Around the States - Wisconsin


'Prize-linked' savings comes to Wisconsin
Dec. 1, 2017 -- Gov. Scott Walker (R) has signed into law Assembly Bill 283, which authorizes credit unions, state-chartered banks and other savings institutions to conduct prize-linked savings promotions, designed to encourage regular contributions to a savings account by offering entries into a drawing for a prize with each deposit.

Lawmakers adopt modernization bill
Feb. 16, 2016 -- The state assembly has voted unanimously to pass AB 807, which would, in part, allow the state regulatory office (Office of Credit Unions) to accept a federal examination for the purpose of satisfying the 18-month exam requirement (CU Journal).

Corporate Central launches CUSO healthcare solution -- InterLutions
July 17, 2015 -- Corporate Central Credit Union on July 6 announced the launch of InterLutions LLC, a wholly-owned CUSO that will focus on providing innovative business solutions to advance the credit union industry and movement.

State Credit Unions Log Strong Performance for Quarter
May 6, 2015 – Wisconsin's credit union industry is off to a strong start in 2015, with net income up almost 22% in the first quarter.

UW Credit Union to Soon Break Ground on Second Wauwatosa Location
November 10, 2014 – University of Wisconsin Credit Union will soon break ground on its second Wauwatosa branch at 6510 W. State St.

Madison Area Credit Unions Score Well
November 8, 2014 – Madison, Wis. – Parker Community Credit Union isn't one of the biggest credit unions in the state.

Royal Credit Union Names Executive Vice President of Member Experience
September 10, 2014 – Eau Claire, Wis. – Royal Credit Union has named Amy Forcier-Pabst Executive Vice President of Member Experience. Forcier-Pabst will provide leadership to achieve RCU’s objective strategic goals, initiatives, growth, and research. She brings meaningful frontline experience; an unbridled passion for, and a deep commitment to, creating an exceptional Member experiences. Forcier-Pabst will lead Branch Operations, the Call Center, and the Investment and Insurance team.

Massachusetts, North Carolina and Wisconsin Regulators Elected to the NASCUS Board
September 10, 2014 – Nashville, Tenn. – At the 2014 NASCUS Annual Meeting on Sept. 10 in Nashville, three NASCUS Board members began new three-year terms.

Wisconsin Regulator Appointed to NASCUS Board

June 6, 2014Kim Santos, director of the Office of Credit Unions (OCU) at the Wisconsin Department of Financial Institutions, has been appointed to the NASCUS Board of Directors. Santos has been active within NASCUS for a number of years, having served on many of the Association’s committees and task forces.

Credit Unions Say Risk-Based Capital Hurts Farmers
May 27, 2014 – More than 20 credit unions from seven Midwest states told the NCUA the proposed risk-based capital rule would hurt their operations.

CUs, League Win Reg Relief as Wis. Gov. Signs CU Bill

April 17, 2014 – Madison, Wis. – Wisconsin Gov. Scott Walker signed a package of credit union regulatory reforms into law Wednesday—action that will ease regulatory burden for the state's credit unions and remove barriers they face when serving their memberships.

Wisconsin Letter Reminds Credit Unions of Their Responsibility Regarding Refunding of Unearned Guaranteed Asset Protection Charges and/or Credit Insurance Premiums
January 8, 2014 – Madison, Wis. – A Jan. 8, 2014 letter to credit unions, signed by Kim Santos, director of the Wisconsin Office of Credit Unions, was sent to remind all credit unions of their responsibility regarding the refunding of the unearned Guaranteed Asset Protection ("GAP") charges and/or credit insurance premiums when an installment sales contract purchased by the credit union prepays or terminates early. Section 424.205(3), Wis. Stats., requires a creditor to promptly make or cause to be made an appropriate refund of the unearned credit insurance premium when a consumer credit transaction with credit insurance is prepaid in full or insurance written on a consumer credit transaction terminates prior to its maturity date (i.e., repossessions or early lease terminations).


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Click here to submit your state-chartered credit union news stories to NASCUS VP Member Relations Alicia Erb