Newsletter

2024 Iowa Innovation Group Applications Open

Applications and nominations are open for the 2024 Iowa Innovation Group (IIG). IIG is a transformative program offering opportunities for credit union professionals to embrace innovation through skill-building, understanding key components of the credit union movement and exposure to different ways of thinking. 

If you are looking for your next career-development opportunity, or know someone who would be great for the program, apply or nominate today! Applications will close November 3.

Cooperative Month: Cooperatives Foster Iowa's Growth

October is Cooperative Month! It's a time for cooperatives of all types, and from all industries, to reaffirm their member-owned missions and commitment to the communities they serve. This year's theme focuses on how cooperatives are shaping Iowa's economy. Visit the Iowa Cooperatives website to learn how cooperatives are critical to the state's economy and see more information on the seven guiding cooperative principles, or hear it from cooperative members here.



Iowa Credit Union League President & CEO Murray Williams was recently featured in an article titled, “Cooperatives Foster Iowa’s Growth.” He shares, “As co-ops continue to shape local economies and empower communities, they remind us that growth is about fostering a better future for everyone.” Read the full article here.

Iowa Credit Union Foundation Offering Small Credit Union Grants

Applications are open for the Iowa Credit Union Foundation's (ICUF) annual Small Credit Union Grant program for Iowa credit unions at or under $50 million in assets.

Credit unions may apply for grants for technology improvements, consultation/planning services or qualifying educational trainings.

Applications are open until November 10. Click here to learn more about the grant program.

Explore the Discovery2023 On-Demand Hub

Click here to explore valuable insights and find inspiration for the future of your credit union’s work through TruStage’s Discovery2023 On-Demand Hub. Keynote sessions, breakout sessions, and panel sessions are all available to view.

As a strategic partner of ICUL, TruStage offers insurance and protection for credit unions, employees and members; lending solutions and marketing programs; consumer insurance products; and investment and retirement services. TruStage and ICUL partner together to educate and inform Iowa credit unions.

Leveraging Vendor Management Best Practices is Key for Risk & Resilience

ViClarity recently added a new blog post titled “Why Leveraging Vendor Management Best Practices is Key for Risk and Resilience.”

It states, “While vendor management processes might look different from one organization to the next, the best practices and components of an exemplary program look the same at the core. It all starts with creating quality policies that outline fair and consistent evaluation and oversight of third parties as they start to interact within an organization during the selection stage.” Read the full article here.

ICUL member credit unions have access to a variety of compliance services and resources through ViClarity. Find more information here.

Legal Update on Retry Fees

Katten Muchin Rosenman LLP has shared information about the lawsuit filed by the Minnesota Bankers Association and Lake Central Bank challenging the FDIC's "guidance" regarding fees on "re-presented" ACH and check payments. Click here to read more.

For questions regarding this update, contact Stuart Richter.

For general updates or legal questions, contact Barker, Hodgson & Miller, P.C. (BHM). 

ICUL member credit unions have access to a variety of legal services and resources made available through ICUL's strategic partnership with BHM.

Industry News & Events

Industry News

Have news to share? Email marketing@iowacreditunions.com. You must be logged onto the members-only website in order to view submitted content.

• Iowans Shredded 82,000 Pounds of Documents at Veridian's Community Shred Days in 2023

Upcoming ICUL Events

• October 17 - Collections & Bankruptcy Workshop
• November 1-2 - IRA Workshops
• November 7 - Secondary Mortgage Lending Training
• November 8 - CEO & Executive Roundtable

View the full ICUL event calendar here.