October 23, 2013
Wednesday Edition
LSCU & Affiliates hires new SVP

The LSCU & Affiliates have made a couple of structural changes to the League and LEVERAGE staff. With the departure of Scott Morgan, SVP of finance and administration, earlier this month, the LSCU & Affiliates has reconstituted several senior positions. LEVERAGE EVP/COO Marvin Garland moves into the new position of EVP/Chief Financial Officer. Garland will oversee accounting, IT, facilities, and shared branching. He will also direct the LEVERAGE Auditing and Consulting Services.

“Marvin is perfectly suited for this new role,” said LSCU & Affiliates President/CEO Patrick La Pine. “As a CPA, with extensive financial knowledge and background, this make for an easy transition. Plus, the LEVERAGE Audit and Consulting function is growing and Marvin’s continued leadership will help expand our footprint in the Southeast. Marvin will continue to work with contract negotiations and business acquisitions, as well as be the point person for several of our system partners.” In the move, Human Resources will now report directly to the president/CEO. With Garland’s move, a new position was created: SVP of Strategy and Business Operations. Credit union veteran Lisa Burroughs has been hired to fill this new role. Burroughs has been in the credit union movement for more than 20 years. Most recently she was the Chief Operations Officer (COO) for the $1.3 billion Michigan Schools and Government Credit Union. Burroughs spent 13 years at the credit union overseeing every aspect of their operations. She is also a former credit union CEO and vice president of marketing. She brings extensive experience in sales, marketing, and business development.

“We are excited to bring someone of Lisa’s caliber and credentials on board,” said La Pine. “She holds five CUNA accreditations and one from CUES which shows her commitment to understanding every aspect of a an organization's operations. At Michigan Schools and Government she grew their sales by over 300 percent and assets by more than 230 percent. She knows small and large credit unions and has a proven track record of getting things done and will bring new energy to the organization.”

Burroughs will directly manage the day-to-day operations of various LEVERAGE departments and affiliated companies, as well as be the point person for various credit union system and vendor relationships. Transactional Services, Product Development, Marketing, Sales, and Product Management will fall under Burroughs. She will report to the president/CEO. Her first day is Dec. 2.   

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Florida capitol report

Former Department of Children and Families (DCF) Secretary George Sheldon will seek the Democratic nomination to challenge Republican Attorney General Pam Bondi. Sheldon says he plans to file paperwork Monday to run for the seat. He recently resigned from his position as acting assistant secretary for the Administration for Children and Families at the U.S. Department of Health and Human Services.

Sheldon was the DCF secretary under then-Republican Gov. Charlie Crist. Crist has since become a Democrat and is likely to run for governor. Sheldon also served as deputy attorney general under Bob Butterworth and is a former state representative. He sought the nomination for attorney general in 2002, coming in third to current Orlando Mayor Buddy Dyer who lost to Crist that year.

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Cheney kicks off Alabama visits in Huntsville, Birmingham

The LSCU & Affiliates President/CEO Patrick La Pine and CUNA President/CEO Bill Cheney began their tour of Alabama and the Florida panhandle with chapter meetings in Huntsville and Birmingham. The Birmingham Chapter also held a reception for Cheney, with the CUNA president and La Pine interacting with credit unions as well as lawmakers.

The Huntsville meeting consisted of the Muscle Shoals and Northeast chapters meeting at Redstone FCU to hear from Cheney. He presented a national overview of the movement including tax reform and the Don't Tax My Credit Union program. Credit unions asked great questions including the effect of the Affordable Healthcare Act. Cheney said his credit union will see a 40-percent increase in healthcare costs. 

In Birmingham, state Sen. Slade Blackwell (R-Birmingham) and Rep. Paul Demarco (R-Birmingham) attended the reception. This was a great opportunity to speak directly with state lawmakers and give them a broad view of of credit unions.

"The first two stops were exactly what we were looking for from credit unions. Asking questions on how the national issues would effect them and giving Bill excellent feedback. Getting a chance to interact with lawmakers was very positive. It's not often that they get to hear from the national movement," said La Pine. 

Wednesday La Pine and Cheney will stop in Tuscaloosa and Montgomery before heading to Mobile for Thursday. See more pictures from the trip on the LSCU Facebook page. 

CUNA President/CEO Bill Cheney (left) and LSCU President/CEO Patrick La Pine (right) talk with Redstone FCU EVP/CFO Kathy Cook.

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CUNA recognized for tax reform lobby

Politico, a widely read paper on Capitol Hill, recently looked at the top companies that have been lobbying during comprehensive tax reform discussions in Washington, D.C. A Washington Post analysis of the last year show that 440 corporations and businesses lobbied on tax reform with 10 companies standing out by the amount they used for lobby efforts.

CUNA was ninth on the list with just over $1 million spent for the credit union tax exemption. This also shows CUNA and the League's commitment to preserving the credit union tax exemption. Dow Chemical and Chevron topped the list with more than $2 million spent each. The Post found that tax exemption lobbying is up 10 percent this year.

Visit Politico to read the full story.    

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Third quarter Director's Resource now available

Each quarter the League produces a newsletter geared toward credit union directors. The LSCU Director's Resource has information about upcoming events specifically for directors, stories that will give them a greater understanding of what the League and CUNA is doing for credit unions, as well as stories that will enrich their job as a director.

Click here to view the latest edition of Director's Resource.

Highlights of the third quarter issue include:

  • a director's role in social media
  • educational opportunities for directors at this year's LDC
  • tax reform status update
  • upcoming advocacy events and more.

If you would like this and upcoming issues of Director's Resource emailed to you directly, sign up by sending an email request

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In This Issue
Wednesday Edition
LSCU & Affiliates hires new SVP
Florida capitol report
Cheney kicks off Alabama visits in Huntsville, Birmingham
CUNA recognized for tax reform lobby
Third quarter Director's Resource now available
LSCU & Affiliates Media

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Upcoming League Events
Oct. 23 Adverse Action What to Do/When to Do It
Oct. 24 HMDA/Effective Fair Lending
Oct. 29 Risk Factors in Loan Portfolios
Oct. 30 Checklists and Reporting
Nov. 5-8 Leadership Development Conference
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