Member Login

THE MEMO

DAKOTA CREDIT UNION ASSOCIATION
  • Advocacy
    • Government Affairs
    • Grassroots Action Center >
      • Advancing Communities
      • Bill Tracking
    • Political Fundraising
    • Regulatory Advocacy
    • Preserving Financial Choice for North Dakotans
  • Compliance
    • Compliance Resources
    • Compliance Solutions >
      • AffirmX
      • CECL
      • ComplySight
      • CU CMS
      • CU PolicyPro
      • InfoSight
      • PayLynxs
      • RecoveryPro
      • Training
    • The Memo: Compliance
  • Member Resources
    • Awards >
      • DakCU Awards
      • CUNA Awards
    • CU Awareness (SWAP)
    • DakCU Foundation >
      • Donor Wall
      • Memorials
      • Vacation Sweepstakes
    • DakCU Health Benefits Trust
    • Financial Well-Being for All
    • Professional Development >
      • Chapters
      • Emerging Leader Program
      • Sales CU Training
      • Training
    • Strategic Partners >
      • CAP Program Directory
      • Compliance Solutions
      • Pee Wee and Friends®
  • News & Events
    • The Memo
    • Events Calendar
    • Annual Summit >
      • Crashers
      • Presenters
      • Sponsors
    • New Ideas
    • Sales CU Training
  • About Us
    • Board of Directors
    • Contact Us
    • Our Team

Dakota Sister Society Webinar Focuses on Predatory Lending

1/31/2022

 
Picture
Recent session focused on the dangers for consumers and the opportunity for credit unions to educate and enhance member relationships. 
by Shawn Marie Brummer, Communications Specialist

The Dakota Sister Society, led by Nanci Wilson (Marketing & Community Engagement with University FCU) offered a free webinar recently for those who wanted to learn more about predatory lending. Special guest speaker was Kerri Smith with Self-Help Credit Union, where there has been a focus on bringing resources to their local communities and to individuals that have not been equitably served previously.

Discussion included:

Examples of high-cost lenders (finance companies, auto title lenders, payday lenders, rent-to-own, and buy here/pay here auto dealerships).

How the “debt spiral” works (the cost to consumers and how re-borrowing happens).

Stunning examples of high-cost lending (how the elderly and poor are frequently targeted).

Impact of predatory lending on physical health (statistical evidence of payday loans and health risks).

Interest rate caps and potential impact (what credit unions can do to support this effort).

The subject of Wednesday’s webinar was particularly timely with the increased focus on “Financial Well-Being for All” which is being driven by the National Credit Union Foundation.

WATCH THE RECORDED WEBINAR HERE.

Everyone is invited to join the next Dakotas Sister Society Meeting on Thursday, March 17th at 2:00 p.m. (CT) with special guest speaker Christopher Morris, Engagement Consultant from CUNA. The topic will be “Motivating Your Whole Team to Be a Part of the Credit Union Movement.” Sign up here and be sure to follow the Dakotas Sister Society Facebook Page.
 
Additional resources:

Scarcity: Why Having Too Little Means So Much – book by Sendhil Mullainathan

Side Effects – the financial crisis of cancer hiding in plain sight and how credit unions can help.

Dakota Sister Society is a sister organization to The Global Women’s Leadership Network (GWLN), an initiative of Worldwide Foundation for Credit Unions, the fundraising and engagement arm of World Council of Credit Unions (WOCCU). GWLN is one of the original diversity, equity and inclusion (DEI) initiatives established in 2009 by WOCCU to provide women in the industry the opportunity to network and make a measurable difference in the lives of each other, in the lives of members, and within their communities.
Picture

Comments are closed.

    The Memo

    The Memo is DakCU's newsletter that keeps
    ​credit union professionals updated on current news and information. ​

    Memo Home

    Want the Memo delivered straight to your inbox?
    Sign Up Now


    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021


    Categories

    All
    Action Alert
    Advocacy
    Awards
    Awareness Campaign
    Compliance
    CUPAC/CULAC
    Dakota CUs Give Back
    Events
    Facebook Creeping
    Financial Well Being
    Foundation
    Fraud Alert
    Grants
    In The Spotlight
    Marketing Tips
    Member Solutions
    Miscellaneous
    ND Legislative Update
    News And Notes
    President's Perspective
    Press Releases
    SD Legislative Update
    Webinars

Copyright Dakota Credit Union Association.  All Rights Reserved.
2005 N Kavaney Dr - Suite 201 | Bismarck, North Dakota 58501
Phone: 
800-279-6328 | info@dakcu.org | sitemap | privacy policy
Picture
Picture
Picture
  • Advocacy
    • Government Affairs
    • Grassroots Action Center >
      • Advancing Communities
      • Bill Tracking
    • Political Fundraising
    • Regulatory Advocacy
    • Preserving Financial Choice for North Dakotans
  • Compliance
    • Compliance Resources
    • Compliance Solutions >
      • AffirmX
      • CECL
      • ComplySight
      • CU CMS
      • CU PolicyPro
      • InfoSight
      • PayLynxs
      • RecoveryPro
      • Training
    • The Memo: Compliance
  • Member Resources
    • Awards >
      • DakCU Awards
      • CUNA Awards
    • CU Awareness (SWAP)
    • DakCU Foundation >
      • Donor Wall
      • Memorials
      • Vacation Sweepstakes
    • DakCU Health Benefits Trust
    • Financial Well-Being for All
    • Professional Development >
      • Chapters
      • Emerging Leader Program
      • Sales CU Training
      • Training
    • Strategic Partners >
      • CAP Program Directory
      • Compliance Solutions
      • Pee Wee and Friends®
  • News & Events
    • The Memo
    • Events Calendar
    • Annual Summit >
      • Crashers
      • Presenters
      • Sponsors
    • New Ideas
    • Sales CU Training
  • About Us
    • Board of Directors
    • Contact Us
    • Our Team