March 28, 2014
Friday Edition
CUs' satisfaction with exams continues to outweigh their dissatisfaction

According to CUNA's ongoing survey of credit unions' satisfaction with the federal and state examination processes, as of February 2014, more credit union CEOs were satisfied with their exams (58-percent) than dissatisfied (27-percent). Though this is positive news, the CEO satisfaction rate has slipped slightly from 2012's results of 61-percent.

CUNA's most recent survey also found that:

  • Exams tended to take longer in 2013 (9.1 days) than in 2012 (7.9 days)
  • There was a slight decline between 2013 and 2012 in the number of credit unions reporting being under one or more Documents of Resolution (DOR), from 43-percent to 41-percent
  • Exams conducted by state examiners are substantially less likely to include DORs than exams in which the NCUA is involved
  • Examinations conducted solely by state examiners tend to be rated slightly better than NCUA-only exams, but joint exams were rated much lower than either state- or NCUA-only exams.

CUNA continues to encourage credit unions to participate in the survey--even if they have done so for prior exams--weighing in on the strengths and weaknesses of state and federal regulatory examinations. The information collected from the survey responses helps CUNA and the League hone their exam issue advocacy efforts with regulators.

To read the complete story from CUNA News Now click here.

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If you haven't, you should...submit an entry for LSCU Awards - deadline extended to April 11

We want to recognize your credit union, your board volunteer, your young professional and professional, and/or your person of distinguished service with a prestigious LSCU award! Because we know they are out there, we have extended the deadline from today, March 28, to Friday, April 11

We have made the submission process as easy as 1-2-3 with three ways to submit:

  1. An online submission form
  2. A fillable PDF that can be emailed
  3. A downloadable PDF that can be downloaded, filled out (by hand or electronically) and sent via snail mail

All that is required is a 250-word summary of why the person or credit union should be considered for the award and two supporting documents. For CU of the Year submissions, a filled-out financial performance form is required in addition to the summary/supporting documents.

More awards information, as well as entry forms, can be found on the LSCU Credit Union Awards webpage.

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Don't delay - take our compensation & benefits survey today

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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Credit unions in Central Florida saved 56-percent with ePurchasing

LEVERAGE Business Development Consultant Steve Pullara presents an ePurchasing Savings Certificate to Florida Central Credit Union. The credit union saved 56 percent on armored car services through LEVERAGE's ePurchasing.

To learn more about ePurchasing click here. To find out how your credit union can participate in an upcoming ePurchasing event contact a LEVERAGE business development consultant today.  

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New issue of Signal Magazine available now

The first quarter issue of LSCU's Signal Magazine is now available online. Visit www.lscu.coop and click on the Publications section under the Communications tab to view the newest issue.

This issue includes articles such as:

  • Patent Trolling
  • Mobile Wallets: A Hand-in-Glove Fit for Credit Union Goals
  • Our "Target" - Data Breach Legislation
  • YPG: Professional Development & Passion Abound
  • Ten Ideas for a Culture of Innovation

Click here to view trend articles, news, advocacy and regulatory information, and issues important to Alabama and Florida credit unions.


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CU happenings

Pen Air establishes UWF scholarship in honor of Betty Petree
Pen Air Federal Credit Union donated $100,000 in March to support the University of West Florida College (UWF) of Business. Part of the gift will be used to establish a new scholarship for UWF business students, the Pen Air Federal Credit Union Betty M. Petree Endowment. Another portion of the funding will go toward implementing a money management education program for students, the Pen Air Federal Credit Union Financial Literacy Boot Camp.

Velocity Community Credit Union donates $100,000 for Jupiter stadium improvement
Velocity Community Credit Union has developed a business partnership with Jupiter Community High School (JCHS) in Jupiter, FL, in addition to donating $100,000 towards stadium improvement. Under the new business partnership, the stadium at JCHS will be renamed Velocity Community Credit Union Stadium for the next five years. Additionally through its partnership, Velocity Community Credit Union will also provide financial education to students, create internship opportunities, and be the lead sponsor of the JCHS DECA Marketing Club. Support for the Warrior Spirit Store and Trading Post, along with strategic business planning for the athletic program, will also be part of their partnership.

The Woods represent credit unions at Bondi fundraiser


Mary Ott Wood and Art Wood represented credit unions at a fundraiser for Florida's Attorney General Pam Bondi in Plant City, FL. The Woods were part of the host committee which created
invitations, supplied labels, etc.

Florida State Employees FCU's Teen
Checking Class a success

Florida State Employees FCU in Pensacola holds Teen Checking Classes once a quarter as a service to its members. Above are the graduates of its March 15 class. Four teens attended and learned how to manage their checking account, what debit and credit cards are, how to write a check, how to read a statement, tips and tricks for building good credit, and smart money management skills. After the class, the teens were asked to complete a quiz. Overall every teen scored 80 percent or higher!

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In This Issue
Friday Edition
CUs' satisfaction with exams continues to outweigh their dissatisfaction
If you haven't, you should...submit an entry for LSCU Awards - deadline extended to April 11
Don't delay - take our compensation & benefits survey today
Credit unions in Central Florida saved 56-percent with ePurchasing
New issue of Signal Magazine available now
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.


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
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
April 1 Completing Flood Insurance Forms
April 2 ACH Rules Update 2014
April 3 Powers-of-Attorney on Deposit Accts
April 8 Spring Reg. Compliance Update FL
April 9 Compliance, Account Titling & Ownership
April 10 Spring Reg Compliance Update AL
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