October 15, 2013
Tuesday Edition
Washington wire

Despite the Federal holiday, the House and the Senate remain in session this week in attempts to resolve the debt ceiling crisis and, perhaps, reopen the Federal Government. This week the House will consider the American Indian and Alaska Native, Health, Education, and Safety Act. The Senate will consider judicial nominations, as well as a motion to proceed to consider S. 1569, which would suspend the limit on federal borrowing through Dec. 31, 2014.

The schedule for the remainder of the week has yet to be determined. Because this was a scheduled recess week for both chambers and because committee staffs have been operating at reduced staff levels for the past two weeks, there are no hearings scheduled.

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InfoSight spotlight: remittance transfers

The remittance transfer rules issued by the Consumer Financial Protection Bureau (CFPB), to protect consumers who send money electronically to foreign countries, take effect Oct. 28.

The Remittance Transfer topic in the ACH/Electronic Payments Channel contains information needed to comply as well as links to the relevant CFPB webpages and the CUNA E-guide.

For additional information on this subject be sure to read CUNA's Credit Union Magazine article, "Remittance Transfer Rule Takes Effect Oct. 28."

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Bill Cheney to visit Alabama next week

Credit unions across Alabama and the Florida panhandle have an opportunity to meet with CUNA President/CEO Bill Cheney next week. Cheney and LSCU & Affiliates President/CEO Patrick La Pine will hold a series of meetings across the state from Oct. 22-25.

Credit unions are encouraged to attend the meetings to ask questions and to learn more about the pressing issues facing credit unions from a national perspective. This is the perfect opportunity to provide feedback to Cheney on the job CUNA is doing and how credit unions are working together on the issues.

Here are the meeting dates:

  •  Oct. 22 - NE &Shoals Chapter
  •  Oct. 22 - Birmingham Chapter Legislative Night
  •  Oct. 23 - Tuscaloosa Chapter
  •  Oct. 23 - Montgomery Chapter
  •  Oct. 24 - Mobile Chapter
  •  Oct. 25 - NW Florida Chapter

Check out this special message from Cheney on his upcoming visits. If you would like to attend one of the meetings, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545 ext. 2181. 

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CU Auto Club makes auto loans easy and affordable

The Credit Union Auto Club provides outstanding roadside assistance coverage at the competitive savings that credit union members want.  Credit unions are finding it is a great tool to enhance their member experience, especially when it is teamed with auto lending.

Now, through a special online portal, your credit union can purchase up to 100 Credit Union Auto Club memberships – all in one transaction – with a $10 savings off of each regular member price.  This promotional price, available just for credit unions, allows you to include the Credit Union Auto Club as a value-added premium for auto lending campaigns, new member acquisition gifts, or even as recognition for your employees. Plus, you still earn marketing reimbursements with each membership purchased.

Click here to view Credit Union Auto Club promotion pricing.

Click here for steps to use the promotional portal. 

Click here to enroll or to learn more about Credit Union Auto Club.

For questions on the Credit Union Auto Club, contact a LEVERAGE Business Development Consultant

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In This Issue
Tuesday Edition
Washington wire
InfoSight spotlight: remittance transfers
Bill Cheney to visit Alabama next week
CU Auto Club makes auto loans easy and affordable
LSCU & Affiliates Media

CUDE Training - Register for 2014

Credit unions discuss what CUDE training has meant to them. LSCU & Affiliates President/CEO Patrick La Pine is one of the featured interviews. Visit the NCUF's website to register for 2014 training. 

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. 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
Oct. 22 Healthcare Reform Update
Oct. 23 Adverse Action What to Do/When to Do It
Oct. 24 HMDA/Effective Fair Lending
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