April 2, 2014
Wednesday Edition
League to hold meetings on Risk Based Capital

Credit unions across Alabama and Florida are encouraged to attend one of the League's Risk Based Capital meetings this month. The meetings are designed to educate the credit unions on the proposed rule by the NCUA. It will direct you to resources available and help with the submission of comment letters before the May 28 deadline. 

The meetings are below:

  • 4/15 - Jacksonville - Jax FCU, 8:00 a.m.
  • 4/17 - Birmingham - LSCU office 10:00 a.m.
  • 4/21 - Gainesville - Florida CU, 11:00 a.m.
  • 4/22 - Tampa - Suncoast CU, 8:00 a.m.
  • 4/23 - Orlando - Fairwinds CU, 8:00 a.m.
  • 4/24 - Huntsville - Redstone FCU, TBD
  • 4/24 - West Palm Beach - Gold Coast FCU, 8:00 a.m.
  • 4/25 - Tallahassee - LSCU office, 8:00 a.m.
  • 4/30 - Mobile - Mobile Educators CU, 8:00 a.m.

Attendees will also learn the League's plan for a comment letter, how they can help formulate it, and how working with lawmakers on this issue will be beneficial. If you would like to attend any of the meetings above, contact LSCU Director of Regulatory Affairs Scott Morris in Alabama at 866.231.0545 ext. 2165 or VP of Compliance Training and Information Bill Berg in Florida at ext. 1028. Visit the LSCU Risk Based Capital webpage for more resources.

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Florida Credit Union Association legislative update

The Security of Confidential Personal Information bill (SB 1524) by Sen. John Trasher (R- St. Augustine) will be heard in the Senate Rules Committee today. This bill would require a covered entity, which covers any corporation in Florida that collects any type of personal data, to notify the Attorney General's office should a breach occur, as well as any individual whose information was compromised.

Last week, an amendment changed the bill. While the majority of the bill is the same, there are some concerns that the changes may cause additional burdens on financial institutions. The GA team and several other interested parties have spent several days meeting with the sponsors to address these concerns. The League's GA team knows these concerns are being considered and are hopeful changes can be made to fix the legislation. If passed Wednesday, the bill heads to the Senate floor for a vote. The League will keep you informed of the bills progress.

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IRA Essentials & Advanced Training held in Birmingham

The League recently held its annual IRA Essentials & Advanced Training in Birmingham. The training was packed full of information and lively instruction by Paul Kern, product manager for education at Ascensus, Inc.

Training attendees had many positive things to say about the information they gained from the training session, as well as the session's instructor Paul Kern:

  • “Great Job! I have been doing IRAs for years and learned so much today. Paul does an excellent job!!!” – Leslie Davis, Naheola CU in Pennington, AL

  • “Learned a lot! Very informative and easy to comprehend, Paul makes the difficult stuff fun.” – Cynthia Riley, Florence FCU in Florence, AL

  • “Today’s meeting was very informative and the instructor made the info very easy to learn and understand." – Leslie Brown, Gulf Coast FCU in Mobile, AL

To view photos from the event visit the League's Facebook page.

To check out more great educational opportunities offered by the League visit the Event's Calendar.

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Last week to take Southeast Compensation & Benefits Survey

The LSCU & Affiliates has contracted with HRN once again to conduct its 2014 Southeastern Credit Union Compensation and Benefits Survey. The survey is still open, but only until this Friday, 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.

Plus, those that fill out the survey get the report for free and they are eligible for a $250 VISA gift card. For more information visit LSCU Top Stories.

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In This Issue
Wednesday Edition
League to hold meetings on Risk Based Capital
Florida Credit Union Association legislative update
IRA Essentials & Advanced Training held in Birmingham
Last week to take Southeast Compensation & Benefits Survey
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 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
April 15 Managing CUs' BYOD & COPE Policies
April 16 Official Demand for Member Funds
April 17 Examination Findings of the CFPB
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