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NEWS NOW CU SYSTEM ACUC: Young CU professionals get executive treatment

SAN FRANCISCO (7/2/14)--A group of young credit union professionals were treated to a nice surprise Tuesday on Day 2 of the Credit Union National Association's 2014 America's Credit Union Conference, when their Young Leaders Series session was combined with the larger Executive Series group.

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Credit unions continue to offer strong interest rates on deposit products, shutting out banks once again and staying high above the national averages, according to a recent survey by GOBankingRates.

Across the board, credit unions were ahead of banks with numbers such as:

Savings: Credit unions, 0.14% annual percentage yield (APY) vs. banks, 0.11%;

Checking: Credit unions, 0.31% vs. banks, 0.20%; and
Money market: Credit unions, 0.19% vs banks, 0.15%.
Certificate of deposit rates at credit unions ranged from 0.08% higher than banks for a six-month CD all the way to 0.29% higher for a 60-month CD.

GOBankingRates surveyed interest rates for more than 26,700 deposit accounts offered by banks and credit unions in the U.S. as of April 1, with an assumed deposit of $10,000. It did not include rates for online-only financial institutions.

“Our goal is to encourage our members to use GLCU as their primary financial institution,” John Skul, assistant vice president of marketing, Great Lakes CU, North Chicago, Ill., told GOBankingRates (April 9). “Offering them a fantastic rate is a win-win for both GLCU and our members–they receive a great interest rate on their checking account and we benefit when they meet the criteria to receive the great rate,” he added.

The top 10 credit unions and their products are:

Alabama Telco CU, Birmingham, AL. The credit union’s Centsible Savings account works like a “keep the change” savings program and has 3% APY.

Great Lakes CU, Chicago, IL. The Ultimate Checking account is a rewards account with 3% APY and up to a $5 ATM rebate per month.
Gulf Coast Community FCU, Gulfport, MS offers the Kasasa cash checking account, which earns 3% APY on balances up to $25,000.

Lake Michigan CU, Grand Rapids, MI. The Max checking account pays 3% APY on balances up to $15,000, with no fees and no minimum balance requirements.

Meridian Trust FCU, Cheyenne, WY. The MaxRewards checking account pays up to 3% APY and charges no maintenance fees.

Partner Colorado CU, Arvada, CO. The high-interest checking account is a straightforward high-yield account that pays 3% APY as long as account holders complete 20 signature-based debit card transactions, receive e-statements and use online or mobile banking.
UniWyo FCU, Laramie, WY The maximum interest rate–currently 2.99% APY–is paid on balances up to $15,000.

DuPont Community CU, Waynesboro, VA. The credit union offers 2.78% APY on its Grow Green checking account when 15 debit transactions are performed each month with an amount of at least $250.

IC FCU, Fitchburg, MA. Intelligent Checking is a high-yield checking account with no monthly fees. Balances up to $15,000 earn 2.59% APY.

University of Iowa Community CU, North Liberty, IA The credit union’s Rewards checking account offers 2.5% APY on balances of $0 to $19,999.

To join your local credit union with great rates like these,!
NEWS NOW CU SYSTEM CUs told to 'humanize' digital banking experience: ACUC SAN FRANCISCO (7/3/14)--There's a "seismic shift" that nontraditional providers are causing in the financial services industry, James R. Lay told America's Credit Union Conference attendees Wednesday. "It's time to admit the traditional banking model is broken and flawed," Lay said. "The banking industry is at high risk of disruption."
This is concert you won't want to miss!!  #CreditUnions #CreditUnionsRock +Daria Musk
This Wednesday, 5/21, I'll be playing and hanging out with you live from the world-famous House Of Blues in New Orleans! OMG!!

I am so crazy excited about this G+niuses! Beyonce drops surprise albums, we drop surprise Hangout Concerts!!! Yeah, we woke up like dis. 

It's time for our first big blow-out Hangout Concert of the season and I can't imagine a cooler way to do it! This will be the first interactive live concert from The House Of Blues, ever!

And most importantly, it's featuring you! There will be a huge screen up on stage with your gorgeous faces on it as you join and watch the show live!! That means you'll be the real stars of the show, with the packed house "ooohing and aaahing" at your awesomeness.

Read below to see how you can hop into the Hangout and be live on-stage with me on Wednesday! Yay!

Here's your Hangout to do list:

✖ Let me know - in the comments - that you'd like to join live and see your face on the big screen!

✖ You'll get a private message from me and the team who will be running the Hangout backstage to confirm your VIP first-join status!

✖ Feel free to make fun signs to show off in the Hangout so the crowd at the venue and the global audience watching see how awesome you are!

✖ Spread the love and share this post (and the event page) so everyone can rock out with us!!

✖ Get ready to rock on Wednesday 5/21!

Cannot wait to look up and see you on stage with me!

XO, Daria

Ps. This concert will be brought to you by CO-OP Connected Credit Unions. Empowering people. Amplifying Dreams.
This Hangout On Air is hosted by Daria Musk. The live video broadcast will begin soon.
Wed, May 21, 2014, 8:45 PM
Hangouts On Air - Broadcast for free

283 comments on original post
Credit unions offer many – and, in some cases, all – of the same products and services offered by for-profit banks including checking, savings, loans and online banking. Credit unions even have their own nationwide ATM network.