Kansas Corporate E-Newsletter - Kansas Corporate Credit Union

Kansas Corporate E-Newsletter
March 2016
www.kansascorporate.org
Who Let the Wonder-Dog Out?
Rex Hudler Keynotes 2016 Annual Meeting
In This Issue
The Kansas City Royals may be on their
way to Chicago to take on the White Sox
but Rex has plenty of time before he joins
the team in the Windy City, to teach us
all how to Be a Fountain, Not a Drain, as
well as meet, greet, and possibly even eat
(breakfast).
The A’s to Your Q’s
Be a Fountain,
Not a Drain
Page 2
Lori Domian, Compliance Cop
Page 2
Back2Back Conferences & More
Page 3
Have You Heard the One...
Page 3
While the Royals are Away
the big leagues, Hudler played baseball,
soccer, AND football, earning first-team
All-America honors as a wide receiver. His
talent landed him 25 football scholarship
offers and a 1999 induction to the Fresno
Athletic Hall of Fame. Notre Dame was
where he signed a letter of intent to play
Rex Hudler, World Champion Kansas
City Royals Broadcaster, will share
stories of his life, in and out of baseball, and the importance of staying
positive in the face of change at the
2016 Annual Membership Meeting.
Page 4
An Advocacy Army
Page 5
How Many Cooks in the Kitchen?
Page 5
Holiday Drought
Page 6
Kansas Corporate Credit Union
8615 W. Frazier
Wichita, KS 67212
Toll Free | 800.721.2677
Local | 316.721.2600
Fax | 316.722.2025
www.kansascorporate.org
Rex Hudler, sports commentator
extraordinaire, began his broadcasting
career as a special correspondent for
“Good Morning America” during the
1997 playoffs, World Series and 1998
Super Bowl. He just completed his third
season alongside Ryan Lefebvre and Steve
Physioc as a World Champion Kansas City
Royals television color commentator on
FOX Sports Kansas City.
But before Rex commentated the game,
he played it. For 21 years, he played it.
From 1978 to 1999, Hudler played for 18
different teams, including a 1993 stint in
Japan. In 774 career major league games,
Hudler registered a .261 average, 56 home
runs, 169 RBI, and earned the nickname
“Wonder-Dog”. Before he made it to
football but he was drafted and signed by
the Yankees before he could.
Rex was honored as the 2003, 2005,
and 2007 Television Color Analyst by the
Southern California Sports Broadcasters
for his work on Angels broadcasts for
KCAL and FOX Sports Net and he won an
Emmy in 2004 for “Angels in the Infield”.
And that’s not all, folks. Not even close.
You know you’ve made it big when you
are a video game voice! Rex is featured
as the color commentator alongside
Jon Miller on ESPN’s 2004 MLB video
game, Sega’s MLB 2K3 video game, and
the 2006, 2007, 2008, 2009, and 2010
MLB “The Show” video game. (So cool!)
Continued on Page 6
Corpor@te Link is a bi-monthly publication of Kansas Corporate Credit Union
Kansas Corporate Credit Union
The A’s to Your Q’s
Counting Down to Same Day ACH
In 176 days, give or take a day (or a week), Same Day ACH becomes effective - September 23rd, to be exact. Provided below are
some Frequently Asked Questions (the FAQ’s) to address the expected changes within the coreCONNECT-ACH environment, as well
as a list of industry resources should you want to know even more.
Q1 | Is our credit union required to participate in Same Day ACH?
As an RDFI, you are required to receive Same Day ACH. As an ODFI, you may choose to originate Same Day ACH, but are not required
to do so.
Q2 | How will Same Day ACH affect our incoming ACH files we receive in coreCONNECT?
Currently, your ACH file is a “combined” file that is delivered in the early morning for posting. With Same Day ACH, there will
be additional files - up to 4 more files per day - which will be delivered as individual files for posting. Some files may contain
ACH entries that will have effective entry/settlement dates of the current day and you will need to post them and make funds
available no later than the end of processing on the settlement date.
Q3 | What time will these 5 files be available for posting?
The Fed has set target distribution times, however, exact file delivery times are yet to be determined. We expect the approximate
times for files to be - 5:30 AM, 11:30 AM, 3:30 PM, 4:30 PM (ACH Same Day Returns only), and 9:30 PM. (All times are stated in
Central Time.)
Q4 | Is there a way for the files to be delivered directly to my data processor/core system instead of our credit union staff downloading
these individual files from coreCONNECT?
Absolutely! If your credit union staff currently download the files from coreCONNECT-ACH, you can sign up for the FTP delivery
method. This means the ACH files will automatically be sent securely to your core processing system for posting. In addition, the files
are still made available to you within coreCONNECT. If interested in FTP delivery, please contact Alilia Yerxa, Operations Supervisor,
at [email protected] to discuss. (But, please do it quickly -there is a July 2016 deadline for choosing this delivery method.)
Continued on Page 4
Lori Domian, Compliance Cop
Employee Spotlight
Lori Domian is Kansas Corporate’s new Compliance Officer but she’s not new at all. Lori began
her corporate credit union career at Missouri Corporate (MCCU) in 2001 as the Director
of Member Services. This past July, Lori joined Kansas Corporate through the merger with
MCCU but was still on the Operations side of things until late February when she was
promoted to her new position.
As Compliance Officer, Lori serves as the KCCU Bank Secrecy Act officer, develops and manages
all details of the compliance management program, facilitates the Vendor Management
Program and helps coordinate and conduct required annual risk assessments. She is also
one of two Accredited ACH Professionals on staff.
In her own words...I like to spend time with my husband! I very much enjoy spending time outside - gardening and doing
yard work of any kind and I really love to mow my grass (almost acre yard) and not on a rider - push mower! (YOU GO GIRL!
I added this.) I enjoy taking walks with my best 4 legged friend - Maxine. Also, enjoy reading good books, and watching
cooking and home improvement shows! Favorite food - Mexican cuisine because it goes best with Margarita’s! (YUM.
Another addition.) Great having you here, Lori!
Lori’s Contact Information - 800.721.2677 ext. 125 | [email protected]
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Kansas Corporate Credit Union
Back2Back Conferences & More
CU Business Group Updates
The 2016 CUBG National Business Services Conference dates have been announced. (Notice the plural?) Scoot out to
Portland, OR, August 8-10th, or scurry over to Reston, VA, September 19-21, 2016 - either direction you head, you’ll end
up attending the conference every single 2015 attendee said they would recommend others attend. CU Business Group’s
conference provides attendees a unique experience jam packed with education, products and services, best practices,
statistics, forecasts, and networking galore. All those folks that recommend the conference, rave about the networking
opportunities being the MVP of the conference! Look for more information soon but go ahead and set your out of office you absolutely cannot miss this event!
In Early February, the NCUA Board unanimously approved the MBL final rule, which significantly amends
Regulation 723, Member Business Loans, and allows credit unions greater regulatory flexibility in
business lending. (That’s good news.) CU Business Group advocated on behalf of credit unions for early
implementation of the rule and performed a poll a few weeks after its approval to learn how credit
unions were reacting to the changes. Of the 750 invited credit unions, most responded they expect
minimal or no policy changes are in order under the revised MBL regulation. (That’s good news, too.)
Should you need counsel on the rule or any ol’ business services question, seek out CU Business Group
- 866.484.2876/www.cubg.org.
“We applaud the new regulation allowing credit unions to set their own risk tolerances and credit practices.
It’s interesting to see that even with fewer regulatory restrictions the majority of credit unions do not plan
to drastically revise their business lending policies,” commented CUBG President/CEO Larry Middleman.
“This shows that credit unions are focused on maintaining strong credit risk management parameters.”
Have You Heard the One...
Two Accomplished Guest Speakers Join Rex at the Podium
An economist, a payments revolutionist and a sportscaster walk into the 2016 Kansas Corporate Annual Meeting...
and completely enthrall and educate the audience!
(This is the 2016 Annual Meeting speaking lineup not some random saloon joke, silly!)
Scott Borger, Ph.D., Senior Economist/Office of the Chief Economist with the National Credit Union
Administration (NCUA), and Todd Mackey, VP-Payments System Research & Payments
Strategies, with the KC Federal Reserve Bank, will grace the stage alongside Rex Hudler, at the
2016 Kansas Corporate Annual Meeting!
Mr. Borger’s presentation will look at key trends in the U.S. economy including the regional
impact on credit unions from the decline in oil prices and the slowdown in the global economy.
Scott joined the Office of the Chief Economist at NCUA in 2012. He provides NCUA staff with
economic analysis and builds quantitative models of risk in the credit union industry.
Scott Borger, Ph.D., Senior Economist/Office of the Chief Economist - NCUA, pictured.
Continued on Page 6
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Kansas Corporate Credit Union
Same Day ACH
(Continued from Page 2)
Q5 | Can our credit union set up to receive individual ACH files before the September 23rd start date so we have everything
established beforehand?
Certainly! In fact, we recommend it. This will allow you to put processes in place before the change becomes effective.
Keep in mind, these extra files may have different delivery times than the September 23rd implementation, though.
Q6 | Can we originate same day debits and credits?
Beginning September 23, 2016, an ODFI may originate CREDITS ONLY for same day settlement. This is something
to consider if you are submitting “balanced” files that contain debits. Beginning September 15, 2017, an ODFI may
originate debits AND credits for same day settlement.
Q7 | Will there be changes to the origination time deadlines if we choose to originate Same Day ACH?
We anticipate editing the frequency that files are exported to the Federal Reserve Bank. Those time frames will be shared
with you in future communications.
Q8 | Should I contact my core processing vendor to find out if they’re ready for Same Day ACH?
Definitely! Core processors should be well aware of this change and making plans accordingly, however, you should contact your
vendor now to ensure their readiness, discuss operational changes, and include the FTP method as part of your conversation.
Have questions for Kansas Corporate? Reach out
to Alilia Yerxa, Operations Supervisor, and Lyn
Hollenbeck, VP-Operations, 800.721.2677 ext.
111 and ext. 113, respectively.
(The information provided above is based on the time lines
and changes communicated by industry experts, the
Federal Reserve Bank, and our vendor, LendingTools.com.
We will provide additional updates as the implementation
date nears.)
EPCOR, UMACHA & NACHA, Oh My!
Many ACH associations, including EPCOR (epcor.org) and UMACHA
(umacha.org) are providing educational opportunities to help
financial institutions understand and prepare for the Same Day ACH
environment. NACHA (nacha.org) provides a Resource Center for
accessing the ACH rule details, fact sheets, and checklists for Same
Day ACH implementation.
While the Royals are Away...
2016 Annual Meeting Events
We’ll play blackjack - YEA! Kansas City, MO, is home to America’s favorite pastime (baseball) and second favorite, as well
(gambling). Lucky us!
The 2016 Annual Meeting & Convention adds an evening of dinner, drinks and casino fun to its’ agenda this May. Sign up
today and join us for ALL these fabulous activities...
• The Kill Devil Cocktail Hour (and a half, actually) kicks things off in the KC Power & Light District, Wednesday evening.
• Thursday, we’ll meet, meet, meet, all day - well, not all day - where’s the fun in that? Attendees get a couple hours to
explore KC, relax, and hydrate before being whisked away to the Ameristar Casino.
• Additional hydration, dinner and gambling fun are all on tap, Thursday evening, at the Casino Royale event.
• Friday, we golf! Tiffany Greens Golf Club welcomes us back for a relaxed tournament that includes practice swings,
lunch, beverages, prizes, and fun, fun, fun (guaranteed) in the sun, sun, sun (fingers crossed)!
Registration is available online - visit the Kansas Corporate website Home Page - www.kansascorporate.org - and click the
banner ad or jump on the Upcoming Events page and click from there. A click here or a click there, either works.
Questions? Call Circe. She’s in the know - 800.721.2677 ext. 106. You can email her, too - [email protected].
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Kansas Corporate Credit Union
An Advocacy Army
2016 CUNA Governmental Affairs Conference
An Advocacy Army - that’s what CUNA dubbed the 5,000 strong in attendance at the 2016 Governmental Affairs
Conference, and, minus the combat boots, they were spot on. Kansas Corporate helped keep soldiers nourished and
hydrated during the week to be strong of body and spirit as they hiked that hill to deliver their credit union messages.
Kansas Corporate sponsored the Montana Credit Union Network Luncheon, Wednesday afternoon, (see Circe Gleeson, Tom
Boos, Donya Parrish and Tracie Kenyon - above left), the Nebraska Credit Union League Welcome Reception, Sunday evening,
(see Scott Sullivan, Larry Eisenhauer, and the Tom photo bomb - above center), and the Heartland Credit Union Association
Dinner, Tuesday evening, (see Larry again, Don Cohenour, Bob Thurman and Glen Scott - above right).
We appreciate the opportunity to sponsor and support our league partners as they work with
credit unions to better communities and lives!
How Many Cooks in the Kitchen?
February Board Meeting
Not too many, to answer!
Thirteen cooks, board members and KCCU staff alike, donned aprons
to produce some of the finest apple crostatas ever seen (and tasted)
at the February board meeting held at the KC Culinary Institute in
Overland Park, KS. We did all the hard work (wink, wink) while the
real chef merely prepared a delectable lunch.
We baked, bonded, devoured, and meeting-ed! Good times!
Above - L to R | Phil Weber, Steve Wansing, Kitty Gray, Glenna
Osborn, and Heather Seiler
Left - L to R | Tom Kjar, Larry Eisenhauer, Greg Winkler, Kenn
Miller, Ron Miller, Mark Kolarik, and Kent Gleason
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Kansas Corporate Credit Union
Wonder-Dog
(Continued from Page 1)
Off the diamond, Hudler and his wife, Jennifer, founded “Team Up for Down
Syndrome” to help support the Down Syndrome community nationwide. The
couple was awarded the 2007 Humanitarian Award by Stillpoint Resources.
(The accolades and accomplishments just keep coming but, sadly, the
newsletter space is finite.)
Don’t miss the Wonder-Dog! Register today!
Registration is available on the Kansas Corporate Credit Union website www.kansascorporate.org - click either the Home Page Banner Ad or visit
the Communications/Upcoming Events page to download the Registration
Packet.
Guest Speakers
(Continued from Page 3)
Mr. Mackey will provide background and an
update on the Federal Reserve’s efforts to
engage stakeholders and pursue strategies for
improving the U.S. payment system through
enhancing speed, safety, and efficiency.
In his role, Todd leads Bank staff responsible
for monitoring and analyzing emerging issues
in the payments system, including types of
payment methods, developments in payment
networks and the role of various participants,
including the Federal Reserve.
Todd Mackey, VP-Payments System Research & Payments Strategies - KC Federal
Reserve Bank, pictured.
Contact Information
Kansas Corporate Credit Union
Kansas Office
8615 W. Frazier
Wichita, KS 67212
316.721.2600
Fax | 316.722.2025
Missouri Office
2055 N. Craigshire Drive
St. Louis, MO 63146
Fax | 314.542.1347 & 314.542.1379
Montana Office
101 N. Rodney, Suite 2
Helena, MT 59601
Fax | 406.443.1276
Toll Free | 800.721.2677
www.kansascorporate.org
Executive Team
Larry Eisenhauer, President & CEO
Ext. 108 | [email protected]
Kent Gleason, EVP
Ext. 107 | [email protected]
Kitty Gray, CFO
Ext. 130 | [email protected]
Lyn Hollenbeck, VP - Operations
Ext. 113 | [email protected]
Kip Poe, VP – Information & Technology
Ext. 104 | [email protected]
See you in Kansas City - May 18-20!
Holiday Drought
Memorial Day
Please direct questions or comments
to Circe Gleeson, Marketing Manager,
at 800.721.2677 | Ext. 106 or email
[email protected].
Once Presidents’ Day passes, it’s forever until our next holiday closing. That
said, Kansas Corporate offices will close Monday, May 30, 2016, for Memorial
Day. Regular business hours will resume Tuesday, May 31st.
This closing may impact your regularly scheduled currency and coin order or
delivery. Please direct all inquiries to an Account Specialist - 800.721.2677
option 1 or email, [email protected].
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