Late last month, a study by Karen Shaw Petrou from Federal Financial Analytics found credit unions are not meeting their statutory mission of serving individuals of “modest means.” The study also confirmed that credit union members are disproportionately from middle- and upper-income households. The report also notes that credit unions’ lack of “mission compliance” deepens economic inequality in the United …

Take note the OBA 2019-20 Emerging Leaders Academy is currently accepting applications. The OBA extends an invitation to any employee of a bank that is a member of the OBA to apply. A panel of bankers will review the applicants and choose those accepted into the Academy. Participants must attend all sessions to successfully graduate from the program. There are …

The OBA’s Annual Washington Visit has been scheduled for Sept. 15-17, 2019, and the hotel will be the Trump International Hotel Washington, D.C. Additionally, NEW this year, we are offering an offsite excursion to Mount Vernon that will include transportation, private tour (of the historic area, mansion & tomb), lunch and free time to explore the grounds. Registration information should …

Take note the OBA 2019-20 Emerging Leaders Academy is currently accepting applications. We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around …

The OBA’s Annual Washington Visit has been scheduled for Sept. 15-17, 2019, and the hotel will be the Trump International Hotel Washington, D.C. Additionally, NEW this year, we are offering an offsite excursion to Mount Vernon that will include transportation, private tour (of the historic area, mansion & tomb), lunch and free time to explore the grounds. Registration information should …

Join us from 4:30 to 6:30 p.m. (come & go) on Tuesday, Aug. 6, and enjoy beers and time with your banking peers at the Enid Brewing Company. The brewery is typically closed on Tuesdays, but they are opening their doors specifically for us. Bankers at the Brewery will provide a unique atmosphere to meet fellow banking leaders. The first …

In This Issue… OCC reports improvement in mortgage performance Annual Washington Visit scheduled 2019 Convention Golf Tournament rescheduled OBA education corner …

In This Issue… H.R. 3182, S. 1564 introduced to study CECL impact OBA past president passes over weekend Bankers at the Brewery event scheduled in August Deadline approaching to take Compensation Survey Answer leadership’s call: OBA Emerging Leaders Academy accepting applications Report: Credit unions do little to serve those of ‘modest means’ OBA education corner …

A new study has found credit unions fall short of their mission to serve low-income or “small-means” households. Credit unions enjoy many benefits, most notably a federal tax exemption. Many of these benefits stem from the original mission of credit unions to serve households of “small-means.” A recent report from the Federal Financial Analytics firm found the National Credit Union …

As a follow up to Tuesday’s OBA Update, we wanted to make sure our bankers took note of the new study that found credit unions fall short of their mission to serve low-income or “small-means” households. Credit unions enjoy many benefits, most notably a federal tax exemption. Many of these benefits stem from the original mission of credit unions to …