October 2021 Newsletter

Dear CUANM Members & Friends,
Our October 2021 eNewsletter is designed to add value to our member credit unions while sharing upcoming initiatives and events. We’re excited to share what’s ahead in this three-minute update.

In cooperation,
Juan E. Fernández Ceballos, President & CEO

Scholarship Opportunity

Leadership Summit Registration Fees Covered by African American Credit Union Coalition
Renee Sattiewhite from the African American Credit Union Coalition has generously offered to sponsor five registration fees to our November Onward & Upward Networking Leadership Summit. If you’re interested in joining us, but your credit union cannot cover the $299 registration fee, please email melissa@cuanm.org. We appreciate Renee’s commitment to education. Renee, thanks for being a #CURockStar! 

NM Credit Unions In The News — Media Updates

Join CUs Across the Country; Support Bill Before Congress Restricting IRS ReachIn a recent LinkedIn update to members, CUANM’s CEO, Juan Fernández Ceballos, shared his opposition to a bill before Congress that would jeopardize consumer privacy through increased IRS reporting. Click here for a piece by the Credit Union Times.

US Eagle FCU Eliminates ‘Painful’ Fees
Albuquerque’s US Eagle CU received national coverage on International Credit Union Day in this piece by the CU Times. Click here for the full article.

Upcoming Events

The Credit Union Association of New Mexico is offering three educational sessions in November. These events are designed to engage our members while passing along helpful resources for 2022 and beyond. Full details are available by using the hyperlinks below. Please share the following opportunities with your teams — we hope you can join us! 

Onward & Upward Networking Leadership Summit
November 16-17, 2021 @ Sheraton Albuquerque Uptown
Price: $299 (Includes Global Women’s Leadership Breakfast)

During this in-person conference, participants will sharpen their leadership skills while learning about upcoming marketing opportunities in NM. Attendees will also have a fresh headshot taken with a professional photographer, participate in two service projects, and more! Scholarship opportunities are available. Email melissa@cuanm.org to learn more. 

Global Women’s Leadership Network — NM Sister Society Breakfast 
November 17, 2021 from 8am to 9am @ Sheraton Albuquerque Uptown 
Price: $40 

Hosted by NM’s Sister Society, the networking breakfast will feature Pamelya Herndon from the New Mexico House of Representatives (District 28). Ms. Herndon is a passionate champion for the underserved who will share her journey working to encourage social justice and change. 

Bankruptcy & Collections Training 
November 18, 2021 
CUANM Office: 4200 Wolcott Ave NE, 87109 
Price: $249 

Presenter Frank Drake, a partner with Smith Debnam Narron Drake Saintsing & Myers, LLP, will empower participants with the tools and oversight needed to help expedite collection recovery.

Event Recaps

National Cooperative Business Association Impact Conference — October 4-8, 2021
CUANM’s CEO represented NM credit unions at the National Cooperative Business Association CLUSA International (NCBA CLUSA)’s Impact Conference. Juan led a panel discussion about policy changes benefiting and affecting co-ops across the country. To check out the exchange, visit https://lnkd.in/gjd3NSQa; his piece begins at the 1:38 mark.

Balloons, Breakfast Burritos & Banter — October 5, 2021
CUANM and Inclusiv combined forces to share how credit unions across the state could use the CDFI Certification process to empower economically distressed communities.

Call Center & Cannabiz Conferences — October 11-15, 2021
CUANM hosted two successful conferences in October. The National CU Call Center Conference – one we have been hosting for more than 25 years – and our inaugural National CU Cannabiz Conference. Both focused on unique areas of credit union operations while delivering excellent educational sessions and networking/community opportunities.

International Credit Union Day — October 21, 2021
The Credit Union Association of New Mexico joined credit unions across the globe in celebrating the credit union difference and the impact we have on the lives of our members. #PeopleHelpingPeople #icuday

Endorsed Partner Update

From CUNA Mutual Group:
Ransomware: What to Know to Create an Incident Response Plan
Ransomware attacks are unfortunately becoming more and more common at credit unions across the country. To avoid having their members’ stolen data shared and internal company secrets publicly released, victims are often told that they need to pay a hefty ransom. Unfortunately, six- and seven-figure demands have become routine among ransomware attacks. 

Ransomware has grown in frequency and severity, and the extortion demands have risen significantly. A ransomware incident is one of the most disruptive and costly attacks your organization can suffer,” according to Derek Laczniak, CIC, Director-Cyber Liability at M3 Insurance. He adds, “There’s no foolproof way of preventing ransomware attacks from occurring; however, there are a number of things to know to help you be prepared.”

To learn more about how your credit union can prepare for a Ransomware attack, checkout CUNA’s “Ransomware: A Checklist of Things to Know.

Catalyst Goes Live with Funding Agent Service
Catalyst Corporate Federal Credit Union, a leading wholesale financial services provider to 1,300+ credit unions, announces its Funding Agent Service is now live for credit unions on the RTP® network, the real-time payments system from The Clearing House. Catalyst Corporate’s Funding Agent Service facilitates comprehensive 24/7/365 funding management for credit unions on the RTP network. Click here for the full media release.

Social Media Channels

We’re in the process of reviving our social media channels. Check us out on LinkedIn and Twitter for the latest CUANM updates.

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