September 11, 2013
Wednesday Edition
Hike the Hill begins with NCUA visit
Each year the League tries to maximize the fall Hike the Hill visit to Washington, D.C. This year a trip to the NCUA headquarters provided Alabama and Florida credit unions with an opportunity to speak directly with their federal regulator.

The NCUA meeting was attended by more than 40 credit union officials. The 90-minute session included NCUA Board Members Mike Fryzel and Richard Metsger. This was Metsger's first league briefing as he is just settling into his new role. The session was dominated by credit union questions from the group. Much of the conversation surrounded the regulatory burden from the CFPB. It was a very interactive session.

Hike the Hill gets earnest on Wednesday with Hill visits by Alabama and Florida credit union officials. Follow the visits on social media:

Last year the League facilitated a meeting with the Consumer Financial Protection Bureau and Director Richard Cordray. If your credit union has a story from Hike the Hill or pictures, post to one of the League's social media channels above. Check out more NCUA meeting pictures on the LSCU Action Center Facebook page. 
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Alabama update

Rep. Barry Mask resigns
On Sept. 4, Rep. Barry Mask (R-Wetumpka) of District 31 announced his resignation, effective Sept. 30. His assignments in the House include chairman of the Economic Development and Tourism Committee, chairman of the Legislative Building Authority, and member of the House Ways and Means Education Committee.

Mask has accepted a CEO position with the Alabama Association of Realtors located in Montgomery. At this time no dates have been scheduled for special elections to fill his seat.

Holmes wants to repeal gun bill
Rep. Alvin Holmes (D-Montgomery) plans to introduce legislation in 2014 that will repeal the Omnibus Gun Bill passed during the 2013 regular session. This  was one of the most highly contested bills the legislature has seen in years; repealing it will not be easy. Supported by the National Rifle Association and opposed by the Business Council of Alabama, legislators were placed in a political tug of war that eventually saw the NRA win. Rep. Holmes says he has bi-partisan support for a repeal, but he has yet to convince leadership to support his efforts. House Speaker Mike Hubbard (R-Auburn) is proud of the legislation and, without his backing, the bill might not make it very far in the process.

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Florida capitol report

Expedited foreclosure law stuck in slow lane
The Florida Current has a story on the number of new foreclosure filings in Florida. The story shows that foreclosures have been down for the past two months, despite a new law designed to speed up the foreclosure process, according to foreclosure defense lawyers and bank lobbyists. Official foreclosure statistics from the State Courts Administrator’s Office for July and August have not been released, but a report from RealtyTrac shows initial foreclosure filings dropped 28 percent in July in the year-over-year comparison.

Rep. Kathleen Passidomo (R-Naples) sponsored HB 87 this year as a way to address the foreclosure backlog in the court system. As of June 30, there were 327,938 foreclosure cases still pending in the courts, where the average foreclosure takes more than two years to complete. Rep. Passidomo said bankers are still responding to the new law, and the rebounding housing market is causing lenders to think twice about starting a new foreclosure case. Read the full story here. 

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Get your Ed(ucation) on

The LSCU & Affiliates has more than 100 educational opportunities for your credit union staff. There is literally a subject for everyone. Each Wednesday we project out some of the events that your credit union needs to attend. There are webinars throughout the week and those will also be featured.

Click the link and get registered for a webinar or in-person event.

Upcoming Events:

Visit the LSCU Events Calendar for more events.  

Upcoming Webinars in September:

All webinars are scheduled from 3 p.m. - 4:30 p.m. EST.  

For a complete listing of webinars for 2013, click here.

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Collections and Bankruptcy coming in October

The LSCU is offering a two-day Collections and Bankruptcy School that will equip credit union officials with up-to-date knowledge on the law. The school is an intensive group-live program. Frank Drake, a partner with the Raleigh-based firm of Smith, Debnam, Narron, Drake, Saintsing & Myers LLP,  will administer a strong dose of collections and bankruptcy law for credit union professionals, mixed with a generous measure of practical advice, forms, and procedures.

Register today for this two-day event in Lake Mary, FL.

  • Collections School
  • Tuesday, Oct. 8, 2013
    9 a.m. – 4:30 p.m. EST

  • Bankruptcy School
  • Wednesday, Oct. 9, 2013
  • 9 a.m. – 4:30 p.m. EST

Registration is $199 per day/person or $349 for both days/person.

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In This Issue
Wednesday Edition
Hike the Hill begins with NCUA visit
Alabama update
Florida capitol report
Get your Ed(ucation) on
Collections and Bankruptcy coming in October
LSCU & Affiliates Media

CEOs talk tax reform
Alabama and Florida credit unions talk about the "real" threat behind tax reform and what all credit unions should be doing before a bill is introduced.


LDC preview:
Jan Hargrave on body language
Body language expert Jan Hargrave will provide the Closing General Session keynote address at the Leadership Development Conference, Nov 6-8 in Point Clear, AL

Upcoming League Events
Sept. 12  Regulatory Compliance Update, Birmingham

Sept. 12  Handling Member Credit Report Disputes
Sept. 17  Directors & Financial Literacy Session 2: Monitoring & Measuring the 9 Risks Your Credit Union Faces
Sept. 18  Mandatory Compliance Series: Compliance Rules Deposit Operations Must Know
Sept. 19  Skip Tracing Tools & Techniques
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