Media Kit - MWCUA Mountain West Credit Union Association

Mountain West Credit Union Association
Table of Contents
Profile
Internal Structure
About Credit Unions
Products, Services & Initiatives
Member Credit Unions Listing
Key Contacts & Spokespeople
Boilerplate
Media Kit
2013
PROFILE
About Us:
The Mountain West Credit Union Association serves as the tri-state regional trade
association for credit unions across Arizona, Colorado and Wyoming. The Mountain
West Credit Union Association exists to protect, promote and perpetuate the credit
union movement in Arizona, Colorado and Wyoming by supporting a cooperative
philosophy, advocating at the state and federal levels and ensuring the protection of
local member credit unions.
Our Mission:
To Protect, Promote and Perpetuate the Credit Union Movement in Arizona, Colorado
and Wyoming.
Our Vision:
Our members so trust value and respect our advocacy, educational and value-added
services that we are the leader in unifying, promoting and ensuring the success of credit
unions.
Headquartered:
Denver, CO
Year Established:
2011
History:
The Mountain West Credit Union Association was established in 2011 when the Credit
Union Associations of Colorado and Wyoming merged with the Arizona Credit Union
League. The three organizations had served credit unions in Arizona, Colorado and
Wyoming for more than 75 years prior to merging.
Membership:
There are 132 member credit unions representing more than 3.1 million credit union
members throughout Arizona, Colorado and Wyoming. (See pages 9‒11 for listing.)
National & International Affiliations
● American Association of Credit Union Leagues (AACUL)
● Consumer Federation of America (CFA)
● Cooperative Trust
● Credit Unions for Kids® (CU4Kids)
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● Credit Union Executive Society (CUES)
● Credit Union House
● Credit Union National Association (CUNA)
● CUNA Mutual Group (CMG)
● CUNA Strategic Services, Inc. (CSSI)
● Filene Research Institute
● National Association of State Credit Union Supervisors (NASCUS)
● National Endowment for Financial Education (NEFE)
● National Cooperative Business Association (NCBA)
● National Credit Union Administration (NCUA)
● National Credit Union Foundation (NCUF)
● World Council of Credit Unions (WOCCU)
Regional & Local Affiliations
●
Western CUNA Management School (WCMS)
Arizona
●
●
●
●
Arizona Chamber of Commerce
Arizona Consumer Council
Arizona First
Arizona Small Business Association
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INTERNAL STRUCTURE
Mountain West Credit Union Association is a 501(c)(6) not-for-profit cooperative serving as the tri-state
trade Association in an effort to unify and support credit unions throughout Arizona, Colorado and
Wyoming. The Association serves and supports member credit unions through advocacy,
communications, community outreach, education and training, operational assistance, public affairs and
regulatory compliance assistance.
Board of Directors:
Eleven volunteer members of the board of
directors are elected by the membership and are
representative of each state the Association
serves. There are four board members
representing Arizona, five representing Colorado,
and two representing Wyoming.
Chairman:
Bob Ramirez, President/CEO Vantage West
Credit Union
Board member since 2011, chairman since 2013
Staff:
There are 30 full-time professional staff.
●
●
●
Phoenix, AZ, Office: 11
Denver, CO, Office: 17
Casper, WY, Office: 2
Fully owned and operated by Mountain West
Credit Union Association, Strategic Partners
Service Corporation provides member credit
unions with business partnerships and resources
by harnessing collective buying power to help
streamline internal credit union operations.
Mountain West Credit Union Foundation is the
501(c)(3) charitable arm of the Mountain West
Credit Union Association. The Foundation
supports credit union and community
development through a variety of scholarships
Board of Directors:
Nine volunteer board members are appointed by
the Association board to serve on the Strategic
Partner’s board of directors.
Board of Directors:
Twelve volunteer board members are appointed
by the Association board to serve on the
Foundation’s board of directors.
Chairman:
Bob Ramirez, President/CEO Vantage West
Credit Union
Board member since 2011, chairman since 2013
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Chairman:
John Uchida, President/CEO Space Age Credit
Union
Board member since 2011, chairman since 2011
and grants.
ABOUT CREDIT UNIONS
Cooperative Structure
●
Credit unions are 501(c)(1) federally chartered or
501(c)(14) state chartered, not-for-profit
cooperative financial institutions.
●
While still governed by state and federal
regulatory agencies, credit unions’ decision
makers are 100% volunteer and democratically
elected at large.
●
This not-for-profit cooperative structure is the
reason all credit union earnings are returned to
their members in the form of lower fees, lower
interest rates on loans, better returns on savings
and enhanced member services.
Seven Cooperative Principles
Safe, Secure & Aware
●
Credit unions have continued to maintain
prudent lending standards and refrained from
risky lending practices, which has allowed them
to continue to lend through tough economic
times and remain a reliable credit source for
members.
Click to view image online.
●
Credit unions in Arizona, Colorado and Wyoming have more than $32 billion in assets
combined and are backed by more capital than other financial institutions – about 10%
on average.
Assets
Capital
Arizona
$13.2 billion
9.52%
Colorado
$17.5 billion
10.85%
Wyoming
$2.2 billion
10.10%
Total/ Average
$32.9 billion
10.16%
Statistics as of March 2013
View quarterly statistics online at mwcua.com/statistics.
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●
Credit union member deposits are protected up to at least $250,000 by the National
Credit Union Share Insurance Fund (NCUSIF). The NCUSIF is managed by the National
Credit Union Administration (NCUA) and fully funded by participating credit unions. No
government or taxpayer dollars have ever been used to bail out a credit union, and the
NCUSIF is backed by the full faith and credit of the U.S. Government.
Community & Philosophy
●
Credit unions are locally based financial
institutions with a history of community support and
community involvement. The credit union
philosophy of “People Helping People” is indicative
of the purpose of their cooperative structure and the
investment they support in their community and
members by providing financial education and
counseling services.
●
Credit unions provide individualized
products and services to fit the needs of the
community they serve and focus on increasing the
financial well being of their membership and the
greater community.
Click to view image online.
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PRODUCTS, SERVICES & INITIATIVES
Credit Union Advocacy
Legislative and political advocacy is a primary focus for the staff at Mountain West Credit Union
Association. They provide a nonpartisan and unified voice for credit unions and the members
they serve at both the state and federal level.
Some current advocacy efforts include:
•
The Credit Union Small Business Jobs Creation Act aims to increase the
statutory cap in member business loans from 12.25% to 27.5%, which will
potentially create more than 146,000 new jobs nationally in less than one year.
Credit unions want to support communities’ local small businesses and job
growth and can do it at no cost to the taxpayers.
Estimated increase in employment
AZ
CO
WY
National
2,109
2,979
260
146,135
(Based on adjusted/conservative estimate of 1st
year increase in CU MBLs)
*Provided by CUNA Economics
•
Tax Exemption Status: Unfortunately, some in Congress want to raise taxes
and impose new fees on 96 million credit union members who
represent 40% of all Americans, yet represent only 6% of the
assets in financial institutions nationwide. And, they want to do
this despite the fact that credit unions are not-for-profit.
Credit Unions’ unique not-for-profit, cooperative structure is
what drives the credit union philosophy. While still governed
by state and federal regulatory agencies, credit unions’
decision makers are 100% volunteer and democratically
elected at-large. The structure is the reason credit unions have
the ability to offer a competitive advantage. Credit Unions’ not-for-profit
federal tax exemption is the reason they are able to offer lower fees and
better rates for their members.
Credit Unions are exempt from federal income taxes because they are not-forprofit and member owned, however, they do pay Social Security, Medicare,
county, city, school and other local taxes.
Information is available online at donttaxmycreditunion.org.
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Regulatory advocacy efforts focus on the fast-paced changes of financial regulations
and the great implications on credit unions and the communities they serve. The
Mountain West Credit Union Association staff works with local and national financial
regulatory agencies and provides expert guidance and support every day on a number
of regulatory issues affecting credit unions and their members.
Community and consumer advocacy focuses on a variety of news & resources
available. Search for a credit union that’s right for you at asmarterchoice.org, listen to
the Home & Finance Family Radio podcast series, and compare daily rates.
Credit Union & Community Development
Youth and Adult Financial Literacy is promoted within the credit union movement each
April during a National Youth Savings Challenge and annual awards are presented each
year recognizing credit unions that provide exceptional financial literacy services to their
membership and within their community.
•
Member credit unions recognized for exceptional financial literacy programs in
recent years include: Arapahoe Credit Union (Colorado) and Desert Schools
Federal Credit Union (Arizona).
Credit Unions for Kids is the primary fundraising vehicle for participating members of the
credit union movement, which supports the industry’s charity of choice, Children’s
Miracle Network Hospitals®.
•
In 2012, Mountain West Credit Union Association Member credit unions
contributed nearly $600,000 to Children’s Miracle Network Hospitals through
Credit Unions for Kids.
•
Credit Unions for Kids is the primary funding source for Phoenix Children’s
Hospital’s 1 Darn Cool School, which is one of only a few accredited K-12
programs like it in the country.
•
Collectively, America’s credit unions raised more than $1 million for Children's
Miracle Network Hospitals 2012. At $446,895 Arizona credit unions raised
more than any other state!
Mountain West Credit Union Foundation Scholarship and Grant Programs
•
The Bayman-Beach Scholarship is a $5,000 scholarship awarded annually to
one credit union member pursuing an undergraduate degree in business or
business-related studies.
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•
Credit union and community development grants of up to $5,000 are awarded
through the Mountain West Credit Union Foundation based on eligibility and
availability of funds.
Visit the website for more details.
International cooperative development
•
International Credit Union Day has been celebrated on the third Thursday of
October since 1948. Historically, credit unions celebrate and recognize their
membership by raising awareness about the history and philosophy of credit
unions as part of the international cooperative movement.
•
A Partnership with Federación de Cajas Populares Alianza, a credit union
association in Guanajuato, Mexico, and the Mountain West Credit Union
Association was formed in 2012 through the World Council of Credit Unions
International Partnership Program. This partnership brings participating credit
unions together to share the development of enhanced products and
services.
•
International young professional scholarships are available each year to
promote the next generation of leaders in the international credit union
movement and worldwide economic development.
Credit Union Services
A variety of products and services are provided to member credit unions under a
cooperative service model. Products and services include: marketing, lending, payment
systems, insurance, human resources, compliance services and platform products.
•
Lovemycreditunion.org is the umbrella program for credit union initiatives,
such as Invest in America, that helps credit union members save more on
American made vehicles.
•
NeighborBench is a compliance solutions platform helping member credit
unions reduce risk and remain current with ongoing, online assessments.
•
Indirect lending service platforms provide automotive lending programs to
credit unions and automotive dealers, which allows credit union members to
receive credit union loans directly from car dealers with more options and
more convenience. Read Filene Research Institute’s report on Choice of Auto
Lender.
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MEMBER CREDIT UNIONS
Arizona
91% affiliation
A.E.A. F.C.U.
Desert Medical F.C.U.
Snowflake Mills F.C.U.
A.P.C. Employees F.C.U.
Desert Schools F.C.U.
Southeastern Arizona
F.C.U.
Alhambra C.U.
E.M. F.C.U.
Altier C.U.
First American C.U.
American Southwest C.U.
First C.U.
Arizona Central C.U.
Hughes F.C.U.
Arizona F.C.U.
J.A.C.L. C.U.
Arizona State C.U.
Mohave Community F.C.U.
Banner F.C.U.
Pima F.C.U.
Bashas Associates F.C.U.
Pinal County F.C.U.
Canyon State C.U.
Pyramid F.C.U.
Cochise C.U.
Ray F.C.U.
Coconino F.C.U.
San Tan C.U.
Deer Valley C.U.
Shamrock Foods F.C.U.
Southwest Health Care C.U.
Sun West F.C.U.
Tempe Schools C.U.
Tombstone F.C.U.
TruWest C.U.
Tucson F.C.U.
Tucson Old Pueblo C.U.
U-Haul F.C.U.
Vantage West C.U.
Winslow Santa Fe C.U.
Winslow Schools F.C.U.
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Colorado
74% affiliation
Air Academy F.C.U.
Denver Fire Department
F.C.U.
Akron F.C.U.
Pikes Peak C.U.
Porter F.C.U.
Elevations C.U.
Arapahoe C.U.
Power C.U.
Englewood Municipal F.C.U.
Ashoka C.U.
Premier Members F.C.U.
ENT F.C.U.
Aurora F.C.U.
F C I F.C.U.
Public Service Employees
C.U.
Aurora Schools F.C.U.
Fellowship C.U.
Aventa C.U.
Pueblo Government
Agencies F.C.U.
Fitzsimons F.C.U.
B.C.S. Community C.U.
Pueblo Horizons F.C.U.
Foothills C.U.
Bellco C.U.
Red Rocks C.U.
Fort Morgan Schools F.C.U.
Big Thompson F.C.U.
Rio Grande Operating C.U.
Guadalupe Parish C.U.
Blue Spruce F.C.U.
Harrison District No 2 F.C.U.
Rocky Mountain Law
Enforcement F.C.U.
Boulder Municipal
Employees F.C.U.
Haxtun Community F.C.U.
School District 3 F.C.U.
Boulder Valley C.U.
Healthone F.C.U.
Sooper C.U.
College Credit Union of
Greeley
Holyoke Community F.C.U.
Space Age F.C.U.
Horizons North C.U.
Sterling F.C.U.
Lamar Civic F.C.U.
Sunwest Educational C.U.
Legal Community C.U. of
Colorado
Valley Educators C.U.
Community Choice C.U.
Community Financial C.U.
Metrum Community C.U.
Coors C.U.
Minnequa Works C.U.
West Denver Community
C.U.
Credit Union of Colorado
Mountain River C.U.
Western Rockies F.C.U.
Credit Union of Denver
Northwest United F.C.U.
Westerra C.U.
Credit Union of the Rockies
Otero County Teachers
F.C.U.
Westminster F.C.U.
Colorado C.U.
Columbine F.C.U.
Wedenem C.U.
D. C. Credit Union
White Crown F.C.U.
Partner Colorado C.U.
Denver Community F.C.U.
Yuma County F.C.U.
Peoples C.U.
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Wyoming
70% affiliation
Atlantic City F.C.U.
River-Rail Community F.C.U.
Campco F.C.U.
Sheridan Community F.C.U.
Cheyenne-Laramie County Empl. F.C.U.
Sunlight F.C.U.
Families First F.C.U.
Sweetwater F.C.U.
First Cheyenne F.C.U.
Trona Valley Community F.C.U.
First Education F.C.U.
Uniwyo F.C.U.
Green River Basin F.C.U.
Warren F.C.U.
Laramie Plains Community F.C.U.
WYHY F.C.U.
Powell Schools F.C.U.
Wyo Central F.C.U.
Reliant F.C.U.
Yellowstone F.C.U.
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KEY CONTACTS AND SPOKESPEOPLE
For an interview with any of the following individuals, please contact Joy Audet (602) 371-2203,
Director of Corporate Communications.
Association Spokespeople
Scott Earl
President/CEO, Mountain West Credit Union Association
Tim Dore
SVP, Government Relations, Mountain West Credit Union Association
Austin DeBey
VP, Legislative Affairs, Mountain West Credit Union Association
Joy Audet
Director of Corporate Communications, Mountain West Credit Union Association
Credit Union Spokespeople
Bob Ramirez
President/CEO, Vantage West Credit
Union
Susan Frank
President/CEO, Desert Schools Credit
Union
Dan Kester
President/CEO, Sooper Credit Union
Larry Knopp
President/CEO UniWyo Federal Credit
Union
Nathanael Tawarsokono
President/CEO, Pima Federal Credit Union
John Uchida
President/CEO, Space Age Federal Credit
Union
Marsha Tynsky
President/CEO, Trona Valley Federal
Credit Union
Mike Williams
President/CEO, Colorado Credit Union
Chairman, Mountain West Credit Union Association AZ
Chairman, Credit Union Strategic Partners
Vice-Chair, Mountain West Credit Union
Association
Vice-Chair, Credit Union Strategic Partners
Board Member, Mountain West Credit Union
Association
Treasurer, Credit Union Strategic Partners
AZ
CO
WY
Board Member, Credit Union Strategic Partners
AZ
Chairman, Mountain West Credit Union Foundation
CO
Board Member, Mountain West Credit Union
Association
Treasurer, Mountain West Credit Union Foundation
WY
Board Member, Mountain West Credit Union
Foundation
CO
Immediate Past Chair, Mountain West Credit
Union Association
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BOILERPLATE
About the Mountain West Credit Union Association
The Mountain West Credit Union Association is the regional tri-state trade association representing 132 member credit
unions, 3.1 million credit union members and $33 billion in assets throughout Arizona, Colorado and Wyoming. Not-for-profit
in nature, credit unions provide low-cost financial services to their members. Founded in 2011, the Mountain West Credit
Union Association serves and supports the interests of member credit unions through advocacy, community outreach,
education & training, public affairs, regulatory & compliance services and strategic partnerships. The Mountain West Credit
Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU) and
CUNA Mutual Group. Follow us on Twitter at twitter.com/mwcua and on Facebook at facebook.com/mwcua. To learn
more about credit unions visit AsmarterChoice.org
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