LSCU eSignal Weekly
LSCU eNews Weekly August 2, 2010
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LSCU eNews Weekly
In This Issue
LSCU Headlines
Urgent action needed to encourage support of Udall Amendment
NCUA announces $2 million in budget cuts
Massive scheme to defraud hundreds ends with capture of two men in Wakulla County, FL
Disaster Recovery resources available
NCUA videos explain corporate crisis in "plain English"
International Credit Union Day is Oct. 21; promotional items available on CUNA.org
National Miracle Network "jeans day" Sept. 15
LSCU garners two good stories last week
LSCU audio podcast available Tuesday
Governmental Affairs
Quinnipiac poll of Floridians reveals interesting results regarding Senate and Gov. races
Washington Update: Doubtful MBL discussed before August break
AL's Family Savings CU hosts Gubernatorial candidate
Legislative and regulatory priorities survey
LSCU PAC Fundraising Guide provides fundraising activities, compliance information
Compliance Corner
League InfoSight Highlight: Stay current on state employment rules with InfoSight
Compliance calendar and training schedule
HUD solicits comments
Cooperative Initiatives News
FREE foreclosure prevention workshops
FREE NCUA Credit Union Workshop
Education News
Reg. Compliance Update and SCUMA annual conference info
LEVERAGE News
New $25 Sprint Promotion
CUNA Headlines
Credit union membership rises in June
News from You
FAIRWINDS CU named one of best workplaces in Florida
Jax FCU creates You Tube video to educate members on CUPAC
Employment
Credit union employment opportunities posted online
Calendar
Schedule of upcoming educational events
In This Issue
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LSCU Headlines

Urgent action needed to encourage support of Udall Amendment


Sen. Mark Udall (D-CO)

Last week the Senate failed to end debate on H.R. 5297, the Small Business Jobs and Credit Act of 2010. Republicans continue to insist that certain amendments be included and the leadership of both parties have been unable to come to an agreement over which amendments will be considered.

The Udall amendment (SA 4534) has not been included and the Senate’s inability to come to an agreement allows more time for credit union voices to be heard.

Contact your Senator today:

Alabama
Sen. Richard Shelby:   202.224.5744
Sen. Jeff Sessions:      202.224.4124        

Florida
Sen. Bill Nelson:           202.224.5274
Sen. George LeMieux: 202.224.3041

Request your representative to: Co-sponsor the Udall Amendment (SA  4534) and urge Sen. Majority Leader Harry Reid to permit a vote to include the SA 4534 in HR 5297.

Raising the member business lending cap will add $10 billion to the pool of available credit as well as help create 100,000 new jobs. It does not cost taxpayers a dime.

The Senate should be given an opportunity to vote on a "no cost to the taxpayers" amendment. This is an amendment that anyone should be able to support, regardless of party. This window of opportunity is small and there may not be a similar time. The LSCU urges credit union CEOs, staff, and volunteers to reach out to their Senators and ask them to request a vote on the Udall amendment (SA 4534). Even if your credit union does not do business lending, it is important that all voices are heard on this critical issue.

Click here to visit the LSCU press center and view Sen. Udall's speech in support of his credit union amendment to increase small business lending.

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

NCUA announces $2 million in budget cuts

After a mid-year budget review found that the operations of the National Credit Union Administration (NCUA) have been running at about eight percent below their originally budgeted levels during the first half of 2010, Chairman Debbie Matz announced last week that the agency’s budget for this year has been reduced by about $2 million.

The reduction will allow operating fees, which are charged to federal credit unions to pay for the agency’s day-to-day functions, to be reduced by about $2 million in 2011.

“We are well aware that credit unions are under enormous pressure to generate positive earnings this year,” said Matz, as she announced the budget cuts at last week's NCUA board meeting. “This is particularly difficult at a time when credit unions are paying assessments, which are required to cover other credit unions’ losses. So we have done our due diligence to ensure that any new item in the budget will be a prudent use of agency resources and credit union funds.”

NCUA’s actual spending – by its central and regional offices – for the first six months of 2010 was $91,631,201 – an eight-percent under-budget variance. The agency is now projected to spend a total of $198,923,512 for all of 2010. The agency had originally been budgeted to spend about $200,900,512 for all of 2010.

Staffing vacancies account for most of the unused 2010 funding. The total budgeted staffing level for the agency is 1,128.85 Full Time Equivalent (FTE) employees.

The mid-year budget review allowed NCUA to make various budget adjustments, with funding trimmed from some programs and redirected toward other programs. The planned reductions of about $9.2 million will exceed about $7.2 million worth of new initiatives, resulting in the projected budget savings of about $2 million.

The most significant new initiative – to be managed by the agency’s Office of Public and Congressional Affairs – will be a major consumer education campaign that will broaden public awareness of the federal share insurance program. The nationwide campaign is projected to cost $1.7 million.

The campaign, aiming for a September launch, will include television, radio, print, and companion advertisements. Designed to strengthen consumer confidence in the nation’s federally insured credit union system, the campaign will reassure consumers that their money – up to $250,000 per account – is safely insured through the National Credit Union Share Insurance Fund.

The campaign plans to feature CNBC’s personal finance expert Suze Orman as its spokesperson. A 30-second and a 60-second television ad are planned.

“All of you who have seen ‘The Suze Orman Show’ on CNBC know that Suze really lights up the screen. She comes on the air with amazing energy and tremendous passion,” said Matz. “When she speaks directly to consumers, she serves as their trusted financial advisor. She makes complex financial issues sound perfectly clear.”

The details of the adjusted NCUA budget are available online at http://www.ncua.gov/GenInfo/BoardandAction/DraftBoardActions/index.aspx. [ Return to Top ]

Massive scheme to defraud hundreds ends with capture of two men in Wakulla County, FL

The Wakulla County, FL Sheriff’s Office investigators, with assistance from state and federal law enforcement agencies, have captured two men believed to be involved in a massive scheme to defraud hundreds of victims across the United States and other jurisdictions of millions of dollars of cash through identity theft, according to Major Maurice Langston.

The scheme involved suspects creating credit cards using stolen personal information. They took the stolen information and purchased gift cards and shipped the cards and merchandise purchased with the cards around the world. “We don’t really know who they are or if they are here legally,” added Major Langston.

Major Langston says the case began when the sheriff’s office received a complaint from a woman in Arkansas who had her identity stolen through a local business. The woman noticed unauthorized transactions on her account that were traced to Crawfordville, FL.

During a search, investigators found blank credit cards in their homes and yards as well as applications for credit cards, computer printers and other equipment used to create bogus credit cards.

The Secret Service was also involved in the arrest and discovered more than 1,000 stolen personal identities from New York as well as more than 15 cellular telephones, a scanning device used to get personal information from credit cards, computers, and other devices.

The investigation included assistance from the Pensacola Police Department and victims or participants in the scam were traced to Texas, Oklahoma, Nebraska, New York, Ohio, Georgia, Ukraine and China.

While no credit unions have been directly affected by the Wakulla arrests, identity theft has become something every financial institution needs to remain keenly on top of. This case is one of many that happen weekly across the country.


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Disaster Recovery resources available

A disaster can strike at any moment, many times without warning. Credit unions need to have a plan in place, especially in areas vulnerable to hurricanes.

Last month, the LSCU sent a Disaster Recovery Plan and the Recovery Hotline information to credit unions. Those resources are now housed on the LSCU website. The Disaster Recovery Action Plan walks credit unions through the steps needed once the disaster hits, plus it has the steps the League will take to assist. Pertinent phone numbers are also provided in the plan.

The Recovery Hotline has the steps for credit unions to utilize the system to update employees and members about the credit union's status after a disaster. This one central number is excellent for employees to get the latest information when a disaster has occurred, i.e. if a hurricane has caused a credit union to remain closed, rather than calling each employee, employees can be instructed beforehand to call the hotline to receive information whether or not they need to report into work. The Action Plan and Recovery Hotline are two excellent resources for credit unions as they put their own disaster recovery plan in place.

Click here to access the Action Plan and Recovery Hotline resources. The web page is password protected. If you do not have an LSCU website password, it is easy to get one. Click on the login button in the top right corner of www.lscu.coop. Click sign up and fill out the form. It's that easy.  [ Return to Top ]

NCUA videos explain corporate crisis in "plain English"

The National Credit Union Administration (NCUA) has posted online the third and final explanatory track to help credit unions better understand the history and prevailing situation involving the nation’s corporate credit union system. 

All three videos are available on NCUA’s website. Click here to access them.

The complexities of distressed assets and market dislocations leading up to the corporate crisis are difficult to grasp, even by those familiar with the credit union system. This series of presentations was produced to provide a broad overview, in simple terms, of various aspects of the corporate credit union crisis.

  • Track 1 covers the history and services of corporate credit unions
  • Track 2 describes types of corporate credit union investments; how these investments were affected by financial market declines; and how problems with the investments affected corporates and threatened the entire credit union system
  • Track 3 focuses on NCUA efforts to stabilize the credit union system, ensure access to adequate liquidity and uninterrupted lending and payment processing, and achieve the least costly outcome for federally insured credit unions

“The corporate credit union crisis has posed challenges for all facets of the credit union system. It is my strong belief that more information about the history, structure and function of the corporates will assist credit unions in making sound decisions about the future,” noted Chairman Debbie Matz. “I am confident that this series will benefit credit union professionals and volunteers, and foster a greater understanding of the critical issues at hand.”

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International Credit Union Day is Oct. 21; promotional items available on CUNA.org

International credit union day is coming up October 21. CUNA mailed posters and brochures to affiliated CEOs and Marketing Directors last month.

Click here for more information or to order more materials to promote this special day! [ Return to Top ]

National Miracle Network "jeans day" Sept. 15

Join the LSCU for the second annual National Miracle Network Jeans Day September 15, 2010! The day is a major fundraiser for the Children's Miracle Network. 

Last year credit unions were the second highest corporate supporter of Miracle Jeans Day. With your help this year credit unions will be Number One!

 Sign up today at www.miraclejeansday.com.
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LSCU garners two good stories last week

The Ocala Business Journal recently featured a story on the difference between credit unions and banks. The LSCU President/CEO Patrick La Pine explains that credit unions in Florida are weathering the storm and doing business in a more efficient manner. He was also able to talk about the increased member business lending cap issue. 

“We’re working on legislation in Congress to raise that cap,” La Pine said. “It’s a great opportunity. There’s a lot of capital to lend and it would help small businesses immediately.”

Pat Keefe, vice president of communications with CUNA, was also quoted in the article, which gave a nice overview of credit unions. 


Vendor management has been on the forefront for credit unions for years. However, since the NCUA published guidelines in 2007 that required credit unions to perform due diligence on all of their vendor contracts, it has been difficult. There are a number of vendor management software options available, but few can rival Ventelligence. 
The CU Times recently talked with LEVERAGE Director, ePurchasing Lori Vary about Ventelligence.

"The really powerful thing about this kind of solution is that you don’t have to start from scratch to build anything. We created a workflow of templates. You just transition your contracts into our software and then manage their lifecycles from there," said Vary.

Vary also explained how Ventelligence's group purchasing power has helped many credit unions save significant money. "We had one small credit union buy one laptop and a computer case through this, while another bought 58 desktops and 17 laptops. Others bought something completely different but because they were all participating together, the vendors were more interested in their business and could compete more aggressively for it," Vary said. She said the group purchasing also has been used for cash recyclers, coin counters, maintenance services and armored car deliveries.

Read both stories by visiting the LSCU press center by clicking here.

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LSCU audio podcast available Tuesday

For those credit unions interested in the Spanish Immersion Program, the LSCU will offer a new audio podcast with World Council of Credit Unions (WOCCU) International Partnerships Manager Victor Corro. The LSCU VP, Communications Mike Bridges will talk to Corro about the importance of a program like Spanish Immersion, why Costa Rica was chosen as the host country, and why credit unions should get involved. Corro will also talk about the International Partnership between WOCCU and the LSCU to aid Costa Rican credit unions. 

Click on www.lscu.coop Tuesday morning for the audio podcast. If you have trouble listening to the mp3, contact Bridges at 866.231.0545, ext. 1022. The deadline to apply for the Spanish Immersion Program is August 31. The LSCU has some scholarships available. Contact LSCU VP, Cooperative Initiatives Laura Vann for more information about available scholarships.   [ Return to Top ]

Governmental Affairs
Quinnipiac poll of Floridians reveals interesting results regarding Senate and Gov. races

A poll released last week showed current FL Gov. Charlie Crist on top in the three-way FL Senate race with 37 percent, followed by 32 percent for Republican Marco Rubio, and 17 percent for Jeff Greene, the leading candidate for the Democratic nomination. Florida CFO Alex Sink is tied with either Republican candidate in the race for governor.

President Barack Obama's job approval remains low in Florida, with a negative 46 - 50 percent, but it is an improvement from his negative 40 - 54 percent approval rating in Quinnipiac University's June 9 poll.

Florida voters support 62 - 34 percent the idea of a state constitutional amendment to ban drilling within 10 miles of the Florida coast and say 72 - 24 percent they want a referendum on the ballot on that question.

Click here for more details on this poll. [ Return to Top ]

Washington Update: Doubtful MBL discussed before August break

August recess is almost here. The House of Representatives is already in recess until 2 p.m. September 14; the Senate returns Monday and will consider a cloture motion on H.R. 1586, a federal Medicaid program bill. 

The Senate is expected to take up legislation related to the oil spill and the nomination of Elena Kagan to be an associate justice of the United States Supreme Court before recessing until September 13 or 14. However, it remains possible that the Senate could resume consideration of the small business lending fund act, if an agreement on which amendments would be eligible to be considered is reached. The LSCU and CUNA understand that there has been no effort to reach agreement on these amendments since the Senate recessed last week. The League continues to monitor the possibility that the small business lending bill could be considered this week, and continue to advocate for consideration of the Udall amendment to increase the member business lending cap.

There are no hearings with direct relevance to credit unions scheduled this week.

The August recess will be the last major break of Congress before the end of this Session. Many members will be holding town hall meetings, campaign stops, and other public events. The LSCU encourages credit union executives, board members and staff to be a presence at these public events. These are a great place to speak to your elected representatives and let them know more about what credit unions are doing, and the issues you face. Grassroots activity is a constant, going far beyond Hike the Hill events and answering Action Alerts (which are always very important). Being in front of members of Congress when they are home, answering to their constituents, is a critical part of getting the credit union advocacy message to them. If you are able to reach out to them in the district, contact Government Affairs staff and update how your message was received.

If you have any questions or would like more information, contact Sr. Vice President, Governmental Affairs Will McCarty 866.231.0545 ext. 2137 or Vice President, Legislative Affairs Mark Landreth at ext. 1012.

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AL's Family Savings CU hosts Gubernatorial candidate

Candidate for Governor Ron Sparks (left) & FSCU CEO Monte Hill (right)

Family Savings Credit Union based in Gadsden, AL recently hosted Agriculture and Industry Commissioner Ron Sparks, Democratic candidate for Governor. During his visit, Sparks met with credit union staff, management and board members. He discussed some of the economic issues facing Alabama including the need for job creation and a responsive government that addresses the pressing issues facing the the state.

Sparks asked credit union staff to list the most important issues facing credit unions and members. Monte Hill, CEO of Family Savings Credit Union, outlined the major economic issues, including the need for more flexibility to serve members, especially small businesses through increased member business lending, the recent regulatory reform legislation in Washington and its possible effect on interchange and the NCUSIF stabilization.  Looking at state-level issues, the group discussed data security and the costs borne by credit unions when a third party fails to adhere to required security standards and the potential ability for credit unions to offer state and municipal agencies greater flexibility for their public deposits. Sparks stated that he looked forward to discussing these and other important issues in more depth with credit unions and the LSCU.

The meeting was an excellent opportunity to provide education about credit unions, their unique structure and philosophy and to highlight this difference in action to one of the candidates for the highest elected office in AL.

The campaign season is a great time to ensure that tomorrow’s elected leaders on the state and federal level understand the credit union movement, what issues credit unions face, and the positive impact credit unions have on their members and their communities. [ Return to Top ]

Legislative and regulatory priorities survey

Last week all member CEOs were asked to complete a Legislative and Regulatory Issues Survey. This online survey will help the LSCU Governmental Affairs Department determine specific priorities in the coming year. CEOs can access the survey by clicking here

Contact Sr. Vice President, Governmental Affairs, Will McCarty with any questions regarding this survey at 866.231.0545 ext. 2137. [ Return to Top ]

LSCU PAC Fundraising Guide provides fundraising activities, compliance information

The LSCU Governmental Affairs staff created a turn-key fundraising guide to assist credit unions with political action committee (PAC) fundraising. The LSCU's state and federal PACs support pro-credit union candidates, promote good government, and support advocacy efforts for pro-credit union legislation. The information included in the fundraising guide is designed to provide credit unions with easy fundraising activities in which to participate throughout the year. It includes helpful information to ensure that the LSCU and credit unions comply with state and federal election laws. Each credit union is different and the fundraising guide will provide credit unions with options to find a program that is best for them.

Click here to view the PAC Fundraising Guide page. It is a password-protected area. Member credit unions that do not have a password, may click here to sign up for one

PAC fundraising is an essential element to the credit union advocacy efforts in Alabama and Florida. Support for the LSCU PACs gives credit unions a stronger voice in Washington D.C., Montgomery, and Tallahassee. 

LSCU Grassroots and Political Action Coordinators Justin Thames and Robbie Gordon are available to assist chapters and credit unions in their fundraising efforts. 
[ Return to Top ]

Compliance Corner
League InfoSight Highlight: Stay current on state employment rules with InfoSight

The rules and regulations that deal with employment and the rights of employees are continuing to grow. There are the EEO, OSHA, COBRA, USERRA, ADA, FLSA, FCRA, FMLA, EPPA, and more. If you had to, how easily could you define those acronyms—or explain them to a new hire?

The Employment channel of League InfoSight addresses many of the employment regulatory areas to help you stay in compliance. The channel is reviewed at least once annually; it is also reviewed whenever a new regulatory change is implemented. In addition, there are links provided to help you quickly find the additional information you may need, including:

  • Checklists for OSHA and EEO

  • Posters for EEO and Minimum Wage

  • FAQs for COBRA and the EPPA

For more helpful reminders and tips, 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
Calendar

August 2
Consumer Credit Card Agreement Submission Deadline

August 15
Regulation E - Overdraft Protection Rule (Existing Accounts) - Effective Date

August 22
Regulation E - Gift Card Rule Change Effective Date

September 6
Labor Day - Federal Holiday

Training

September 1–October 13

CUNA Regulatory Compliance eSchool: Update

September 1
Regulation Z Update & Other Consumer Lending Issues – webinar
2:00–3:30 p.m. CT

September 8
Mortgage Lending Compliance Updates - webinar
2:00–3:30 p.m. CT

September 15
FACTA - What's New for 2010? - webinar
2:00–3:30 p.m. CT

September 22
Current Compliance Issues in Fraud - webinar
2:00–3:30 p.m. CT

October 6
Regulation CC Update & Advanced Check & Payment Issues - webinar
2:00–3:30 p.m. CT

October 13
Adjusting to the New Overdraft, Gift Card & ACH Rules for 2010 - webinar
2:00–3:30 p.m. CT


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HUD solicits comments

The Department of Housing and Urban Development (HUD) has initiated the rulemaking process intended to clarify the current prohibition against the “required use” of affiliated settlement service providers for residential mortgage transactions under the Real Estate Settlement Procedures Act (RESPA). This is intended to address practices in which certain homebuyers commit to using a home builder’s affiliated mortgage lender in exchange for construction discounts or discounted upgrades without sufficient opportunity to review the transaction or comparison shop among other lenders.

As the first step in this rulemaking process, HUD issued an advance notice of proposed rulemaking (ANPR) in which the agency is soliciting comments and information on this issue. After reviewing this information, HUD may then issue a specific proposed rule to clarify these “required use” provisions.

Click here to access the proposed rule.  

Comments in response to the ANPR are due on or before September 1, 2010. Submit comments to the LSCU by August 10, 2010. Email Bill Berg, LSCU vice president, Regulatory Affairs, or Scott Morris, director, Compliance. Contact Bill or Scott at 866.231.0545 x1028 or x2165, respectively, if you have questions.  [ Return to Top ]

Cooperative Initiatives News
FREE foreclosure prevention workshops

Credit unions did not create the foreclosure crisis but they can choose to be an important part of the solution. Industry statistics tell us that most credit union members who are homeowners have their mortgage loans with other lenders. Nevertheless, members often have more faith and trust in their credit union than in any other financial institution, and are more likely to turn to their credit union for advice, counsel and assistance – particularly in tough times.    

The LSCU, REAL Solutions, and the National Federation of Community Development Credit Unions are hosting a FREE foreclosure prevention workshop, “Part of the Solution: Credit Unions Help Members at Risk of Foreclosure.” 

There are two dates and locations in Florida to choose from:

September 14 – Miami, FL
Time: 10 a.m. – 5 p.m.
Location: 7780 SW 117th Avenue - South Florida Educational FCU

September 16 – Tampa, FL
Time: 10 a.m. – 5 p.m.
Location: 711 E. Henderson Avenue - GTE FCU

These workshops give credit unions a unique opportunity to help members who may be at risk of foreclosure, regardless of who holds the mortgage.

The one-day workshops are designed to provide credit unions with tools they can use to help their members, and also to gather feedback on the challenges facing credit unions and their members in today’s economy. They will help credit unions:
•    Identify members who may be at risk of foreclosure
•    Help these members avoid scams and predatory traps
•    Offer financial products that will reduce the risk of foreclosure for members and losses for the credit union
•    Connect members to responsible counseling and other services early enough to obtain the best possible outcome

Lending officers, community outreach officers, and credit unions in especially hard-hit areas are encouraged to attend, regardless of asset size.

If you are interested in attending this workshop, contact LSCU Member Relations Specialist Amber Tynan at 866.231.0545 ext. 1154. [ Return to Top ]

FREE NCUA Credit Union Workshop

The LSCU Cooperative Initiatives Department invites you to a FREE NCUA Credit Union Workshop on Friday, August 27, in Montgomery, AL.

The workshop is tailored to credit unions with assets of $50 million or less but all credit unions are welcome to attend.

Topics include:

  • Issues Facing Credit Unions

  • Maximizing Your Bottom Line

  • Current Regulatory Hot Topics

  • Allowance for Loan Lease Losses (ALLL)

  • Alternatives To Predatory Lending

NCUA Credit Union Workshop - Montgomery, AL
Friday, August 27, 2010
7:45 am  - 3:30 pm (Central Time)

Drury Inn & Suites Montgomery
1124 Eastern Blvd.
Montgomery, Alabama 36117
334.273.1101

Click here to register for the NCUA Credit Union Workshop. [ Return to Top ]

Education News
Reg. Compliance Update and SCUMA annual conference info

The LSCU "Fall" regulatory compliance update will be held September 2, 2010, in Birmingham.

Click here for more information and to register.


Join the Southeast Credit Union Management Association for their Annual Conference September 22 - 24, 2010. Attendees rated SCUMA’s 2009 conference with the highest scores yet, and the executive committee is dedicated to repeating the success in 2010.

Conference rate is only $275 for first attendee, and $250 per additional attendee from same credit union. Two breakfasts, one lunch, one dinner, and all educational sessions are included. 

Watch for the conference brochure and golf registration form to arrive soon. In the meantime, reserve your hotel room at Hilton SanDestin by Aug. 23 - the $159 rate is same as last year. To reserve, call 850.267.9600 and use group code CUM. For information visit:  www.cumanagers.com.
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LEVERAGE News
New $25 Sprint Promotion

Between July 1 and August 31, credit union members will receive a $25 coupon toward the purchase of any item from Inventory Planet with the purchase of any new Sprint handset and a two-year agreement. This is in addition to the 10-percent discount already in effect.

In order to take advantage of the full benefits Sprint has to offer, credit unions must register by August 31, 2010. For more information on how your credit union can earn income on this program, contact your Business Development Consultant at consult@myleverage.com. [ Return to Top ]

CUNA Headlines
Credit union membership rises in June

According to CUNA, credit union loan balances, credit quality and membership all improved in June. Credit union memberships rose .32 percent in June. This is the fastest pace since August 2009. Click here for more information on these statistics.
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News from You
FAIRWINDS CU named one of best workplaces in Florida
FAIRWINDS Credit Union, one of the largest locally-owned financial institutions in Central Florida, ranked as the fifth best place to work in Florida according to Florida Trend magazine. This is the second consecutive year that FAIRWINDS has achieved this ranking. Florida Trend publishes an annual issue of their magazine identifying the best employers in the state. FAIRWINDS is the only large company (250 or more employees) based in Central Florida to receive this recognition for 2010. FAIRWINDS Credit Union is one of the largest financial institutions based in Central Florida, with assets more than $1.5 billion, more than 144,000 members and more than 500 employees.

“We are incredibly proud and honored to receive this recognition as one of the best places to work,” states FAIRWINDS President/CEO Larry Tobin. “Not only are we advocates for our members, but also for our crewmembers. It is a privilege to be able to provide a work environment that encourages professional development and creates a plan of success for every individual crewmember.”

The credit union provides a number of opportunities for career growth including tuition reimbursement for undergraduate and graduate-level courses. Employee training classes are conducted in-house with classroom, video, and online courses available.  [ Return to Top ]

Jax FCU creates You Tube video to educate members on CUPAC

Jax Federal Credit Union has created a short You Tube movie to explain how the Credit Union Political Action Committee (CUPAC) benefits credit union members. The video was created by the credit union's PRIDE Committee (community service and fundraising team) to help demonstrate a potential scenario of what could happen if the credit union did not support CUPAC. 

Click here or on the image below to be directed to the LSCU press room and watch this creative presentation.

 

  [ Return to Top ]

Employment
Credit union employment opportunities posted online
Click here to view credit union-specific job opportunities in Alabama and Florida. [ Return to Top ]

Calendar
Schedule of upcoming educational events

August 10, 2010, How to Read & Sell: Credit Report (webinar)

August 17, 2010, Garnishments & Subpoenas (webinar)

September 2, 2010, Regulatory Compliance Update - Birmingham, AL

September 14, 2010, Hike the Hill - Washington, DC

September 23, 2010, Account Basics (webinar) [ Return to Top ]

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