LSCU eSignal Weekly
LSCU eNews Weekly August 16, 2010
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LSCU eNews Weekly
In This Issue
LSCU Headlines
Register now for Aug. 30 CU response to Gulf Oil Spill workshop/webinar
LSCU presents check for more than $27,000 to Children's Miracle Network
AL and FL credit unions save members close to $490 million annually
LSCU debuts "Launch and Learn" video series
NCUA board meeting video available
Governmental Affairs
Sept. Hike the Hill event canceled
Montgomery chapter hosts legislative night
Last week for candidate fundraising in Florida
Listerhill CU's employees commit to FedPAC through payroll deduction program
Compliance Corner
League InfoSight highlight: advertising overdraft programs
Compliance Calendar and Training
CUNA News
E-guide covers ADA guidelines for ATMs
International Credit Union Day
Use video to demonstrate credit union difference
Aabama CUs can purchase pine seedlings to celebrate ICU Day
Education News
Register now for fall regulatory compliance update on Sept. 2
SAVE THE DATE: LSCU Development Conference
SCUMA Annual Conference Sept. 22 - 24, 2010.
LEVERAGE News
MemberCONNECT® provides CUs with tools to enhance insurance programs
CitiFinancial Auto offers excellent repossessed vehicle management program
Three Florida CUs sign up for JMFA overdraft privilege®
Join credit unions for armored car services ePurchasing event
News from You
Florida Commerce CU's weLiveFIT! Challenge wins top PR award in Florida
Alabama Credit Union helps feed hungry children
Alabama Teachers Credit Union: back-to-school kick-off day
Coosa Pines FCU completes merger withJefferson Community Development FCU
Employment
Credit union employment opportunities posted online
Calendar
Schedule of upcoming educational events
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LSCU Headlines

Register now for Aug. 30 CU response to Gulf Oil Spill workshop/webinar

Registration is now open for the LSCU workshop/webinar: Credit Unions Response to the Gulf Oil Spill. The event will be held on August 30 at Pen Air FCU in Pensacola, FL.

Credit unions have an opportunity to help their members and small businesses who have been hurt by the effects of the Gulf oil spill. With the dismal tourist season coming to an end along the coast, the LSCU recognizes that now is the time when those members and businesses need help the most. All credit unions are eligible to participate in this free informational event in person or via phone.

Representatives from the NCUA, the Florida Office of Financial Regulation, and the Alabama Credit Union Administration will be on hand to participate in the discussion.

Click here to register for the workshop/webinar and to view the agenda.

If you have any questions, contact Association Services Chief of Staff Cassandra Grayson at 866.231.0540 ext. 1004, or Vice President, Regulatory Affairs Bill Berg at ext. 1028. [ Return to Top ]

LSCU presents check for more than $27,000 to Children's Miracle Network

(Pictured left to right: Justin Thames, LSCU PAC Coordinator, Stephanie Andrews, Children’s Miracle Network, and Cassandra Grayson, LSCU Association Services Chief of Staff)

The League of Southeastern Credit Unions recently presented the Children’s Miracle Network with a check that will be used to help fund medical care, research, and education. Each donation helps to save and improve the lives of 17 million children each year.

During the LSCU’s AC&E in Orlando in June, convention attendees helped raise money for the LSCU Political Action Committee while helping CMN. Through the generosity of LSCU members, staff, sponsors and vendors who attended the fundraising events, $27,100 was raised. A total of $18,600 was raised during the LSCU’s first annual golf tournament with an additional $8,500 raised through the silent auctions LSCU PAC charity match fundraiser.

LSCU Service Corporation, LEVERAGE, matched each donation for the PAC fund which doubled the amount of funds raised during the silent auction. One hundred percent of the matching funds benefit the Children’s Miracle Network.

“I am proud of how generous our members, employees, vendors, and sponsors are when it comes to supporting the Children’s Miracle Network," said Patrick La Pine, president/CEO of LSCU. "The charity match was a great way to raise funds for our PAC while supporting a charitable organization that is dear to the hearts of many of us in the credit union movement. Giving back to our communities clearly remains a top priority for our member credit unions even during the many challenges facing our economy.” [ Return to Top ]

AL and FL credit unions save members close to $490 million annually

Using the financial services of a credit union in Alabama and Florida meant significant savings. CUNA recently published a Benefits of Membership Report that details the fees taken in by banks and credit unions in the the two states and then breaks down the savings through nine loan categories and six savings categories. In the report, the average interest rate and fees between banks and credit unions in each state are listed. Estimates in the report show that, last year, Alabama credit union members saved $182 million or $200 per household. In Florida, members saved $317 million or $136 per household.

To demonstrate credit union savings, a member who borrows $25,000 for a new auto from an Alabama credit union, will save $333 for a five-year term loan by choosing a credit union over another financial institution. In Florida, the savings calculate to $187 annually.

CUNA also estimates that members that use a credit union in Alabama or Florida for most of their normal financial business see even more significant savings. The report is posted for both states on the LSCU website on the  Research and Economic Data page.  It is a password-protected area. Member credit unions that do not have a password, may click here to sign up for one. 

[ Return to Top ]

LSCU debuts "Launch and Learn" video series

The LSCU is producing a series of videos called "Launch and Learn." Launch and Learn videos are designed to be around three minutes, easy to watch and informative.

REAL Solutions Program Manager Lois Kitsch (pictured right) is the subject of the first video. REAL Solutions was started a few years ago by the National Credit Union Foundation (NCUF). It quickly became the signature program for the Foundation. Working through state credit union leagues/associations, the program’s intent is to help credit unions provide new products and services to meet the financial needs of low wealth households. The program is implemented  through a "best practices" model where leagues and credit unions share their success stories. Lois talks about the importance of Real Solutions, an area where credit unions can see growth and how credit unions should rely more on collaboration.

View the first video by visiting the LSCU Video Center. Trouble viewing the video player? Contact LSCU VP, Communications Mike Bridges at 866.231.0545 ext. 1022.  [ Return to Top ]

NCUA board meeting video available

For credit unions that would like to see the latest NCUA board meeting, it is now available online as the NCUA has begun videotaping the meetings. NCUA Chairman Debbie Matz says the new policy is a continued move toward keeping credit unions more informed.

“Posting the full unedited video of each open NCUA board meeting will enhance the agency’s transparency,” said NCUA Chairman Debbie Matz. “Our intent is to provide the credit union community and other interested stakeholders with opportunities to watch the NCUA board in action. We believe it will be informative for stakeholders who cannot attend our meetings in person to see and hear the deliberations that result in
NCUA board actions.”

To watch the latest NCUA board meeting, visit the NCUA's website.  [ Return to Top ]

Governmental Affairs
Sept. Hike the Hill event canceled

The LSCU, along with several other credit union leagues across the country, has canceled the previously planned September Hike the Hill event in Washington D.C.

In Washington, the priority issue for credit unions is Member Business Lending (MBL). While the LSCU continues to pursue every opportunity to successfully pass the MBL amendment, the best information available shows that this issue may well be resolved by the time of the originally planned Hike the Hill visit.

The August Congressional recess presents a great opportunity for credit unions to meet with lawmakers in their districts. Governmental Affairs is planning numerous activities during the campaign season including chapter events and individual credit union visits to ensure the message remains in front of the LSCU Congressional Delegation.

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

Montgomery chapter hosts legislative night


Left to right: State Rep. Jay Love, Callie Corey from Cong. Bobby Bright’s office, Rep. Barry Mask, & Rep. Elect Paul Beckman

The LSCU Montgomery Chapter of Credit Unions hosted a legislative night last week at the Capitol City Club in Montgomery, AL. More than 40 credit union CEOs, staff, and board members attended along with numerous system partners.

In attendance were four members of the Alabama Legislature from the Montgomery area and a representative from Congressman Bobby Bright's office. (Bright was scheduled to attend but was called back to Washington for a vote.) Rep. Greg Wren, Rep. Jay Love, Rep. Barry Mask, and Rep.-Elect Paul Beckman each spoke about the difficult issues facing Alabama, and all discussed the positive impact credit unions have on their members, noting how credit unions are the bright spot in an otherwise troubled environment. 

"We had great participation from our local credit unions and from our legislators," said Chapter President and LSCU Board Member Linda Walker. "Each seemed to be knowledgeable and supportive of the credit union movement as a whole. We were complimented on the job we do daily by serving our members. Meetings like this are very important. Credit unions have a message to get out not only to the public, but to those who are making the laws. Friendly communication and proper information is the key and we truly felt that at the chapter level. I encourage all chapters to consider an event like this. The LSCU governmental affairs staff did a super job coordinating the event!”

The LSCU is working to set up additional chapter legislative nights as well as credit union visits by candidates running for office. For more information on how your credit union or chapter can be involved, call LSCU Grassroots and Political Coordinators Robbie Gordon at 866.231.0545 ext. 2164 in Alabama or Justin Thames, ext. 1010, in Florida. This is a great time to get the message out to current elected officials and tomorrow’s decision makers. [ Return to Top ]

Last week for candidate fundraising in Florida

While President Obama and his family were in Panama City, FL during the past weekend for vacation, he will also spend some time around the state raising funds for democrats.

The President is scheduled to attend a Democratic Party fundraising event on Wednesday in Miami Beach. Gubernatorial candidate, CFO Alex Sink (D), Rep. Kendrick Meek (D), and Sen. Bill Nelson (D) are also scheduled to attend.

Former Florida Gov. Jeb Bush is campaigning with Marco Rubio (R) and Attorney General Bill McCollum (R) this week, while former President Bill Clinton is campaigning with Rep. Kendrick Meek (D).

This is the last week of campaigning before the August 24 primary in Florida. Thursday is the last day contributions can be accepted.

For more information on Florida politics, contact LSCU VP, Legislative Affairs Mark Landreth at 866.231.0545 ext. 1012.  [ Return to Top ]

Listerhill CU's employees commit to FedPAC through payroll deduction program

Listerhill Credit Union, based in Muscle Shoals, recently held a fundraising day to encourage employees to contribute to the LSCU Fed PAC.

Thirty employees committed to either payroll deduction or individual contributions. Participation ranged through all departments of the credit union.

“Prior to the sign up, we reminded our staff of the recent increase in legislative activity and its potential impact on our jobs - good or bad," said Listerhill's President/CEO Brad Green. "We found that many of them understood the need for political advocacy and were willing to contribute as another way to protect or enhance our ability to serve our members as credit unions. We have always collected ACULAC donations annually by check but our staff will enjoy the convenience of contributing an amount from each payroll during the year. As a result, I think some of our staff decided to increase their contributions beyond amounts that they have contributed in the past.”

For information about the LSCU Fed PAC fund and payroll deduction, contact Grassroots and Political Action Coordinators Robbie Gordon at 866.231.0545 ext. 2164 in Alabama or Justin Thames, ext. 1010, in Florida. [ Return to Top ]

Compliance Corner
League InfoSight highlight: advertising overdraft programs

The NCUA rule addressing the Truth in Savings Act (TISA) is intended to improve the uniformity and adequacy of information provided to members when they overdraft their accounts. The rules address overdraft privilege plans in which credit unions pay checks and allow transactions when there are insufficient funds in the account.

The Fed and NCUA recently amended these rules to expand the disclosure requirements to all financial institutions regulated under the Fed’s Regulation DD or NCUA’s Part 707, regardless of whether they promote the payment of overdrafts. Effective January 1, 2010, all credit unions that charge fees for paying overdrafts are required to disclose them on the periodic statement, both for the statement period and for the year-to-date. The disclosure does not have to be provided if no fees have been charged (e.g., the credit union would not have to disclose "$0" for the statement period or year-to-date).

The disclosure must be made in a tabular format and be near the other itemized fees. The final rule includes a sample form for making this disclosure. Credit unions may either use the term "returned item fee" or "NSF fee" on the form to describe the fee for returning items unpaid.

InfoSight Newsletter's Advertising Overdraft Programs topic provides details—and FAQs—about the requirements that your credit union should follow in order to remain in compliance.

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.


[ Return to Top ]

Compliance Calendar and Training

Compliance Calendar

August 22
Regulation E - Gift Card Rule Change Effective Date

September 6
Labor Day - Federal Holiday

October 1
Regulation Z - Escrow Requirement for "Manufactured Housing" Mortgages - Effective Date

October 11
Columbus Day - Federal Holiday

October 23
5300 Call Report Due to NCUA

November 2
Consumer Credit Card Submission Deadline

November 7
Daylight Savings Time Ends

November 11
Veterans' Day - Federal Holiday

Compliance 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

October 14
Pressing Credit Union Compliance Issues – audio conference
1:00–2:30 p.m. CT

October 24–27
CUNA Bank Secrecy Act Conference
[ Return to Top ]

CUNA News
E-guide covers ADA guidelines for ATMs

The ATM machines provided by credit unions and other financial institutions will be required to be usable by individuals that are blind or have low vision under changes to the U.S. Department of Justice's (DOJ) Americans with Disabilities Act (ADA) regulations, the Credit Union National Association (CUNA) reports.

ATMs must also have modifications that allow them to serve the needs of deaf or hard of hearing members, as well as members that are wheelchair bound, according to the DOJ.

Specifically, at least one ATM at a given financial institution must be provided to ensure compliance with Section 707 of the ADA. The adapted ATMs must also provide a member with all the functionality of a conventional ATM.

ATMs that are installed on the outside and inside of a given credit union would be considered separate locations, according to CUNA. Click here and log-in to CUNA's password protected area to access CUNA's E-guide that details these new regulations. [ Return to Top ]

International Credit Union Day
Use video to demonstrate credit union difference

To celebrate International Credit Union Day, take a new approach to explaining the benefits of membership by using video.

You can make your own or link to one of the many news stories that detail the differences between banks and credit unions that have aired nationally. Visit the LSCU press room's video player to view the CBS News Early Show segment (graphic shown below) or  other similar news pieces that have aired. Put a link on your credit uniohttp://www.mmsend27.com/link.cfm?r=238668221&sid=10370845&m=1081095&u=CUNA_CP&s=http://www.youtube.com/v/dSSH82DdMH4&rel=0&color1=0x0&color2=0x2255aa&hl=en_US&feature=player_embedded&fs=1n's web site or embed the story on your website to share it to win over new members.

For creative ideas on short, easy to make videos, contact LSCU Vice President of Communications, Mike Bridges at 866.231.0545 x1022.

If a picture is worth a thousand words, imagine the power of video.

[ Return to Top ]

Aabama CUs can purchase pine seedlings to celebrate ICU Day

Give a gift that will appreciate in value to members and the environment — a blue spruce seedling is the perfect gift to demonstrate a credit union's concern for the environment and members.

Each seedling is packaged individually in a sealed bio-degradable poly bag (with an air hole so the tree can "breathe"). The product is neat and tidy as there is no chance of any peat spilling from the bags. There are 175 seedlings in a standard box that weighs around 17lbs. The box is compact (18" x 16" x 12").

While seedlings are available for personalization and purchase to Alabama credit unions, seedlings are not available to Florida credit unions because of the tropical climate.

Click here for more information and to place your order. [ Return to Top ]

Education News
Register now for fall regulatory compliance update on Sept. 2

The LSCU Fall regulatory compliance update is scheduled for September 2, 2010 from 9 a.m. - 4 p.m. (CST). Registration and a continental breakfast will be available beginning at 8:30 am (CST).

R. Todd Sherpy, of Sherpy & Jones, P.A., CURES, LLC will present several topics of discussion including February, August, and October 2010 Truth in Lending changes. The rules will be reviewed as well as practical considerations to insure you are addressing the complicated and day-to-day requirements that will keep you credit union compliant. 

Cost is $259 per person. The location for this educational update is the Birmingham Marriott, 3590 Grandview Parkway, Birmingham, AL 35243. Visit www.marriott.com  or call 888.426.5171 for hotel information or to make a reservation. Room rate is $139 if reservation is made before August 19, 2010.

Click here to register. For questions or more information, call 866.231.0545 ext. 2129 for Association Services Support Specialist Becki Payne or ext. 2172 for Events Coordinator Brandy Norvell. [ Return to Top ]

SAVE THE DATE: LSCU Development Conference

Mark your calendar for the 2010 LSCU Development Conference:

November 3 - 5, 2010
Grand Hotel Marriott Resort, Golf Club & Spa
Point Clear, AL
For room reservations, call 251.928.9201.
Group room rate: $159/night. Reservation cut-off date is October 2, 2010.

CEOs, executive management, and directors won’t want to miss this opportunity to network and learn. The Development Conference will be held at the beautiful Grand Hotel Marriott Resort, Golf Club & Spa; providing a mix of relevant education sessions, motivational speakers, and fun networking activities, including a golf tournament. Attendees will also have the opportunity to interact with industry leaders during the exhibitor showcase. Mark your calendars and join the LSCU in Point Clear, AL, for this premier conference. Credit union staff and volunteers, click here to register for this conference.

For more information contact LSCU Association Services Support Specialist Becki Payne at 866.231.0545 ext. 2129. [ Return to Top ]

SCUMA Annual Conference Sept. 22 - 24, 2010.

Join the Southeast Credit Union Management Association (SCUMA) for its 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 room at the Hilton Sandestin by Aug. 23 - the $159 rate is the same as last year. To reserve, call 850.267.9600 and use group code CUM. For information visit:  www.cumanagers.com.
[ Return to Top ]

LEVERAGE News
MemberCONNECT® provides CUs with tools to enhance insurance programs

Many credit unions have decided that it makes sense to have insurance available for their members. Providing options that could deliver better, more affordable coverage is a great way to enhance member service and build non-interest income.

Choosing the right provider can be tricky. It is important to make sure an insurance partner that has the experience and expertise to maximize marketing opportunities.

MemberCONNECT® from CUNA Mutual delivers in two critical ways:

First, through segmentation. Using member information gleaned from its database of more than 50 million credit union members, CUNA Mutual has developed a proprietary segmentation strategy that divides members into 13 core segments based on demographics, psychographics, and behaviors.

Member data is securely run through the CUNA model and segmented into the 13 core groups. Members will receive only the insurance offers that match their specific needs and purchasing patterns. Participating credit unions are perceived as financial partners who truly understands their members and doesn’t waste their time with off-target promotions.

The second way MemberCONNECT delivers is through timely connections. MemberCONNECT creates a member-focused marketing schedule. This helps ensure members learn about the right products at a time when they’re more likely to purchase, and aren’t inundated with too-frequent or ill-timed mailings.

Learn how segmentation and timely connections through MemberCONNECT can make a difference for your credit union’s insurance program. Contact your CUNA Mutual sales executive today at 800.356.2644. [ Return to Top ]

CitiFinancial Auto offers excellent repossessed vehicle management program

Over the past few years, credit unions' repossession numbers have increased dramatically. Handling these repossessions can strain resources and negatively impact a credit union’s bottom-line. CitiFinancial Auto delivers a service designed to improve operational efficiencies when dealing with repossessed vehicles.

CitiFinancial Auto obtains the highest net return on vehicle sales, while reducing costs associated with repossessions. CitiFinancial Auto offers a wide variety of services and the experience of remarketing more than 45,000 vehicles in the first half of 2010 (more than 100,000 in 2009). 

Services include:

  • Repossessions with more than 160 agents nationwide
  • Remarketing of vehicles, including transportation to auction and an end-to-end tracking system
  • Access to CitiFinancial Auto’s trademarked vehicle certification program
  • 50 state title capability - CitiFinancial Auto converted more than 40,000 titles last year
  • Skip Tracing that produces industry leading results

CitiFinancial Auto has consistently demonstrated the highest net returns on repossessed vehicles. Credit unions will earn higher sale prices while reducing the costs. 

For more information on this program, contact LSCU VP, Product Support Keith Hopkins at 866.231.0545 ext. 1170. [ Return to Top ]

Three Florida CUs sign up for JMFA overdraft privilege®

LEVERAGE is delighted to announce that three Florida credit unions have joined John M. Floyd & Associates' growing list of clients. Achieva Credit Union (Largo, FL), Innovations FCU (Panama City, FL), and Gulf Winds FCU (Pensacola, FL) have recently signed with JMFA to implement JMFA OVERDRAFT PRIVILEGE®.

With more than 30 years of overdraft privilege experience, JMFA is the overdraft compliance expert. JMFA backs up its overdraft privilege program contractually with a written 100 percent compliance guarantee not only for Reg. E., but for all other important overdraft regulations as well. 

If you are interested in learning more about JMFA, contact LSCU VP, Product Support Keith Hopkins at 866.231.0545 ext. 1170. [ Return to Top ]

Join credit unions for armored car services ePurchasing event

LEVERAGE will have a record number of credit unions participating in an ePurchasing armored car services event on September 14, 2010.

ePurchasing is a strategic process which uses a web-based application to assist in the purchase of goods and services. Services provided include, but are not limited to the following; developing detailed specifications, bidding structure, software and bidding training to vendors, collecting required due diligence information from all third party vendors, accepting and evaluating bids, and of course the live event. Credit unions are savings thousands of dollars through ePurchasing. 

This collaborative buying event will include eight credit unions. To save money by participating collectively, contact LEVERAGE Director, ePurchasing Lori Vary at 941.747.9646. [ Return to Top ]

News from You
Florida Commerce CU's weLiveFIT! Challenge wins top PR award in Florida

Florida Commerce Credit Union’s weLiveFIT! (WLF) Challenge campaign, created to help Tallahassee families shape up their personal finances, was recognized last week by the Florida Public Relations Association (FPRA) as the top PR program in Florida for 2010. The prestigious Dick Pope All Florida Golden Image Award was presented to Florida Commerce and Salter>Mitchell—a Tallahassee-based public relations and advertising firm.

Established in 2009 and currently in its second season, WLF is a 10-month competition to help families reduce their debt, increase savings, and boost their credit scores with the help of a Florida Commerce financial fitness coach. The family with the highest level of financial improvement is awarded a grand prize of $10,000. Florida Commerce worked with Salter>Mitchell to develop and implement the multi-media campaign which included a series of webisodes documenting the WLF families’ journeys to financial fitness.

In 2009, the seven families who competed in the challenge collectively increased their credit scores by 469 points, increased their savings by more than $72,000 and decreased their debts by approximately $44,869. Florida Commerce’s household members increased by 28 percent, webisodes and family blogs boosted website traffic, and WLF garnered local and industry media attention.

“Florida Commerce created the weLiveFIT! Challenge to initiate a dialogue about personal money management and we were pleased the community responded,” said Samantha Strickland, vice president for Growth and Brand Management at Florida Commerce.  “We are very proud of the campaign and thank our families who shared their successes and challenges to help inspire others in the community to take back control of their finances.”

Heidi Otway, APR & Jennifer Pensy of Salter>Mitchell accept the Dick Pope All Florida Grand Image Award on behalf of Florida Commerce Credit Union and Salter>Mitchell at the 2010 FPRA Golden Image Awards.

[ Return to Top ]

Alabama Credit Union helps feed hungry children

Recent reports show that Alabama has one of the highest poverty rates in the country with 20 percent of the state’s children living below the poverty line. Many of Alabama's struggling families rely on free or reduced-price meals from local schools to help feed their kids. And when the weekend rolls around and the classrooms are empty, many children are left without food over the weekend. Without proper nutrition, students can suffer from physical and developmental problems, inhibiting their ability to learn.

Alabama Credit Union (ACU) is on a mission to make sure hungry children have healthy food for the weekend. ACU employees created Secret Meals to help bring the Feeding America’s Backpack Program to Alabama. The meals are placed anonymously to prevent children from  being singled out.

Teachers, who recognize the needs many of their students have, are appreciative of the program. "A student walked up to me, smiling ear to ear, holding up a can of Beanie Weenies that was in their backpack,” said one Englewood teacher. “That child told me, ‘I’m going to eat good this weekend!’” That child, like hundreds of others, found a package of food that had been slipped into his backpack on Friday afternoon through the Secret Meals for Hungry Children program.

 “Our Secret Meals goal for the upcoming school year is a minimum of 600 children served. We’re limited only by the amount of donations we receive," said Steve Swofford, president of Alabama Credit Union. 

For the 2009-2010 school year, Alabama Credit Union guaranteed funding for Secret Meals programs in Tuscaloosa City and County Schools through a partnership with the West Alabama Food Bank.

Partnerships with the Food Bank of North Alabama and the Bay Area Food Bank have been established for the 2010-2011 school year.  Donated funds are held in a special account at ACU and withdrawn by the food banks, meaning 100 percent of the donated funds are used exclusively to feed children — no administrative, promotional or delivery costs are deducted from this account. ACU pays for the promotion of this program from its own funds. And all funds remain in the area where they were collected. [ Return to Top ]

Alabama Teachers Credit Union: back-to-school kick-off day

On August 6, Gadsden, AL based Alabama Teachers Credit Union hosted its annual Back to School Kick-Off Day.  

To encourage the community to visit its five branches, each ATCU branch office set up a table and served cool treats while distributing school supplies as well as youth club promotional materials.

ATCU's Gen Y Council! members Matthew Vance, James Kilpatrick and Taylor Shaky volunteered their time to assist with greeting members and handing out materials.

Charly Young, research and development representative said, "A great time was had by all and we look forward to doing it again next year."

[ Return to Top ]

Coosa Pines FCU completes merger withJefferson Community Development FCU

Alabama's Coosa Pines Federal Credit Union recently merged with Birmingham's Jefferson Community Development Federal Credit Union. The merger was effective May 31, 2010, and the conversion of accounts was completed on July 31, 2010.  

“We are consistently looking for areas of future growth and diversification of our membership base,” said Brant Malone, president/CEO of Coosa Pines FCU. "Our two credit unions had similar visions of ‘people helping people’, and we look forward to continuing that mission in the Birmingham area. We are pleased to welcome the members of Jefferson Community Development FCU into our credit union family and are excited about potential opportunities in Jefferson County."

Coosa Pines FCU has assets of $186.6 million and is celebrating its diamond anniversary with 60 years of service to members. The credit union has five branches in Central Alabama.

The credit union’s marketing statement, “Come grow with Coosa Pines FCU,” conveys its commitment to promote the philosophy of the credit union movement. The addition of Jefferson County is one example of how credit unions continue to advance the not-for-profit, service-oriented approach to providing financial services. [ 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, Tax Levies & Subpoenas (webinar)

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

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

September 23, 2010, Account Basics (webinar)

September 22 - 24, 2010, 2010 Southeast CU Managers Association Annual Conference, Sandestin, FL

October 5, 2010, TILA – Understanding TILA/Z, (webinar) 

October 5, 2010, BSA Essentials Training, Montgomery, AL

October 12 - 13, 2010,  LSCU Collections & Bankruptcy School, Orlando, FL

October 19, 2010, BSA Essentials & Advanced Training,   Muscle Shoals, AL

October 26, 2010, Regulatory Update II, (webinar) [ Return to Top ]

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