March 13, 2014
Thursday Edition
Today is "Thank You Thursday"

The dust has not even settled on Chairman Dave Camp’s tax reform proposal, which left credit unions’ tax status untouched, but the bank trades are wasting no time in attacking the plan for not including taxation of credit unions. This week the American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) issued a joint letter to Chairman Camp, copied to all House Ways and Means Committee members, urging him to reconsider taxing credit unions.

These tired attacks deserve a response, therefore CUNA is launching “Thank You Thursday” today, March 13. Similar to the successful “Don’t Tax Tuesday” campaigns, this effort will make use of social media to mobilize grassroots, this time to thank members of the House Ways & Means Committee for their exclusion of credit unions from new taxes.

Starting today, the Tweet Congress link on the Don't Tax website will populate pre-drafted tweets including the handles of Chairman Camp, Ranking Member Sandy Levin, and a third handle that will rotate through the names of the other members of the House Ways & Means Committee.

Credit unions exclusion from Chairman Camp’s plan is a significant victory in a key battle, but the war wages on. It is important at this juncture to not let the Ways & Means Committees’ commitment to protecting the credit union tax status go unrecognized and unheralded, particularly as they hear complaints from bank lobbyists.

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Bill Cheney to leave CUNA in mid-June

CUNA CEO Bill Cheney announced today that will be leaving his president/CEO position in mid-June to join SchoolsFirst Federal Credit Union in Santa Ana, CA. Cheney says that his return to California to lead a credit union is born out of his desire to serve the credit union movement by taking a hands-on role.

Cheney informed state leagues today that the opportunity to return to California was just too great. As many of you know, he worked in California before taking the CUNA position. Chairman Dennis Pierce will be putting together a search committee and focusing on leadership that will enhance the current team at CUNA, as well as leverage the strengths of the three-tiered system of CUNA, Leagues, and credit unions.

The credit union movement has seen victories under Cheney. Last month credit unions were not named in the tax discussion draft released by the Way and Means Committee. A major victory. Also, in 2012 credit unions were able to keep key bank legislation from passing late in the session. Another good victory. Plus, he oversaw the process to bring a shared strategic vision to credit unions, "Americans choose credit unions as their best financial partners." Something that had never been done before for credit unions.

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Time is running out - register for CUES Executive Dialogue today

LSCU/CUES Credit Union Executive Dialogue is next week, March 20–21 at Hyatt Regency Coconut Point, in Bonita Springs, FL. If you are a CEO or a senior executive at an organization with $500 million or more in assets do not miss your chance to be a part of this open exchange with other influential credit union leaders. Register today - just click here or call 800.252.2664 or 608.271.2664, ext 340.

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LEVERAGE partner Vining Sparks presents Credit Union Forum

LEVERAGE partner Vining Sparks presents their annual Credit Union Forum, Monday, April 28 at The Peabody Hotel in Memphis, TN.

Are you looking for guidance as you move forward in the current challenging environment of low interest rates and gradual recovering loan demand? Join the Vining Sparks Annual Credit Union Forum to network with other credit union executives from around the country and explore methods to move forward in this changing environment while simultaneously managing risk and coping with new regulations.

Click here to register for this one day seminar that is sure to deliver.

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In This Issue
Thursday Edition
Today is "Thank You Thursday"
Bill Cheney to leave CUNA in mid-June
Time is running out - register for CUES Executive Dialogue today
LEVERAGE partner Vining Sparks presents Credit Union Forum
LSCU & Affiliates Media

Bobby Bowden Keynotes SCUCE
Former Florida State football coach Bobby Bowden will be the keynote speaker at the Southeast Credit Union Conference and Expo in Orlando in June. Coach Bowden will talk to credit unions about leadership, growing a team, and learning.

NCUA Economic Update - Feb. 2014
In the latest update, NCUA Economist John Worth explores Labor Market Performance and Consumer Spending.

Upcoming Event Deadlines
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 14 Elder Financial Exploitation (ARCHIVED)
March 18 IRA Essentials Workshop, Birmingham AL
March 18 Vendor Contract Management
March 19 IRA Advanced Workshop Birmingham, AL
March 19 Understanding ALM Concepts
March 20 - 21 LSCU/CUES CU Executive Dialogue
March 20 Deposit Member Has Died: Now What?
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