CU Happenings – Feb. 9, 2018
Credit Union professionals mingle with Alabama legislators to connect on issues
During the Alabama Advocacy Conference, credit union professionals from throughout the state enjoyed an opportunity to meet with lawmakers to discuss credit unions and issues they considered important to bring to the attention of legislators. An early evening reception, hosted by Print Resources, followed a day of discussion on such issues as payday lending and the outlook for credit unions in 2018.
Pen Air FCU Earns “Best of Bauer” 5-Star Elite Rating
BauerFinancial Inc., announced that Pen Air Federal Credit Union has once again earned its highest 5-Star Superior rating. Having achieved Bauer’s highest rating for the latest 108 consecutive quarters, Pen Air has also been given the “Best of Bauer” status, a designation reserved only for those credit unions that have earned a 5-Star rating for 25 straight years or longer.
“Our mission is to enhance lives through exceptional service, strength and financial solutions,” said Stu Ramsey, president and CEO of Pen Air. “Earning this distinction proves that we are achieving our mission to provide exceptional strength. Our members can trust that their credit union is safe and sound.”
BauerFinancial Inc., the nation’s credit union and bank rating firm, has been analyzing and reporting on the nation’s financial institutions since 1983. A 5-Star rating by Bauer indicates that Pen Air is one of the strongest credit unions in the nation, excelling in such areas as capital, loan quality, profitability, and much more.
Corporate One FCU announces Riddle appointment to RTP Advisory Committee
Corporate One Federal Credit Union announcef the appointment of Keith Riddle, EVP, Enterprise Solutions Development, to The Clearing House’s (TCH) Real-Time Payments (RTP) Advisory Committee. The RTP Advisory Committee is formed from a diverse set of financial institution stakeholders to obtain input on the operation of TCH’s new real-time payments system, which was launched in November 2017 and is the first new core payments infrastructure in the U.S. in more than 40 years. The committee is comprised of senior executives from credit unions, community and mid-size banks, and trade associations.
The committee is charged with providing perspectives that will help RTP continue to be responsive to all financial institutions and drive adoption of RTP in an effort to achieve the goal of ubiquity by 2020. RTP meets the objectives of the Federal Reserve Faster Payments Task Force, and is open to all U.S depository institutions.
The RTP Advisory Committee will meet at least four times a year and has two primary responsibilities. The first is to provide input into the strategic execution of RTP. The second is to provide advice and support to TCH regarding RTP rules changes and RTP-related business initiatives, including new products and expansion of service to ensure that the system continues to provide value and meets the future needs of its users.