July 25, 2014
Friday Edition
Latest data breach target

Financial institutions nationwide are now reporting a highly suspicious pattern wherein multiple Goodwill Industries locations have been identified as a likely breach point for an unknown number of credit and debit cards.

Goodwill was first alerted to the potential data breach last Friday, and is now working with the U.S. Secret Service to further investigate the matter.

“Investigators are currently reviewing available information,” a statement issued to Internet security blogger Brian Krebs noted. “At this point, no breach has been confirmed but an investigation is underway. Goodwills across the country take the data of consumers seriously and their community well-being is our number one concern. Goodwill Industries International is working with industry contacts and the federal authorities on the investigation. We will remain appraised of the situation and will work proactively with any individual local Goodwill involved taking appropriate actions if a data compromise is uncovered.”

According to Krebs’ sources in the financial industry,  how many cards were compromised and what the duration of the breach was remains unknown.  What does seem apparent is that the data was lifted from Goodwill Store locations, but was used at venues like big box retailers and supermarket chains. This is consistent with the pattern established by other data previously reported at Michaels, Neiman Marcus, and P.F. Changs.

Click here to read the full story from PYMNTS.com.

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Florida OFR commissioner to appear on Florida Face to Face

Tune in to Florida Channel's Florida Face to Face program this Sunday, July 27 to see an interview with Drew J. Breakspear, commissioner of Florida’s Office of Financial Regulation. Breakspear will be speaking with Beth Switzer. Click here to search your local programing for air times. 

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Deadline for CUNA's Dora, Louise, and Desjardins awards one week away

The CUNA Awards Program is a great way to be recognized for your good works with the community and with your members. Ask yourself the following questions. If you answered yes to one, two, or all three, your credit union is the perfect candidate for submitting a winning entry.

Is your credit union involved with your community through special programs? For example, some credit unions have ongoing programs and establish a special relationship with local social service agencies or school programs. If the answer is yes, submit it as an entry for the Dora Maxwell Social Responsibility Community Service Award.

Does your credit union offer an internal program to improve a member's life? For example, programs that provide special assistance to low-income members struggling to pay heating bills or student-run in-school or campus branches. If the answer is yes, submit it as an entry for the Louise Herring Philosophy-in-Action Member Service Award.

Does your credit union promote youth and/or adult financial literacy through special activities or programs? For example, face-to-face teaching, publicity, lobbying for curriculum requirements, teacher and volunteer training, or promotion and use of educational programs such as the NEFE High School Financial Planning Program® (HSFPP). If the answer is yes, submit it as an entry for the Desjardins Youth or Adult Financial Education Award.

If you're interested in submitting but are unsure which award would be best suited to enter, feel free to contact LSCU Director of Communications Amy Jowers at 866.321.0545, ext. 1020, or check out the CU Awards Program webpage for a host of resources on the awards. Deadline in August 8.


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LEVERAGE partner Invest in America Newsletter releases July newsletter

LEVERAGE strives to bring you partners that help your bottom line and offer additional benefits to your members. Through the partnership that LEVERAGE has with CU Solutions Group, Invest in America offers many member discounts and services.

Click here to view July's Invest in America Newsletter, and feel free to share the newsletter with your entire team.

July's issue includes the following:

  • Beginning Aug.1, 2014, Invest in America will become Love My Credit Union Rewards
  • Exclusive savings and peace of mind from ADT
  • Summer savings from Sprint

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

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CU happenings

Pen Air FCU earns Bauer Financial Inc 5 Star Superior Rating
Pen Air Federal Credit Union in Pensacola, FL has earned Bauer Financial, Inc.’s highest 5-Star Superior rating for financial strength and stability. Bauer Financial has been analyzing the nation’s banks and credit unions for over 25 years and has earned the reputation as “the Nation’s Rating Firm”, so to garner its highest 5-Star rating is a time-honored badge of distinction. The rating is based on the overall financial picture of the credit union and, five stars, indicates that Pen Air Federal Credit Union is one of the strongest financial institutions in the nation. This is the 94th consecutive quarter that Pen Air Federal Credit Union has earned this highest honor; only five percent of the nation’s credit unions can claim this distinction.

Tampa Chapter of Credit Unions holds 10th Annual Cruise for Kids Motorcycle Poker Run
On April 13, a group of 320 big-hearted bikers hit the roads throughout the Tampa Bay area to raise money for local children’s charities. The bikers succeeded in this venture, raising $45,000 as they participated in the 10th Annual Credit Union Cruise for Kids Motorcycle Poker Run, sponsored by the Tampa Chapter of Credit Unions. Over ten years, the annual Credit Union Cruise for Kids has raised a total of $530,000 for donation to organizations which nurture children. This year’s recipients are:  Clothes to Kids, the Boys and Girls Club of Suncoast, Tampa Bay, and Hernando Counties, For Every Child Hope Totes, Oasis, Ronald McDonald House, Sylvia Thomas Center for Adoptive and Foster Families, Pasco Kids First, Inc., as well as All Children’s Hospital.

Tallahassee Leon FCU hosts MBA Summer Camp
Earlier this month fifty kids ages 8 through 16 participated in a Mini Billionaire's Academy at Camp Wallwood located in Gadsden County, FL. The MBA Summer Camp, or “Mini Billionaire’s Academy” was an overnight summer camp that used fun to teach kids about money. The camp was organized and conducted by senior managers from Tallahassee-Leon Federal Credit Union and the Boy Scouts of America. Campers participated in interactive activities to learn the benefits of understanding money and how to make good financial decisions. It was a fun way to instill financial sense to youth while zip lining, gathering around the camp fire, and going for night swims.
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In This Issue
Friday Edition
Latest data breach target
Florida OFR commissioner to appear on Florida Face to Face
Deadline for CUNA's Dora, Louise, and Desjardins awards one week away
LEVERAGE partner Invest in America Newsletter releases July newsletter
CU happenings
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
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 29 - SAFE Act Registration-Renewal- Compliance
July 30 - Avoid HMDA Reporting Mistakes
Aug. 3-6 - SE Supervisory Committee Conference
Aug. 5 - ACH Reclamations & Garnishments
Aug. 6 - Wire Transfer Compliance
Aug. 7 - 6 Building Blocks for Success
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