LSCU eSignal Weekly
LSCU eNews Weekly November 8, 2010
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LSCU eNews Weekly
In This Issue
LSCU Headlines
Alabama elects governor and three new members of Congress
Florida elects a governor, a new cabinet and four new members of Congress
Significant change in Washington after general election
Alabama credit unions can invest in NCUA Guaranteed Notes (NGN)
Arizona, Colorado and Wyoming Leagues to merge
LSCU presents Image Campaign to two markets this week
LSCU Development Conference a big hit with attendees
White House's Finance Council includes credit unions
GTE's Brancucci on new CUNA housing task force
LSCU offices closed on Veterans Day
Governmental Affairs News
New FL House and Senate members to have orientation this week
Credit unions support Bondi on election night
FAIRWINDS CU board updated on LSCU Governmental Affairs
Compliance Corner
League InfoSight highlight: Repossession and sale of collateral
Compliance Calendar and Training Schedule
Education News
2011 Education Calendar now available
Last call for BSA training in 2010
Education Calendar
Cooperative Initiatives News
United Way of Central Alabama is offering free training for non-profits
Two credit unions sign on for CMN paper icon fundraiser
"Bank on Alabama" meeting coming up November 17
LEVERAGE News
November Monthly Special - Holiday cards & calendars
Pre-owned auto loans now available through Invest in America
News from You
Eunice Rogers accepts Pete Crear Lifetime Achievement Award
CFE FCU donates resources to "A Gift for Teaching"
Insight CU awarded for its "Thank You" campaign
Employment
View available credit union jobs
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LSCU Headlines

Alabama elects governor and three new members of Congress


Dr. Robert Bentley

Following last Tuesday's elections, Alabama selected a governor, Lt. governor and three new members of Congress. Dr. Robert Bentley (R), who was supported by the LSCU's Alabama State PAC, defeated Agriculture Commissioner Ron Sparks (D) in the race for governor by a very comfortable margin. Meetings with Dr. Bentley were very positive, and the LSCU foresees a good working relationship with the new governor. State Treasurer Kay Ivey (R) won a close race for Lt. Governor, which means she will lead the Senate, having defeated incumbent Lt. Governor Jim Folsom Jr. (D). Continuing the near sweep in Alabama, Republicans have taken control of the Alabama Legislature for the first time in more than 130 years. This means the Republicans will have to organize leadership positions, such as Speaker of the House, as well as all new committee chairs. These decisions will later this year.

On the federal level, in the 2nd Congressional District, Martha Roby (R) defeated incumbent Bobby Bright (D) in a very close race. In the 5th District, Mo Brooks (R) defeated Steve Raby (D) by a comfortable margin. This seat was held by Parker Griffith, who was defeated by Brooks in the June primary. Terri Sewell (D) easily won in the 7th District and replaces Rep. Artur Davis who ran unsuccessfully for the Democratic nomination for governor. The rest of Alabama’s Congressional delegation will be returning to Washington D.C. in January after having gone unchallenged in the general election or won easy races.

Rep. Spencer Bachus (R)

With the Republican control of the U.S. House of Representatives, Alabama Rep. Spencer Bachus (R-6th) is in line to become Chairman of the House Financial Services Committee. This committee is usually the one in which most legislation affecting credit unions originates, so he will hold a very important position for the League. With Democrats maintaining control of the U.S. Senate, Alabama Sen. Richard Shelby will not become Chairman of the Senate Banking Committee, although he remains the Ranking Minority Member of the committee, assuming he does not move to another committee. As the top Republican on the committee, Sen. Shelby will have greater influence than in the past years, due to the much closer margin by which Democrats control the Senate.

For questions regarding Alabama state or federal seats, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545 ext. 2137.  [ Return to Top ]

Florida elects a governor, a new cabinet and four new members of Congress

Florida's race for governor spilled over from Tuesday's elections into Wednesday, but Democratic gubernatorial candidate Alex Sink, endorsed by LSCU CUPAC Trustees, conceded making Republican Rick Scott the 45th governor of Florida. Despite a solid showing and winning nearly 48 percent of the vote, Sink fell about 53,000 votes short of Governor-elect Scott. Florida Republicans made a clean sweep of the Cabinet and garnered veto-proof majorities in both chambers of the legislature. In the state legislature, LSCU CUPAC Trustee-supported candidates won 92.4 percent of their races. LSCU CUPAC Trustees supported candidates in 17 Senate races, winning 16 of them and in 79 House races, calling 73 correctly. Of the six races in the House, five were occupied by Democratic incumbents with strong relationships to the League. Republicans now hold 28 of 40 seats in the Senate and 81 of 120 seats in the House.

For the first time in 100 years in Florida, the entire cabinet was up for election. Former Congressman Adam Putnam (R), endorsed by LSCU CUPAC Trustees, easily defeated Scott Maddox (D) to become Agriculture Commissioner, while former Senate President Jeff Atwater (R), endorsed by LSCU CUPAC Trustees, beat Loranne Ausley (D) to become the new CFO. In the race for Florida Attorney General, Pam Bondi (R), endorsed by LSCU CUPAC Trustees, defeated her challenger Dan Gelber (D).

Adam Putnam

Jeff Atwater


Pam Bondi

Despite supporting four losing members of the congressional delegation, all incumbents, (Reps. Allen Boyd, Ron Klein, Alan Grayson, and Suzanne Kosmas), the LSCU CUPAC Trustees supported three new Republican members of Congress in races for open seats (Reps. Rich Nugent, Dennis Ross and David Rivera) along with an open Democratic seat (Kendrick Meek) won by State Senator Frederica Wilson.

When it comes to leadership positions with the new Congress, Florida could be well-positioned with congressional leaders. Rep. John Mica (R) is slated to lead the Transportation Committee, Rep. Ileana Ros-Lehtinen (R) is expected to lead the Foreign Relations Committee, and Rep. Cliff Stearns (R) may make a move to chair the Energy and Commerce Committee. Should Stearns be successful, it will leave Rep. Jeff Miller as a top candidate for the House Veterans’ Affairs Committee.

For questions regarding Florida state or federal politics, contact LSCU VP, Legislative Affairs Mark Landreth at 866.231.0545 ext. 1012. 

 

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Significant change in Washington after general election
With the makeup of the 112th Congress falling into place, CUNA has analyzed the near future for credit unions and legislation in general. Foremost, more than 90 percent of credit union friendly candidates supported by CULAC won.

The divide between a Republican House and a Democratic Senate could prove to be a challenge for new legislation, but smaller items such as the potential enactment of capital reform for credit unions, could see debate, CUNA Senior Vice President of Legislative Affairs John Magill said. Magill also noted that the tone of the House should shift away from the consumer protection dynamic seen in the past two years, a move that makes further discussions of the Community Reinvestment Act, mortgage cramdown provisions, and overdraft protection legislation less likely.

Magill added that legislation that would increase the cap on member business lending done by credit unions could fit in to the House agenda if Republicans follow up on campaign promises of reducing government spending and helping small businesses create jobs. The fight for MBL legislation will continue in the upcoming lame duck session, which should begin this week, and will likely continue into the next session of Congress when it starts in January.

Congress will likely start its January work by considering tax reform and ways to tackle the federal budget deficit, and Republicans may use their newfound control of the House of Representatives to force symbolic votes to repeal the Health Care Reform law or parts of the financial reform bill. However, with President Obama wielding a veto pen, there may not be a true resolution to these votes.

The committee agenda in both branches of Congress should remain the same, at first, with Housing finance reform remaining a top priority for the House Financial Services Committee and the Senate Banking Committee. A key point in the coming debate will be the role of the federal government in the secondary mortgage market, a question with huge implications for credit unions. The recently enacted Dodd-Frank Act should also come up for discussion, as will the still developing Consumer Financial Protection Bureau, Magill said, adding that Republican-controlled House committees could seek to address the regulatory reforms in this manner, effectively working to change the enforcement of the new regulations from within instead of repealing them outright.

CUNA expects the following representatives to assume control of key House committees:

  • House Financial Services Committee Chairman: Spencer Bachus (R-Ala.)
  • House Ways and Means Committee Chairman: Dave Camp (R-Mich.)
  • House Appropriations Chairman: Jerry Lewis (R-Calif.)
  • House Judiciary Committee Chairman: Lamar Smith (R-Texas)
  • House Rules Committee Chairman: David Dreier (R-Calif.)
  • House Small Business Committee Chairman: Sam Graves (R-Mo.)
  • House Oversight Chairman: Darryl Issa (R-Calif.)

Overall, with the 2012 campaign season likely to begin soon, an ambitious legislative agenda is not expected in the near future.


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Alabama credit unions can invest in NCUA Guaranteed Notes (NGN)

The National Credit Union Administration has completed its initial offering of NCUA Guaranteed Notes (NGN 2010-R1), backed by an unconditional NCUA guaranty for timely payment of principal and interest. As a part of the corporate resolution plan, the transaction, which closed October 28th, featured two series of senior notes, each backed by a separate pool of residential mortgage backed securities.

Details of the transaction follow:

  • Senior Series I-A – $3.28 billion notes are backed primarily by senior floating rate securities and will pay a floating-rate coupon of one-month LIBOR plus .45 percent per annum, subject to a maximum note interest rate cap equal to 7.00 percent per annum.
  • Senior Series II-A – $566.5 million notes are backed primarily by fixed-rate pass-through securities and will pay a fixed-rate coupon of 1.84 percent per annum.

The Senior Notes will receive monthly payments of principal and interest from cash flows of the related underlying securities. The timely payment of principal and interest due on the notes are guaranteed by the NCUA, and that guaranty is backed by the full faith and credit of the United States.

The transaction was met with strong investor demand and was oversubscribed. Over 35 investors participated in the transaction, including credit unions, banks, broker-dealers, insurance companies, money management funds, pension funds, and government agencies. Consistent with the level of their subscriptions, credit unions received almost 10 percent of the total allocation for both series.

Barclays Capital served as the sole structuring agent and financial advisor to the NCUA on the structured sale of NCUA Guaranteed Notes (NGN 2010-R1). Purchase of the NGNs was also made available through a syndicate of co-managers and selling group members.

NGNs, backed by an unconditional NCUA guaranty for timely payment of principal and interest, carry a zero- percent risk weight in accordance with clarification the NCUA gained coordinating with the Federal Reserve Board, Office of the Comptroller of the Currency, FDIC and the Office of Thrift Supervision (federal banking agencies).

The NCUA's sale of NGNs is a key component of the recently announced Corporate System Resolution. The NCUA has been working closely with the federal banking agencies to gain clarification on the appropriate risk weight required under regulatory capital risk weighting regulations. In Alabama, the Alabama Credit Union Administration (ACUA) responded positively to LSCU inquiries about purchase permissibility stating that ACUA would not object to an Alabama state chartered credit union investing in the NGNs as currently offered because of the U S Government backing of the ABS.  Similar inquiries have been made to the Florida Department of Financial Regulation and positive results are expected but not received as yet.   

For more information regarding investing in NCUA Guaranteed Notes, click here. The risk weight clarification letter is available online by clicking here.

  [ Return to Top ]

Arizona, Colorado and Wyoming Leagues to merge

The League of Southeastern Credit Unions is becoming a model for what many leagues across the country are exploring; the merging of healthy leagues. The Arizona, Colorado and Wyoming Credit Union Leagues have signed a letter of intent to merge, possibly submitting it to their membership by early next year.

The LSCU promised a more efficient League when the Alabama and Florida Leagues merged and those efficiencies have saved nearly one million dollars in operating costs in 2010, while increasing services and products to member credit unions. The Arizona, Colorado and Wyoming Credit Union Leagues talked about efficiencies when discussing the proposed merger.

“Our members expect us to pursue ways to continue to provide them with high quality association services while looking for new ways to operate more efficiently and effectively,” said Marsha Tynsky, chairwoman of The Credit Union Association of Wyoming. “The proposed merger will provide credit unions across the three states a chance to collaborate and share opportunities that ultimately help our members.” 

The main office for the new League will be located in Denver, with regional offices in Phoenix and Casper. No timeline has been given for the merger. 

Recently the Oregon and Washington Leagues announced a merger of two healthy Leagues. They will rename the organization the Northwest Credit Union Association. It appears that more Leagues will be looking at mergers that make sense from a regionalization standpoint. 



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LSCU presents Image Campaign to two markets this week

Over the next couple of months, the LSCU will be presenting the 2011 Statewide Image Campaign to credit unions in media markets across Alabama and Florida. The presentations will include an early look at the creative direction, the fundraising formula and market research. Credit unions are strongly urged to participate in the meetings. This will give every credit union an opportunity to ask questions about the direction of the campaign, which is slated for a spring 2011 media buy. 

Tuesday November 9, the LSCU will be speaking to the Huntsville media market credit unions (Northeast and Muscle Shoals). The meeting is at 2 pm at Family Security Credit Union in Decatur, AL. Wednesday November 10, the LSCU will be speaking to credit unions in the Birmingham media market (Birmingham, Tuscaloosa and Cheaha). The meeting is at 10 am at Legacy Community FCU's headquarters. Invitations have been emailed. If you would like to attend either presentation, contact LSCU VP, Communications Mike Bridges at 866.231.0545 ext. 1022. 

The LSCU is using a new credit union logo with the tagline, "Credit Unions: we're giving banking a better name" for the campaign.

 

The creative will include TV, radio, billboard, online ads and public relations. Market research shows that the LSCU will need to raise $2.1 million to make an impact with potential members. To reach the goal in each media market, the LSCU is asking credit unions for a "fair share" contribution of $42 per million in assets. The fundraising formula will be explained in greater detail in the market meetings.

If you have any questions about the 2011 Statewide Image Campaign, email or call Mike Bridges. 



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LSCU Development Conference a big hit with attendees

For three days last week, credit unions were challenged to think differently, given an up-to-the-minute evaluation of the election, educated on a variety of topics and provided important networking time at the LSCU Development Conference in Point Clear, AL.

NCUA Region III Director Herb Yolles

The conference kicked off Wednesday with the Leadership Councils and the opening of the Exhibit Hall. More than 30 vendors interacted with 170 credit union staff and volunteers for a couple of hours. At Thursday's Opening General Session, LSCU President/CEO Patrick La Pine provided a quick snapshot of Tuesday's election. He laid out the 2011 LSCU Statewide Image Campaign and presented the results of the LSCU Member's Survey. NCUA Region III Director Herb Yolles spoke at the end of the session. He talked about the corporates saying that four of the five will act as bridge corporates. He said credit unions have 24 months to determine services. Yolles is also encouraging his examiners to communicate better during exams. He also told credit unions that they can ask for clarification from the NCUA if they feel they still have questions following an exam. 

Demographer Ken Gronbach

Thursday's afternoon General Session featured demographer Ken Gronbach. He talked about how Gen Y was the largest population in U.S. History and that credit unions have a real opportunity right now. He laid out how this new generation thinks and what they feel about the companies they associate with. Gronbach said that credit unions are the exact type of business Gen Y is looking for and that they should be marketing themselves heavily right now. Thursday concluded with the Exhibit Hall Fiesta.

In between Thursday's General Sessions, CUNA SVP of Political Affairs Richard Gose spoke at the Governmental Affairs luncheon. Gose talked in depth about the elections and how credit union-supported candidates won more than 90 percent of the races nationwide. He also spelled out the possible leadership positions and what credit union legislation is on the horizon for 2011, such as alternative capital.

Author Richard Hadden

Friday's closing General Session featured author Richard Hadden. He challenged credit unions to put their employees first during this economy. He told a story about a Scottish soldier who said that he feeds his troops first because hungry troops are no good to him. Hadden talked about how credit unions should make an employee-friendly work atmosphere and that productivity will increase. 

The education sessions were standing room only in many cases. Among the most talked about sessions were Risk Loan Net Income, Brand Camp for SAS CUs and Protecting Member Information and Your Money. 

The 2011 LSCU Development Conference will return to Point Clear, AL. Mark your calendars to attend next year November 1-4. 

  [ Return to Top ]

White House's Finance Council includes credit unions

The President's new Advisory Council on Financial Capability, created by President Obama in January, will hold its first meeting on Nov. 30.

Defense Credit Union Council President/CEO Arty Arteaga is among those taking part in the meeting. The group consists of two ex-officio Federal officials and 11 non-governmental members with experience in the areas of financial services, consumer protection, financial access, and education.

The Council will be directed by Treasury Secretary Tim Geithner. It will advise the President on how to maximize the effectiveness of existing private and public sector financial education efforts and identify new approaches to increase financial capability for all Americans. This council will complement the Consumer Financial Protection Bureau and the newly created Office of Financial Education.

The first meeting will set the agenda and goals for the next few months. 

  [ Return to Top ]

GTE's Brancucci on new CUNA housing task force

CUNA is developing its response to the potential reform of government-sponsored entities (GSE) Fannie Mae and Freddie Mac by forming a new GSE Reform Task Force.

"With the divided Congress, it is unclear how far reform of the GSEs will get," CUNA President/CEO Bill Cheney said, referring to the midterm election which resulted in a Republican majority in the House and a Democratic majority in the Senate. "However, we recognize that having a secondary market available to credit unions that make and want to sell home mortgage loans is a critical issue and CUNA wants to be involved in that discussion."
 
Policymakers have asked CUNA to provide concrete recommendations regarding the future of the GSEs. The task force, which will be chaired by Idaho Credit Union League President Alan Cameron and includes GTE FCU CEO Joe Brancucci, should provide its preliminary views on GSE reform to the U.S. Treasury by the end of this month. The Obama administration should issue its own proposal in January.
 
The group, which will report to CUNA's Governmental Affairs Committee, will be comprised of the following members:

  •     Roger Ballard - Kinecta Federal CU
  •     Brian Barkdull - American Southwest CU
  •     Jim Blake - HarborOne CU
  •     Joe Brancucci - GTE Federal CU
  •     Kirk Kodeleski - Bethpage FCU
  •     Paul Kundert - University of Wisconsin CU
  •     Nadar Moghaddam - Financial Partners CU
  •     Dennis Pierce - CommunityAmerica CU
  •     John Radebaugh - North Carolina CU League
  •     Mark Spenny - Citizens Equity First CU
  •     Rod Staatz - State Employees CU of Maryland

Jeff Bloch, CUNA senior assistant general counsel, said that the administration's approach may range from a secondary mortgage market that is completely operated by the federal government to a private market system that would not include federal guarantees. [ Return to Top ]

LSCU offices closed on Veterans Day

The LSCU's offices in Birmingham and Tallahassee will be closed Thursday November 11 in observance of Veterans Day. The offices will re-open Friday November 12 for normal business hours. 

Veterans Day was originally called Armistice Day by President Woodrow Wilson who proclaimed November 11, 1919 as a national holiday. Seven years later the U.S. Congress passed a resolution asking President Calvin Coolidge to issue another proclamation observing November 11, 1926 a national holiday. In 1938, an Act was finally passed making November 11 a federal holiday in honor of Armistice Day.

Fifteen years later a businessman in Emporia, KS asked that the holiday include all veterans. In 1954, Congress changed the holiday to include all veterans, thus it became "Veterans Day" on November 11. In 1971, the day was changed from November 11 to the fourth Monday in October. By 1978, it moved back to November 11 where it has been observed ever since. 

  [ Return to Top ]

Governmental Affairs News
New FL House and Senate members to have orientation this week

For those elected to the Florida House and Senate, it will be a hit the ground running type of week. The House and Senate will officially welcome the freshman Tuesday afternoon and Wednesday morning. The House and Senate will also hold their biennial organizational meeting Tuesday morning with the freshman in attendance. 

Among other business this week in Tallahassee, Monday the board of Citizens Property Insurance, the state-run insurance company, will hold a conference call to discuss, among other things, a measure to reduce the number of policies in its high risk account. Also, the inaugural meeting of the Gulf Coast Ecosystem Restoration Task force will occur. The board is scheduled to deliberate and send to President Obama a report on how to “fix” the Gulf of Mexico.

Coming up on Tuesday, the Florida Cabinet meets to consider several items, notably as the State Board of Administration, to reaffirm Ash Williams as executive director of the board. The Florida Elections Commission meets Tuesday and Wednesday.

State government, as well as most municipalities, counties and the federal government, will close for observance of Veteran’s Day this Thursday. [ Return to Top ]

Credit unions support Bondi on election night

L to R: Mary Wood, president/CEO, Florida West Coast CU, new Florida Attorney General Pam Bondi and Art Wood, president/CEO of Railroad and Industrial FCU, at Bondi's election night watch party.

 

[ Return to Top ]

FAIRWINDS CU board updated on LSCU Governmental Affairs

FAIRWINDS Credit Union, based in Orlando, recently held a board planning meeting in Daytona Beach, FL. Among the agenda items was an LSCU Governmental Affairs update presented by LSCU Grassroots and Political Action coordinator Justin Thames. FAIRWINDS was on briefed last week's elections, a State and Federal Legislative update, CULAC/CUPAC reports and a Grassroots and PAC fundraising update.

If your credit union would like to become more involved in PAC fundraising, contact Thames at 866.231.0545 ext. 1010 in Florida and LSCU Grassroots and Political Action coordinator Robbie Gordon at ext. 2164 in Alabama.

 

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Compliance Corner
League InfoSight highlight: Repossession and sale of collateral

This week's League InfoSight looks at repossessing collateral. Even though it's one of the most unpleasant but necessary duties a credit union has to perform, credit unions need to know what to do to protect their interest and assets. A credit union must be sure that it is legally able to repossess collateral. This process begins when the loan is made. The credit union must create a valid lien whenever it grants a secured loan. This process begins by ensuring that the promissory note and the security agreement are accurately and correctly completed and signed.

The Repossession and Sale of Collateral topic on the Bankruptcy channel of InfoSight provides the information credit unions need to remain in compliance, including:

  • Facts about the Uniform Commercial Code (UCC), Article 9, which establishes the legal structure for most commercial transactions and defines the legal rules for secured transactions
  • What a credit union must do to comply
  • What a credit union should do once a loan is in default

League InfoSight also has a reminder that comments about Mortgage Disclosures is due to the League or CUNA by November 11.

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 Schedule

Compliance Calendar

November 11
Veterans Day - Federal Holiday

November 25
Thanksgiving Day - Federal Holiday

December 1
ACH Compliance Review Deadline

December 24
Christmas Day - Federal Holiday Observed

December 31
New Year's Day - Federal Holiday Observed

Compliance Training

November 9
Indirect Lending
– NCUA Webinar
2:00 - 3:30 p.m. EST

November 16
The Examination Process Decoded: 5 Techniques Every Leader Should Know – audio conference
1:00–2:00 p.m. CT

November 17
Exam Hot Buttons: Are You Prepared? – audio conference
1:00–2:00 p.m. CT

December 9
SAFE Act - Get Ready to Comply With the Registration Requirements – Webinar
2:00–3:30 p.m. CT [ Return to Top ]

Education News
2011 Education Calendar now available

The 2011 LSCU Education Calendar at-a-glance is now available. The calendar is highlighted by the League's premier events:

  • CUNA GAC - Feb. 27 - Mar. 3
  • AL State GAC - Mar. 30 - 31
  • FL State GAC - Apr. 13 - 14
  • LSCU AC&E - June  16 - 19 
  • LSCU Supervisory Committee Conference - Jul. 31 - Aug. 3
  • LSCU Development Conference - Nov. 1 - 4

The Alabama and Florida State GACs are new for 2011. Also new to 2011, are two SAS credit union workshops, one in Florida on March 22 and one in Alabama on March 24. The calendar also has more than 80 webinars with many of them being on-demand, meaning credit unions can access them when it's convenient for them. The calendar also reflects the prices of each event so credit unions can more easily budget for them.

Click here to view and print a PDF version of the calendar. [ Return to Top ]

Last call for BSA training in 2010

For credit unions looking for one last opportunity for Bank Secrecy Act (BSA) training, the LSCU is offering a webinar course December 8. The training will go from 8:30 - 11 am CST. 

This BSA Training class is appropriate for frontline staff, lenders, officials, managers and compliance officers. The two-and-a-half hour class incorporates a Currency Transaction Report workshop in which completed forms are studied based on several common scenarios as well as a Suspicious Activity Report workshop in which a completed form is studied based on several common scenarios (focusing on narrative preparation). Just a few of the topics discussed will include: Bank Secrecy Act Program Oversight, Creation and Maintenance, Risk Assessment, Review of Currency Transaction Reports, Currency Transaction Report Exemptions, Filing Requirements, Technology and the Bank Secrecy Act plus many more areas.

The webinar will be conducted by LEVERAGE's Director, Management Consulting Services Angelic Pritchett.


[ Return to Top ]

Education Calendar
December 8, 2010
BSA Training
9:30am - 12:00pm EST- webinar [ Return to Top ]

Cooperative Initiatives News
United Way of Central Alabama is offering free training for non-profits

The United Way of Central Alabama is offering free training for non-profits, including credit unions, in Birmingham, Tuscaloosa and Huntsville over the next five months. This is a great opportunity for credit unions to get assistance in a number of areas.

The subjects include:

  • Tax Assistance and providing a VITA site - November
  • Strengthening Board Governance - February
  • Forging Collaborative Relationships and Volunteer Management - March

To register, visit the United Way of Central Alabama website. The United Way is able to offer this training through the United Way Financial Stability Partnership™ of Alabama through a federal grant from the Strengthening Communities Fund of the American Recovery and Reinvestment Act of 2009. 

For more information, contact LSCU Director, Credit Union Relations Adena Whitman at 866.231.0545 ext. 2134. 

  [ Return to Top ]

Two credit unions sign on for CMN paper icon fundraiser
Paper icons linked to a variety of seasonal themes are available as part of the Credit Unions for Kids holiday campaign to benefit Children's Miracle Network (CMN) hospitals.

The campaign allows credit unions to choose the theme that works best for their members. For example, a credit union that chooses a football-themed promotion can offer paper football icons. Other icon options include turkeys, a Christmas bulb, and snowmen.

Darden Employees Federal Credit Union in Orlando and 1st Credit Union of Gainesville, FL have already signed on to offer the icons.  

Credit union members typically purchase the seasonal icons for as little as $1, with all proceeds benefiting the CMN hospital serving the credit union's community. The paper icons can be displayed in the credit union lobby after purchase. 

Holiday campaign kits can be ordered at no cost to participating credit unions. The kits include the icons, campaign information, a donation reporting form and a pre-addressed envelope for submitting the donation. Click here to learn more about the CMN CUs for Kids Holiday Icon Campaign. [ Return to Top ]

"Bank on Alabama" meeting coming up November 17

The "Bank on Alabama" movement will hold an introductory meeting Wednesday November 17 from 10 am to 12 pm in Huntsville. Alabama A&M will host the event at its School of Engineering located at 4900 Meridian Street, Huntsville, AL 35811. According to the Center for Enterprise Development, roughly 49 percent of Alabamians are unbanked.

The "Bank on Alabama" initiative is modeled after similar programs across the country. The program looks to engage the Alabama unbanked population with the financial services industry by tailoring bank products to increase accessibility and relevancy to the unbanked market. “Bank On Alabama” also hopes to raise awareness among unbanked consumers about the benefits of transactional account ownership, as well as provide accessible quality financial education to these residents in order to make account ownership the first step to financial security and asset building.

“Bank On Alabama” is a partnership between Alabama banks, credit unions, the League of Southeastern Credit Unions, the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Bank of Atlanta, The Office of the Comptroller of the Currency, local governments and community organizations across the state aimed at bringing these “unbanked” Alabama families into the financial mainstream.

Birmingham, along with a number of Florida communities, has already begun looking at a "bank on" initiative

For more on the "bank on" movement, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545 ext. 2181. 

  [ Return to Top ]

LEVERAGE News
November Monthly Special - Holiday cards & calendars

LEVERAGE is your new resource for access to your Office Depot BSD account. All the same people, all the same great savings! Order personalized Holiday Cards and Calendars now through November 19, 2010 and save 10 percent.

Click here to view the flyer. To place an order, visit business.officedepot.com/cpd or call 1.888.2.office(888.263.3423).


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Pre-owned auto loans now available through Invest in America

Join LEVERAGE and Invest in America, for a FREE informational webinar on Thursday Nov. 18 at 2 p.m. EST where credit unions can learn more about the AutoNation Direct Pre-Owned Program and how your members can take advantage of savings, up to 15 percent below publicly published prices.  Exclusive credit union financing is required. 

To register, click- https://www2.gotomeeting.com/register/836035827.

After registration, you will receive an email with instructions to join the webinar and conference call. 

This is the perfect webinar for a credit union CEO or the management, lending staff and marketing staff for the credit union. Contact Leslie Norush, national business consultant, Invest in America with any questions: (800) 262.6285 ext. 542. [ Return to Top ]

News from You
Eunice Rogers accepts Pete Crear Lifetime Achievement Award

NRS FCU of Birmingham President
Eunice Rogers with WOCCU
President/CEO Pete Crear after
receiving the Pete Crear Lifetime
Achievement Award from the
African American Credit Union
Coalition.


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CFE FCU donates resources to "A Gift for Teaching"

CFE FCU, based in Lake Mary, FL, recently donated $20,000 to support A Gift For Teaching’s community wide PUSH for Pencils school supply drive. CFE members and employees participated in the drive, donating $1,600 for backpacks plus more than 42,000 school supply items to benefit more than 110,000 students facing hardship in the Central Florida school districts.  

This is the eighth consecutive year that CFE placed colorful blue and red containers in their branch lobbies and invited members and employees to donate school supply items. CFE also served as a drop off spot for anyone in the community who wanted to make a donation.   

“It’s all about helping the kids have the right tools to succeed,” said Joseph A. Melbourne, Jr., president/CEO of CFE.  “I am deeply grateful to our members and employees who have donated and made a positive difference even in these difficult financial times.”

In further support of the community-wide PUSH campaign, CFE personnel volunteered their time by taking calls live on air at the WKMG, Channel 6 fund raising telethon held during the early morning and late afternoon news programs. Suzanne Dusch, CFE’s vice president of marketing, was interviewed during the morning news show.  She reached out to the community, urging other businesses to support education by joining the campaign.

Jane Thompson, president of A Gift for Teaching, said, “CFE has always been an outstanding business partner. This year, the supplies collected at their branches will ensure that AGFT will be able to stock its shelves during crucial times throughout the school year.”

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Insight CU awarded for its "Thank You" campaign

Insight Credit Union, based in Orlando, was recently honored by the Credit Union Executive Society with a second place Golden Mirror Award in the Direct Marketing/Mail Series category.

Insight was recognized for its "Thank You" campaign that celebrated the grand re-opening of the Downtown-Orlando branch. The campaign was designed to showcase a new drive-thru teller technology and introduce members to new employees. The campaign concluded with a “thanksgiving” dinner for the members and employees of the Downtown-Orlando branch.

The CUES Golden Mirror Awards annually recognize the credit union industry’s most creative and results-producing marketing efforts.

From L to R: Melissa Boyink, Marketing Executive;  Kristy Moist, Chief Communications Officer; Donnie Adamczyk, Public Relations Executive; Heather Bumgardner, Marketing Executive; Julie Gagliano, Marketing Director

 

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