October 8, 2013
Tuesday Edition
Washington wire

With the government shutdown entering its second week and the deadline for raising the debt ceiling to avoid default about ten days away, Congress remains in Washington. The House will consider a series of small, targeted, appropriations bills to fund various agencies and government programs. The Senate has not indicated how it will act on these bills. It is possible that additional legislative business could be added to the schedule this week, but nothing has been announced at this time. 

Committee Meetings
Click here to view this week's schedule of committee meetings.

Regulation D Study Bill
Late last week, Rep. Robert Pittenger (R-NC) and Carolyn Maloney (D-NY) introduced H.R. 3240, the Regulation D Study Bill. This legislation would direct the GAO to conduct a study on the Federal Reserve’s use of Regulation D as a tool to conduct monetary policy and the impact its use has on consumers, credit unions, and other depository institutions. CUNA has been working with Reps. Pittenger and Maloney for several months to develop this legislation. Earlier this summer, Rep. Pittenger submitted questions for the record of a hearing with Federal Reserve Chairman Bernanke on this subject. CUNA strongly support this legislation and will work with the sponsors toward its enactment. A copy of CUNA's letter of support for this bill can be found on CUNA's website.

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LDC Early Bird extended to Oct. 12

Credit unions are encouraged to register today for the Leadership Development Conference (LDC) in Point Clear, AL Nov. 5-8. The early bird registration price has been extended until Oct. 12. This gives credit unions another week to register at a discount.

The LDC is designed to help credit union CEOs, executives, and directors become better leaders. The speakers include body language expert Jan Hargrave and NCUA Region III Director Herb Yolles, as well as an appearance by Yolles' replacement Myra Toeppa. She will become director after Yolles retires at the end of the year. There is literally something for everyone at the LDC:


Visit the LDC website today and register. Join your colleagues for a fun and educational experience in Point Clear.

General Closing Session speaker sponsored by: 

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InfoSight spotlight: advertising channel update

The Advertising Channel has been updated with three new pages,

  • Potential Violations of Common Bond Advertising Requirements
    The NCUA has recently cautioned Federal Credit Unions on their use of "anyone can join" advertising.

  • Trademark Law - The Lanham Act
    Many credit unions run afoul of the Lanham Act and do not even know it. Trademark infringement can be very costly. Review this topic for information on the Lanham Act.
     
  • UDAP/UDAAP
    Although credit unions are subject to many specific compliance requirements, when advertising products and services, all of these requirements stem from one general principle: Advertisements must be accurate and not deceptive or misleading in any respect, and they may not misrepresent the products and services that credit unions actually offer to their members.

Review the information today to help your credit union remain in compliance.

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Invest in America Newsletter and Frontline Staff Update

Follow the links below for the October editions of the Invest in America Newsletter and Frontline Staff Update.

Newsletter highlights:

  • TurboTax announces the "Triple Your Refund" sweepstakes, with the credit union member promoter discount
  • Auto loan promotions are easier and more affordable with credit union auto club
  • Scare up great member savings with Sprint
  • Get instant auto loan leads with the credit union member discount from GM

Share the newsletter with your entire team.

Customize and distribute the Frontline Staff Update to all employees, which provides a one page summary of all current IIA offers.

For questions, contact anyone from the Love My Credit Union team.

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Visitation set for Rodriguez

The LEVERAGE family lost a valuable member last week. LEVERAGE Senior Director of Transactional Services Larry Rodriguez passed away. He worked for LEVERAGE and the Alabama Credit Union League for more than 15 years. Many Alabama credit unions have been inquiring about Larry and being able to pay final respects.

His visitation is set. The details are below:

Visitation - Oct. 11 - 12 - 2 pm CDT
Crestview Memorial Gardens
4304 Johnson Street
Adamsville, AL 35005

In lieu of flowers, the family has asked for donations in Larry’s memory be made to JDRF.

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In This Issue
Tuesday Edition
Washington wire
LDC Early Bird extended to Oct. 12
InfoSight spotlight: advertising channel update
Invest in America Newsletter and Frontline Staff Update
Visitation set for Rodriguez
LSCU & Affiliates Media


La Pine and Cheney to Visit Alabama Credit Unions

In late October, LSCU & Affiliates CEO Patrick La Pine and CUNA CEO Bill Cheney will make a number of visits across Alabama to listen to credit unions and talk about issues.

 

President's Quarterly Video

LSCU & Affiliates President/CEO Patrick La Pine discusses third quarter happenings at the League and looks ahead to the fourth quarter. 

Upcoming League Events
Oct. 9 Strategic Plan Years
Oct. 9 What to Keep/What to Destroy/What Holds Up in Court
Oct. 15 IRA Essentials & Beyond Essentials
Oct. 16 IRA Essentials & Beyond Essentials
Oct. 16 BSA Training Muscle Shoals AM
Oct. 16 BSA Training Muscle Shoals PM
Oct. 16 Compliance Risks/Best Practices
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