LSCU eSignal Weekly
LSCU eNews Weekly May 24, 2010
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LSCU eNews Weekly
In This Issue
LSCU Headlines
Senate passes reg reform bill
Credit unions asked to contact lawmakers on Interchange
LSCU now offering single day pricing for AC&E
Last week to donate items for AC&E Silent Auction
Lois Kitsch AC&E education session podcast available
Mica touts MBLs on Fox and Capitol Hill
Take part in the LSCU Compensation and Benefits Survey today
Bucky Sebastian named new executive director of NCUF
Governmental Affairs News
Washington Update: Reg reform conference may begin this week
Many amendments to S. 3217 never made the floor
Florida Governor considering a plethora of bills
Compliance Corner
League InfoSight features hurricane preparations and direct deposit
Compliance calendar and training schedule
LSCU Foundation News
Thirty-three students to be awarded scholarships
Cooperative Initiatives News
Chapter leaders share best practices and more at LSCU's 1st Annual Chapter Leaders' Retreat
Steer Clear webinar offered by REAL Solutions
LSCU Education News
Disaster recovery workshops scheduled
News from You
Flag CU sponsors financial literacy for Rickards H.S. students
CU House News
Credit Union House 1st-quarter newsletter available
Tampa Chapter holds Cruise for Kids Poker Run
Insight CU awards $75 million contract to a six-year-old
Employment
Credit union employment opportunities posted online
Calendar
Schedule of upcoming educational events
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LSCU Headlines

Senate passes reg reform bill

Just hours after Senate Majority Leader Harry Reid (D-NV) secured a second cloture vote, the Senate voted on S. 3217, passing it 59 to 39. This means the legislation now moves to the House where it will be reconciled with the House version. The LSCU and CUNA continue to not support the legislation because of an amendment to regulate interchange fees. CUNA will now work with the House on language to the interchange fees amendment. As a whole, CUNA, along with leagues and credit unions, was able to incorporate some revisions which improved the bill. Chief among those revisions was language that gave the $10 billion threshold under which credit unions will be examined by their prudential regulator rather than the Consumer Financial Protection Bureau. CUNA and the League now turn their attention to the House and will continue to improve the legislation there.

CNNmoney.com quoted Sen. Richard Shelby's (R-AL) opposition to the bill when he called it a "massive new consumer bureaucracy" and a "liberal activists' dream come true."

"This bill doesn't listen to the American people - it promises massive government overreach in ordinary business transactions," Shelby said.

You can read more about who will most likely be on the House/Senate conference of the regulatory reform legislation in the Governmental Affairs update further down the newsletter. 

To read more about the bill or see CUNA's efforts to educate lawmakers and Treasury Secretary Tim Geithner on the position of credit unions, check out the LSCU's Regulatory Restructuring Resources area by clicking here

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Credit unions asked to contact lawmakers on Interchange

Credit unions are being asked to contact their lawmakers to let them know that they oppose the Senate passed interchange provision in S. 3217. With the Memorial Day break coming, this could also be a good time to speak with a lawmaker when they are back in their district. 

ACTION Needed:  Please send a message to your federal legislators today urging them to oppose inclusion of the Senate-passed interchange provision in the financial reform bill A prewritten letter is available for your use at the Credit Union Grassroots Action Center, http://capwiz.com/cuna/home/, where you can personalize and send an email or print and fax a letter. 

Some background to give to your lawmaker or their staff member: credit unions incur significant expenses in operating a card payment system. For example, credit unions are responsible for administration, customer call centers, and reissuing cards in cases of merchant fraud. Interchange supports these costs. If interchange fees were reduced, this credit union and other small financial institutions would be forced to raise rates and fees for card services, or even curtail debit and credit card services for members. Furthermore, there is no evidence to suggest that merchants would pass along any savings resulting from lower interchange to consumers. 

Click here for more resources for this action alert. Contact LSCU Vice President, Legislative Affairs/Staff Counsel Will McCarty or LSCU Vice President, Legislative Affairs Mark Landreth with any questions.  

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LSCU now offering single day pricing for AC&E

With the LSCU AC&E coming up in less than a month, new single day pricing was unveiled Monday, May 24. This special pricing is especially appealing to those credit unions that want to attend, but can’t stay for the entire convention.

Single day pricing is $295, available for Thursday and Friday, includes the following:  

  • Thursday, June 17, 2010 ($295): continental breakfast, one education session, annual business meeting, closing general session with keynotes, and an exhibit hall reception
  • Friday, June 18, 2010 ($295): three education sessions and the exhibit hall luncheon

The cut off date for hotel reservations is Monday May 24. If you haven’t made hotel reservations, do so quickly because after this date, any rooms remaining in the LSCU block will be turned back into the hotel and rooms will be sold based on availability. Visit www.lscuconvention.com for hotel information.

For any questions about the AC&E, contact LSCU Vice President, Education Joy Breedlove at 866.231.0545 ext. 2162. [ Return to Top ]

Last week to donate items for AC&E Silent Auction

For credit unions looking to submit LSCU AC&E Silent Auction items, they must be sent to the League by Friday May 28. For this year’s Silent Auction, each dollar raised for Alabama Credit Union Legislative Action Committee (ACULAC) and Florida Credit Union Political Action Committee (CUPAC) will be matched with a donation from LEVERAGE, the LSCU Service Corporation, to Children’s Miracle Network. This is a great way to support state political advocacy while raising funds for charity.

Along with a donation of a silent auction item, the donor's name will be displayed. LSCU asks that all donations have a retail value of $50 or more. A variety of suggested items are listed on the silent auction flyer. If it is preferable, send donation dollars to the League, and we’ll do the shopping.

Fill out the form on the flyer and fax it to 850.558.1011. When submitting donations, make sure to attach a form with each donated item. For questions about the Silent Auction or more information, in Alabama contact LSCU Grassroots and Political Action Coordinator Robbie Gordon at 866.231.0545 ext. 2164 or in Florida LSCU Grassroots and Political Action Coordinator Justin Thames at ext. 1010. [ Return to Top ]

Lois Kitsch AC&E education session podcast available

Lois Kitsch

The National Credit Union Foundation (NCUF) REAL Solutions program is innovative as it is designed to help people with real needs. "REAL" stands for "Relevant, Effective, Asset-building, Loyalty-producing" Solutions. The program works through state credit union leagues to help credit unions offer services that have proven successful for people of modest means and "low wealth. NCUF National Program Manager Lois Kitsch will facilitate an education session at the AC&E titled, "Doing Well by Doing Good."

Kitsch recently spoke with LSCU Vice President, Communications Mike Bridges about her education session and why credit unions can do a better job of letting consumers know the good works they are doing in communities across America. Click here to listen to the Kitsch podcast. Also take a few minutes to listen to the rest of the LSCU's series of AC&E podcasts. LSCU President/CEO Patrick La Pine gives an overview of the AC&E and keynote speaker Tucker Carlson talks about getting out of Washington D.C. to speak with "real" people.  [ Return to Top ]

Mica touts MBLs on Fox and Capitol Hill

   CUNA President/CEO Dan Mica

CUNA President/CEO Dan Mica had two high profile appearances last week talking about member business lending. Mica was a live guest on the Fox Business Channel explaining why raising the member business lending cap will help small businesses. Mica also took questions concerning a New York Times article about Eastern Financial CU.

Later in the day, Mica testified before the House Financial Services Committee to talk about raising the MBL cap. Chairman Barney Frank (D-MA) and the rest of the committee embraced the ideas Mica spoke about. He said afterward that the Administration actually likes the idea of a negotiated MBL capacity. This is the first time the Administration has publicly embraced the idea. Chairman Frank told the committee that he intends to have a "markup" of MBL legislation soon.

Click here to see Mica's appearance on the Fox Business Channel.  [ Return to Top ]

Take part in the LSCU Compensation and Benefits Survey today

The LSCU has contracted with HR Value Group to conduct an annual credit union compensation and benefits survey. The survey is designed to encompass a wide range of salaried positions and benefits. Through this article, credit unions are invited to complete the survey which is now open.

Every credit union that completes the survey will receive a complimentary PDF copy of the finished LSCU 2010 Compensation and Benefits Report.

The online survey should take about 30 to 45 minutes to complete depending on the size of your credit union. To access the survey online, click here or cut and paste the following link into your browser: https://vovici.com/wsb.dll/s/1d74g44de7. Click here to download a PDF of the survey to work on at your convenience before entering the data into the online survey.

The detailed report summarizing results will be available in September and will outline salaries paid to management and non-management positions, analyze the salaries separately by asset size and chapter, and summarize responses to the benefits questions.

No one outside of HR Value Group will see any individual responses; all information is kept confidential. Surveys must be completed and submitted by June 14, 2010. Every credit union's contribution is very important to the success of this survey as credit unions from both states use this data as one source to help determine how to structure salary and benefits packets.

Marion McCaskey, CEO of TMH FCU of Tallahassee, said she is glad the League is conducting the survey. 

"The information is critical especially during this time of massive CEO retirements  and the credit unions need to recruit the right person for the job," said McCaskey, the first credit union to complete the survey.  

If you have any questions or problems accessing the survey, contact LSCU HR Manager Liz Aperauch at 866.231.0545, ext. 1142. [ Return to Top ]

Bucky Sebastian named new executive director of NCUF

Bucky Sebastian

Former Tampa-based GTE FCU CEO Bucky Sebastian has been named the new executive director of the National Credit Union Foundation (NCUF). Sebastian's vast credit union experience made him a natural choice for the position. He is well known within the credit union community, having spent 20 years as CEO of GTE FCU as well as executive director and general counsel of the NCUA from 1981-1985 during Edgar F. Callahan’s tenure as chairman. After his service at NCUA, Sebastian co-founded Callahan & Associates, a credit union consulting firm. He is also a former general counsel of the Illinois Department of Financial Institutions.

“Bucky is an innovator whose breadth of experience, deep understanding of the credit union movement, and passion for our mission make him the ideal choice to take the Foundation to new and higher levels of success,” said NCUF board Chairman Allan Kemp McMorris, CEO of Oakland County Credit Union, Waterford, Michigan.

As executive director, Sebastian will manage the Foundation’s eight-member staff, cultivate and maintain relationships with the credit union system’s donor constituency, seek grants for program priorities, and foster initiatives that further the NCUF’s development goals. He will be based in the Foundation’s Washington, D.C. office and begins his duties June 14. [ Return to Top ]

Governmental Affairs News
Washington Update: Reg reform conference may begin this week

Monday begins the final week of a very long Washington work period. When the chambers recess at the end of this week, they will reconvene the week of June 7. The next Washington work period will run from June 7 to July 2. The LSCU will send out a recess edition of this Washington update in the June edition of eSignal. 

Floor Schedule

The Senate completed its consideration of regulatory restructuring legislation last Thursday, passing the bill by a vote of 59-39. When the Senate convenes Monday, it will consider two "motions to instruct conferees" on two issues left unresolved during the debate on S. 3217. Sen. Sam Brownback (R-KS) is expected to offer a motion to instruct conferees regarding exempting auto dealers from the regulations of the Bureau of Consumer Financial Protection regulation. Sen. Kay Bailey Hutchison (R-TX) is expected to offer a motion to instruct conferees regarding the treatment of insurance affiliates. Votes on these motions will take place at 5:30 p.m. Monday. 

For the remainder of the week, the Senate is expected to begin debate on the supplemental appropriations bill. It is also possible the Senate will consider the tax extenders bill and a resolution of disapproval on EPA regulations. 

The House comes back Monday to consider bills under suspension of the rules. Tuesday, and for the balance of the week, the House will consider the tax extenders bill, the Defense Authorization Act, the America COMPETES Act, and campaign finance reform legislation responding to the recent Supreme Court ruling. 

Committee Schedule

Tuesday the House Financial Services Committee will hold a full committee hearing on "The Administration's Proposal to Preserve and Transform Public and Assisted Housing: The Transforming Rental Assistance Initiative."

Wednesday the House Financial Services Committee Subcommittee Oversight and Investigation will hold a hearing on "Anti-Money Laundering: Blocking Terrorist Financing and Its Impact on Lawful Charities."

Also Wednesday, the House Financial Services Committee Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises will hold a hearing on "FHFA Oversight (Federal Housing Finance Agency): Current State of the Housing Government Sponsored Enterprises."

Regulatory Restructuring Legislation Conference Process

Now that both chambers have passed regulatory restructuring legislation, the process of reconciling the bills will formally begin. Thursday night, the Senate took the procedural step of taking up H.R. 4173, the Wall Street Reform and Consumer Protection Act, substituting the text of S. 3127, as amended, for the House-passed version. The Senate then insisted on its amendment and requested a conference with the House. All this means is that H.R. 4173 will be the “vehicle” for the conference committee.

The Senate is expected to appoint conferees today; the ratio of Senate Democratic to Republican conferees is expected to be 7-5. It is unclear whether the House will appoint conferees this week, or wait until after the Memorial Day recess. The House ratio has not yet been determined. Still, while much is not known about the composition of the conference committee, it is pretty safe to assume the following members will be on the conference committee: Senate Banking Committee Chairman Christopher Dodd (D-CT) and Ranking Member Richard Shelby (R-AL), Senate Agriculture Chairwoman Blanche Lincoln (D-AR) and Ranking Member Saxby Chambliss (R-GA), House Financial Services Committee Chairman Barney Frank (D-MA) and Ranking Member Spencer Bachus (R-AL), and House Agriculture Chairman Collin Peterson (D-MN) and Ranking Member Frank Lucas (R-OK).

There has been a lot of discussion about making this an "open" or "old-fashioned" conference, including televising the formal deliberations. Even if the proceedings are televised, the decisions reached in formal session will be ratifications of negotiations conducted in private. 

In fact, some have suggested that the conference committee may meet as few as one or two days immediately prior to presenting an agreement to the two chambers. 

This highlights the importance of weighing in with not only the members of the conference committee but also other members, who may be able to influence the conference committee members. As this process unfolds, we will continue to keep you updated. 

If you have any questions regarding these or any legislative issues, contact LSCU Vice President, Legislative Affairs/Staff Counsel Will McCarty at 866.231.0545 ext. 2137 or LSCU Vice President, Legislative Affairs Mark Landreth at ext. 1012. [ Return to Top ]

Many amendments to S. 3217 never made the floor
The LSCU and CUNA followed many amendments to S. 3217 very closely. Below is a run-down of the outcome of some of those amendments and issues. CUNA believes the next step, conference of Senate and House legislation, will be a long process. CUNA will weigh in on interchange and several other issues in order to try to continue to influence this legislation.  Credit unions should be on alert that possible grassroots action may be necessary as this legislation is reconciled.
  • Too Big to Fail:  Sen. Barbara Boxer (D-CA) offered an amendment (SA 3737) that removed the $50 billion systemic risk fund from the legislation and made other changes to address the problem of "too big to fail." This amendment passed the Senate by a vote of 96-1.
  • Usury Ceilings:  Sen. Sheldon Whitehouse (D-RI) offered an amendment (SA 3746) that would applied the usury ceiling of the state in which a consumer of a national bank resides. This amendment did not apply to credit unions. The amendment failed by a vote of 35-60
  • Deposit Account Data Collection:  Sen. Olympia Snowe (R-ME) offered an amendment (SA 3755) that struck from the bill a section requiring the collection of deposit account data. CUNA supported this amendment, and this amendment was approved by the Senate on a voice vote.
  • Auto Dealer Exemption:  Sen. Sam Brownback (R-KS) offered an amendment (SA 3789) that would have exempted auto dealers from the regulations, supervision and enforcement of the Bureau of Consumer Financial Protection. CUNA opposed this amendment, and the amendment was withdrawn.  Note:  CUNA expects Sen. Brownback to offer a motion to instruct conferees on this subject next week.
  • ATM Fees:  Sen. Harkin filed an amendment (SA 3812) that would impose an arbitrary limit on the fee for an ATM transaction of fifty cents.  We strongly opposed this amendment, and the amendment was not offered prior to Senate passage of the legislation.

  • Deposit Insurance:  Sen. Cardin filed two amendments (SA 3843 / SA 3901) that would have permanently increased the share insurance coverage of the National Credit Union Share Insurance Fund to $250,000.  CUNA supported these amendments; however, they were not offered prior to Senate passage of the legislation.

  • 529 Loan Programs:  Sen. Claire McCaskill (D-MO) amendment filed, but did not offer, an amendment (SA 3846) to allow banks to operate 529 student loan plans; this amendment did not extend this power to credit unions. The Missouri League has been working with Sen. McCaskill to make modifications to this amendment in the event that the language is considered during the conference.

  • NCUA on Financial Stability Oversight Council:  Sen. Susan Collins (R-ME) filed an amendment (SA 3863) to add the Chairman of the National Credit Union Administration to the Financial Stability Oversight Council.  CUNA supported this amendment; however, the amendment was not offered prior to Senate passage.

  • Risk Retention:  Sen. Mary Landrieu (D-LA) offered an amendment (SA 3956) that exempted certain qualified mortgages from the credit risk retention requirements. CUNA supported this amendment, and it passed the Senate by unanimous consent.

  • Mortgage Lending:  Sen. Jeff Merkley (D-OR) offered an amendment (SA 3962) that limits yield spread premiums and requires lenders to verify a borrower's ability to repay a mortgage loan. This amendment passed 63-36. Note:  CUNA understands that there may be some concern regarding this amendment, especially as it relates to certain government loan guarantee programs.  It will continue to be analyzed and worked on it as the legislation heads to conference.

  • Consumer Bureau Rules:  Sen. Jon Tester (D-MT) offered an amendment (SA 3968) that would require Bureau of Consumer Financial Protection to take into consider the impact its rules would have on credit unions and banks, as well as rural areas.  CUNA supported this amendment; however, it was not offered by Sen. Tester.

  • Debit Interchange:  Sen. Richard Durbin (D-IL) offered an amendment (SA 3989) to direct the Federal Reserve to regulate debit interchange and make other changes to the treatment of payment cards. CUNA strongly opposed this amendment. Nevertheless, the amendment passed 64-33.

  • RemittancesCUNA and other trades have had concerns regarding the overly broad definition of remittances in Section 1076 of the legislation. During Senate consideration of the legislation, CUNA worked closely with Sen Akaka and Dodd, as well as the Department of Treasury to try to address concerns in an anticipated manager's amendment; however, no manager's amendment was offered prior to final passage. Therefore, work will continue on this issue as the bill is conference.

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Florida Governor considering a plethora of bills

The Florida Legislature has been sending Governor Charlie Crist bill after bill after bill. So many, in fact, that he has until the end of the week to sign or veto the more than 60 bills, including the state budget.

Many observers feel he will use his line-item veto authority to veto parts of the budget, most notably the transportation appropriations. The question many people are waiting to see is answered is is whether he will veto so many items that it forces the Legislature to return and re-craft the entire budget from scratch.

The Governor and his Cabinet will meet Tuesday May 25 to hear regularly scheduled topics, but also to receive an update on the Deepwater Horizon drilling fiasco. Also, this week will be the Governor’s annual Hurricane Conference.

Contact LSCU Vice President, Legislative Affairs Mark Landreth with any questions.   [ Return to Top ]

Compliance Corner
League InfoSight features hurricane preparations and direct deposit

During Hurricane Preparedness Week (May 23-29) credit unions and other financial institutions are being asked to have their federal benefits check recipients sign up for direct deposit. League InfoSight points out that U.S. Treasury research shows that eight in 10 Americans understand that direct deposit is more reliable in the event of a disaster, such as a hurricane. However about 10.5 million senior citizens, people with disabilities, and others who receive federal benefit payments still rely on paper checks for their monthly Social Security and Supplemental Security Income (SSI) payments. Approximately 2.7 million Social Security and SSI checks are sent to people living in hurricane-prone states each month. The Treasury's Go Direct campaign is asking credit unions to help their members disaster proof their money. 

League InfoSight also features a CUNA issued regulatory comment call on the NCUA's proposed plan to allow federal credit unions to charge a higher interest rate on short-term, small dollar loans. These short-term loans would be capped at a maximum interest rate of 10% above the NCUA's loan ceiling and would have a maximum amount of $1,000. The minimum amount for these payday alternative loans would be $200.

View the League InfoSight newsletter 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.

 

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Compliance calendar and training schedule

Compliance calendar and training schedule for May and June

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

June 18
ACH Risk Management and Assessment Rule - Effective Date
ACH Direct Access Registration Rule - Effective Date

June 30
PCI DSS - All WEP Implementations discontinued

Training

May 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 Foundation News
Thirty-three students to be awarded scholarships

The LSCU, through the Florida Credit Union Foundation (FCUF), has launched an exciting scholarship opportunity program for students across Florida. In the spring of 2010, FCUF is offering four graduating students from each of the 12 credit union chapters a $1,500 scholarship to attend a Florida four-year university or a Florida community college.

This is a “one-time” award. The award is to promote academic achievement, support community involvement, and enhance community awareness.  The Tallahassee Chapter of the LSCU awarded three scholarships at the chapter meeting May 20. 

Denise Zuehlke, United Solutions, Emily Poltevecque-Chiles HS and Mrs. Poltevecque 

Tekevia Melton - Godby HS, Amber Tynan, LSCU  and Mr. Melton

Jacob Cunningham - Lincoln HS and Mr. Cunningham 

 


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Cooperative Initiatives News
Chapter leaders share best practices and more at LSCU's 1st Annual Chapter Leaders' Retreat

Last week, LSCU hosted its first annual Chapter Leaders’ Retreat in Pensacola, Florida. With 17 of the 20 chapters represented, the meeting brought together regional leaders to share best practices, program ideas, and strategic planning.


Laura Vann, VP, Cooperative Initiatives, speaks to the group.

“Well organized and active chapters add tremendously to our voice in the legislature, grassroots advocacy, and overall fundraising efforts,” said Patrick La Pine, President and CEO of LSCU. “Creating this powerful network across both states and empowering them through shared information enables the credit unions to broaden and strengthen their local impact.”

Through a variety of speakers and roundtable sessions, the chapters explored the differences in chapter structures, discussed various fundraising and advocacy activities, and the importance of strategic and quality program planning.

"Bringing these credit union leaders together is an important part of meeting the needs of our ever-evolving credit union family,” said Laura Vann, Vice President of Cooperative Initiatives. “We will be continuing these kinds of events to facilitate the sharing of information and the exchange of information that enables the League members to work as a single entity across multiple states.”

For more information about becoming a chapter leader or participating in chapter events, contact the Cooperative Initiatives department.


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Steer Clear webinar offered by REAL Solutions

Steer Clear: Underwriting for NP Auto Loans
Thursday, May 27, 2010
1:00 p.m. - (E T) 

How can credit union manage risk in providing non-prime auto loans by using expanded credit scores, hard close disbursements and prompt collection strategies? Join Bill Myers to hear how.

Click here to join this meeting.

To listen during the webinar, un-mute your PC speakers. If you’re unsure how to do that, feel free to dial 866.274.9016 and enter pass code: 766281#.

If you have any questions or issues, contact REAL Solution's Impact Center Mgr, Jeff Purvis. [ Return to Top ]

LSCU Education News
Disaster recovery workshops scheduled

LSCU Disaster Recovery Workshops

June 29, 2010- Ft. Lauderdale, FL

July 13, 2010- Mobile, AL

Recent natural disasters, accidents, and attacks have directly disrupted business operations and shown that an organization’s resilience to a disaster and ability to resume business is directly related to it’s preparedness to respond to unforeseen events. Having a definitive response plan is essential to remain viable, especially in today’s rough economic climate.

Topics and objectives:  local threats, crisis management, regulatory requirements, disaster preparedness, and business continuity.

Speakers:

  • National Hurricane Center Miami Representative / Mobile County Emergency Management Center
  • Ken Schroeder, CBCP, VP Business Continuity, Southeast Corporate
  • Bill Berg, VP Regulatory Affairs, League of Southeastern Credit Unions

Location 1:
Renaissance Fort Lauderdale Plantation Hotel
1230 South Pine Island Road
Plantation, FL 33324
Registration is $229 per attendee

A block of rooms have been reserved for the night of June 28, 2010. The group rate is $179. Contact the hotel directly for reservations: 800.316.7708.

Location 2:
University of South Alabama, Humanities Building
The University of South Alabama Credit Union is sponsoring the location for this event.
Registration is $189 per attendee.
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News from You
Flag CU sponsors financial literacy for Rickards H.S. students

On May 19, Rickards High School students in Tallahassee got a break from the normal routine as they learned first-hand about how to manage their finances. Flag Credit Union in Tallahassee is sponsoring curriculum in Ms. Cooper's class that helps students understand how to maintain a checking account, how to balance an account and save for the future.  LSCU Vice President, Communications Mike Bridges spoke to the class on May 19 emphasizing the curriculum and also teaching the kids about the responsibilities of owning a credit card and making sound decisions to keep them out of debt.  Bridges gave each of the students a budget sheet and walked them through the steps of how to start a budget. The kids asked great questions and learned that saving for unforeseen problems is a big step in staying out of debt.

If your credit union is sponsoring similar curriculum or presenting to classes, let eSignal know by sending your story and pictures to submissions@lscu.coop.   [ Return to Top ]

CU House News
Credit Union House 1st-quarter newsletter available

             CU House

The Credit Union House welcomes credit union leaders in Washington. The 2010 first quarter newsletter highlights the many credit union and league activities held there in recent months.

Feel free to contact Sue McCue, manager of the CU House, if you have questions or would like information: direct 202.548.3130 or fax 202.548.3148.

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Tampa Chapter holds Cruise for Kids Poker Run

Last week 500 big-hearted bikers hit the roads throughout the Tampa Bay area to raise money for local children’s charities. The bikers raised a record amount of $62,000 as they participated in the 6th Annual Credit Union Cruise for Kids Motorcycle Poker Run, sponsored by the Tampa Chapter of Credit Unions.

Beginning at 9:30 a.m. the bikers made four “poker stops” ending the ride at the Quaker Steak & Lube Restaurant in Clearwater, Florida where people turned out for a post-cruise celebration featuring live music by Jester, 50/50 raffle, bike contest, live auction, and other giveaways. 

Over six years, the annual Credit Union Cruise for Kids has raised a total of $295,000 for donation to organizations which nurture children.

“I want to thank our sponsors and everyone for their support,” said Sharmon Lenth, President of the Tampa Chapter of Credit Unions.  “The money we raised is no easy task in this economy. To me, that demonstrates the commitment our participants have toward this event, and the good causes it supports.”


From left: Carly Rogers who sold the winning ticket, David Moralevitz, the grand prize winner, and Sharmon Lenth, President of Tampa Chapter of CUs.


Marilyn Menendez of Full Throttle Magazine and Charlie McNabb, a treatment recipient from All Children's Hospital.

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Insight CU awards $75 million contract to a six-year-old

Insight Credit Union recently awarded six-year-old Kylie DeMorse of Apopka, Florida with a $75 Million All-Star Contract for a Day. 

As part of National Credit Union Youth Week April 18-24, 2010, Insight Credit Union held a special All-Star Contest. Cool Saver Crew members were invited to complete the All-Star Course to be entered to win the interest earned on a $75 Million All-Star Contract for a Day. The All-Star Course included Little Tikes TotSports T-ball Set, Drive and Putt Golf Set, and Bowling Set. DeMorse, a member since 2007, received $616.44 which equaled the interest earned on a $75 Million All-Star Contract for a Day. 

Insight Credit Union offers a variety of youth financial products. Children under the age of 12 are eligible for Insight Credit Union’s Cool Savers Crew. Kids receive a new Member Kit full of fun tools to get them ready to save. For longer-term savings, Insight offers certificate accounts for members under age 18 with terms from three months to four years. Youth certificate accounts can be opened with as little as $500.

DeMorse plans to use a portion of her winnings to purchase more Silly Bandz for her collection and even mentioned buying some for her older brother. The money will also help pay for summer camp programs for both children.

Kylie DeMorse

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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 upcoming educational events
[ Return to Top ]

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