March 3, 2014
Monday Edition
NCUA hosting BSA webinar - March 19

Credit union managers and compliance staff will be able to learn more about Bank Secrecy Act compliance on a free webinar, “BSA-MSB Training: What You Need to Know,” hosted by the National Credit Union Administration on Wednesday, March 19 at 2 p.m. EST.

The webinar will cover key areas of concern for a well-developed BSA program, including:

  •     Critical elements of a BSA program
  •     Money service businesses
  •     Common BSA violations
  •     Reporting requirements

A certificate of training will be given to attendees who successfully complete the test offered at the end of the webinar.
Click here to register and here to submit a question in advance.

Return to Top
President's point

I appreciate all the credit union folks from Alabama and Florida that attended the CUNA GAC last week in Washington, D.C. We had great representation, with more than 150 credit union officials from our two states attending the conference. However, we proved to have impeccable timing in being in the nation’s capital because House Ways and Means Chairman Dave Camp (R-MI) released his tax reform draft, which among other things, preserves the credit union tax exemption. This is a major victory for credit unions. It shows the strength we have when we work together.

I know there are some of you saying that we would have never been taxed. While that seems true now, during the past ten months I can tell you that everyone’s tax status was in play. Our inside information indicated that the committee looked at every option. That included taxing credit unions. The banks lobbied hard against us and bought radio and print ads multiple times in D.C. What did that get them? Rep. Camp is asking for large banks to be taxed on their assets. Our collective work made an impression. 

Ten months ago we began putting our “Don’t Tax My Credit Union” program together. The LSCU took a toolkit provided by CUNA and turned it into a month-by-month plan to contact our lawmakers asking them to “Don’t Tax My Credit Union.” We introduced the “Don’t Tax My Credit Union” postcard campaign and all of you ran with it. We delivered more than 85,000 to our lawmakers. In all, we generated more than 126,000 contacts to Congress. Alabama and Florida were collectively one of the most active states which did not go unnoticed by CUNA and lawmakers alike based on our Hill visits we conducted last week.

It’s been a long time since we’ve had a major victory in Washington, D.C. We like to talk about the good old days of H.R. 1151. It’s been far too long in between significant victories. Rep. Camp’s draft is just that – a discussion draft. There will be more talk and more lobbying by those adversely affected. The League and CUNA will continue to keep our tax status on the front burner and monitor where this language is headed. There will be times we need to continue “Don’t Tax My Credit Union.” 

Last week at the CUNA GAC, I heard one person say that paying CUNA/League dues is less expensive than paying taxes. Over the past year, CUNA has been working with leagues on ways to better show how CUNA, leagues and credit unions can work closer together and really show our strength. Last week was the best example of that strength in quite some time. Let’s continue to build off this momentum.

Where’s Patrick: I’ll work in the Tallahassee office this week. However, I will make a trip to Montgomery to speak at the chapter’s annual meeting on Tuesday. To see my schedule for the next two weeks visit the LSCU Information for Credit Unions webpage.

Return to Top
Southeast Credit Union Conference exhibit hall goes virtual

New this year! The 2014 Virtual Exhibit Hall provides you with the opportunity to plan and locate the companies you want to visit during the conference. You can also gain insight on the products and services exhibitors are offering and learn more about their organizations.

Be sure to visit the virtual exhibit hall before the conference! Go to the Southeast Credit Union Conference and Expo website and click on the 2014 Virtual Exhibit Hall Map box on the bottom left side of the page.

Return to Top
Unite for Good site is revamped to be more interactive

In 2014 Unite for Good is doing more to connect credit unions to their shared vision that “Americans choose credit unions as their best financial partner.” To kick things off Unite for Good has revamped the Unite for Good website. Now stories and photos are featured more prominently and users can connect, share, and comment directly from the site. Unite for Good has also added a “cooperate blog” which offers ideas and resources to help your credit union engage with Unite for Good.

Visit the enhanced site and share your Unite for Good story!

Return to Top
In This Issue
Monday Edition
NCUA hosting BSA webinar - March 19
President's point
Southeast Credit Union Conference exhibit hall goes virtual
Unite for Good site is revamped to be more interactive
LSCU & Affiliates Media

LSCU from the GAC Day Four
The final day of the CUNA GAC was spent on Capitol Hill. Alabama and Florida credit unions made 36 Hill visits in eight hours. Go inside the visits on LSCU from the GAC. Plus, Alabama Credit Union wins its third straight Dora Maxwell Award.

LSCU from the GAC Day Three
Alabama and Florida credit union attendees had two meetings with the NCUA. Additionally, Lawmaker of the Year awards were handed out to Reps. Spencer Bachus (R-AL) and Alcee Hastings (D-FL).

LSCU from the GAC Day Two
The LSCU from the GAC video looks at media opportunities for credit unions. Plus, a GAC Crasher from Alabama talks about her experience and what it will mean for her career.

Upcoming Event Deadlines
March 4 Last Day for Early Bird Rate – Spring Regulatory Compliance Update – Tallahassee, FL
March 6 Last Day for Early Bird Rate – Spring Regulatory Compliance Update – Birmingham, AL
March 10 Last Day to Register for Security & Robbery Training - Tallahassee, FL
March 17 Last Day to Register for IRA Essentials & Advanced Training - Birmingham, AL

March 18 Last Day for Early Bird Rate – Disaster Recovery Conference – Mobile, AL

March 20 Last Day for Early Bird Rate – Disaster Recovery Conference – Jacksonville, FL

March 24 Last Day to Register for FCUA State GAC - Tallahassee, FL

Upcoming League Events
March 4 Create Social Media Policy
March 5 RESPA Essentials & Overview
March 6 Loan Origination-Regulatory Environment
March 11 Security & Robbery Training, FL
March 12  Comprehensive Notary Training
March 14 Elder Financial Exploitation (ARCHIVED)
Follow Us
© Copyright, League of Southeastern Credit Unions & Affiliates
Phone: 866.231.0545
3692 Coolidge Court | Tallahassee, Florida 32311
22 Inverness Cntr Pky, #200 | Birmingham, Alabama 35242
To ensure delivery, please add '' to your email address book or Safe Sender List. If you are still having problems receiving our communications, see our white-listing page for more details.

To safely unsubscribe from this group, click here.
Home Action Center Contact Us CU Job Center Forward to a Friend Back Issues Twitter Facebook YouTube