March 20, 2014
Thursday Edition
CUNA risk based capital video

In an effort to better understand the new risk based capital rule proposed by the NCUA, CUNA has posted a new video with interviews from credit unions and CUNA staff. The video is one of a number of resources CUNA has to help credit union see the full proposal and to help them analyze its impact. Click the video to the right or follow this link.

The video is about ten minutes and features members of CUNA’s Executive Committee, Dennis Pierce, Susan Streifel, Rod Staatz, and Maurice Smith, along with senior CUNA staff. Feel free to share with your board and staff. Visit the CUNA website for more risk based capital resources.

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LSCU Awards submission deadline is next week

•    Do you know a CU professional or volunteer that has made an outstanding contribution to the CU movement?

•    Has your CU shown excellence in day-to-day operations, community outreach, and financial prowess during 2013?

•    Has a CU demonstrated the credit union "People-Helping-People" philosophy by helping your CU whether it was providing training, donating equipment, assisting with the implementation of new products or services, operational guidance, or other services?

If you answered yes to one of more of the questions, then you know someone or a CU that deserves to be recognized.

To read more about the categories and criteria for each award take a look at the LSCU Awards brochure.

All of the above info, including three different ways to submit your entry, can also be found on the LSCU CU Awards Program web page.

If you have any questions or concerns, contact LSCU Director, Communications Amy Jowers at 866.231.0545 ext. 1020.

Hurry - the deadline is Friday, March 28.

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Form 990 tax return compliance deadline approaching

Form 990 is required for most organizations exempt from income tax under section 501(c) to help prevent abuse and enforce financial accountability, the form also provides the public with financial information and is often the only source of such information. Although federal credit unions are not required to file Form 990, they may choose to file the Form 990T which can provide a credit for certain federal excise taxes paid or for small employer health insurance premiums paid. Both forms must be completed and filed by May 15 each year.

With the 2013 Form 990 instructions tallying 99 pages, you can trust LEVERAGE's credit union-certified field experts to save you time and ensure your form is completed accurately. They understand the filing requirements and the specifics of the various Form 990s (990-PF, 990-N, 990-EZ, and 990).

The LEVERAGE audit and consulting team offers a complete menu of financial and compliance audits. To request a proposal or schedule Form 990/Form 990T preparation assistance, contact a LEVERAGE Business Development Consultant today.

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Still time to register for next week's FCUA GAC

The Florida Credit Union Association State GAC, is next week, March 25-26 in Tallahassee. If you have not yet registered there is still time. Sign-up today!

At this year's event, Agriculture Commissioner Adam Putnam will speak, along with staff from other cabinet members, Bob McKnight will share his perspective on the Florida legislature based upon his experience as a former lawmaker. He will explain why having grassroots advocates, such as credit union members, reach out to their lawmakers both at home in the district and in Tallahassee is so important. The regulator roundtable will include new Region III Director Myra Toeppe.

Additionally, attendees will meet with lawmakers at the Capitol to discuss credit union issues during the Hill visits. Following the Hill visits, the League will host its Lawmaker Reception at the Governor’s Club for attendees and lawmakers to mingle in a more relaxed atmosphere.

Click here for more information and to register. If you have any problems registering contact Governmental Affairs Specialist Jordan Burroughs.

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In This Issue
Thursday Edition
CUNA risk based capital video
LSCU Awards submission deadline is next week
Form 990 tax return compliance deadline approaching
Still time to register for next week's FCUA GAC
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.

CUNA Risk Based Capital Video

CUNA produced a video to explain the NCUA's proposed rule. Plus, credit unions talk about what the proposal means to them. 

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 - March 21 LSCU/CUES CU Executive Dialogue
TODAY Deposit Member Has Died: Now What?
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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