April 1, 2014
Tuesday Edition
Campus USA announces new CEO

    Jerry Benton              Larry Scott

Campus USA Credit Union announced Friday that Larry Scott has retired as president and CEO after 23 years at the helm and will be replaced by the credit union's COO, Jerry Benton. Scott came to the credit union in 1990 after 20 years at a Birmingham, Ala., credit union. At the time, Campus USA was called Your Campus Federal Credit Union with three locations and $90 million in assets. Today, Campus USA, headquartered in Jonesville, has 15 locations, $1.2 billion in assets and 70,000 members.

“We couldn't be happier with the board's decision to select Jerry as my successor, after conducting a national search,” Scott said in a news release. “He is an excellent leader who is well respected in our industry, by our staff, and the communities we serve. He has been instrumental in our growth and success over the last 14 years.”

For the complete story visit The Gainesville Sun.

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Washington wire

Both the House and the Senate are in Washington this week.

Check out this week's legislative update to get the latest news on:

  • Patent reform
  • Risk-based capital rule
  • Housing finance reform
  • Privacy notification
  • Floor schedules/committee meetings
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InfoSight spotlight: Authentication in an Internet Banking Environment
The Federal Financial Institutions Examination Council Agencies (Agencies) issued guidance that provided a risk management framework for financial institutions offering Internet-based product and services to their members. It stated that institutions should use effective methods to authenticate the identity of customers and that the techniques employed should be commensurate with the risks associated with the products and services offered and the protection of sensitive customer information.

In 2011 the Agencies issued a supplement to the guidance which:
  • Reiterates and reinforces the expectations described in the 2005 Guidance that financial institutions should perform periodic risk assessments considering new and evolving threats to online accounts and adjust their customer authentication, layered security, and other controls as appropriate in response to identified risks
  • Establishes minimum control expectations for certain online banking activities and identifies controls that are less effective in the current environment
  • Identifies certain specific minimum elements that should be part of an institution’s customer awareness and education program

For more information, check out the Authentication in an Internet Banking Environment topic on the ACH/Electronic Payments channel of InfoSight.

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YPG webinar April 9

Join the League for its First Quarter Young Professionals Group webinar Wed., April 9 at 3 p.m. EDT/2:00 p.m. CDT. 

The discussion will include YPG Council and and the election process, as well as scholarship opportunities for the Southeast Credit Union Conference and Expo, LSCU website access, and upcoming chapter events. 

If you are a YPG-er and have a topic you would like addressed at the webinar contact April Ales at 866.231.0545 ext.1038.
Click here to register. Upon registering for the webinar, you will receive an e-mail conformation with further instructions.

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In This Issue
Tuesday Edition
Campus USA announces new CEO
Washington wire
InfoSight spotlight: Authentication in an Internet Banking Environment
YPG webinar April 9
LSCU & Affiliates Media

President's 1Q Video
LSCU president/CEO gives his first quarter video for 2014. He looks at the CUNA GAC, tax reform, and the new Southeast Credit Union Conference. He also talks about the 2014 Dues Rebate.

Conversation with Florida CFO Jeff Atwater
Florida CFO Jeff Atwater stopped by the LSCU & Affiliates in March to talk about how the state is performing and where credit unions fit in the financial landscape.


Upcoming Event Deadlines
April 7 Last Day to Register for Spring Regulatory Compliance Update - Tallahassee, FL
April 9 Last Day to Register for Spring Regulatory Compliance Update - Birmingham, AL
Extended to April 22 Last Day for Early Bird Rate for OFAC & Bank Secrecy Act School – 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 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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