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Joe’s Special

Here is a grab bag of items I’ve been meaning to share with you – some monumental, others less so.  Hope you find them interesting…

Minnesota becomes the second state to enact a fraternal RBC law – You may have read about this in the Special Bulletin sent last week, but I thought it important enough to also include here.  On April 27, Minnesota Governor Tim Pawlenty signed into law a bill that, among other things, requires fraternals doing business in the state to meet Risk-Based Capital standards and provides state insurance regulators with the authority to protect consumers by ensuring that fraternals operate on a fiscally sound basis.  The law’s enactment culminates more than a year’s work between NFCA’s Minnesota-domiciled members and state insurance regulators.  The new law was crafted on a cooperative basis and was fully supported by the Minnesota fraternals, the NFCA, and state regulators.  It is a classic “win-win-win” for consumers (better protection of their financial security), for regulators (better tools to detect and prevent insolvencies) and fraternals (better rules that enhance their financial credibility with agents and members).  You can read a copy of the bill by CLICKING HERE.  With help and support from NFCA, New York enacted a similar law in 2009; other states are likely to propose RBC legislation in 2011.  Your Board believes that by proactively working with states and the NAIC to initiate efforts to enact tougher solvency regulation – rather than constantly playing defense – we have a better opportunity to influence the outcome of this legislation and ensure that such bills are fair and reasonable to consumers and fraternals.  Share your thoughts on this issue by posting your comments below…

Mennonite Mutual Aid Association to become Everence –
The Mennonite Mutual Aid Association will change its name to Everence at the end of 2010.  According to President and CEO Larry Miller, the society is making the change to grow its membership and attract younger people to the organization and its mission.  You can access a host of information on the reasons for the name change and the process that MMA went through to reach this decision (which is really fascinating reading, by the way) at www.mma-online.org.

“Opportunity to serve” key to Knights of Columbus membership growth –
Check out this press release.  Not much more I can add to that.  Is your society providing prospective members – especially younger members – with service opportunities that resonate with their interests?

Shameless self-promotion –
It’s always nice to hear from satisfied members, and I thought this comment in a recent e-mail from Theresa Kluchinski of the Ladies Pennsylvania Slovak Catholic Union was worth sharing:

“Just an FYI – In all the various e-mails received, there was one for a teleconference on Board Governance.  The cost was $199 and, if you wanted the CD as well, the cost was $268.  The conference is 1 hour 30 minutes!  With the various webinars being offered by the NFCA, our membership cost pays for itself through taking advantage of these webinars and the bonus is that you send us the information to replay whenever we need.”

Thanks, Theresa.  We’re glad you see the value in NFCA’s educational programs and encourage other members to take advantage of these timely and affordable courses.  To learn more about archived webinars or the webinar scheduled later this month on governance, just contact Allison Koppel, Vice President of Membership & Marketing, at akoppel@nfcanet.org or CLICK HERE

Ways your society can honor the troops in conjunction with Memorial Day – Almost every society does something to honor or support our men and women in uniform.  Here are four ideas – and four potential fraternal partners – you might want to pass on to your local lodge leaders for activities to coincide with Memorial Day…

  1. Give blood to the Armed Services – Visit www.militaryblood.dod.mil for more information and to find a donation center near you.
  2. Help soldiers’ kids – Help fund a class project at a military-serving public school by visiting www.LHJ.com/donorschoose.  
  3. Donate $5.31 – Contribute five bucks and some change on 5/31 to www.remind.org, which provides medical support and more to troops returning from war.
  4. Drop a line – Send a note of encouragement to a soldier via Operation Write Home at www.operationwritehome.org.  

What is your society doing to honor and support the military?  Share your stories here…

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