January 23, 2014
Thursday Edition
'Vishing' scam uses NCUA name to con targets

Several credit union members have been contacted by an automated phone call claiming to be from NCUA and notifying consumers their debit cards have been compromised. The call then asks the receiver to follow prompts, which request personal information, including sensitive financial data and personal identification information.

Anyone contacted by this so-called “vishing” scheme should immediately contact NCUA’s Consumer Assistance Center Hotline at 800.755.1030 or by email to report the scam. Operators answer calls Monday through Friday between 8 a.m. and 5 p.m. EST.

For more information visit CUNA News Now

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Cheney goes live on radio to emphasize data breach costs to CUs

CUNA President/CEO Bill Cheney appeared on "The Hays Advantage" with host Kathleen Hays on Tuesday. Cheney told the national radio audience that, contrary to popular understanding, the expenses for reissuing cards are not and will not be reimbursed by Target. Rather, he noted, merchants are rarely held accountable for reimbursing financial institutions for the cost that the data breach has burdened them with and, in the case of credit unions, burdened their members.

Cheney noted that last week in Target's own admission of the breach, no commitment was made to avoid leaving card issuers, such as credit unions, responsible for costs of dealing with the breach. He added that merchants must be held accountable for these security breakdowns and that CUNA is asking the U.S. Congress to address the lack of retailer accountability, and is supportive of legislation to replace various state-based data protection laws with one single, federal standard.

Click here to read the full article from CUNA News Now and to listen to a clip from the show. 

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Now accepting entries for 2014 LSCU Awards

Pen Air's Betty Petree wins 2013 Distinguished Service Award.
Pen Air's Betty Petree wins 2013 Distinguished Service Award.

The League of Southeastern Credit Unions is calling for entries/nominations for the 2014 LSCU Awards. Entries for the prestigious award program will be accepted until end of day Friday, March 21, 2014. All credit unions are encouraged to participate in the program.

The entry deadline for the CUNA awards, such as Dora Maxwell, Louise Herring, and Desjardins, has been pushed back to a later date to allow more time in between submissions of the LSCU awards and the CUNA awards. The entry deadline for those awards is Friday, Aug. 8, 2014.

The award categories are Professional of the Year, Young Professional of the Year, Volunteer of the Year, CU of the Year, Distinguished Service, and Brother's Keeper. The awards brochure, containing descriptions and criteria of each award, as well as entry information, is located on the CU Awards Program page.

Three ways to enter a submission!

  • Fillable PDF Entry Form (Perfect for email submission.)
  • Online Entry Form (All information may be filled out and submitted online, including documents and .wav files!)
  • Downloadable PDF (Download, fill out (by hand or electronically), and send submission via snail mail.)

These can all be found online on the CU Awards Program page.

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Sign up today for the League's SAS Conferences

If your credit union is under $50 million in assets sign up today for one of the League's Small Asset Size (SAS) Conferences this February.

The SAS Conferences are designed especially for CEOs, managers, assistant managers, marketing directors, compliance officers, and lending officers of smaller credit unions and provide insightful information on current topics important to smaller credit unions, as well as opportunities to network with your peers.

This year:

  • Get details from regulators on key compliance issues to help you better prepare for your exam.

  • Eric Gagliano, a leading credit union marketer, will discuss observations gained while secret shopping credit unions and give pointers on how your credit union can improve the new member experience.

  • Experts from corporate credit unions will provide guidance on how to structure your asset-liability program for the best results.

  • Lending panel discussion will cover products and promotions that work best for smaller credit unions.

  • Share your credit union's best practices and learn from others at the Credit Union Roundtable.

Register now for one of the SAS Conferences nearest you..

Hurry "early bird" deadline for all SAS CU Conferences is Jan. 28! 

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In This Issue
Thursday Edition
'Vishing' scam uses NCUA name to con targets
Cheney goes live on radio to emphasize data breach costs to CUs
Now accepting entries for 2014 LSCU Awards
Sign up today for the League's SAS Conferences
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.

Tax Reform's New Message
The House is continuing to push tax reform, just in a different way.

Upcoming Event Deadlines
Jan. 28 Last day to receive "early bird" rate for Small Asset Size Conference - Orlando, Ft. Lauderdale, Birmingham
Feb 10 Last day to receive “early bird” rate for FCUA State GAC – Tallahassee, FL
Feb 11 Last day to receive “early bird” rate for Security & Robbery Training – Tallahassee, FL
Feb 18 Last day to receive “early bird” rate for IRA Essentials & Advanced Training – Birmingham, AL
Upcoming League Events
TODAY 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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