October 9, 2013
Wednesday Edition
Alabama update

D1 now a two-person race
With the first step in the race to become the new congressman from Alabama’s first district complete, Bradley Byrne and Dean Young will face each other in a run-off scheduled for Nov. 5. As a former state senator and two year college chancellor, Byrne finished first with more than 6,000 more votes than Young. However, neither received the required 50 percent of the vote to win the seat outright and will be forced to campaign for the next several weeks. In recent polling, Byrne was the favorite heading into the run-off. Most of the other candidates have endorsed Byrne and a survey of non-Byrne voters revealed that he would have been the second choice by a wide margin.

The winner of the run-off will face Burton LeFlore (D) in the general election. The district is heavily republican and the general election should not cause either republican much of a problem.

Who's next for Bachus' seat?
Last week Rep. Spencer Bachus (R-AL) announced his retirement at the end of his term. He is the longest serving member of the Alabama House delegation and is the current chairman emeritus of the House Financial Services Committee. Several names have been linked to the seat, which will open at the end of 2014. Initial favorites include State Sens. Slade Blackwell and Cam Ward, State Reps. Paul DeMarco, and Jack Williams, Jefferson County Commission President David Carrington, among others. To date, only Sen. Cam Ward and Rep. Jack Williams have announced that they will not seek the seat and will continue to seek re-election to their current positions.

Special election dates for HD 31 announced
With the recent resignation of State Rep. Barry Mask, another special election must take place in Alabama before the scheduled elections in 2014. Click here for the dates of the special election.

Quail hunt scheduled
LSCU & Affiliates will host its annual Credit Union Quail Hunt on Jan. 24 and 25 at Doublehead Resort in Town Creek, AL. The money raised from the quail hunt will benefit the LSCU FEDPAC. Last year, more than 40 attendees hunted over two days and raised nearly $7,000. The League will begin releasing more details on how to sign up or sponsor the quail hunt in the coming weeks. If you have any questions, contact Alabama Grassroots & PAC Coordinator Blake Westbrook at 866.231.0545 ext. 2164.

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Get your Ed(ucation) on

Check out these October webinars:

•    Oct. 16 - Conducting an HR Audit: Compliance Risks, Audit Areas & Best Practices

•    Oct. 22 - Health Care Reform: Update, Deadlines, Impact

•    Oct. 23 - Dealing with Adverse Action: What to Do & When to Do It

•    Oct. 29 - Critical Risk Factors in Loan Portfolio Management

•    Oct. 30 - Simplifying the Compliance Function: Tools, Checklists & Reporting to Keep You on Track

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Next week - LEVERAGE sponsors free hot topic HR networking workshops

On Oct. 15, 16, and 18, LEVERAGE will offer free interactive workshops on the big issues facing employers and the future impact on your credit union. You will leave these important meetings with answers to the following questions:

1.   Health Care Reform

  • How does healthcare reform impact your credit union? 
  • What requirements are already in place? 
  • What requirements will your credit union face in 2014 and beyond? 

2.   Salary Budgeting for 2014—What to Expect?

  • What impact does the improving economy have on salary budgets for 2014?
  • What will our employees be expecting?
  • What are some of the drivers affecting funding for rewards and incentive programs?

3.   Performance Management—Best Practices

  • What are signs that your pay and performance management philosophies may be misaligned?
  • What are the components of an appraisal system checklist?
  • How do you establish a merit-based matrix?

Click here for dates, times, and locations.

Sponsored by LEVERAGE HR Services and HRN Performance Solutions—RSVP to LEVERAGE Business Development Consultant Anita Fumaria.

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NCUA to host FREE risk-based lending webinar

The NCUA is hosting a free webinar, "Risk-Based Lending - More Than a Loan Pricing Tool," Oct. 22 at 2 p.m. The webinar will show how this type of lending can grow portfolios. Representatives from Lake Shore FCU and Greater Chautauqua FCU will provide real examples of how risk-based lending works for their credit union and helps members.  Resources will also be discussed that can help report back to the board and better understand the risk present in a portfolio.

Registration is free. Click here to register.
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NCUF seeks board nominations

The National Credit Union Foundation (NCUF) is asking for nominations for four board seats. The nominations are for two credit union executive or director seats, a CUNA board representative, and a corporate credit union representative. Volunteers serve up to three terms of three years each on the NCUF board as long as they are re-nominated by the NCUF Nominations Committee and re-elected by the NCUF board.
 
Click here for the qualifications for the four NCUF board seats. There are incumbents in three of the four seats. All have expressed interest in serving another term. The second credit union executive or director seat that will be vacant is open. Read more on the NCUF's website.

Qualified candidates should visit “Volunteer for our Board” on the NCUF website. Applications must be received by Oct. 31, 2013. 

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In This Issue
Wednesday Edition
Alabama update
Get your Ed(ucation) on
Next week - LEVERAGE sponsors free hot topic HR networking workshops
NCUA to host FREE risk-based lending webinar
NCUF seeks board nominations
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. 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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