May 16, 2014
Friday Edition
Senate Banking approves Johnson-Crapo housing finance reform bill

The Senate Banking Committee voted Thursday morning to approve its Housing Finance Reform and Taxpayer Protection Act of 2014 (S. 1217). The vote was 13-9.

Sen. Mike Crapo (R-ID), the committee's ranking member, has called housing reform "the most significant piece of unfinished business from the 2008 financial crisis."

The bill is intended to redesign the nation's housing finance reform system to address problems that caused and resulted from the country's recent mortgage market and economic meltdown.

The bill's summary states it is "designed to protect taxpayers from bearing the cost of a housing downturn; promote stable, liquid and efficient mortgage markets for single-family and multifamily housing; ensure that affordable, 30-year, fixed-rate mortgages continue to be available, and that affordability remains a key consideration; provide equal access for lenders of all sizes to the secondary market; and facilitate broad availability of mortgage credit for all eligible borrowers in all areas and for single-family and multifamily housing types."

Click here for the full story from CUNA News Now.

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NCUA second grant round of 2014 - $1.2 million available

The NCUA announced this week it will make $1.2 million available to low-income credit unions in the second round of Community Development Revolving Loan Fund grants for 2014.

The NCUA will accept applications from June 2 through June 30 at 5 p.m. EST. Click here to learn more.

Each applicant may apply in any of the four grant categories, but the credit union may only receive funding in one category:

  • Community Development Financial Institution Certification
  • New product and service development
  • Collaboration
  • Training


Funding for NCUA’s grant initiatives is provided by the Community Development Revolving Loan Fund, a fund created by Congress to support credit unions that serve low-income communities. NCUA’s Office of Small Credit Union Initiatives administers the fund.

Click here to read the complete news release from NCUA.

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All football fans will enjoy 2014 SCUCE Keynote Speaker

Bobby Bowden, former coach of the FSU Seminoles and the second all-time winningest Division I coach in college football history, will talk about building a winning team through leadership and cooperation as the keynote speaker during the SCUCE Closing General Session.

In his 34-years as the head coach of the FSU Seminoles, he won two national championships, 12 ACC titles, and more than 350 games. This success shows that he knows a thing or two about cooperation among team members, much like the cooperative nature of credit unions.

Coach Bowden will share his wisdom on leadership, what he has learned over his career, and how you can apply his successful strategies in our own credit unions. This presentation is not just for Florida State fans; Coach Bowden is a Birmingham native and began his career in Alabama.

Watch what Coach Bowden had to say about speaking at the SCUCE in this video.

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CU happenings

VyStar's Robert Davis is named council chair for the CUNA HR/TD Council
Robert Davis, senior vice president of human resources for VyStar Credit Union in Jacksonville, will become the council chair for the CUNA HR/TD Council. Davis, along with the rest of next year's executive committee and officers, were announced at the council's twentieth annual conference, which took place April 27-30 in Fort Lauderdale. 

Does your credit union need additional under counter teller units? If so AlaTrust CU might be able to help.
AlaTrust Credit Union recently moved to a new office in Jacksonville, AL and have three under counter teller units they would like to give to a credit union. If your credit union is interested, contact AlaTrust President/CEO Steve Nix for more information.

Space Coast Credit Union breaks ground on Miramar branch
Space Coast Credit Union (SCCU), based in Melbourne, hosted a special ground breaking ceremony for its new Miramar branch last week. The new building will be in a more prominent location, offering convenient access and more parking for area residents. The full-service branch will also feature a drive-thru, self-servicing safe deposit boxes, and coin counter. The Miramar branch is scheduled for a soft open near the end of the year, followed by an official Grand Opening shortly thereafter.

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In This Issue
Friday Edition
Senate Banking approves Johnson-Crapo housing finance reform bill
NCUA second grant round of 2014 - $1.2 million available
All football fans will enjoy 2014 SCUCE Keynote Speaker
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 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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