July 10, 2014
Thursday Edition
CUNA's Hampel in The Hill: CUs a good option for anyone

CUNA interim President/CEO Bill Hampel letter's, featured in The Hill, is a response to a June 24 op-ed by the American Bankers Association that attacked plans to create a credit union to serve professional athletes and their families. 

The proposed credit union, sponsored by the ex-spouse and the mother of professional baseball players, would have financial education as its mission and aim to meet the unique needs of professional athletes at all levels.

Hampel went on to say that while superstars with eight-figure contracts receive most of the attention--especially from the bankers--the proposed Players Choice FCU would serve all athletes.

"Most pro athletes are not millionaires. Also on the list are minor league baseball, basketball, and soccer players, many of whom have quite low incomes. A much greater portion of these lower-income athletes are likely to avail themselves of a credit union than would the high-paid superstars, most of whom are probably served by private bankers," Hampel wrote.

Hampel's op-ed comes a week after National Credit Union Administration board member Michael Fryzel weighed in on the same topic in The Hill, saying credit unions are part of a financial system that offers a wide variety of services to meet the needs of consumers of all types (News Now July 3).

CUNA's Hampel also refuted the ABA's claim that that professional athletes don't deserve membership to a credit union specific to their needs in a June 29 editorial by Wayne Green in the Tulsa (Okla.) World.

Click here to read Hampel's op-ed.

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NCUA will post recorded listening sessions to website

The National Credit Union Administration will begin posting audios of its June 26, July 10, and July 17 Listening Sessions within the next few weeks. Although the forums are open to any topic, the NCUA's risk-based capital proposal dominated the discussion at the June gathering in Los Angeles and promises to do so at the final two sessions.

Originally, the agency had not planned to record the sessions. However, the NCUA has subsequently said that within a few weeks of each gathering--which is the amount of time the agency expects it will take to transcribe the audios to comply with federal laws on closed captioning for the hearing impaired--the recordings will be posted to the NCUA website.  

This week's session in Chicago will be attended by NCUA Chair Debbie Matz, as well as board members Rick Metsger and Michael Fryzel. The sessions are scheduled to run from 1 to 4 p.m. (CT) Thursday. Watch News Now for coverage.

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2015 Wegner Awards nominations deadline nears

Credit union supporters have until Thursday, July 31, 2014 to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation (NCUF). Winners will be honored at NCUF’s annual awards dinner on March 9, 2015 in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.

Nominations need to be made by Thursday, July 31, 2014 for the following awards:

  • The Lifetime Achievement Award
  • The Individual Achievement Award
  • The Outstanding Organization/Program Award

Nominations can come from individuals and/or organizations. The following are the three steps needed to make a nomination:

  1. Complete the Wegner Awards nomination form on the NCUF website.
  2. Gather at least five letters of recommendation citing examples of the nominee’s achievements relevant to the award criteria.
  3. Send the nomination form and recommendation letters electronically to NCUF by July 31, 2014.

Questions about the Wegner Awards can be directed to Danielle Brown at 608.556.2406.

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LEVERAGE partner Invest in America becomes Love My Credit Union Rewards

Beginning August 1, 2014, LEVERAGE partner Invest in America will become Love My Credit Union Rewards. As the program is growing with new partners, enhanced technology, and additional marketing options, the time is right for a new name.

On August 1, Love My Credit Union Rewards will introduce:

  • A new consumer website
  • Bundled shopping categories including: Auto, Home, Technology and Entertainment, Finance, Shopping, and Invest in America
  • Love to Shop, which replaces Shop America, with a new platform that will provide exclusive daily offers to bring members back more often
  • New marketing materials to promote the overall rewards program, individual discounts, and materials that support the bundled discount categories

If you have questions or need assistance, contact a LEVERAGE Business Development Consultant.

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In This Issue
Thursday Edition
CUNA's Hampel in The Hill: CUs a good option for anyone
NCUA will post recorded listening sessions to website
2015 Wegner Awards nominations deadline nears
LEVERAGE partner Invest in America becomes Love My Credit Union Rewards
LSCU & Affiliates Media


2014 Southeast Credit Union Conference and Expo

The LSCU & Affiliates hosted the Southeast Credit Union Conference and Expo. The conference featured former Florida State Football Coach Bobby Bowden, National Credit Union Foundation Executive Director Gigi Hyland, CUNA Mutual Group CEO Bob Trunzo, and Filene Research Institute CEO Mark Meyer.


President's 2Q Video
The LSCU & Affiliates President/CEO Patrick La Pine provides an update from the second quarter and also looks ahead to the rest of the summer.

Upcoming Event Deadlines
July 15 Last Day to Register - LSCU BSA Essentials & Advanced Workshops - Mobile, AL
July 16 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

Sept. 8 Last Day to register - LSCU Fall Regulatory compliance Update - Birmingham, AL

Sept. 9 Last Day for Early Bird Rate – LSCU Collections & Bankruptcy School – Birmingham, AL

Sept. 10 Last Day to Register - LSCU Fall Regulatory Compliance Update - Birmingham, AL

Sept. 23 Last Day for Early Bird Rate – LSCU OFAC/BSA Basic & Advanced School – Tallahassee, FL

Sept. 23 Last Day for Early Bird Rate – LSCU Lending School – Birmingham, AL

Upcoming League Events
July 13-16 - SE Regional Director's Conference
July 14 - The Rise of Bitcoin & Virtual Currencies
July 15 - New CFPB Income Verification Rules
July 16 - BSA Essentials & Advanced, Mobile
July 16-17 - Philosophy in Action Workshop Orlando
July 16 - Overdraft Protection Review
July 17 - BSA Essentials & Advanced, Huntsville AL
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