November 12, 2013
Tuesday Edition
Trunzo named next CUNA Mutual Group CEO

CUNA Mutual Group announced late last week that Robert Trunzo, president of CUNA Mutual Group's Insurance and Financial Services, will be its next CEO. Current CEO Jeff Post will retire at the end of the year with Trunzo officially taking over on Jan. 1, 2014.

“Bob is uniquely qualified to carry on the work we started nine years ago to help credit unions, their members, small business owners, and America’s farmers reach their financial goals. He has been an integral part of what we built and is the best person to carry the vision forward,” Post said in a statement.

Trunzo joined CUNA Mutual Group in 2005. Among the jobs he held before CUNA Mutual group included the secretary of commerce under former Wisconsin Gov. Tommy Thompson. He is a member of the board of directors of the U.S. Chamber of Commerce, and the board of directors of the American Council of Life Insurers. He also served as chairman of the Southeast Wisconsin Professional Baseball Park board of directors, which oversaw the design, financing, and construction of Miller Park, home of the Milwaukee Brewers.

Post will remain with CUNA Mutual Group for six months following his retirement to help with the transition.

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Body language dominates last day at LDC

The LSCU & Affiliates Leadership Development Conference (LDC) wrapped up with two sessions Friday morning. The first was the CUSC of Alabama Annual Meeting and the second was the Closing General Session.

Body language expert Jan Hargrave provided the keynote address. She brought Corporate One FCU CEO Lee Butke on stage to talk about handshakes. She said palms up is a sign of respect where a finger pointing means the person is looking for control. Attendees enjoyed her look at how to spot a liar, including someone that wipes their face or ears too much with their left hand. A right hand on the heart is a genuine sign of respect. Hargrave also talked about how she often is asked to analyze presidents' body language or a celebrity in the news. Attendees left with fun ways to look at their staff and members, not to mention their friends. 

Credit Union Service Center President/COO Craig Beach spoke during the CUSC Annual Meeting. He said with CO-OP's 30,000 ATMs and 5,000 shared branch locations, no other financial institution can compete. It also shows credit unions' unique nature. The list of shared branching locations, nearly 5,200 is just behind three large banks for the number of locations. Another great way to show the strength of credit unions.  

For handouts from the session, check out the handouts section of the mobile app or the particular session description on the LDC website. For pictures from the LDC, check out the LSCU Facebook page


CUSC COO Craig Beach presenting during the CUSC Annual Meeting.


Jan Hargrave shows signs behind handshakes to Corporate One FCU CEO Lee Butke.

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Privacy legislation close in the Senate

The Senate is close to acting on on legislation to eliminate the requirement that annual (and usually redundant) privacy notifications be provided by credit unions, as well as other financial institutions. These notifications are required to go out to members and customers even if nothing has changed in the account terms.

CUNA and the League have not seen any opposition to the bill in the Senate. There is a feeling it might pass by “unanimous consent.” Once the Senate clears the bill, it goes back to the House which has passed a similar bill earlier this year. It is expected to be adopted.

This is a nice victory for credit unions.

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Nov. 14 - Deterring Employee Fraud webinar

OSCUI will host this free webinar on November 14, at 2 p.m. (EST). The presentation will provide real-world case studies to explain how a well-trained, active supervisory committee, and strong internal controls are effective means of deterring employee fraud. Click here to register. Also use the registration link to log into the webinar. Registrants should allow pop-ups from this website.

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In This Issue
Tuesday Edition
Trunzo named next CUNA Mutual Group CEO
Body language dominates last day at LDC
Privacy legislation close in the Senate
Nov. 14 - Deterring Employee Fraud webinar
LSCU & Affiliates Media

Part two: CUNA Inside Exchange with NCUA Chairman Debbie Matz 
Part two of CUNA Inside Exchange concludes with NCUA Chairman Debbie Matz. She discusses the NCUA 2014 budget, a final rule on CUSOs, risk-based capital, as well as a number of other topics.
Upcoming League Events
Nov. 13 Mobile Pymts/Impact/Choice/What Next
Nov. 14 Indirect Lending, Risks, Rewards, Mistakes
Nov. 18 New Mortgage Loan Origination
Nov. 19 Fair Labor Do's & Don'ts of Pay Issues
Nov. 21 1099 Reporting/Vendors/Foreclosures
Nov. 22 5 Definitions of a Qualified Mortgage
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