LSCU eSignal Weekly
LSCU eNews Weekly September 7, 2010
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LSCU eNews Weekly
In This Issue
LSCU Headlines
CUs reach out to members affected by oil spill
"Bank On" movement gaining traction in AL and FL
General Session speakers announced for Development Conference
Eli Lehrer: Increasing MBL cap is good for the nation
Heartland & Discover agree to $5M breach settlement
Governmental Affairs
Save the date for CUNA’s 2011 GAC; 2/27 - 3/3
Florida update
Compliance Corner
League InfoSight highlight: S.A.F.E. Act Topic and others added
Compliance Calendar and Training
FL Gov. proclaims Sept. as Preparedness Month
CUNA News
Sample opt-in notice for overdraft service
CUNA developing "Exam and Supervisory Issues" website
CUNA Strategic Services offers FREE webinars
International Credit Union Day
Discount on promotional materials for ICU day
Cooperative Initiatives News
FREE Foreclosure Prevention Workshop - 9/14 or 9/16 in FL
FDIC invites CUs to free IDA forum Sept. 22
CMN 2010 Sponsor Volunteer Awards
Education News
SCUMA Annual Conference Sept. 22 - 24, 2010
FREE NCUA Roundtable in Jackson, MS on Sept. 11
Learn how to "reel in your delinquencies" at Collections & Bankruptcy School
Complete survey to enter drawing for free conference registration
LSCU fall regulatory compliance workshop well-attended
LEVERAGE News
Special discounts on supplies through Office Depot
Generate revenue with gift card program
Join CUs for armored car services ePurchasing event
Order 2010 SE Credit Union Compensation Report
News from You
Alabama Teachers Credit Union provides bridal registry account
NE FL Chapter recognizes CUEP graduates
Employment
Credit union employment opportunities posted online
Calendar
Schedule of upcoming educational events
In This Issue
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LSCU Headlines

CUs reach out to members affected by oil spill

League of Southeastern Credit Unions Welcomes Alabama’s Redstone FCU as an Affiliate Credit Union

LSCU's La Pine explains the impact of the spill on the Gulf region

With nearly 30 credit union executives and staff participating, credit unions came together in Pensacola to discuss ways to be a resource for those hurting along the Gulf. The LSCU’s Credit Union Response to the Gulf Oil Spill forum offered direct dialogue with regulators from the NCUA, the Florida Office of Financial Regulation, the Alabama Credit Union Administration, and the Louisiana Office of Financial Institutions. A recording of the forum is available on the LSCU website Gulf Oil Spill Resources web page (located under Cooperative Initiatives.) The LSCU Video Center has a wrap-up video of the forum.  

Tim Hornbrook, associate regional director of the NCUA, told credit unions to form each possible solution on a case-by-case basis. He instructed credit unions to find simple ways to help those who are hurting like waiving late and ATM fees and look at loan modifications. Linda Charity, director, Division of Financial Institutions with OFR, suggested credit unions should be open-minded about loans and should document every loan. Robert Hayes, bureau chief, Bureau of Credit Unions with OFR, reminded credit unions to look at their check cashing policies before the oil spill checks begin coming in. Glenn Latham, administrator for the Alabama Credit Union Administration, said credit unions should find ways to help those hurting by considering small loans to those who need help with life's basic necessities such as groceries.

“I thought we had good dialogue between the regulators and credit unions. A lot of good ideas came from the forum that credit unions can consider,” said LSCU President/CEO Patrick La Pine.

Pen Air FCU AVP, Business Services Tom Furr discusses the FL Emergency Bridge Loan Program

Pen Air FCU, Gulf Winds FCU, and Navy FCU shared best practices that each has implemented since the oil spill last April. Pen Air and Navy Federal are helping with the Florida Bridge Loan program. Small businesses need to have applications in by September 30 and each application needs to have an accompanying BP claim number.

Gulf Winds began a Wildlife Relief fund by committing $50,000 in matching funds. To date, Gulf Winds is $11,000 shy of reaching its $100,000 goal to help the wildlife affected along the Gulf at the Wildlife Sanctuary of Northwest Florida.

“We wanted to do something more than just giving money. The response from the community to the fund has been great. We can see first hand how the animals along the Gulf are benefitting from this program,” said Kurt Stenerson, vice president of marketing at Gulf Winds.

Visit the LSCU Gulf Oil Spill Resources web page to access forum materials, pertinent phone numbers, and resources to help members. This resource page will be updated on a regular basis with the latest news from credit unions and the Gulf region. [ Return to Top ]

"Bank On" movement gaining traction in AL and FL

Bank On programs are quickly becoming a national model for bringing low-income families into the financial mainstream. Credit unions have a unique opportunity to work with local governments and community groups by participating in "Bank On" programs. These initiatives are designed to help people who are not current bank customers, or those who have a troubled banking history achieve financial stability by opening and managing a bank account. The initiative offers members of a particular unbanked population specially designed financial products that encourage them to deposit the money usually spent on fees at the check casher into a low or no cost checking account and begin to save for the future.

Bank On programs face challenges as they seek to reduce the defined unbanked population. Some consumers simply don't understand how bank accounts work; others fear that financial institutions either aren't safe places for their funds or will charge excessive fees. Recent immigrants, in particular, may perceive banks as unstable financial institutions where funds can be expropriated through nationalization. With the recent economic crisis, confusion, misunderstanding, and mistrust of financial institutions have increased.

Surveys show unbanked consumers don't think they have enough money or don't write enough checks to make an account worthwhile. Some, of course, avoid banks to dodge tax authorities. Many say they have been burned too often by fees for overdrawing their bank accounts.

Bank On-type programs, when correctly implemented, can benefit credit unions, community groups, government officials, and consumers. As the Bank On model spreads to new communities, unbanked persons will begin saving money that they're currently spending on fringe financial service providers, and financial institutions will see that this is a market that's profitable to access. 

For more information about how to start a Bank On program in your area, contact National League of Cities Senior Associate Sarah Bainton Kahn at 202.626.3044 or to discuss ways your credit union can get involved with any of the current Bank On programs listed below, contact LSCU Member Relations Specialist, Amber Tynan at 866.231.0545 ext. 1154.

Here is a list of Bank On programs currently operational or in development and ready to launch soon in Alabama and Florida:

Bank on Birmingham - anticipated launch date to be determined

Bank on St. Pete

Bank on Marion

Bank on Jacksonville - anticipated launch date October 2010

Bank on Gainesville - anticipated launch in 2011
[ Return to Top ]

General Session speakers announced for Development Conference

Join LSCU as we kick off our shoes and get down to business, focusing on you! The LSCU Development Conference is a great opportunity for you to sit back, relax, and learn - from the education sessions and from your peers.

You won't want to miss the speaker line up for the conference's general sessions!

Kenneth W. Gronbach, President, KGC Direct, LLC, is a gifted public speaker and a nationally recognized expert in the field of demography and generational marketing. Ken makes the science of shifting demography come alive with real life examples that make it relevant to today’s culture, business climate and economy. The most common adjective used by Ken’s audiences to describe his presentations is “fascinating.” Author of The Age Curve, How to Profit from the Coming Demographic Storm, Ken takes you through a fascinating common sense understanding of shifting demography and the related opportunities and challenges.

Richard Hadden, is a Certified Speaking Professional with a focus on creating a great place to work. He is co-author ofContented Cows Give Better Milk: The Plain Truth About Employee Relations and Your Bottom Line and Contented Cows MOOve Faster: How Good Leaders Get People to Put More OOMPH! Into Their Work. Richard will speak on “Rebooting Leadership” and will tackle the tough issues of leading in the new world and provide leaders with practical advice on connecting with workers at all levels to produce value under a rapidly changing set of rules and expectations.

Herb Yolles, Region III Director for NCUA, will provide an update on the state of the credit union industry, specifically on Region III, as well as corporate stabilization assessments. Herb will also discuss regulatory/compliance changes that are on the horizon and the focus of examiners in 2011.

Also, LSCU President & CEO Patrick La Pine will present the results of LSCU’s member survey and give an overview of the LSCU’s priorities and initiatives for 2011, including an update of the cooperative image campaign that will be launched in both states in 2011.   

Credit union staff and volunteers, click here to register.

Questions? Contact LSCU Association Services Support Specialist Becki Payne at 866.231.0545 ext. 2129. [ Return to Top ]

Eli Lehrer: Increasing MBL cap is good for the nation


Eli Lehrer

Well known conservative scholar Eli Lehrer, senior fellow at The Heartland Institute - a national research center that he founded and adjunct fellow of the James Madison Institute in Tallahassee, Florida, published an article posted online last week in support of raising the member business lending cap for credit unions.

In the article, posted on FrumForum.com, Lehrer said, "there’s no reason for conservatives to get excited about the “small business lending fund” bill that the Senate plans to consider after it returns from recess. But one amendment under consideration, an easing of the the cap on credit union business lending, deserves consideration both on its own and as a template for bipartisan action to get the economy moving."

He goes on to explain that the small business lending bill is well intended but doesn't go far enough as there are still plenty of small business owners having trouble getting loans. After summarizing the Udall amendment to increase (but not eliminate) the government-imposed cap on lending from credit unions Lehrer added, "The bill should go further: The cap has no good reason for existing at all. Banks oppose the bill because they don’t want the additional competition. But it’s good for the economy."

Lehrer who advocates for less government intervention in all areas, believes Sen. Udall’s proposal to undo one particularly destructive regulation has a lot of merit. And it should serve as a template for further action in nearly all fields of regulatory policy. [ Return to Top ]

Heartland & Discover agree to $5M breach settlement

Heartland Payment Systems, one of the nation’s largest payments processors, announced late last week a settlement agreement with Discover Financial Services, related to the 2008 criminal intrusion of Heartland’s payment system environment as a settlement in its massive data breach case, which forced credit unions and other financial institutions across the country to reissue credit and debit cards. Under the agreement, Heartland will pay Discover $5 million, resolving all issues related to the 2008 intrusion.

“We are pleased to have reached an equitable settlement with Discover,” commented Bob Carr, Heartland’s chairman and chief executive officer. “This settlement marks our final agreement with a card brand related to the intrusion.”

Heartland announced the data breach in January 2009. The breach involved malicious software that compromised card numbers, expiration dates, and, in some cases, names of the consumers using the debit or credit cards at Heartland's network of 250,000 businesses. The breach exposed 130 million credit and debit cards. [ Return to Top ]

Governmental Affairs
Save the date for CUNA’s 2011 GAC; 2/27 - 3/3

CUNA’s Government Affairs Conference (GAC) will be held February 27 through March 3, 2011 at the Washington Convention Center in Washington, DC with Capitol Hill visits on Wednesday and Thursday of that week.

CUNA’s schedule will be revised for 2011 to allow additional opportunities for visits with members of Congress. Make travel arrangements to return home no earlier than Thursday afternoon.

The LSCU will host a “Welcome Reception” on Sunday evening (Feb. 27) along with “Hospitality” events planned for Monday, Tuesday, and Wednesday where the latest political, legislative, and Hill visit information will be disseminated.

CUNA’s GAC begins on Sunday with the grand opening of the exhibit hall and a concert featuring a surprise special guest. Monday’s schedule features the opening general session and legislative update. The day will conclude with the Herb Wegner dinner benefiting the National Credit Union Foundation.

Tuesday's schedule features presentations by key political and legislative leaders, a reception with the NCUA Board and Regional Directors, and ends with the ever popular Late Night at the GAC.  

Wednesday features more key political and legislative leaders as well as the start of Hill visits which will continue on into Thursday.

Registration for the conference and rooms will be open soon. Plan to make reservations as early as possible.  [ Return to Top ]

Florida update

Florida Republicans will gather later this week in Orlando for a fundraiser and the quarterly meeting of the Republican Party of Florida. The LSCU is hosting a table at the dinner.

The Republican party will decide behind closed doors whether or not to release the much-discussed forensic audit that is meant to be the final verdict on how disgraced former Chairman Jim Greer handled party finances. 

Credit union officials and LSCU staff will be meeting with Sen. George LeMieux (R) to discuss the jobs bill under consideration in Washington, in which member business lending language may be added. They are also scheduled to meet with state Senate President Jeff Atwater (R) who is candidate for Chief Financial Officer. [ Return to Top ]

Compliance Corner
League InfoSight highlight: S.A.F.E. Act Topic and others added

A new topic, SAFE Act - Registration of Mortgage Loan Originators, was added to the Loans and Leasing channel. This addition was due to the NCUA, along with the other federal financial institution regulators and the Farm Credit Administration, issuing final rules requiring residential mortgage loan originators who are employees of financial institutions, Farm Credit System institutions, and certain of their subsidiaries (agency-regulated institutions) to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act).

The S.A.F.E. Act requires these residential mortgage loan originators to be registered with the Nationwide Mortgage Licensing System and Registry (Registry). As part of this registration process, residential mortgage loan originators must furnish to the registry information and fingerprints for background checks. The S.A.F.E. Act generally prohibits employees of agency-regulated institutions from originating residential mortgage loans unless they register with the registry.

Other Updates
These channels and topics were also updated during August:

Accounts Channel

  • IRA information
  • Check Overdraft Programs
  • Expedited Funds Availability
  • Share Insurance

Advertising Channel

  • Advertising Check Overdraft Programs

Bankruptcy and Collections Channel

Bank Secrecy Act Channel

  • Currency Transaction Reports
  • Customer identification Program Summary
  • Information Sharing Summary
  • Member Identification Program FAQs
  • Risk Assessment

Employment Channel

  • Fair Labor Standards Act

For 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
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 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 ]

FL Gov. proclaims Sept. as Preparedness Month

While hurricane Earl churned in the Atlantic Ocean last week, Florida's Governor Charlie Crist proclaimed September as ‘Florida Preparedness Month.’ In recognition of the month, the Florida Division of Emergency Management will be partnering with more than 3,200 organizations across the U.S. to help create a culture of disaster preparedness.

“With the tropics becoming more active, and as we approach the historical peak of the Atlantic Hurricane Season, it is vital that all of Florida’s residents and visitors take the time now to prepare their families, homes and businesses for any disaster that may occur,” said Governor Crist. “This month is the perfect time to learn about how to prepare for the potential hazards in your area and to create your disaster plan to ensure you are ready to protect yourself and your loved ones.”

The LSCU has created a Disaster Recovery area on the LSCU website. Member credit unions may access the disaster recovery plan and hotline instructions on this page. This is a password-protected page therefore, you must be a registered user of the LSCU website to view it. If you are a member of the LSCU and haven't signed up for website access, click here.

Reminder: Complete and return LSCU Emergency Contact Update Form.

All Alabama and Florida credit unions received an emergency contact update form in June. If you have not already, complete and return the form to the LSCU. It is important to provide the information to ensure the LSCU can provide assistance for credit unions affected by a disaster. To receive an electronic copy of what the LSCU has on file for your credit union, request it via email to Bill Berg or call 866.231.0545 ext.1028. [ Return to Top ]

CUNA News
Sample opt-in notice for overdraft service
CUNA is encouraging credit unions interested in accessing the Federal Reserve Board's sample opt-in notice for overdraft services to do so through a regulatory alert (10-RA-12) recently posted by the National Credit Union Administration.
 
As of Aug. 15, financial institutions are prohibited from charging consumers fees for paying overdrafts on ATM transactions and one-time debit card transactions unless consumers specifically "opt in" to overdraft services. While the alert noted that credit unions are not required to use the Fed's sample notice, the NCUA said the model is a convenient way to provide the required notice to members. "The Fed's easy-to-understand notice was created to raise consumers' awareness of overdraft fees, as well as options available to reduce those fees," the alert said.
[ Return to Top ]

CUNA developing "Exam and Supervisory Issues" website

CUNA is in the final stages of developing an "Exam and Supervisory Issues" website. CUNA President/CEO Bill Cheney said that CUNA has long supported "strong but reasonable" supervision.

The site will include an incident reporting form, which credit unions may complete online, that will allow credit unions to detail their most recent examination experiences and problems they may have encountered with their examiners.

Ohio Credit Union League President and Chairman of CUNA's Supervisory Issues Working Group Paul Mercer says that the addition of the incident reporting form will "enable CUNA and the leagues to help document issues credit unions are raising regarding examination concerns and to provide summary information to regulators that will document these concerns with concrete information and examples."

Credit unions' confidentiality will be protected and only summaries will be provided to regulators, without identifying individual credit unions, he added.

Cheney noted that the Exam and Supervisory Issues site will be expanded in coming weeks to include a Credit Union Bill of Examination Rights, as well as a policy addressing reasonable expectations for credit unions, examiners, and regulators regarding supervisory and related issues. The policy, which is still under development, and the Bill of Rights will both reflect broad input from CUNA's Governmental Affairs Committee and its Supervisory Issues Working Group, including league attorneys serving on the group. The CUNA Board will review the policy later this month.

The CUNA "Exams and Supervisory Issues" website can be found in the LSCU Regulatory Advocacy Links area. Currently, there is a CUNA survey for credit unions on the page. [ Return to Top ]

CUNA Strategic Services offers FREE webinars
Free learning opportunities abound in CUNA Strategic Services' Internet-based informational sessions. CUNA Strategic Services pride themselves in offering webinars that are first and foremost educational and enlightening.


For more information about any of the above seminars and to register, visit cunastrategicservices.com/webinars.
[ Return to Top ]

International Credit Union Day
Discount on promotional materials for ICU day

Take advantage of International Credit Union Day® on October 21, 2010 to promote the credit union difference to gain new members and thank the existing 186 million credit union members worldwide.
 
Now is the time to stock up on promotional materials for ICU Day celebrations. All orders placed before September 17 are discounted at least 10% with early bird pricing!
 

[ Return to Top ]

Cooperative Initiatives News
FREE Foreclosure Prevention Workshop - 9/14 or 9/16 in FL

Most credit union members who are homeowners have their mortgage loans with other lenders. Yet research shows that members 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.

Credit unions currently have a unique opportunity to help members who may be at risk of foreclosure, regardless of who holds the mortgage. The Federation, National Credit Union Foundation, and the League of Southeastern Credit Unions will present two identical foreclosure prevention workshops this month in Florida. The first workshop will be held September 14 in Miami and the second is planned for September 16 in Tampa.

This workshop will focus on the following:

  • How to identify members who may be at risk of foreclosure
  • Ways to help affected members avoid scams and predatory traps
  • Specific financial products that will reduce the risk of foreclosure for members and losses for the credit union
  • How to connect members to responsible counseling and other services early enough to obtain the best possible outcome

The FREE workshop is designed to provide credit unions with tools to be used to help members and also to gather feedback on the challenges facing credit unions and their members in today’s economy.

Contact Amber Tynan at 866.231.0545 ext. 1154 for more information or to register. [ Return to Top ]

FDIC invites CUs to free IDA forum Sept. 22

The FDIC is partnering with several west Alabama organizations for an Individual Development Account (IDA) forum for financial institution representatives and community development partners. The forum is planned for Wednesday, September 22 from 11:00 a.m. to 1:00 p.m. in Demopolis, Alabama, and credit unions are invited to attend.

The goal of this meeting is to provide an opportunity for financial institutions to learn more about Individual Development Accounts (IDAs) and their role in community development, as well as to encourage financial institutions in the area to offer savings accounts for IDA savers. 

Financial institutions can use IDAs to tap into new markets by establishing relationships with those who are unbanked or underbanked. Estimates of the size of this market vary, but research indicates that a substantial portion of the population does not fully use the banking system. Matching funds for the IDAs are already secured.

The forum will be held at the Demopolis Public Library, 211 E. Washington Street. To register, contact John Olsen, FDIC Community Affairs Specialist at 334.271.5213 ext. 4719 no later than Monday, Sept. 20. [ Return to Top ]

CMN 2010 Sponsor Volunteer Awards

The Children's Miracle Network is seeking nominations for 2010 Sponsor Volunteer Awards. Many credit union employees work tirelessly to support Credit Unions for Kids, and this is a great opportunity to recognize their devotion to the CMN cause. Click here to access a nomination application or here for an informational flyer.

Nominations will be accepted until September 24, 2010. [ Return to Top ]

Education News
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. 30 - 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 ]

FREE NCUA Roundtable in Jackson, MS on Sept. 11

Join NCUA staff for a free workshop covering the latest issues affecting your credit union. NCUA regional and national staff will present the following topics:

  • Issues Facing Credit Unions
  • Maximizing Your Bottom Line
  • Current Regulatory Hot Topics
  • Allowance for Loan Lease Losses (ALLL)
  • Alternatives To Predatory Lending

This “roundtable” training will be held on Saturday, September 11 from 8 a.m. to 3 p.m., at the Cabot Lodge Millsaps (2375 North State Street, Jackson, MS).

The workshop is open to all credit unions regardless of asset size. Stipends up to $250 are available to credit unions with assets of $10 million and less. Click here to register. [ Return to Top ]

Learn how to "reel in your delinquencies" at Collections & Bankruptcy School

Learn how to "reel in your delinquencies" at the LSCU 2010 Collections & Bankruptcy School, Oct. 12 - 13 in Orlando, Florida at the Orlando Airport Marriott.

The current credit crunch is having a negative impact on many of your members and credit unions are in a unique position to assist them. Is your collections staff ready to help both the member and the credit union weather the storm? And what about the bankruptcies your credit union may be experiencing? Do you think the real estate market is already bad enough for your bottom line? Well don’t look now, but bankruptcies are back too in the mix again!  If any of these questions make you think twice about your credit union’s collections and bankruptcy process, this school is for you!

Instructor David Reed will provide various ways, including best practices, creative tools, and practical experience, to help you effectively and efficiently reel in your delinquencies.

The collections school will focus on advanced collections topics. This interactive workshop will be an operationally focused session that builds on practical experience and creative tools for assisting members in financial need while creating a more effective collections process within the credit union.

The bankruptcy school is designed for the credit union professional who is familiar with bankruptcy and wants to sharpen their skills in this debtor friendly world. Reed will examine the current state of consumer bankruptcy and how it continues to impact credit unions. This full day seminar will focus on advanced bankruptcy recovery and loss reduction concepts.

Cost for both schools is $449. Room rate is $129 and room rate cutoff is Tuesday, September 14, 2010. Click here to register for both sessions or contact Becki Payne at 866.231.0545 x2129 for registration in only one school.

[ Return to Top ]

Complete survey to enter drawing for free conference registration

Complete the LSCU's Education Survey to help improve educational programs for members. 

The short survey takes less than 10 minutes to complete, and candid answers will help the education department ensure they are meeting the education and training needs of all credit union members.

As an added bonus, all survey submissions will be entered into a drawing to win a choice of either one complimentary 2010 LSCU Development Conference Registration or one complimentary 2010 LSCU Collections & Bankruptcy School Registration. The survey will remain open until September 15, 2010. Drawing for free registration will take place on Friday, September 17, 2010, and winners will be notified via email. Click here to get started. [ Return to Top ]

LSCU fall regulatory compliance workshop well-attended


Compliance attorney Todd Sherpy updates
credit union professionals in Birmingham

The LSCU held its fall Regulatory Compliance Update last week in Birmingham, Alabama. Well-known credit union compliance attorney Todd Sherpy of Sherpy & Jones, P.A. was the featured speaker. Todd spoke on the many regulatory and compliance changes that have occurred so far this year.

One credit union attendee said that Todd "was very thorough & knowledgeable – he hit the main topics without wasting time. [The] program was well organized, facilities were great.”

More than 30 credit union professionals were in attendance.  [ Return to Top ]

LEVERAGE News
Special discounts on supplies through Office Depot

Office Depot is currently offering some fall specials:

  • Receive 10 percent off all cleaning & breakroom items during the month of September. Click here to view the promotional flyer.

  • Get $5 off your purchase of one or more boxes of qualifying 3M Labels, now through October 31. Click here to view the promotional flyer.

[ Return to Top ]

Generate revenue with gift card program

The LEVERAGE gift card program is a unique way to add value and convenience to your members’ credit union experience. With more than 20 different designs, flexible loading balances from $10 - $500, usable anywhere VISA Debit Cards are accepted, the gift card program is a great way to attract additional non-interest income. And, with a two to three week program set up time, your credit union will be prepared for the holidays.

The recent changes in the Card Act have no effect on the potential revenue a credit union can earn from the program. To learn more about the gift card program, email consult@myleverage.com. [ Return to Top ]

Join CUs 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 ]

Order 2010 SE Credit Union Compensation Report

In early June, the LSCU conducted a compensation and benefits survey. Credit unions that took part in the survey received a complementary copy of the 2010 Southeastern Credit Union Compensation Report.

The report is now available to all credit unions in Alabama and Florida. The price is a reasonable $150 for the more than 130-page document that covers compensation and benefits for credit unions of all asset sizes. 

The report covers a wide array of information including compensation for CEOs, executives, and hourly staff. Benefits are also explored including healthcare, paid time off, wellness programs, and staff perks.

If your credit union is interested in purchasing the report, contact a Business Consultant at HRx at consult@myleverage.com. [ Return to Top ]

News from You
Alabama Teachers Credit Union provides bridal registry account

 

Married couple Brandon & Frances Hall opened a new Bridal Registry account
at ATCU & were winners of new cookware set as part of a special promotion

Alabama Teachers Credit Union has a unique account to encourage a solid financial future for new couples. The “Bridal Registry” account allows new couples to ask friends and family for cash instead of traditional wedding gifts. ATCU accepts the deposits to the couples’ account in person, by mail, and online. ATCU also deposits $25 into the account as a gift to the new couple.

To promote this account, all couples who opened a bridal registry account between March and August were automatically entered to win a Food Network stainless steel cookware set gift basket. [ Return to Top ]

NE FL Chapter recognizes CUEP graduates

At the end of August, the Northeast Florida Credit Union Chapter held its twenty-seventh annual graduation banquet to honor those who have successfully completed the Florida State College of Jacksonville (FSCJ) Credit Union Education Program (CUEP) certificate. Students received vocational certificates of completion for both the six-course and the twelve-course CUEP Program. Around 125 people were in attendance, including the leaders of the Jacksonville credit union community, to recognize the program graduates.

Six-course CUEP Graduates:

Shirley Buch, Healthcare Cooperative Credit Union
Amanda Crawford, Vystar Credit Union
Maria Ding Chong, Florida Telco Credit Union
Jennifer Kerley, Jax Federal Credit Union
Zita Lange, Jax Federal Credit Union
Sharon Murk, Florida Telco Credit Union
Karen Murphree, Florida Telco Credit Union
Courtney Ramsawh, Vystar Credit Union
Bethany Shannon, Florida Telco Credit Union
Lacresa Tucker, Jax Federal Credit Union

Twelve-course CUEP Graduates:

Trenton Barnett, Vystar Credit Union
Jill Cruz, Florida Telco Credit Union
Rhiannon Hornback, Community First Credit Union
Amy Kopso, City & Police Credit Union
Sharon Murk, Florida Telco Credit Union
Karen Murphree, Florida Telco Credit Union
Bethany Shannon, Florida Telco Credit Union
Megan Thorpe, Florida Telco Credit Union

CUEP certificate recipients
[ 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

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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