March 14, 2014
Friday Edition
McWatters talks regulatory during nomination hearing

J. Mark McWatters explained that he will "work diligently to ensure the continued integrity and safety and soundness of our nation's credit union system in an ever-evolving marketplace" at his NCUA nomination hearing Thursday morning before the Senate Banking Committee.

Committee Chairman Tim Johnson (D-S.D.) said McWatters will hit the ground running with an eagerness to learn more about credit unions. He called for all nominees at today's hearing to be confirmed quickly.
 
The NCUA nominee briefly previewed his approach to regulation in his opening statement, saying his focus as a regulator "will remain straightforward: Don't neglect the fundamentals of capital, liquidity, and transparency, and always remember that the greatest threat to a financial system may reside where you least expect it--hidden within plain view."
 
McWatters said he intends to work with NCUA board members, agency staff, and external stakeholders "in an open and respectful manner, with the goal of finding a common ground and working cooperatively through any differences."
 
If confirmed, McWatters would replace board member Michael Fryzel, whose term ended Aug. 2. Fryzel will continue to serve until McWatters is confirmed.

Click here to read the complete CUNA News Now article.

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Alabama and Florida Credit Unions show growth in 2013

Credit unions, locally owned and operated in Alabama and Florida, showed strong growth for the four quarters in 2013. Collectively, Alabama and Florida’s 278 credit unions added $2.2 billion in new assets, 161,000 new members, and $2.28 billion in new loans last year. Plus, member business lending (small business loans) grew $178 million despite an arbitrary cap on member business lending of 12.25 percent of assets.

For the details along with Alabama and Florida's 2013 numbers at a glance visit LSCU top stories.

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Reubin Askew, former Florida governor, dies at 85

Reubin Askew, a progressive “New South” Democrat who promoted racial equality and ethics reforms as a two-term governor of Florida in the 1970s and campaigned briefly for the presidency in 1984 and for the Senate in 1988, died early Thursday in Tallahassee. He was 85.

Click here for the complete New York Times article.

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CU happenings

Tuscaloosa Credit Union holds Inaugural West Alabama Education and Job Fair

Through a grant from the NCUA, Tuscaloosa Credit Union held the Inaugural West Alabama Education and Job Fair on Feb. 26.  Education and job opportunities were the primary focus of this event which had 450 attendees. Both components were well represented with classes and employers, as well as information on jobs in the West Alabama Area. Twenty-eight companies and 10 agencies were there to discuss job opportunities and resources in the community. Shelton State Community College’s Resume Assistance had 39 individuals participate and leave with new resumes on a flash drive. Additionally, loan officers from Alabama One Credit Union, DCH Credit Union, and Tuscaloosa Credit Union were able to help more than 40 people with free credit counseling. For some, this credit counseling was the only time they were actually helped by someone that was not a predatory lender just trying to make more money off the individual.

Pen Air Federal Credit Union promotes Military Saves Week

Pen Air Federal Credit Union on board NAS Pensacola, Corry Station and NAS Whiting Field in Florida joined forces with base Fleet & Family Support Offices to launch the 2014 National Military Saves Week.  

The Military Saves Program is designed for the military member, family member, civilian, contractor, or retiree who wishes to set up a savings goal. The purpose of this goal can be for anything – emergency fund, home ownership, car purchase, retirement, debit repayment, or anything else that requires money. Military Savers set up a savings goal and pledge to save a few dollars every month. It’s easy to set up with payroll deduction and have funds going into a savings account each month rather than a checking account. Enrolling into the savings program is at no cost, and once enrolled the saver begins to receive useful information via email to help build wealth through saving. The saver is in total control of his or her account, and the goals and progress are all confidential. The Military Saves Program encourages the saver to reach one goal at a time and build up the discipline necessary for bigger saving goals.

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In This Issue
Friday Edition
McWatters talks regulatory during nomination hearing
Alabama and Florida Credit Unions show growth in 2013
Reubin Askew, former Florida governor, dies at 85
CU happenings
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
TODAY 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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