April 14, 2014
Monday Edition
President's point

In two short months we will be in Orlando for the League’s Southeast Credit Union Conference and Expo, June 11-14 at the JW Marriott. If you haven’t heard, we have rebranded the LSCU & Affiliates Annual Convention and Exposition (AC&E). With more than 1,000 attendees each of the first four years of the AC&E, and the level of speakers we bring in for the general sessions and the education sessions, we want to begin attracting more credit unions to attend from outside our two states as well as other organizations. LEVERAGE has clients in 22 states and, for the first time this year, all its clients outside of Alabama and Florida have been invited to attend.  CU24 is holding its annual meeting in conjunction with the conference and FCUSS is also holding its June meeting at the front end of the event.

I want to let you know what we have on tap this year. The theme of the conference is “Living the Seven Cooperative Principles the Credit Union Way.” You will experience the seven cooperative principles throughout the conference. It’s important that we remember our beginnings and continue to stay cooperative as we move forward because it clearly differentiates us from other financial institutions. That’s important as more and more alternative financial institutions enter the marketplace and credit unions compete against each other.

Former Florida State football head coach Bobby Bowden will be our keynote speaker. He will talk about building a winning team through leadership and cooperation. This is a great opportunity to learn a lot from his more than 50 years of coaching experience. New CUNA Mutual Group CEO Bob Trunzo and National Credit Union Foundation (NCUF) Executive Director Gigi Hyland will be on hand.  Additionally Mark Meyer from the Filene Research Institute will also speak on the cooperative principles. These three could easily headline many conferences. Plus, we have AB Stoddard, associate editor and columnist from The Hill, speaking at our Governmental Affairs luncheon.

Each year we have one of the largest exhibit halls among credit union conferences. This year we are sold out. we have more than 136 exhibitors with 45 of them being first time exhibitors. This is important to note because it gives you a chance to interact with new vendors that can help your credit union. The exhibit hall is never the same old, same old. This year we have a virtual exhibit hall so you can see who you want to meet with and where they are located beforehand, allowing you to plan your time wisely and to get the most out of your visits.

We haven’t even talked about the 20 education sessions and the Director’s Institute offerings. Check out our Schedule at a Glance for the sessions and times. We’ve repeated a few so you don’t feel like you miss an important session. Our Charity Golf Tournament kicks off the conference on Wednesday with proceeds benefiting the Southeastern Credit Union Foundation (SECUF). If you don’t want to golf, you can take a bass fishing trip at the same time.

As you can see, it’s a full week and I haven’t mentioned everything planned. The week is greatly beneficial to credit unions of all asset sizes. I strongly encourage all of you to register. It’s not just for CEOs and boards. All of your management team will pick up things necessary to accomplish their job. We’re talking about cooperative principles and it will be a good week to reinforce them while keeping our passion for this industry strong. I hope to see you in Orlando.  

Where’s Patrick: I will be working in Alabama this week. I have many meetings including the Alabama PAC Trustees, CUSC of Alabama board meeting and a presentation to the Alabama State Employees Credit Union board. To see my tentative schedule for the next two weeks, visit the LSCU Information for Credit Unions webpage. 

Visit the LSCU YouTube page for the President's Quarterly video.  

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Video explains Alabama Credit Union Act update

Credit unions in Alabama got a great win this legislative session when Gov. Robert Bentley signed the legislation that updated the Alabama Credit Union Act. There are many parts to the update and some credit unions have had questions on what the updates mean. The League produced a video explaining some of the updates and how they impact credit unions.

LSCU & Affiliates Director of Regulatory Affairs Scott Morris looks at seven key parts of the update. Click below to watch the video. If you have any questions, contact Scott at 866.231.0545 ext. 2165.


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Risk based capital town hall meetings begin this week

Throughout the month of April and early May, the LSCU & Affiliates will hold town hall style meetings on the proposed risk based capital rule from the NCUA. The meetings will educate credit unions on the new proposals, provide resources, and help them write a comment letter; which is due May 28. The first two meetings get underway this week in Jacksonville and Birmingham. 

The meeting information is below:

  • April 15 - Jacksonville - 8am at Jax FCU
  • April 17 - Birmingham - 10 am at LSCU & Affiliates office


For those credit unions that would like to attend, email LSCU & Affiliates VP, Compliance Training and Information Bill Berg (Florida) at 866.231.0545 ext. 1028 or Director of Regulatory Affairs Scott Morris (Alabama) at ext. 2165. The League also has a Risk Based Capital Resources page with information for credit unions.  

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Crash the CFO Council Conference announced

The CUNA CFO Council announced its first ever CRASH at its 20th Anniversary Conference Celebration. The council is partnering with The Cooperative Trust to facilitate this opportunity that targets credit union professionals under 35 years of age with an entrepreneurial spirit, and a passion for credit unions.

Credit union staff is encouraged to apply at CFO Council Conference website. Ten applicants will be awarded complimentary conference registration in May, free membership to the council for the remainder of 2014 and up to $1,000 in expenses for travel and accommodations.

The CFO Council Conference is May 18-21 in Las Vegas. You can read more on the CFO Council webpage.
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In This Issue
Monday Edition
President's point
Video explains Alabama Credit Union Act update
Risk based capital town hall meetings begin this week
Crash the CFO Council Conference announced
LSCU & Affiliates Media

Florida State GAC
The Florida State GAC wrap up video looks at the more than 30 lawmaker visits, topics discussed and the sessions over the two days including the regulator roundtable. NCUA Region III Director Myra Toeppe talks about her strategy in her first year. 

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.

Upcoming Event Deadlines
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

May 2 Last Day for Early Bird Rate – SAS Credit Union Conference - Tallahassee, FL
Upcoming League Events
April 15 Managing CUs' BYOD & COPE Policies
April 16 Official Demand for Member Funds
April 17 Examination Findings of the CFPB
April 22 Negotiable Instrument Precautions
April 23 Ability to Repay-Comply with SFPB Rules
April 24 BSA Officer Duties & Update
April 29 Art-Science of Keeping Software Current
April 30 How Board Can Protect Your CU
May 13 SAS Credit Union Conference
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