March 19, 2014
Wednesday Edition
Alabama Credit Union Association legislative update

This past week the Alabama Senate Banking & Insurance Committee gave final approval to HB 165, the Alabama State Credit Union Act Update. HB 165, sponsored by Rep. Greg Wren (R-Montgomery), can now be considered by the full Senate and, if passed, will head to the governor for his signature. The League thanks Rep. Wren and the entire Senate Banking & Insurance Committee for their support of this important legislation.

In the Alabama House, SB 121 by Sen. Arthur Orr (R-Decatur) was passed unanimously and now goes to Governor Bentley for his signature. SB 121 is the patent troll legislation that garnered a lot of attention this session once so many businesses and trade groups in Alabama began showing their support for this much needed legislation. During the State GAC in Montgomery several credit unions met with lawmakers on this bill and voiced the support of credit unions and the LSCU. You can read a more in-depth story on patent trolling later this month when Signal Magazine is mailed to credit unions.  

This week the Alabama House will address the Education Trust Fund Budget.
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Florida Credit Union Association legislative update

A bill sponsored by Sen. Nancy Detert (R-Venice), SB 242, will be heard on the Senate floor Thursday. Titled the Keeping I.D. Safe (K.I.D.S.) Act, this bill would allow parents and guardians to set up a credit record for their child and freeze it, protecting that child's Social Security number and other personal information until the child is ready to use credit. The law would also apply to vulnerable adults who have a legal guardian.

The House companion to this legislation, HB 151, by Rep. Heather Fitzenhagen (R-Ft. Myers), has passed favorably from each of its committees of reference and is waiting to be heard on the House floor. With data security a high priority for credit unions, this good piece of legislation remains one that the League will continue to advocate for.

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2014 Southeastern Credit Union Compensation and Benefits Survey now open

The LSCU & Affiliates has contracted with HRN once again to conduct its 2014 Southeastern Credit Union Compensation and Benefits Survey. The survey is open now through April 4. Take time to complete the survey and help the League get 100-percent participation. With a higher participation rate comes a much more substantial final product that credit unions can use for important pay and benefits decisions.

For more information visit LSCU Top Stories.

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CUs in the news

Credit unions have been getting quite a bit of press lately. Alabama and Florida outlets are picking up stories on the legislative agenda for credit unions, quarterly statistics, prescription cards, and good works. 

Here's a sampling:

  • The Sarasota Herald-Tribune featured several Southwest Florida credit unions in the Monday article, "Local credit unions' ratings hold steady in latest report." The article covers the credit unions' BauerFinancial ratings, as well as asset and member growth
  • A Huntsville TV station profiled Redstone FCU's new prescription discount card 
  • The Tallahassee Democrat, Palm Beach Post and Miami Herald published a commentary from LSCU & Affiliates CEO Patrick La Pine on the 2014 legislative agenda 
  • The Miami Herald, Birmingham Business Journal, Tampa Bay Business Journal and South Florida Business Journal each posted a story on how credit unions performed in 2013

You can find all of these articles and more in the LSCU Press Room

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CUNA Mutual Group offers scholarship through WOCCU

CUNA Mutual Group is supporting women in global credit union leadership roles by sponsoring a scholarship being offered through the World Council of Credit Unions (WOCCU). The WOCCU Global Women’s Leadership Network Scholarship, supported by a $20,000 CUNA Mutual Group grant, aims to further the careers of emerging credit union leaders by supporting projects that solve a problem or meet a credit union and/or a community need.

“Our expanded support to a long-time partner like WOCCU is a natural extension of CUNA Mutual Group’s commitment to credit unions worldwide,” said Faye Patzner, executive vice president and chief administrative officer, CUNA Mutual Group. “We are pleased and proud to sponsor the Global Women’s Leadership Network scholarship and become the only Diamond-Level sponsor of WOCCU.”

Scholarship candidates will be selected to attend the 2014 Global Women’s Leadership Forum and World Credit Union Conference, in Australia, July 25-30. While at the 2014 Leadership Forum, the selected candidates will present their projects to the Network membership. Network members will then vote on which candidates will receive Network support for the implementation of their project. Those chosen will carry out their project from August 2014 through June 2015 and will return to the 2015 Global Women’s Leadership Forum in Denver, Colo., to present their project results.

To learn more about the Global Women's Network and to apply for the scholarship just simply visit the website.

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In This Issue
Wednesday Edition
Alabama Credit Union Association legislative update
Florida Credit Union Association legislative update
2014 Southeastern Credit Union Compensation and Benefits Survey now open
CUs in the news
CUNA Mutual Group offers scholarship through WOCCU
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 24 Last Day to Register for FCUA State GAC - Tallahassee, FL

April 7 Last Day to Register for Spring Regulatory Compliance Update - Tallahassee, FL
April 8 Last Day for Early Bird Rate for OFAC & Bank Secrecy Act School – Birmingham, AL
April 9 Last Day to Register for Spring Regulatory Compliance Update - Birmingham, AL

Extended to April 22 Last Day for Early Bird Rate – Disaster Recovery Conference – Mobile, AL

Extended to April 24 Last Day for Early Bird Rate – Disaster Recovery Conference – Jacksonville, FL

Upcoming League Events
TODAY IRA Advanced Workshop Birmingham, AL
TODAY Understanding ALM Concepts
March 20 - 21 LSCU/CUES CU Executive Dialogue
March 20 Deposit Member Has Died: Now What?
March 20-21 LSCU/CUES Executive Dialogue
March 25-26 2014 FCUA State GAC
March 25 Flood Compliance -FEMA Mapping Changes
March 25 Reg Compliance-BSA for Lenders
March 27 Trust Compliance in Accounts & Lending
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