May 9, 2014
Friday Edition
Most of Alabama and Florida delegation sign risk-based capital letter

For the past two months, the League has been working on educating credit unions about the NCUA’s Risk-Based Capital proposal. You can look at the League's efforts as a three-pronged attack that included educating credit unions, attending listening sessions hosted by the NCUA and working on Congressional involvement.

Throughout the month of April and early May, the League will have held 12 RBC proposal meetings and asked credit unions to get involved by sending in comment letters of their own. Additionally, the League will be represented at two of the three NCUA listening sessions, July 10 in Chicago and July 17 in Alexandria, VA. Credit unions are highly encourage to have their voices heard by joining the League at these sessions.

Over the past two weeks, the League has been engaged in an effort to get members of the Alabama and Florida Congressional delegations to sign on to a letter authored by Reps. Peter King (R-NY) and Gregory Meeks (D-NY) that will be sent to the NCUA detailing their concerns with the proposal as it is currently written. The League has been able to get 24 members of its delegation to co-sign the letter. This is a huge victory for Alabama and Florida credit unions and shows just how far those relationships have come in recent years. As a comparison, the banks undertook a similar effort several years ago when the Basel proposal was issued. They received one House co-signer from Alabama and two from Florida. This is a tremendous step in the right direction.

Visit the LSCU Top Stories to see a complete list; six of the seven Alabama representatives signed and 20 of Florida's 27 representatives signed. The list does not go down party lines either with 17 republicans and nine democrats. Nationally, more than 140 signed the letter. It will now move on to the NCUA to show that Congress does not approve of the proposed risk-based capital rule. Also visit the LSCU Risk-Based Capital Resources webpage.

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More reasons than ever to attend this year's exhibit hall

There are more reasons than ever to attend the exhibit hall at the this year's Southeast Credit Union Conference & Expo (SCUCE).

This year the exhibit hall is sold out with a total of 136 exhibitors with 49 of them NEW to the conference. One of the 49 new exhibitors is Ding Guard which is a paint-less dent removal (PDR) product for your credit union's member auto lending that will increase non-interest income and provide more value to members.

Ding Guard will be hosting live demos at their booth on June 11. There will be three 10-minute live demos showing a dent being placed on a vehicle (in the exhibit hall) and a Dent Wizard technician, onsite, showing the PDR technology. The demos will be 5:15, 5:30, and 5:45. Be sure to stop by Booth 1137 to check it out.

The exhibit hall hours are:

Wednesday, June 11 - 5:30 p.m. - 7:00 p.m.
Thursday, June 12 - 4:15 p.m. - 6:15 p.m.

And don't forget to visit the new Virtrual Exhibit Hall before you attend the SCUCE to plan, locate, and research companies that you want to visit at this year's exhibit hall.

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Elder financial abuse prototype opportunity for CUs

Filene Research Institute is looking for credit unions to test the True Link Card prototype starting in July—a tool to help credit unions proactively identify, triage, and alert elder members to potential financial fraud.

If your credit union is interested in participating in this prototype make plans to attend Filene's free, informational webinar on May 22  and learn more about the True Link Card prototype and this test opportunity. The prototype is a prepaid card product designed to prevent elder financial abuse from San Francisco startup True Link.

Click here for more information and to register for the informational webinar.

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Northeast Florida Chapter YPG Meet-up May 13

The Northeast Florida Chapter Young Professional Group is having its very first meet-up on Tuesday, May 13 from 6:15 to 7:30 p.m. at Latitude 30, 10370 Philips Hwy, Jacksonville, FL 32256.

In addition to having an opportunity to meet and network with your peers, members of the Miracle Board will be in attendance to talk about the CMN City-Wide Dance Marathon being held on June 21. 

If you would like to attend, RSVP to Heather Davis-Mouhourtis.

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CU happenings

eCO Credit Union awards two local students with the 4th Annual eCO A.L. Bratcher Scholarship

Lita Waggoner of the Alabama School of Fine Arts and Eric Kim of Hoover High School each received $1,000 scholarships.

Each year, eCO Credit Union in Birmingham offers the A.L. Bratcher Scholarship in honor of the late Reverend A.L. Bratcher. The scholarship is open to local seniors who plan on enrolling in two- or four-year schools for the upcoming academic school year. After receiving a large number of scholarship applications during the 2014 application period, eCO Credit Union’s A.L. Bratcher Scholarship Committee selected Lita Waggoner and Eric Kim as the 2014-2015 scholarship recipients.

America's First Federal Credit Union announces 2014 First Class Student Scholarship Awards

This is the sixth year America's First in Birmingham sponsored the program in partnership with ABC 33/40. Over that time, America's First has awarded 35 scholarships totaling $59,000. This year's recipients are Laken Patterson, Timothy Guice, and Sydney Estill. The three students each received a $5,000 scholarship to the school of their choice.

The scholarship recipients were chosen from this year's Student of the Week winners.  Hundreds of students from Central Alabama who maintain a 3.5 GPA while participating in sports, band, volunteer projects, and other activities were nominated for the award, and 28 of them were named Student of the Week. Each Student of the Week winner then wrote an essay to be eligible for the $5,000 scholarships.

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In This Issue
Friday Edition
Most of Alabama and Florida delegation sign risk-based capital letter
More reasons than ever to attend this year's exhibit hall
Elder financial abuse prototype opportunity for CUs
Northeast Florida Chapter YPG Meet-up May 13
CU happenings
LSCU & Affiliates Media

Risk-Based Capital Presentation
The League is holding risk-based capital meetings across both states ahead of the May 28 NCUA comment due date. This presentation is perfect to show to staff and boards.



Florida Financial Literacy Bill
In 2014, the Florida Legislature considered HB 367 and SB 212 which would require a half credit of financial literacy to graduate. Bill sponsors Sen. Dorothy Hukill and Rep. Heather Fitzenhagen talk about its need and how credit unions can help.

Upcoming Event Deadlines
May 19 Last Day to Register - LSCU Disaster Recovery Conference - Mobile, AL
May 19 Last Day to Register -  LSCU OFAC/BSA Basic & Advanced School - Birmingham, AL
May 21 Last Day to Register - LSCU Disaster Recovery Conference - Jacksonville, FL
June 18 Last Day for Early Bird Rate – LSCU BSA Essentials & Advanced Workshops – Mobile, AL
June 18 Last Day for Early Bird Rate – LSCU BSA Essentials & Advanced Workshops – Huntsville, AL
July 1 Last Day for Early Bird Rate – Southeast Supervisory Committee Conference – Point Clear, AL
July 15 Last Day to Register - LSCU BSA Essentials & Advanced Workshops - Mobile, AL
July 15 Last Day to Register - LSCU BSA Essentials & Advanced Workshops - Huntsville, AL
Upcoming League Events
May 13 - SAS Credit Union Conference
May 13 - Board vs Supervisory Responsibilities
May 14 - Auditing Your Loan Portfolio
May 15 - How to Avoid Lender Liability Claims
May 20 - Disaster Recovery Conference, Mobile AL
May 20 - OFAC & BSA Basic & Advanced School, Birmingham, AL
May 20 - New ACH Security Requirements
May 21 - OFAC & BSA Basic & Advanced School, Birmingham, AL
May 21 - Increasing Regulatory Requirements
May 22 - Disaster Recovery Conf, Jacksonville FL
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