October 31, 2013
Thursday Edition
Over 50 percent of smartphones use mobile payments

CUNA released a survey that finds that among smartphone users, more than half use their phone to make some type of mobile payment (defined as "any payment done using a mobile phone"). The survey also revealed that regardless of whether a smartphone owner uses mobile payments or not, security remains the foremost concern.

More than three-quarters of respondents (77.7 percent) listed security as their most serious concern. Other concerns were much less significant, no other category garnering more than 10 percent, including battery life of phone (6.9 percent), confusing to use (6.4 percent), not enough rewards/bonus features (5.1 percent), and inability to track a budget (4.0 percent).

"The fact that the overwhelming majority of smartphone users listed security as a top concern is a reminder to financial institutions and others that offer mobile payments that users won’t sacrifice convenience for security," said CUNA Executive Vice President Paul Gentile. “While there have been many advances made with mobile security in recent years, respondents’ concerns over security indicate financial institutions and companies in the mobile space must continue to stress their focus on security with their customers.”

Among respondents who use mobile payments, 91.6 percent indicate that ease of use is the greatest benefit. The most common single transaction dollar amount for a mobile payment was over $50 (34 percent), followed by less than $25.01 - $50 (9.2 percent), $10.01 - $25 (7.6 percent), $5.01-$10 (3.2 percent), and $0.01 - $5 (1.7 percent), 44.3 percent indicated that they don't use mobile payments.

Read the full story.  

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The League needs your DTMCU postcards!

The League’s DTMCU postcard grassroots effort has been a huge success! To date, LSCU has collected more than 75,000 postcards from credit union members to deliver to federal lawmakers in Alabama and Florida, asking them to preserve the credit union tax exemption.

Thank you for your dedication to this campaign – the League could not do it without you! If you have any signed postcards remaining at your credit unions, please send them to the League within the next week so that they can be sorted and delivered quickly. While the League is moving on from the postcard project for now, stay tuned for the monthly DTMCU newsletter to hit your inbox to keep up with the latest updates and how you can stay involved in the campaign.  

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Get your Ed(ucation) on

The 2014 LSCU & Affiliates Educational Events Calendar is now available. With budget season getting close to wrapping up, take a look at the calendar so you can plan out your year. The calendar includes all the 2014 LSCU & Affiliates events, as well as signature events held by the League's system partners.

Pricing is included to assist you with budgeting for the education and training opportunities you or your staff would like to attend. Please feel free to share this calendar with your colleagues and contact the League if you have any questions.

If your credit union is located in or near the scheduled event locations and is interested in hosting any of the educational opportunities located in your area, please contact Events Coordinator Brandy Norvell at 866.231.0545 x2172.

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LDC Mobile App now available

Staying connected to the Leadership Development Conference (LDC) has never been easier. With the new 2013 LDC mobile app, you can now bring the LDC to your phone or tablet.

The app provides quick access to:

  • LDC schedule
  • Speaker information
  • Hotel and exhibit hall maps
  • Multimedia

The app also makes it easy to stay connected:

  • Create your own schedule by adding your favorite sessions to “My Schedule”
  • Post and view pictures in the photo gallery
  • Got a question? Contact the League via phone and email
  • Get Social through the League’s Facebook and Twitter page

Download the app today. It's easy to download right to your Apple or Android* smartphone or tablet.

  • If you are an Apple user you can download the app directly to your phone from the iTunes App Store. Just search 2013 LDC.
  • If you have an Android* phone you can download the app directly from Google Play by searching 2013 LDC.
  • If you are downloading to an iPad click here

Once the app is downloaded, you will be asked to sign in and you're ready to go. It's that easy.

If you have any trouble downloading the app, contact LSCU VP of Communications Mike Bridges at 866.231.0545 ext. 1022.

** Please download to your phone or tablet, not your computer.

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In This Issue
Thursday Edition
Over 50 percent of smartphones use mobile payments
The League needs your DTMCU postcards!
Get your Ed(ucation) on
LDC Mobile App now available
LSCU & Affiliates Media


NCUA October Economic Report

Each month the NCUA Chief Economist John D. Worth provides an economic update for credit unions. The video covers a variety of topics including the effects the government shutdown had on credit unions. 

 
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Upcoming League Events
Nov. 5-8 Leadership Development Conference
Nov. 5 Civil Money Penalties/Examiners Findings
Nov. 6 Call Reports-What to Look For & Why
Nov. 7 POAs, Businesses, Trusts & More
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