|October 8, 2013|
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.
Click here to view this week's schedule of committee meetings.
D Study Bill
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.
|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:
|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.
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.
|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
- 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.
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
|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.
|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.
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