June 20, 2014
Friday Edition
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, 2019.

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.

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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 charter.

Click here for the complete wrap up from CUNA.

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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.”

That 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.

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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 Jacksonville.

Don't miss out - click here to register and "dance" for those who can't. Do it for the kids!

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CU happenings

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 to Wiregrass
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.

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In This Issue
Friday Edition
McWatters confirmed to NCUA board
Thursday's NCUA board meeting
LEVERAGE launches LEVERAGE Card Services, names King, director of transactional services
Second Annual Jacksonville Dance Marathon tomorrow!
CU happenings
LSCU & Affiliates Media

Contract Management
LEVERAGE 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 contracts.

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.

Upcoming Event Deadlines
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
Aug. 1 Last Day to Register - Southeast Supervisory Committee Conference - Point Clear, AL
Aug. 5 Last Day for Early Bird Rate – LSCU Fall Regulatory Compliance Update – Tallahassee, FL
Aug. 7 Last Day for Early Bird Rate -  LSCU Fall Regulatory Compliance Update – Birmingham, AL
Upcoming League Events
June 24 - Reg E & Debt Card Error Resolution
June 25 - Mobile Remote Deposit Capture
June 28 - July 2 - America's Credit Union Conference
July 1 -  Will AML/BSA/OFAC Meet Examiner Scrutiny?
July 2 - Consumer Loan Documentation
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