January 15, 2014
Wednesday Edition
Jolly wins Florida primary for Congressional District 13

In a somewhat expected result, David Jolly won the Republican nomination for Congressional District 13 in Florida. Jolly garnered 45 percent of the vote and easily beat challengers state Rep. Kathleen Peters and retired Marine Brig. Gen. Mark Bircher.

With the primary win, Jolly moves on to the special election in March. He will face Democrat Alex Sink for the right to fill the seat formerly held by Rep. Bill Young (R) who passed away in October. Sink was unopposed in the Democratic primary. Congressional District 13 encompasses Pinellas county in Tampa.

You can read more analysis of this race in the Washington Post and the Tampa Bay Times

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Florida Capitol Report

Atwater misses cut at FAU
According to The Associated Press, Chief Financial Officer Jeff Atwater is not a finalist for the Florida Atlantic University presidency. Atwater was one of 10 semifinalists for the position, but was left out when the search committee picked three finalists on Jan. 10. The finalists are former U.S. Sen. George LeMieux, Purdue University Management School Dean, Christopher Early, and the Clemson University Vice President for Economic Development, John Kelly. After missing the cut, Atwater said via Facebook that he plans to serve as Florida CFO for years to come.

Special election set to replace Steve Precourt in Florida House
A special election has been scheduled to choose a new representative for state House District 44, the secretary of state announced Friday. The district, which includes west Orange County, had been represented by Steve Precourt, a Republican who was also majority leader. Precourt resigned Thursday after being chosen to head the Orlando-Orange County Expressway Authority. A primary — if necessary — is set for March 11, with the special election to follow April 8. Precourt, 53, had been in the Legislature since 2006. He would have been termed out in November had he stayed in office.

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CDFI programs, WOCCU funded in congressional budget deal

CUNA reported Tuesday the $1.1 trillion negotiated budget deal worked out by lawmakers in the House and Senate includes money for two programs credit unions use. The U.S. Treasury's Community Development Financial Institutions Fund reportedly was scheduled to receive $226 million for the Community Development Financial Institutions Fund and $1.2 million for the Community Development Revolving Loan Fund.

CUNA and World Council of Credit Unions also requested $10 million for the cooperative development programs of the United States Agency for International Development, as well as $265 million for microenterprise and microfinance. Both of these requested amounts were included in the omnibus agreement, the association reported.

Click here to read the full Credit Union Times article. 

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2014 CUNA Mutual Loan Generation Marketing webinar series

CUNA Mutual Group’s 2014 Loan Generation Marketing webinar series begins Jan. 21 at 2 p.m. CST, with a session focused on recapturing auto loans and targeting new opportunities.

Webinars are conducted by CUNA Mutual Group loan generation marketing specialists and address top issues facing credit unions, including how to grow larger, more stable loan portfolios, create deeper credit union member relationships, and generate interest and member-friendly non-interest income. Webinars are free for all credit unions, run from 2 – 2:30 p.m. CST, and conclude with a live Q&A session.

2014 Loan Generation Marketing webinars:

  • Auto Loan Recapture®, Universal Auto and Next Car Purchase: Recapture Loans and Target New Opportunities – Jan. 21, March 5, May 6, July 16, Sept. 10, Nov. 5

  • Credit Card and Personal Loans: Growing Unsecured Loans – Jan. 28, Aug. 5, Nov. 12

  • Mortgage Recapture and First-Time Home Buyers: Increase Your Share of the Mortgage Market – Feb. 5 and July 22

  • Home Equity Recapture and Home Equity Acquisition: Grow and Diversify Your Loan Portfolio – March 18 and Aug. 14

  • Loan Generation Marketing: A Comprehensive Strategy – Oct. 7

Click here to register.
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First Quarter Economic Outlook webinar

LEVERAGE partner Vining Sparks is hosting a free First Quarter Economic Outlook webinar is THIS THURSDAY, Jan. 16, at 11:00 a.m. EST.

Join Craig Dismuke, senior vice president and chief economic strategist of Vining Sparks, as he takes a broad look at the strengthening economy and its potential challenges in the new year.

Click here to register now. 

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In This Issue
Wednesday Edition
Jolly wins Florida primary for Congressional District 13
Florida Capitol Report
CDFI programs, WOCCU funded in congressional budget deal
2014 CUNA Mutual Loan Generation Marketing webinar series
First Quarter Economic Outlook webinar
LSCU & Affiliates Media


President's Quarterly Report
LSCU & Affiliates President/CEO Patrick La Pine looks at the League's activities for the fourth quarter which includes an office move in Tallahassee, a new LEVERAGE hire and an update on tax reform.

Credit Union Trends Report - Jan. 2014
The first Credit Union Trends Report of 2014 is out and CUNA Mutual Group's Chief Economist, Dave Colby, sits down with Holly Fearing and says, "...the momentum from 2013 is carrying the industry in some positive directions in 2014."

Upcoming Event Deadlines
TODAY Hotel room group rate cutoff for ACUA State GAC
Jan. 16  Last day to receive "early bird" rate for Security & Robbery Training – Birmingham
Jan. 28 Last day to receive "early bird" rate for Small Asset Size Conference - Orlando
Jan. 29 Last day to receive "early bird" rate for Small Asset Size Conference - Ft. Lauderdale
Jan. 30 Last day to receive "early bird" rate for Small Asset Size Conference - Birmingham
Upcoming League Events
Jan. 15 IRA & HSA Review - DOMA Implications
Jan. 16 Fee Income 2014 Challenges-Issues
Jan. 22 Loan Member Has Died: Now What?
Jan. 23 Consumer Loan Portfolio Grading
Jan. 28 Reg CC Funds Availability & More
Jan. 29 Compliance & BSA for SR Mgmt-Board
Jan. 30 What is Personal Tax Return Telling Me?
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