LSCU eSignal Weekly
LSCU eNews Weekly May 10, 2010
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LSCU eNews Weekly
In This Issue
LSCU Headlines
Bill Cheney chosen to succeed Dan Mica as head of CUNA
Vote on financial regulatory overhaul getting closer
Compensation survey coming May 17
LSCU image campaigns looking to 2011
Tucker Carlson AC&E preview podcast available
Call for tributes to be presented at the Annual Convention & Exposition
New blog "CUNA*verse" focuses on CU/CUNA topics
Filene Research Institute calls for 17 new i3 innovators
Governmental Affairs News
Final push for Action Alerts on regulatory restructuring
Washington D.C. Update includes reg restructuring progress
Compliance Corner
League InfoSight features new BSA examination manual
Compliance calendar and training schedule
LSCU Education News
LSCU Annual Convention & Exposition is six weeks away
Bank Secrecy Act training is scheduled for Birmingham May 18
Interested in becoming a SRCUS CUNA Management School Graduate?
LEVERAGE News
LEVERAGE signs three credit unions to new gift card program
Ventelligence group purchasing event coming soon
News from You
Insight Credit Union receives two Diamond Awards from CUNA
Tampa Chapter of Credit Unions' Golf Classic raises over $18,000 for CUPAC
Community First Credit Union of Florida Awarded LEEDŽ Green Building Silver Certification for St. Johns county branch
Tampa Chapter of Credit Unions organizes Red Flags compliance seminar for employees
Employment
Credit union employment opportunities posted online
Calendar
Schedule of events
In This Issue
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LSCU Headlines

Bill Cheney chosen to succeed Dan Mica as head of CUNA

               Bill Cheney

William “Bill” Cheney will be the successor to Dan Mica as president and CEO of the Credit Union National Association (CUNA). Cheney, 49, is currently president and CEO of the California/Nevada Credit Union Leagues.

“After an exhaustive search, in which nearly 100 highly qualified candidates were considered, the CUNA Board has unanimously accepted and certified the executive search committee’s recommendation of Bill as the next chief executive of our association,” said Kris Mecham, chairman of the CUNA Board. “Bill’s long service to credit unions, as both a financial institution executive and association leader, ensure that our association will not miss a beat in advocating for credit unions.”

Mecham said Cheney, who has been the California/Nevada Leagues' president since 2006, will take the reins July 5.

“I am honored that the CUNA Board has the confidence in me as their selection for this position, given the very extensive search that was conducted by the committee,” Cheney said. “I am ready for the challenge and excited about the opportunity. Dan Mica has built a great team and I look forward to leading it in continued pursuit of critical credit union goals.”

Current CUNA CEO Dan Mica said he fully concurred with and applauded the board’s selection of Cheney, “He has the resume and the real experience to do the job brilliantly,” Mica said. “His many visits to Capitol Hill and the relationships he has built, his tireless work with the regulator, his bonds with his California and Nevada members, his knowledge of credit unions and of business in general makes him the ideal candidate. I anticipate an absolutely seamless transition from my tenure to that of the new leader of the credit union movement.”

Mica will remain as a consultant to Cheney through the end of 2010.   [ Return to Top ]

Vote on financial regulatory overhaul getting closer

The Senate spent much of last week looking at amendments to S. 3217, Restoring American Financial Stability Act of 2010. Sen. Harry Reid (D-NV) told the Washington Post that he doesn't feel the bill is moving fast enough. The ranking Senator on the Senate Banking Committee disagreed. 

"Remember, this affects all of our economy - everything," Sen. Richard C. Shelby (R-AL.), the main Republican negotiator on the bill, said on the Senate floor. "We are making progress. We might not be making progress as quickly as some people would like."

Sen. Reid has not asked for a vote on the bill yet, but he may do so this week. However, Republicans continue to work to allow hearings on each amendment. Senators were asked to look at proposals over the weekend to try to consolidate as many as possible to allow for more hearings on the amendments. To read the full Washington Post story, click here

The Washington D.C. update in this week's eSignal has a more comprehensive update on the amendments that will affect credit unions the most.   [ Return to Top ]

Compensation survey coming May 17

The rapidly changing economic state has made it critical that credit unions keep up with peers in offering a competitive salary and benefits package without unnecessarily paying too much. Credit unions rely on a variety of resources to determine the appropriate mix of salary and benefits to recruit and retain top-notch employees, including industry-specific, local and national surveys and websites. The LSCU will be conducting an industry specific, regional compensation and benefits survey for its member credit unions.

The survey online link will be available May 17. The survey will be administered by HRN Management Group which performs compensation and benefits surveys across the country. The survey is completely online and takes about 25 minutes to complete, depending on the size of the credit union. All data collected by HRN  is taken in strictest confidence; no one outside of HR Value Group will see any individual results and all surveys will be destroyed once the data is assembled.

Once the survey has been completed, HRN will collate the data and turn it into the first LSCU Compensation Report for credit unions in Alabama and Florida. A detailed report summarizing results will be available in August. The report will summarize salaries and benefits packages for management and non-management positions. Member credit unions that complete the survey will receive a complimentary PDF copy of the final report.

An email with the link and instructions will be emailed later this week. If you have any questions about the survey, contact LSCU HR Manager Liz Aperauch at 866.231.0545 ext. 1142. [ Return to Top ]

LSCU image campaigns looking to 2011

The Alabama and Florida Image Campaign Task Forces are looking to 2011 for a cooperative advertising campaign. Each Task Force is working on key messages and themes for a comprehensive campaign that will involve ads, an online presence, and social media. The planning for 2011 is still in its infancy but a timeline is being formulated that will bring ideas to credit unions by the end of the summer or early fall.

If you have any questions on the Image Task Force for either state or would like to be in on the process, contact LSCU VP, Communications Mike Bridges at 866.231.0545 ext. 1022.   [ Return to Top ]

Tucker Carlson AC&E preview podcast available

Tucker Carlson

The 1st LSCU AC&E is coming up June 16-18 and in anticipation of the convention, the LSCU will provide previews through audio podcasts. Political commentators Tucker Carlson and Paul Begala will provide the keynote address June 17. Carlson recently spoke with LSCU VP, Communications Mike Bridges about credit unions, the climate in Washington and getting a chance to speak with "real" people outside Washington. 

You can access the podcast by clicking on the LSCU Homepage at www.lscu.coop.   Coming later this week will be an audio podcast with LSCU President/CEO Patrick La Pine previewing the AC&E.  

If you have any questions or problems listening to the podcast, contact Bridges at 866.231.0545 ext. 1022.   [ Return to Top ]

Call for tributes to be presented at the Annual Convention & Exposition

At the Annual Convention & Exposition in June, the LSCU would like to honor those credit union employees, directors, and volunteers who have either retired or passed away in the past year. Send nominations to the LSCU with names, titles, and a brief description of the person's contributions to your credit union so that we can appropriately honor the people who have given so much to the credit union movement.

Send submissions by June 1 to Adena Whitman, Director, Member Relations. [ Return to Top ]

New blog "CUNA*verse" focuses on CU/CUNA topics

Late last week CUNA) launched its first organization-wide social media effort with "CUNA*verse," a blog written by CUNA Madison and Washington staff covering a range of association and CU system topics.

"We wanted a new opportunity for our members to benefit from the expertise of CUNA staff in an interactive, social media setting," said Mark Wolff, CUNA senior vice president, communications.

"CUNA staff has expertise to share and this is a new avenue for that to shine through," added Christopher Morris, CUNA councils manager of communications & web resources, a project manager for this new social media site.

CUNA staff will be writing on a wide variety of topics, including: issues affecting credit unions, articles from CUNA archives in Madison, insights from the Washington office on governmental affairs, and more. The first few posts discuss credit union social media policies; several CU compliance issues; observations on the dynamics of the 2010 elections; an overlooked contribution by U.S. President Herbert Hoover to credit union history; and a chance for readers to win a copy of the new book by Jim Collins, the keynote speaker at the upcoming 1 Credit Union Conference.

The blog has also launched a corresponding Twitter feed that will link to blog updates as well as related information from CUNA. [ Return to Top ]

Filene Research Institute calls for 17 new i3 innovators

Filene is now seeking 17 new i3 innovation members. Do you have what it takes?

If you are passionate about the credit union system and constantly envision ways to help credit union members, we want you. If you think the road to financial recovery depends on Main Street fixes instead of Wall Street flash, we want you. Innovative executives from natural person credit unions in the United States and Canada who embody the spirit of continuous improvement are encouraged to apply.

Denise Gabel, Filene’s chief innovation officer, notes that while the recruitment focuses on credit union senior managers who are on a career path toward CEO status, “This year we are opening up the program to include current CEOs from credit unions under $50 million in assets. The opportunity is ripe for those who are committed to professional development, developing an innovation competency, and contributing to transformational change for credit unions at this exciting historic time.”

The application deadline is Sunday, June 13, 2010 – no exceptions. Candidates will be selected and notified by July 16, 2010.

To learn more and apply for the program visit: http://filene.org/home/innovation/i3/2010application. [ Return to Top ]

Governmental Affairs News
Final push for Action Alerts on regulatory restructuring

The LSCU Governmental Affairs team sent out a number of Action Alerts last week asking credit unions to let their Senators know how S. 3217 will affect how they do business.  

Many have already called or utilized CapWiz and the LSCU appreciates those efforts. However, with the final push coming this week, the LSCU is asking credit unions to invite their membership to participate in this grassroots effort. An amendment favoring the merchants on this issue continues to gain momentum, and the LSCU needs a critical mass of communication from credit unions and credit union members conveying their position.

A pre-written letter is available for credit unions at the Credit Union Grassroots Action Center, http://capwiz.com/cuna/home/. The letters can be personalized and sent as an email or printed and delivered for you. For those that would prefer to call, numbers are provided below.  

Alabama

Senator Richard Shelby – has stated we do not need to call him as he is with us on the amendments.
Senator Jeff Sessions – 202.224.4124

Florida

Senator Bill Nelson - 202.224.4124
Senator George LeMieux – 202.224.3041

If you have any questions, contact  LSCU Vice President, Legislative Affairs/Staff Counsel Will McCarty or LSCU Vice President, Legislative Affairs Mark Landreth.

 


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Washington D.C. Update includes reg restructuring progress

Regulatory Restructuring continues to be at the top of the agenda on Capitol Hill. The Senate comes back Monday to resume debate; however, no votes are expected until Tuesday. 

More than 180 amendments to the Regulatory Restructuring bill have been filed and the LSCU and CUNA are tracking about 55 relevant to credit unions. The vast majority of them will not ultimately be offered for debate. The LSCU expects that as early as Wednesday, cloture could be filed on the bill which will have a couple of effects: it will limit the number of amendments that can be offered and in certain circumstances it will raise the threshold necessary to secure passage to 60 votes.

On Friday, CUNA sent several letters to the Senate expressing its views on amendments and the legislation as a whole. CUNA wrote in support of the Cardin amendments (#3843 / #3901) to make permanent the temporary increase in deposit and share insurance coverage enacted last year; and, CUNA also wrote in opposition to the Harkin amendment (#3812) to place a 50-cent limit on ATM fees. CUNA also wrote a letter expressing its views on the bill in its current form.

Earlier in the week, CUNA wrote in support of the Collins amendment (#3863) to add the NCUA Chairman to the Financial Stability Oversight Council. CUNA also wrote in support of the Snowe amendment (#3755) to remove the section of the bill requiring the collection of deposit account data; the Senate approved this amendment by unanimous consent. While we continue seek improvements to the legislation, we remain seriously concerned with the various interchange fee amendments introduced by Senator Durbin (#3769 and #3771). 

CUNA is working closely with the Electronic Payments Coalition Partners and the Independent Community Bankers of America to oppose the amendments.  The League issued an action alert last week in opposition to these amendments and continue to ask credit unions to encourage their members to contact their Senators in opposition to these amendments. The LSCU appreciates all who have called their Senator in opposition to these interchange amendments.  League staff has been in regular contact with staff from our Senate offices to explain the problems that these amendments pose to credit unions.

It remains unclear whether a vote on these amendments will be permitted, which makes it critically important that credit unions' grassroots efforts in opposition continue until further notice. You can read the CUNA letters by clicking here and going to the LSCU Reg Restructuring Resources page. 

The League is also monitoring amendments filed by Sen. Sam Brownback (R-KS) (#3789 and #3790) which would give auto dealers an exemption from the regulations, examination and enforcement of the new consumer bureau. Monday morning, CUNA sent a letter of opposition to these amendments.

Finally, Friday Sen. Brownback filed an amendment that would increase the $10 billion examination and enforcement threshold for credit unions and community bank supervision by the consumer bureau. CUNA and the LSCU supports this amendment.

As the debate continues this week, the focus is expected to be more on the derivatives and securities titles than the systemic risk and consumer protection titles. 

The timeline for final passage is unknown. However, Sen. Harry Reid (D-NV) has suggested he would like a vote on final passage by the end of this week. But, with the Senate not voting today and not expected to vote on Friday, that timeline may be aggressive. Others have suggested that cloture may be filed on Wednesday and debate wrapped up next week.  

Over the next several days, the LSCU anticipates the path ahead for the legislation will become clearer. Before final passage, Sen. Chris Dodd (D-CT) is expected to offer a manager's amendment, which could be released as early as this week. The manager’s amendment is expected to incorporate several non-controversial amendments and to address other issues which have not yet been subject to debate. The LSCU is hopeful the Collins amendment will be included in the manager's amendment and that the manager's amendment will also address credit unions' concerns regarding the remittances language.

On the other side of the Capitol, the House returns Tuesday to consider bills under suspension of the rules. Wednesday the House will consider additional bills under suspension of the rules. On Thursday, the House will consider H.R. 5116, the America COMPETES Reauthorization Act.  No votes are expected in the House on Friday.

Committee hearings of note

Tuesday the House Financial Services Committee Subcommittee on Oversight and Investigation will hold a hearing on "TARP Oversight: An Update on Warrant Repurchases and Benefits to Taxpayers." Also Tuesday, the House Financial Services Committee Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises will hold a hearing on "The Stock Market Plunge: What Happened and What's Next?"  Also Tuesday, the Senate Finance Committee will hold a hearing on "The President's Proposed Fee on Financial Institutions Regarding TARP." This is the third hearing in a series of hearings on this subject.

Wednesday, the House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit will hold a hearing on the "Use of Credit Information Beyond Lending:  Issues and Reform Proposals."  Also Wednesday, the House Financial Services Committee Subcommittee on Oversight and Investigation and the Subcommittee on Housing and Community Opportunity will hold a hearing on "Minorities and Women in Financial Regulatory Reform: The Need for Increasing Participation and Opportunities for Qualified Persons and Businesses."

If you have any questions regarding these or other legislative issues, contact LSCU Vice President, Legislative Affairs/Staff Counsel Will McCarty or LSCU Vice President, Legislative Affairs Mark Landreth.

[ Return to Top ]

Compliance Corner
League InfoSight features new BSA examination manual

League InfoSight for this week has a valuable link: the 2010 BSA/Anti-Money Laundering examination manual. It's available with eight pertinent updates. These updates include examination procedures, fund transfers, and ACH transactions, to name a few. The 2010 version further clarifies supervisory expectations since the August 24, 2007 update and can be found on the League InfoSight site. 

The Truth in Lending (TIL) Act has not been updated in 25 years. The first significant changes are coming July 1. CUNA has issued five "untruths" about the new changes. When the changes occur credit unions must make sure that open-end loans comply with the comprehensive changes made to account-opening disclosures, periodic statements, change-in-terms disclosures, and advertising, as well as credit card applications and solicitations.

This week's League InfoSight also has a story on new Internet Gambling Rules compliance for June 1. The rules require credit unions and other financial institutions to establish and implement policies and procedures to identify and block restricted Internet gambling transactions, or rely on those procedures established by the payments system.

View the League InfoSight enewsletter by clicking here. It is a password protected area. Member credit unions that do not have a password, may click here to sign up for one. An active email account and a password are required. To log in to InfoSight, enter your email and password in the InfoSight login block (see graphic below) located in the upper right of any of the LSCU web pages.

For questions or more information on League InfoSight, contact LSCU Vice President, Regulatory Affairs Bill Berg.

[ Return to Top ]

Compliance calendar and training schedule

Compliance calendar and training schedule for May and June

May 17
IRS Forms 990 & 990-T (state-chartered credit unions) -  Due to IRS

May 31
Memorial Day - Federal Holiday

June 1
Identity Theft Red Flags - Effective Date (for state-chartered credit unions)

Regulation GG - Internet Gambling Funding Prohibition - Effective Date

Training

May 19 & 26
Mortgage Lending Regulations - Webinar
2:00–4:00 p.m. CT

June 2 & 16
NCUA Requirements & Guidance - Webinar
2:00–4:00 p.m. CT

June 23 & 30
Deposit Account Regulations - Webinar
2:00–4:00 p.m. CT

June 24
Pressing Credit Union Compliance Issues - Audio Conference
1:00–2:30 p.m.CT [ Return to Top ]

LSCU Education News
LSCU Annual Convention & Exposition is six weeks away

The LSCU Convention will be held June 16-18, 2010 at the JW Marriott, Grande Lakes, Orlando, FL 

Convention Highlights include…. 

  • Guest Speakers: 
    • Dan Mica, CUNA President/CEO
    • Jeff Post, CUNA Mutual Group President/CEO 
    • Pete Crear, wOCCU President/CEO
    • Al McMorris, Chairman of the National Credit Union Foundation
    • General Session featuring keynote speakers Paul Begala and Tucker Carlson
  • Six Leadership Council Pre-conference workshops
  • Six Director Institute/Volunteer Achievement courses
  • Fourteen educational sessions with featured instructors - Lois Kitsch, Mark Meyer, Mike Schenk and more!
  • Regulatory Compliance forum
  • Small Asset Sized Credit Union roundtables
  • Golf Tournament
  • Airboat Adventure to Old Florida Fish Camp
  • Winter Park tour and luncheon - for guests
  • Cooking class with the JW chefs - for guests
  • A Best in Class exhibit hall with over 120 organizations represented!
  • A dinner, dance, and silent auction benefiting Children’s Miracle Network

The early bird deadline has passed, but it’s not too late to register for this premier event. Click here for complete details. The cut-off date for reservations at the hotel is May 15, 2010. So book your rooms today if you haven’t done so already and start making your travel plans. We are looking forward to hosting a FANTASTIC event for our credit unions!
[ Return to Top ]

Bank Secrecy Act training is scheduled for Birmingham May 18
Bank Secrecy Act training:

Time: 9:30 - 11:30 a.m. - Essentials training
12:30 - 2:30 p.m. - Advanced training

Price: $75.00 per person per session/$150 for both
Location: League of Southeastern Credit Unions - Alabama Office
Lunch is provided for participants

BSA Essentials: The BSA essentials class is appropriate for front line staff, lenders and officials. The two hour class incorporates a currency transaction report workshop that looks at completed forms based on several common scenarios. Some of the topics discussed will include the following: Bank Secrecy Act program oversight, creation and maintenance; risk assessment; review of currency transaction reports; and currency transaction report exemptions. Click here for registration.

Instructor: Ashley Mobley, assistant vice president of CU-ACE began her career with the League of Southeastern Credit Unions in 2005, serving credit unions in south Alabama. In 2007, she achieved BSACS, Bank Secrecy Act Compliance Specialist, certification and has since conducted BSA independent testing procedures as well as statewide training to assist credit unions in achieving compliance. 

BSA Advanced: Topics discussed in the class include the following: Bank Secrecy Act program oversight, creation and maintenance; risk assessment; review of currency transaction reports (common error review); currency transaction report exemptions; filing requirements; technology and the Bank Secrecy Act; plus many more areas.

Typically, the BSA Advanced class is appropriate for managers and compliance officers. The two hour BSA advanced class incorporates a suspicious activity report workshop in which completed forms based on several common scenarios (focusing on narrative preparation) are studied. Click here for registration. [ Return to Top ]

Interested in becoming a SRCUS CUNA Management School Graduate?

The Southeast Regional CUNA Management School for credit union executives offers a three-year program. The eight-day session each year is intensive, highly educational, and rewarding. The 2010 school will be held June 11-18, at the University of Georgia in Athens, GA. The League of Southeastern Credit Unions has scholarship funding available for qualifying applicants. Click here for more information about the school or to register. Scholarship inquiries should be directed to LSCU Vice President, Cooperative Initiatives Laura Vann at 866.231.0545 ext. 2181. [ Return to Top ]

LEVERAGE News
LEVERAGE signs three credit unions to new gift card program

The new Gift Card Program offered through LEVERAGE saves credit unions money through lower card costs and adds more value to gift card purchasers through immediate activation, more design options, and an easy-to-use program. Three credit unions recently converted to the new program: Florida Rural Credit Union, Tree Capital Credit Union, and Pensacola Federal Credit Union, with several more scheduled for the change. For more information on how you can offer this program to your members and provide additional non-interest income for your credit union, click here. [ Return to Top ]

Ventelligence group purchasing event coming soon

Is your credit union planning to purchase computer equipment, building security services, security equipment, or armored car services in the near future? If so, take advantage of an opportunity to save money with  Ventelligence. Leverage your buying power by utilizing group purchasing events for the following:

  • Computer equipment: computers, laptops, software, support services, printers, and more
  • Building security services: alarms, monitoring, etc.
  • Security equipment: purchase or lease
  • Armored car services

LEVERAGE is extending an open invitation to those credit unions that will be purchasing any of the items to participate. There is no long-term contract commitment required to participate in this ePurchasing event. Purchasing details do not need to be identical to those of other participants, only specific to your needs, and you remain in charge of making decisions throughout every step of the process.

Closing dates for participation are coming soon! To participate or for more information about the collaborative buying process, call LEVERAGE Director of ePurchasing Lori Vary at 941.747.9646 by May 20, 2010.

Ventelligence is an automated system that provides solutions and tools for organizing, assessing risk, tracking, and monitoring third party agreements. It goes a step further by providing tools to help credit unions streamline the buying process along with a platform for group buying and e-purchasing. [ Return to Top ]

News from You
Insight Credit Union receives two Diamond Awards from CUNA

Insight Credit Union - formerly Insight Financial Credit Union - was awarded with not one, but two Diamond Awards from the Credit Union National Association (CUNA).

The CUNA Diamond Award represents the pinnacle of credit union marketing, and is awarded based on strategy, creative concept, and results.The awards were presented at this year's CUNA Marketing Council Conference held in Washington.

Insight was honored with a Diamond Award in the Direct Mail – Series category for the month-long “Thank You” campaign that reached out to members at the Orlando-Downtown Branch as the credit union offered new service guarantees. The credit union was also recognized with a Diamond Award in the Community/Public Relations Event category for their community service efforts during last year’s annual Cruise for a Cause event.

[ Return to Top ]

Tampa Chapter of Credit Unions' Golf Classic raises over $18,000 for CUPAC

The Tampa Chapter of Credit Unions held the 17th Annual Golf Classic event recently, raising more than $18,000 to support the Credit Union Political Action Committee (CUPAC). The tournament, held at the Plantation Palms Golf Club in Land O’ Lakes, was set up as a four-person shotgun scramble. A total of 56 credit union supporters registered to participate forming a total of 14 teams in the tournament. 

After finishing the course, each player enjoyed a Mexican lunch buffet sponsored by LEVERAGE, the LSCU Service Corporation. The first place winning team at the tournament with the best score of 60 went to Brian Best, Wes Strickland, Jon Jacoby, and John Trujillo.

Left to right, Brian Best, Wes Strickland, Jon Jacoby and John Trujillo

[ Return to Top ]

Community First Credit Union of Florida Awarded LEEDŽ Green Building Silver Certification for St. Johns county branch

     John Hirabayashi

Community First Credit Union of Florida announced that its St. Johns County branch was recently awarded LEED (Silver) Certification established by the U.S. Green Building Council (USGBC) and verified by the Green Building Certification Institute (GBCI). LEED (Leadership in Energy & Environmental Design) is the nation’s preeminent program for the design, construction and operation of high performance green buildings.

“As the first financial institution built to LEED certified standards in St. Johns County, we are excited to be pioneering the way in green construction,” said Community First President/CEO John Hirabayashi. “Our St. Johns branch is Community First’s second Silver LEED certified branch and these buildings represent a long term value for our members, our communities, and the environment as a whole.”

The branch achieved LEED certification for its energy use, lighting, water, material use, and the incorporation of a variety of other sustainable strategies that positively impact the project itself and the broader community. These features include skylights that reduce electricity usage, structural design that minimizes water usage and most of the building’s construction materials contained a portion of recycled content, and were purchased from nearby vendors to reduce environmental impact. By using less energy and water, LEED certified buildings save money for families, businesses, and taxpayers.  [ Return to Top ]

Tampa Chapter of Credit Unions organizes Red Flags compliance seminar for employees

Credit Union employees representing the Tampa Chapter of Credit Unions were recently provided an opportunity to attend a two hour training seminar that targeted the Red Flags rules and guidelines. The training seminar was presented by William G. Berg, VP of Regulatory Affairs with the League of Southeastern Credit Unions. 

GTE Federal Credit Union hosted the seminar serving a total of 44 attendees, representing 11 local Credit Unions. Berg demonstrated the credit union philosophy of “People Helping People” by ensuring that each credit union in attendance was given the necessary steps to ensure Red Flag compliance. The steps included how to implement responsibilities, monitor report activity, develop prevention methods and address suspicious activity thus minimizing risk. In addition, the audience shared best practices and collaborated on how to remain compliant at all times. Feedback from the credit unions confirmed this topic was timely and well-received.

Bill Berg, Vice President, Regulatory Affairs with the League of Southeastern Credit Unions leading compliance seminar.

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Employment
Credit union employment opportunities posted online

Click here to view credit union-specific job opportunities in Florida and Alabama. [ Return to Top ]

Calendar
Schedule of events

May and June events:

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