here  to learn more about series pricing.
Iowa Fraud Fighters Webinars Available
The Iowa Insurance Division, Iowa Attorney General's Office, Senior Health Insurance Information Program (SHIIP) and Senior Medicare Patrol (SMP) are sponsoring an upcoming Iowa Fraud Fighters webinar series in July.  

A True Link   report on elder financial abuse  estimated 1 in 3 Americans ages 65 and older were affected by financial abuse over a five-year period, losing $36.5 billion dollars each year to financial exploitation, criminal fraud and caregiver abuse. Consider attending these webinars and encouraging your membership to do so as well.

Becky DeVries and Deborah Whittie Hosting Drive-by Retirement Parties
Becky DeVries, CEO of Midland Credit Union, will be hosting a drive-by retirement party on Friday, July 17 from 4:00 p.m. to 5:00 p.m. at the Midland Credit Union Branch in Urbandale (2891 106th Street). To attend the celebration, enter the drive by Hickman Road and travel north on 106th Street.

In celebration of Deborah Whittie's retirement, a drive-by event is being held on Saturday, July 18 at 4423 Meadow Valley Dr., West Des Moines. Deborah will be serving refreshments to drive-by guests from 2:00 p.m. to 4:00 p.m., and guests are invited to park and have refreshments on the lawn from 4:00 p.m. - 5:00 p.m. Social distancing will be practiced, and masks are appreciated but not required.
ICUL Bids Farewell to Jim Niederhauser
Effective June 30, Jim Niederhauser has retired from his position as ICUL Chief Operations Officer. Jim dedicated 40 years of his life to the credit union movement. While we’ll miss his leadership (and weather reports), we wish him the very best in retirement. Thank you to all who helped celebrate Jim during his virtual retirement party - it was a wonderful celebration of a beloved credit union advocate.

With Jim's retirement, Matt Oakley, former Chief Marketing Officer for Affiliates Management Company (AMC), has been promoted to Chief Operating Officer for ICUL and AMC.

Andrea Dose has also been promoted from ICUL Director of Member Services to Vice President of ICUL.
GreenState CEO Jeff Disterhoft Elected to Governor's Economic Recovery Advisory Board
On June 18, Governor Kim Reynolds signed an Executive Order establishing the Governor’s Economic Recovery Advisory Board . The Board's purpose is to assess the economic impact of COVID-19 on Iowa’s industries, businesses and workforce; analyze recovery efforts; and recommend strategies to ensure the future prosperity of our state for all Iowans.

Iowa Division of Credit Unions Superintendent Katie Averill is serving on the Small Business work group and nominated GreenState Credit Union CEO Jeff Disterhoft to serve on the Housing work group.

The Advisory Board, with the help of the work groups, will submit economic impact recommendations to Governor Reynolds in October to help inform her 2021 legislative agenda.
Share Credit Union Successes and Announcements with ICUL
Recently, many credit unions have been acknowledged for receiving industry awards.

Congratulations to 1st Gateway Credit Union, Ascentra Credit Union, Dupaco Community Credit Union and Veridian Credit Union for being named top credit unions by Forbes. Congratulations to Ascentra Credit Union, Community Choice Credit Union, Dupaco Community Credit Union, Members Community Credit Union and Journey Credit Union for receiving CUNA Marketing Awards.

To share credit union news and updates to be posted to ICUL's website and be included in the newsletter, submit your news release online. If your credit union needs assistance or resources for drafting a news release, contact PolicyWorks Iowa Public Affairs Director Jessica Maldonado at 515.224.8963.
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