November 25, 2013
Monday Edition
President's point

For most of us it’s a short, holiday week. The Thanksgiving holiday comes at the right time. It helps us to slow down and remember all that we are thankful for. Did you know that Pres. George Washington was the first to declare a “day of thanks?” Back then the day was set for Nov. 26. It wasn’t until Pres. Abraham Lincoln made it a national holiday that it is now the fourth Thursday in November.

What does this have to do with credit unions you ask? The early holiday was set aside to give thanks as one unified nation. Over this past year, that’s what we have been trying to recapture as the LSCU & Affiliates and as a movement. Speak with one unified voice. Our year began with CUNA unveiling the “Unite for Good” initiative which binds our credit union community closer together. In the spring, we unveiled our Don’t Tax My Credit Union initiative which has continued to be a major focus for all of us well into fall and most likely beyond. Once again, we’ve come together as a movement and loudly spoken with one unified voice.

For anyone that reads my columns on a regular basis, you know how I feel about collaboration and cooperation. Collaboration and the willingness to cooperate is one of the most unique qualities among credit unions. As the overall number of credit unions drops each year, we need to continue to harness this collaborative spirit, as well as unity and cooperation. We need to continue to work together on the chapter level, state level, and national level.

There is another side of Thanksgiving that is touched by credit unions and it impacts many lives in local communities. Credit unions do such a great job collecting food or making monetary donations to food banks and local charities. You love your communities and it shows. No other financial services player can touch what credit unions do every day to help their local communities. Credit unions live the philosophy of people helping people. In today’s technology-driven age, there is a hundred times more talk than action. Credit unions take action.

As you spend time away from your credit union this week, I hope with your friends and family, think about the difference you are making in people’s lives; not just members, either. Why are you doing this? It’s much more than “people helping people.” It’s much more than “people over profits.” Deep down, you know it’s the right thing to do. In the first Thanksgiving, the pilgrims gave thanks for simply surviving. Many people in our communities will give the same thanks this year. However, our credit unions are helping every day to make those numbers smaller. For that we can all be thankful. Have a safe and enjoyable Thanksgiving.  

Where’s Patrick: I’ll work this week in the Tallahassee office. To see my complete schedule for the next two weeks, visit LSCU Information for Credit Unions page. 

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Florida's statewide unemployment rate drops

On Friday, Gov. Rick Scott announced that the statewide unemployment rate dropped from 6.8 percent in September to 6.7 percent for October. The statewide unemployment rate has remained below the national average of 7.3 percent since March 2013. Florida has created 440,900 private sector jobs since December 2010.

Gov. Scott said, “Florida’s unemployment rate is now below seven percent at 6.7 percent in October 2013. This is our eighth month below the national average. Over the last two months, the state has added more than 67,000 private sector jobs. This is great news for Florida families."

The state gained 20,800 private sector jobs in September 2013 and 46,400 private sector jobs in October 2013. Florida’s annual job growth rate from October 2012 to October 2013 is the fastest since June 2006. With 46,400 new private sector jobs last month, this is the most growth in a month since December 2010.

To view the Florida September and October 2013 monthly employment data click here.

Alabama's employment rate rose slightly from 6.4 percent in September to 6.5 percent in October, but still remains below the national average according to the Alabama Department of Labor

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CO-OP webinar Dec. 10: Go Time for Mobile Wallets?

Join CO-OP Tuesday, Dec. 10 for a free webinar to learn about CO-OP’s recommendations for credit unions considering this evolving technology of mobile wallets. The live event will include:

Consumer Expectation, Experience, and Engagement

  • What do consumers want from wallets now?
  • What’s the actual experience right now?
  • What are the missing ingredients to success?

What does CO-OP have in store to plug credit unions into this important trend?

  • CO-OP previews the redesigned Sprig product including M2A: Me to Anyone or the ability to pay anyone in or out of the network, enhanced web, and app user interface and more features on the roadmap.
  • Information on how to get started with Sprig.
  • Plus, CO-OP will soon have a product that allows credit union members the ability to control their card accounts via mobile device.

Click here to register. 

Did you miss the Nov. 13 webinar on Card Management by Remote Control? Check out what was covered - download the recorded webinar and a PDF copy of the presentation by clicking here.

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LEVERAGE partners for educational auto auction event

On Nov. 15 LEVERAGE and GE Remarketing hosted an event at the Manheim Fort Lauderdale auto auction. The event was attended by both current users of the remarketing program and credit unions interested in learning more about partnering with GE for the resale of their repossessed vehicles. Both were able to experience the value that GE brings from their expertise in the realm of remarketing. 

For more information on partnering with GE Remarketing for the resale of your credit union's repossessed vehicles contact a LEVERAGE Business Development Consultant.

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In This Issue
Monday Edition
President's point
Florida's statewide unemployment rate drops
CO-OP webinar Dec. 10: Go Time for Mobile Wallets?
LEVERAGE partners for educational auto auction event
LSCU & Affiliates Media

2013 Leadership Development Conference Wrap Up
Check out a wrap-up video from the Leadership Development Conference, Nov. 5-8. The video features some of the speakers and attendees. Make plans to attend next year. 

CUNA President/CEO Bill Cheney promotes CUNA's 2014 Governmental Affairs Conference.

Upcoming League Events
Nov. 26 Compliance Updates/Nonresident Accts
Dec. 3 Debt Series in Collection Process
Dec. 4 Fresh Look at Robbery Preparedness
Dec. 5 Cracking Code/Risk Based Exams
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