|June 20, 2014|
|McWatters confirmed to NCUA board|
The U.S. Senate confirmed J. Mark McWatters to the National
Credit Union Administration board, a term that will last through Aug. 2,
McWatters was nominated in January to succeed Michael
Fryzel on the board. He testified on his nomination this March before
the Senate Banking Committee. During the hearing, McWatters told the
panel he intended to look closely at NCUA’s risk-based capital proposal –
“the devil is in the details,” he said. He also said he saw
opportunities for low-income credit unions to do more to meet the needs
of underserved consumers.
Only two of NCUA's three board members
may be from the same political party. McWatters is a Republican.
Democrats Debbie Matz, the board's chairman, and Rick Metsger, a member
of the board, have terms that will continue through Aug. 2, 2015, and
Aug. 2, 2017, respectively.
McWatters, once sworn in, could
participate in his first NCUA board meeting next month. The board is
scheduled to meet in open session July 31.
|Thursday's NCUA board meeting|
CUNA provides a complete wrap up of Thursday's NCUA board meeting. The main items discuseed included: a proposal on asset securitization; a proposal on safe
harbor treatment of securitizations and participations when a credit union is
being liquidated or conserved; and a proposal on appraisals. The Board also
issued a final rule on voluntary liquidations and approved a request from Mainstreet
Credit Union to convert from a Kansas state charter to a federal community
Click here for the complete wrap up from CUNA.
|LEVERAGE launches LEVERAGE Card Services, names King, director of transactional services|
LEVERAGE unveiled new branding for its transactional products and
services as LEVERAGE Card Services last week at the Southeast Credit
Union Conference and Expo (SCUCE).
LEVERAGE Card Services houses four card products for credit unions:
debit processing and service, credit processing and service, card holder
recovery services, and gift cards. It will also provide consulting for credit
unions that will look at their card portfolios and help recognize opportunities
to enhance and grow their portfolios.
“This new branding is a blend which recognizes the past and current state of
the card environment while also looking toward the future,” said LEVERAGE
President/CEO Patrick La Pine. “We are also dedicating resources to grow
portfolios and enter new lines of business. We recognize the value these
programs bring to credit unions for their short-term and long-term success so
we’re dedicated to bringing in the necessary talent.”
talent includes Zac King who joins the LEVERAGE team as director of
transactional services. Prior to coming to LEVERAGE, King worked at
Redstone Federal Credit Union, based in Huntsville, AL, where he was the AVP of
Card Payment Systems. He was a finalist in the 2013 CUES Next Top Credit Union
Exec Challenge and holds a bachelor’s degree in marketing and an MBA from the
University of North Alabama.
LEVERAGE understands the strategic importance of card
services products and strives to build programs around credit unions of all
sizes by leveraging its relationships to provide services that are
cost-effective and beneficial to credit union members.
To learn more about LEVERAGE
card services, visit the LEVERAGE website.
|Second Annual Jacksonville Dance Marathon tomorrow!|
Join the Northeast Florida Chapter of Credit Unions' Young
Professionals Group and Children’s Miracle Network Hospitals tomorrow, June 21,
for the Second Annual Jacksonville Dance Marathon.
Come out, put on your dancing shoes, and raise funds and awareness
for the pediatric programs at Wolfson Children’s Hospital and UF Health
Don't miss out - click here to register and "dance" for those who can't. Do it for the kids!
Florida Rural Electric CU Employee receives CUNA Management School Award
Pictured L-R: Laura Parrish, Kentucky Credit Union League presents award to Paula Tuten, Florida Rural Electric CU.
Paula Tuten operations/compliance officer with Florida
Rural Electric Credit Union in Tallahassee recently received an award for the Southeastern CUNA Management School 2nd year
project. There were five awards
presented for small asset size credit unions and five for large asset size
credit unions. Paula's project entailed
an extensive write up on Florida Rural Electric Credit Union including history,
charter, SWOT analysis, competitor analysis, and a five-year financial trend.
Wiregrass Chapter donates
Area United Way Food Bank
Pictured L-R: Corie Ward, Five Star
Credit Union internal auditor and LSCU Wiregrass Chapter secretary and
treasurer, with Amanda Hahn, Army Aviation Center Federal Credit Union
marketing specialist and LSCU Wiregrass Chapter president.
The LSCU's Wiregrass Chapter donated $500 to the Wiregrass Area United Way
Food Bank at the chapter's quarterly meeting in June. Army Aviation Center
Federal Credit Union, Five Star Credit Union and Wiregrass Federal Credit Union
also made canned food donations.
Three credit unions in the Chapter, Army
Aviation Center Federal Credit Union, Five Star Credit Union and Wiregrass
Federal Credit Union, organized the event.
|LSCU & Affiliates Media|
has a contract management solution that is web based and easy for your
credit union to stay on top of all of the credit union's various
Southeastern Credit Union Foundation
The Southeastern Credit Union Foundation works hard for Alabama and Florida credit unions. The foundation offers five pillars: financial education, professional development, disaster relief, fundraising, and the credit union philosophy. This video gives a better explanation to what the foundation offers credit unions.
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