August 4, 2014
Monday Edition
Special session begins Thursday in FL

Late Sunday night, Speaker Will Weatherford (R-Wesley Chapel) announced that members of the Florida House will be required to attend a special session on Thursday Aug. 7 in Tallahassee.

Last Friday, Leon County Judge Terry Lewis ruled that Florida's congressional map must be redrawn by Aug. 15, therefore requiring the legislature to reapportion the districts quickly. Lewis had earlier ruled that Districts 5 and 10 held by Corrine Brown and Daniel Webster respectively, did not comply with Florida's Fair District Amendments to the constitution.

With only three weeks to go before the Aug. 26 primary, the League's GA team will be watching closely to see how this ruling effects the voting process.

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President's point

The LSCU & Affiliates held its annual management team planning retreat this past week in Tallahassee. The first two days consisted of scenario planning and taking a look at the next three to five years for the LSCU & Affiliates, as well as the credit union movement. The last two days were facilitated by author and speaker Mary Byers. She is the co-author of Race to Relevance and Road to Relevance; two excellent books on associations. She challenged our team to find our strengths and weaknesses, while also looking for common traits across the organization. We came out of the four days excited about where we are today as an organization, but focused on the future and how need to continue to excel and not get complacent.

Scenario planning is a helpful tool in emphasizing that strategy isn’t just about numbers. Scenarios start with the outside first, asking what big changes are in play and what impact they might have for the credit union industry and the LSCU & Affiliates specifically. Scenarios may paint alternative pictures of the future but also underscore common themes. Often these common “threads” across different scenarios turn into priorities or “Key Success Factors” (KSFs) for the organization. Beyond a big-picture view, scenarios can also provide a means to assess the likely impact of new or planned initiatives. The point of scenarios is not to make major strategic swings based on isolated bits of information, but to listen to the signals and make sense of them as a team. By using scenarios in our strategic planning process we aim to focus on potential major changes lurking in the wings and how we monitor any shifts around the edges. Using scenarios will help us gain the peripheral vision needed to become a sustainable organization and bring an experimental mindset into our planning process.

Our management team and board did a similar exercise in the late summer/early fall of 2011. Last week we looked at how close we were on those scenarios. Back in 2011, the economy and the new LSCU were fresh on our minds and I have to say we were fairly close when it came to big issues to watch for and our KSFs that are important no matter which market scenario the LSCU encounters. Three years later the KSFs were very similar, with a few changes. Our 2014 scenario planning was based around the future of CUNA/League system structure and the credit union business model. We look at four scenarios which break down into what both are doing well, one is doing well while the other is struggling (or vice versa) or both are struggling. We then looked at what factors cause each scenario to happen and how we would be affected. Mary reinforced to the group that the decisions we make need to help our credit unions work less stressfully, more profitably, and more productively. 

Scenario planning is a great tool for organizations, especially in the ever-evolving financial services marketplace that we operate in. Scenarios draw attention to possibilities we may otherwise not have taken seriously creating “memories of the future,” allowing us to recognize “weak signals” as the future unfolds. If you have not used scenario planning in the past, think about trying it in one of your upcoming planning retreats.

Where’s Patrick: I have a busy week ahead. I’m spending the first part of the week in Point Clear, AL at the Southeast Supervisory Committee Conference. I’m also taking the time to meet with Mobile area CEOs and managers. On Wednesday, I’m headed to Dallas to confab with Cornerstone Credit Union League President/CEO Dick Ensweiller. I’ll finish the week in Tallahassee. To see my tentative schedule for the next two weeks, click here.

Visit the LSCU YouTube page for the President's Quarterly video report.

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Credit unions hold meet and greet lunch with Jacksonville candidate

The League's Governmental Affairs team held a meet and greet lunch Friday afternoon in Jacksonville for state representative candidate Paul Renner. This allowed nearly 20 credit union officials an opportunity to spend 90 minutes with Renner to better understand his views. Renner, a Republican, served in the U.S. Navy including a tour of duty in Afghanistan. He is also a former prosecutor and a local business lawyer. 

On Saturday, LSCU Director of Governmental Affairs Jennifer Martin and Governmental Affairs Specialist Jordan Burroughs walked door-to-door with Renner's campaign. They were able to talk with him about credit union issues including public deposits and financial literacy.

Renner faces Democrat Jay Fant in one of the most expensive races in the state and the most expensive race in the House. To date, the candidates have combined to raise more than $500,000.

Paul Renner addresses credit unions during a meet and greet lunch in Jacksonville.

LSCU Director of Governmental Affairs Jennifer Martin (left) and Governmental Affairs Specialist Jordan Burroughs pose in front of a Renner for State House sign while they walk door-to-door for the candidate.


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Two Jacksonville-based credit unions finalize merger

Effective Aug. 1, State Employees Credit Union and First Florida Credit Union, both based in Jacksonville, legally became one entity, which will operate under the First Florida Credit Union name and charter. This merger will create a combined institution with more than $725 million in assets and allow the credit unions to offer expanded products and services to its now 60,000 members with 15 branches throughout Florida.

The board of directors from each credit union have come together to form a single governing body. The leadership team of the combined credit union includes senior managers from both credit unions with Brent E. Lister serving as president and chief executive officer.

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Alabama credit union employee in Top 15 finalists for CUES Next Top Exec

America's First FCU's Benjamin Teske has advanced to the next round of the CUES Next Top Credit Union Exec to be one of the top 15 finalists.

The Top 15 will now submit an update about their project to CUES Next Top Credit Union Exec blog. And to provide additional value to the competition experience, they’ll each receive an executive coaching session from DDJ Myers, Phoenix, a CUES Supplier member and strategic provider.

A judging panel of two CUES members and DDJ Myers President Deedee Myers will then score the Top 15’s applications and blog posts, narrowing the competition to the Final Five.  

The five finalists will give their final presentations at CUES’ CEO/Executive Team Network, Nov. 2-5 in Amelia Island, FL. The young leader named 2014 CUES Next Top Credit Union Exec on the final day of the conference will receive further coaching, airfare, accommodation, and registration for two CUES’ CEO Institutes, a total prize package valued at $20,000.

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In This Issue
Monday Edition
Special session begins Thursday in FL
President's point
Credit unions hold meet and greet lunch with Jacksonville candidate
Two Jacksonville-based credit unions finalize merger
Alabama credit union employee in Top 15 finalists for CUES Next Top Exec
LSCU & Affiliates Media

I give because...Brad Green, Listerhill Credit Union
Listerhill CU CEO Brad Green talks about why he gives to the LSCU PAC.

I give because...Gary Vien, Suncoast Credit Union
 Suncoast CU Chief Administrative Officer Gary Vien talks about why he gives to the LSCU PAC.

Upcoming Event Deadlines
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
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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