LSCU eSignal Weekly
LSCU eNews Weekly November 22, 2010
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LSCU eNews Weekly
In This Issue
LSCU Headlines
2011 NCUA assessments expected to be between 20-35 basis points
NCUA board approves a budget with a $24 million increase
The LSCU room block for the CUNA GAC will close Dec. 7
Region III League presidents meet with NCUA Director Herb Yolles
LSCU Member Survey shows league focused on right areas
The first town hall meetings with CUNA's Cheney quickly approaching
Children's Miracle Network spends a week at Disney
Governmental Affairs News
Florida round-up: The Republicans are coming with an aggressive agenda for next two years
Compliance Corner
League InfoSight highlight: Q&A on indirect lending and risk-based pricing notice
League InfoSight has video tutorials
LSCU video chat: NCUA Region III Director Herb Yolles
Compliance Calendar and Training Schedule
Cooperative Initiatives News
Alabama Asset Building Coalition conference to discuss wealth building
National Credit Union Foundation launches monthly giving option
Three weeks remain in REAL Member Solutions video contest
Education News
Check out the 2011 Education Calendar for learning opportunities for YOUR credit union
Don't miss the LSCU's last BSA training webinar of the year!
Education Calendar
LEVERAGE News
Sprint to additional revenue by Dec. 1
Generating smiles one gift card at a time
LEVERAGE new partner offers debt collection for non-sufficient funded accounts
News from You
America's First FCU CEO David Adcock to retire in 2011
Central Florida Chapter of Credit Unions present $10,000 CUPAC donation
Alabama Telco partners with March of Dimes to raise more than $287,000 for Blue Jeans for Babies
SunState FCU partners with Helping Hands program
Pen Air FCU assists USO with Thanksgiving turkeys for troops
Employment
View available credit union jobs
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LSCU Headlines

2011 NCUA assessments expected to be between 20-35 basis points

The NCUA announced after its Nov. 18 board meeting that credit unions should expect a 20-35 basis points worth of additional assessments in 2011. The breakdown of the assessments to shore up the NCUSIF will likely be between 0 basis points and 10 basis points. For some perspective, the premium this year was 13.4 basis points.

The assessment to repay part of the Treasury Department’s loan to the Temporary Corporate Credit Union Stabilization Fund will likely be between 20 and 25 basis points. Again for perspective, credit unions were asked this year to pay 12.4 basis points.

The assessments are expected to cost between $1.5 and $2.7 billion in 2011. The NCUSIF premium is based on variables that include insured share growth, investment income, insurance loss expense, and the NCUSIF equity level. The Stabilization Fund considers borrowed funds, cash flows, and affordability. The actual assessment amount will most likely be announced in the second quarter of next year. [ Return to Top ]

NCUA board approves a budget with a $24 million increase

The NCUA board presented an operating budget at its Nov. 18 meeting. The $225.4 million budget included an increase of 12 percent or $24.5 million for 78 new positions and program adjustments that will ensure the success of the NCUA's safety and soundness mission. Included in the new positions will be the addition of 60 field examiners across the regions.

The increased field staff will also help incorporate more frequent onsite contact for all federal credit unions. The $24.5 million increase is split between baseline changes and program changes. Baseline changes, which total $14.3 million, represent funds needed to maintain the agency’s current level of services. Program changes, which total $10.2 million, represent program initiatives. An approved $2.5 million capital budget includes $1.3 million primarily for maintaining information systems and $1.2 million for ongoing renovation to the agency’s 18-year old headquarters. [ Return to Top ]

The LSCU room block for the CUNA GAC will close Dec. 7

The deadline is quickly approaching to secure a room at the LSCU host hotel for the 2011 CUNA GAC in Washington D.C. Credit unions need to book the room by the Dec. 7 deadline. 

The LSCU's host hotel is the Grand Hyatt Washington. The Hyatt is a short distance from the Washington Convention Center which is the conference location.

Alabama and Florida credit unions can make reservations within the LSCU block by clicking here. Select “Hotel Search for League Blocks,” choose your state from the pull down box, enter the password Purple2011 in the box (password is case sensitive), and make reservations according to your schedule.

CUNA’s schedule has been 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. The latest political, legislative, and Hill visit information will be disseminated during the hospitality time. All of the LSCU activities may be found on the League's CUNA GAC Resources page.

The agenda is beginning to take shape. Click here to see the first set of speakers and the tentative schedule. The first announced speakers are Chesley B. "Sully" Sullenberger, the Captain of US Airways Flight 1459 that landed in the Hudson River; "Game Change" authors Mark Halperin and John Heilemann; Mary Matalin; and Arrianna Huffington. Matalin and Huffington will give opposing points from the right and left. Three Dog Night will provide opening night entertainment.

If you have any questions, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545 ext. 2137 or VP, Legislative Affairs Mark Landreth at ext. 1012. [ Return to Top ]

Region III League presidents meet with NCUA Director Herb Yolles

In an ongoing effort to improve the working relationship between Region III credit unions and federal regulators, League Presidents from throughout region met with senior officials from the National Credit Union Administration (NCUA) in Atlanta. The roundtable discussion touched on current issues and events important to credit unions. 

The adjustments to how the NCUA approaches the examination process was one of the first issues addressed along with a discussion of how the leagues and NCUA can work more cooperatively during the implementation of the heightened regulatory enforcement approach. The NCUA will be adding 60 new examiners in 2011 and will operate with a heightened sense of urgency due to current economic difficulties faced by credit unions. This new urgency will result in increased credit union response obligations and shorter timelines for action. League presidents were pleased overall with the new manpower and training efforts by NCUA. LSCU President/CEO Patrick La Pine was encouraged by the steps and offered league assistance during the examiner training orientation period. 

"The LSCU has made an effort to meet more with the NCUA to keep an open dialogue about credit union issues," said La Pine. "We've had Herb Yolles at a couple of our events and gone to Atlanta a few times to meet. It's good to continue to communicate with him and also let credit unions know he understands our concerns."

Yolles told the leagues that he is asking his examiners to be better communicators. He also says if credit unions are not satisfied with their exams, they should “proceed to the next level of NCUA management for discussions of the issues there.” Yolles added that such a step is not unique or discouraged within the agency. He also said that NCUA personnel were ready and willing to speak at credit union gatherings within Region III.  

Other topics discussed were the implementation of the Dodd-Frank bill, indirect and member business lending, and interest rate risk. A complete summary of the meeting can be found by visiting the XXX. 

League presidents in attendance included La Pine. Mike Mercer, Georgia; John McKenzie, Indiana; Charles Elliott, Mississippi; John Radabaugh, North Carolina; and Steve Fowler, South Carolina. Herb Yolles, region III director; Timothy Hornbrook, associate regional operations director; and Dave Hibshman, associate regional program director represented the NCUA.

The LSCU will continue to work with regulators on credit unions behalf.  If you have any questions regarding this meeting, contact LSCU VP, Regulatory Affairs Bill Berg  at 866.231.0545 ext. 1028 or Director, Compliance Scott Morris at ext. 2165. [ Return to Top ]

LSCU Member Survey shows league focused on right areas

This past June, the LSCU conducted a Member’s Survey to gauge how the new League was meeting the needs of member credit unions. The results were clear: the LSCU is on the right track following through on its commitment to run a more efficient and effective trade association focused on Advocacy and Information.

According to the results of the survey, which was conducted only six months after consolidation, 87 percent of member credit unions are satisfied with the new League. When asked if the League understands credit unions’ needs, 88 percent agreed. Plus, three out of four credit unions said they receive a good value for their dues dollars, showing that the League is focused on the right areas.

Breaking the numbers down by asset size shows the League is reaching a wide range of credit unions: 100 percent in the $35-$100 million category is satisfied with the League, while 90 percent of SAS credit unions ($35 million and under) and 92 percent of large credit unions are satisfied with the League. Credit unions were asked if their satisfaction level increased and 88 percent indicated their satisfaction level improved or stayed the same from the previous league (either the ACUL or the FCUL). When broken down by asset size, 96 percent of large credit unions and 93 percent of credit unions in the $35-$100 million category increased or maintained their satisfaction with the LSCU.

This survey was conducted three months after LEVERAGE, the League Service Corp., debuted. Eighty percent of credit unions felt LEVERAGE solutions provide value to them, while 82 percent said LEVERAGE products meet their needs. Overwhelmingly, 90 percent of credit unions indicated they looked to LEVERAGE when shopping for a new product or service.

Looking at results from individual LSCU departments shows that credit unions are seeing improved communications, more educational opportunities, and more accessible information. Credit unions rated Governmental Affairs anywhere from 88 to 94 percent on lobbying, keeping credit unions informed of new regulations, and showing the importance of grassroots lobbying advocacy.

The LSCU education training is being utilized by more credit unions. The survey shows that the LSCU is second to CUNA when it comes to educating staff. Seventy-nine percent of credit unions in the $35-$100 million responded that the LSCU meets their needs for training, while 75 percent of SAS credit unions training needs are met. Plus, the survey shows that 55 percent preferred the Annual Convention and Exposition (AC&E) in Orlando.

Credit unions are appreciating the LSCU’s open lines of communications. Ninety-four percent  feel the LSCU keeps them well informed and that breaks down to 97 percent of SAS credit unions and 96 percent of large credit unions. While overall, 90 percent felt the LSCU effectively communicates to credit unions.

Other key results:
  • 96 percent believe League staff is professional
  • 93 percent of staff is knowledgeable
  • 89 percent of staff is responsive

If you have any questions about the survey, contact LSCU VP of Communications Mike Bridges at 866.231.0545 ext. 1022. [ Return to Top ]

The first town hall meetings with CUNA's Cheney quickly approaching

The LSCU has seven town hall meetings for credit unions in Alabama and Florida for December and January. The town hall meetings give credit unions an opportunity to meet with CUNA President/CEO Bill Cheney. This will be a time to get to know Cheney, hear CUNA's vision for the future, and also hear from LSCU President/CEO Patrick La Pine. The first visits will be December 1 in Alabama and December 2 in Florida. A second round of visits will take place in Florida on January 13 and 14.

Each town hall meeting is a separate event. Be sure to register for the one that is most convenient for you so the LSCU will have a good idea of how many to expect. Registration is simple: your name, credit union, phone, and email. Click on an event below to register.

Times and locations for the December meetings:

Alabama:

Dec. 1,  9:00 - 10:30 am CST:  Redstone FCU, Huntsville, AL
Dec. 1,  1:30 - 3:00 pm CST:  America's First FCU, Birmingham, AL

Florida:

Dec. 2,  8:30 - 10:00 am EST:  GTE FCU, Tampa, FL
Dec. 2,  1:00 - 2:30 pm EST:   CFE CU, Orlando, FL

Times and dates for the January meetings:

Florida:

Jan. 13,  11:00 - 12:30 pm CST:  Pen Air FCU, Pensacola, FL
Jan. 13,  5:00 - 6:30 pm EST:  Florida Commerce CU, Tallahassee, FL
Jan. 14, 1:00 - 2:30 pm EST:  BrightStar Credit Union, Ft. Lauderdale, FL

Contact LSCU Executive Assistant to the President Teresa Gray at 866.231.0545 ext. 2110 with any questions or for more information [ Return to Top ]

Children's Miracle Network spends a week at Disney

LSCU President/CEO Patrick La Pine with 14-year-old LIndsey from Alabama

The Children's Miracle Network recently brought 67 kids to Walt Disney World in Orlando for a week of fun and celebrations. The children that attended are known as “Champions” because they have all overcome severe medical challenges. Each child is treated at a Children’s Miracle Network hospital which is in turn supported by sponsors such as credit unions.

LSCU President/CEO Patrick La Pine, a member of the Credit Unions for Kids board, attended the week-long celebration at Disney where he attended meetings about ways to fundraise while also spending time with the kids. La Pine met 14-year-old Lindsey from Alabama. At age four, Lindsey's eye sight began to fade. After being diagnosed with a rare form of  cancer, Lindsey began aggressive treatments of radiation in the mornings and chemotherapy in the afternoons. Doctors found her cancer hidden behind her sinus cavity and it was pressing on her optic nerves. While Lindsey lost her vision, her cancer has been in remission for eight years and she remains active in ballet and tap while also enjoying many musical instruments. She was treated at the Children's Hospital of Alabama. 

If your credit union would like more information on CMN fundraising, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545 ext. 2181. [ Return to Top ]

Governmental Affairs News
Florida round-up: The Republicans are coming with an aggressive agenda for next two years

The Republican veto-proof Legislature set the stage for an aggressive agenda for the next two years last week in Florida. Lawmakers held a three-hour special session Tuesday where they overrode seven vetoes by lame-duck Gov. Charlie Crist. Many saw the special session as a reminder of how far Crist has fallen after abandoning the GOP to run as an independent in the U.S. Senate race. Top Republicans insisted that the veto overrides were about "good public policy."

Lawmakers did do one thing Crist wanted, they approved spending $31.4 million on rebates for solar energy systems and energy-efficient air conditioning units that the governor wanted approved earlier this year. Gov. Crist wasted little time and quickly signed the spending measure into law a day after it was approved.

Also on Tuesday, both Sen. Mike Haridopolos and Rep. Dean Cannon were sworn in as leaders of both chambers and each wasted little time in laying out their plans. Haridopolos vowed he would not raise taxes during his term, while Cannon leveled harsh criticism at the federal government as well as the Florida Supreme Court because the high court tossed legislative amendments off the 2010 ballot. Haridopolos said this week that he also planned to bring back the Taxpayer Bill of Rights during next session. In addition, he and Cannon laid the groundwork for a proposed overhaul of Medicaid.

Governor-elect Rick Scott had his hands full with transition team appointments and plans for an inauguration celebration. He named transition directors, an economic advisory council, leaders of his inaugural committee, and two additional transition teams that will deal with law enforcement, corrections, emergency management, as well as health care services. His campaign also released a plan to hold 12 events throughout Tallahassee on Jan. 3 and Jan. 4, including a candlelight dinner with donors and an inaugural ball.

Part of the mission given to both of the new transition teams is to help Scott "reduce the size of government" when he is sworn into office in January. Scott, during his campaign, promised to slash government spending in order to free up money that can be used to pay for cuts in property taxes and the eventual elimination of the corporate income tax. The teams are also charged with looking at "innovative ideas from the private sector" and "cost saving opportunities." [ Return to Top ]

Compliance Corner
League InfoSight highlight: Q&A on indirect lending and risk-based pricing notice

Indirect lending provides some challenges for credit unions. One challenge is the risk-based pricing notice. The newsletter looks at who is responsible for the notice, the auto dealer or the credit union. This can be tricky sometimes when a third party is involved. InfoSight has the answer. There is also a question in the newsletter about the SAFE Act and whether a mortgage loan originator needs to be fingerprinted every three years.

Readers of InfoSight are asked to take a short survey to help future improvements to the website, newsletter, and model policies which will provide valuable feedback. 

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 ]

League InfoSight has video tutorials

League InfoSight has two tutorial videos available for credit unions to help them better understand this rich compliance resource. The first video explains League InfoSight and what it has to offer; the second explains the League InfoSight channels and how to best utilize them.

The videos should play straight from the League InfoSight website right on your computer. If you have trouble watching the videos, update your flash player. If you still have trouble, contact LSCU VP, Communications Mike Bridges at 866.231.0545 ext. 1022.  [ Return to Top ]

LSCU video chat: NCUA Region III Director Herb Yolles

The NCUA has put on a full court press the past couple of months to get information about the Corporate Stabilization Plan to credit unions. That includes a series of DVDs and Town Hall meetings across the country. NCUA Region III Director Herb Yolles spoke at the LSCU Development Conference and informed credit unions about the most up-to-date information about the corporates. He also said the NCUA is asking its examiners to communicate better with credit unions.

Watch a short video of Yolles' interview with LSCU VP, Communications Mike Bridges, by visiting the LSCU Video Center. The video will stream right from your desktop. If you have any problems, contact Bridges at 866.231.0545 ext. 1022. There are also many other videos to watch including a discussion about the elections with CUNA SVP, Political Affairs Richard Gose. [ Return to Top ]

Compliance Calendar and Training Schedule

Compliance Calendar

November 25
Thanksgiving Day - Federal Holiday

December 1
ACH Compliance Review Deadline

December 25
Christmas Day - Federal Holiday

December 31
NCUA Regulation Part 716 - Model Privacy Notices - Effective Date

January 1
New Year's Day - Federal Holiday

FACT Act: Risk Based Pricing Rule Effective Date

HOEPA Disclosure Trigger Amount changes to $592.00

Truth in Lending, Mortgage Loan Rules - Sale/Transfer of Mortgage

FACT Act Risk-based pricing notices (Regulation V) Effective Date

Regulation Z (TILA) Final rule for disclosures under Helping Families Save Their Homes Act Effective

Compliance Training

December 9
SAFE Act - Get Ready to Comply With the Registration Requirements
– webinar
2:00–3:30 p.m. CST

February 16
Pressing Credit Union Compliance Issues – audio conference
1:00–2:30 p.m. CST

  [ Return to Top ]

Cooperative Initiatives News
Alabama Asset Building Coalition conference to discuss wealth building

You are invited to the Alabama Asset Building Coalition's (AABC) Western Regional Asset Building Conference and Awards Luncheon Dec. 2, 2010, from 8:30 a.m. to 1:30 p.m. at the City of Livingston Community Center, 201 Church Street, Livingston, Alabama 35470

The AABC is a statewide collaborative promoting financial stability for individuals and families. By encouraging savings, financial education, and other wealth building programs, the coalition strives to build an economic foundation that will allow the underserved residents in Alabama to reach their highest potential and strengthen their financial future. The AABC is comprised of nonprofits, community action and community development agencies, United Ways, federal and state government and banking regulatory agencies along with other financial institutions that have joined together to achieve shared goals and objectives for the citizens of Alabama.

The conference includes a panel of experts who will discuss the wealth building needs of the Alabama Black Belt and potential strategies. Also on the agenda will be proposed asset building legislation on a national and state level and information about asset building programs that are working in Alabama communities. In addition, attendees will learn about the exciting innovative wealth building strategies that AABC will be initiating in communities all over Alabama and learn how you can get more involved.

There is no cost to attend the conference, but because of limited seating, you must register in advance by completing the registration form and faxing it to 205.836.2942 or scanning it to mmilner90@aol.com. The deadline for registration is November 25, 2010. If you have additional questions, contact AABC Executive Director Michael E. Milner at 205.833.7270 or 205.602.9805. [ Return to Top ]

National Credit Union Foundation launches monthly giving option

The National Credit Union Foundation (NCUF) recently launched a monthly giving option for donors. The monthly gifts can be made from either a checking account or debit/credit card.

“We wanted to make it as easy as possible for people to support our critical programs and grants,” said Bucky Sebastian, NCUF Executive Director. “Once they fill out a quick form, donors can continually help consumers reach financial freedom in a convenient way. It’s a low maintenance way of giving with a high impact.”

Eighty cents of every dollar goes to support the Foundation’s strategic programs and grants, which help credit unions provide widespread financial education, create greater access to affordable financial services, and empower more consumers to save, build assets, and own homes. NCUF programs and grants include:

  • REAL Solutions® – helping credit unions offer services that have proven successful for people of modest means and "low wealth."
  • Credit Union Development EducationPreserving credit unions’ uniqueness through training in credit union philosophy and cooperative principles.
  • Financial Education – sponsoring Biz Kid$, the award-winning financial education series on PBS stations underwritten by America’s credit unions.
  • CUAid (www.cuaid.coop) – raising disaster relief funds for credit union employees, volunteers and members.
  • Innovation Grants – encouraging credit union innovations through grant-making.

Visit the NCUF website for the Monthly Giving Form.



[ Return to Top ]

Three weeks remain in REAL Member Solutions video contest

The National Credit Union Foundation (NCUF) continues to ask credit unions to submit member testimonial videos. This is the second year for the contest, which highlights the work of credit unions in members' lives. This is an opportunity for credit unions to show the unique ways they help their members get out of debt, back on their feet and working toward building wealth.

The contest rules are below:

  • Contest runs: July 15 – Dec. 10, 2010
  • Eligibility: Must be a participating credit union league and credit union in the REAL Solutions® program
  • Submissions: Video only – maximum length: 3 minutes
  • Grand Prize Entry: The grand prize-winning entry will earn a free trip to Washington, DC for the featured member, one representative from the credit union and state league to share the stage at a VIP event as guests of the NCUF. In addition, the member will receive a savings account deposit of $500.
  • 2nd Place Winners: The featured member, in up to four winning entries, will receive a savings account deposit of $250 and have their videos, along with the grand prize entry, promoted nationally.

For more information on the details and rules of the contest, visit the rules page or download the REAL Member Solutions Video Contest Guide (2-page pdf).

Occasionally, gathering member stories and testimonials can be challenging. To help some credit unions overcome these issues, REAL Solutions and NCUF have put together Gathering Member Testimonials: A REAL Solutions Guide (also includes sample Authorization and Publicity Consent forms).

For more information on the contest, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545 ext. 2181.

[ Return to Top ]

Education News
Check out the 2011 Education Calendar for learning opportunities for YOUR credit union

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 ]

Don't miss the LSCU's last BSA training webinar of the year!

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

Wednesday, December 8
BSA Training
9:30am - 12:00 p.m. EST - webinar

2011

Wednesday, January 5
Form 1099 Reporting
3:00 p.m. - 4:30 p.m. EST - webinar

Thursday, January 6
Business Continuity Planning for CUs
3:00
p.m. - 4:30 p.m. EST - webinar

Tuesday, January 11 2011
Fundamentals of SBA Lending
3:00
p.m. - 4:30 p.m. EST - webinar

Wednesday, January 12
IRA & HSA Annual Review & Update
3:00
p.m. - 4:30 p.m. EST - webinar [ Return to Top ]

LEVERAGE News
Sprint to additional revenue by Dec. 1

Before Dasher, Dancer, Prancer, and Vixen fly to your members' rooftops, be sure you’re providing savings to your members. Your credit union is still eligible for a marketing incentive for up to 75 percent by signing up for the Sprint Program. With no time intensive training required, this easy-to-implement program allows you to sit back while the additional revenue sprints through the door. At no cost to the credit union, members and employees receive a 10-percent savings off their monthly recurring charges and the credit union is provided with free marketing materials to make the program a success.

Be sure you sprint ahead by Dec. 1 to ensure your eligibility to receive up to 75 percent of your marketing incentive potential for 2011. For more information and eligibility details, email consult@myleverage.com or call 866.231.0545 ext. 1144. [ Return to Top ]

Generating smiles one gift card at a time

With only two to three weeks to set up the program, now is the perfect time to ensure your credit union has the Visa Gift Card Program ready for the holidays. Not only will this additional service have your members thankful for the one-stop shop, but the program provides additional income-earning opportunities and has low implementation costs for your credit union.

Members have more than 25 different card designs to choose from with immediate activation through a simple web-based application. Additional services include the ability to track purchases and check balances online. This is a holiday gift your members will sing about til the New Year!

For more information, click here to contact a LEVERAGE Business Development Consultant. [ Return to Top ]

LEVERAGE new partner offers debt collection for non-sufficient funded accounts

Green Flag Profit Recovery is a national program that assists credit unions with debt collection on non-sufficient funded accounts. They have a system with proven industry-leading results including $2.4 billion recovered over the last five years. Green Flag has 60,000 clients and a 45 percent recovery rate at a cost of less than four cents per dollar recovered.

With proven results and their dedicated service, Green Flag has gained the trust and confidence from their diverse set of clients. The diversity in their clientele has proven Green Flag’s ability to create services specifically to the clients needs. Credit unions will find this service essential to saving them time and money.

For more information, click here to contact a LEVERAGE business consultant. [ Return to Top ]

News from You
America's First FCU CEO David Adcock to retire in 2011

America's First President/CEO David Adcock

After 38 years with America's First FCU in Birmingham, President/CEO David Adcock announced he is retiring March 1, 2011. When Adcock took over as CEO in 1996, America's First had $312 million in assets. Today, America's First is one of the largest credit unions in Alabama. 

During his career, Adcock served on many local and national committees and boards including the Alert ATM network, CU VOTE, CUNA Community Credit Union Committee and the Credit Union Coalition of Alabama. He was appointed to the Black Belt Action Committee by Governor Bob Riley in 2005.

"Over the past 38 years, I've seen the credit union undergo a dynamic transformation and witnessed a major milestone in our company's history. It has been extremely gratifying to have been part of the growth and success of America's First," said Adcock. 

America's First board of directors selected William (Bill) J. Connor, current Executive Vice President and Chief Financial Officer, to succeed Adcock as the company’s President/CEO.

America's First EVP/CFO Bill Connor

Connor has 30 years of experience with America’s First. Connor joined America’s First in 1980 and moved up the ranks to take on a number of leadership positions within the company. In 1996, he was named EVP/CFO. He is a member of the Credit Union Executives Society and the CUNA CFO Council as well as a graduate of the Credit Union National Association’s CEO Institute. Connor also serves as a Trustee for the Birmingham Business Alliance.

“Bill has been an exemplary leader,” said Douglas Meadows, chairman of the America’s First board of directors. “His forward looking strategic vision and leadership have set the stage for continued success and growth for America’s First. Bill’s experience and expertise in operational, organizational and strategic planning make him a natural choice as successor to the position.” [ Return to Top ]

Central Florida Chapter of Credit Unions present $10,000 CUPAC donation

Last Wednesday, the Central Florida Chapter of Credit Unions presented CUPAC a check for $10,000 for political action use to support the credit union movement. The Central Florida Chapter of Credit Unions raised these funds through its annual Central Florida Championship Golf Tournament. Jeanie Henson from the League of Southeastern Credit Unions accepted the check on behalf of CUPAC.

From l to r: CFCCU Board of Directors Donnie Adamczyk, Jason Mizrahi, Scott Lawler, Eddie Sanabria, Steve Plotkin, Jeanie Henson (LSCU), Charlie Lai, Stacey Forget, and Gary Wahlgren. [ Return to Top ]

Alabama Telco partners with March of Dimes to raise more than $287,000 for Blue Jeans for Babies

Alabama Telco Credit Union has raised more than $287,000 for this year’s March of Dimes' Blue Jeans for Babies event. The event was held November 12 and gave organizations and individuals in Alabama an opportunity to wear a Blue Jeans for Babies T-shirt along with jeans or khakis to work.

Alabama Telco employees (pictured right) participated in the event and sold more than 800 T-shirts. By purchasing a T-shirt, participants not only showed their support for the March of Dimes’ fight in improving the health of babies and preventing premature birth, but they also showed how much they care about local families and babies. In addition, this year’s event and T-shirts focused on team spirit for the two biggest colleges in the state. Participants wore a baby elephant or baby tiger to show their support for the March of Dimes and their college team of choice.

“It has been a truly amazing experience to see Telco’s dedication to this worthwhile cause. It has been even more rewarding to see how well our efforts paid off. We hope we not only raised funds but awareness of premature birth and all the wonderful things The March of Dimes is doing to prevent it,” states Stanton Davis, Alabama Telco’s Vice President of Marketing. [ Return to Top ]

SunState FCU partners with Helping Hands program

SunState FCU, based in Gainesville, recently held a training and team building exercise where 99 credit union participants helped assemble 33 prosthetic hands for the Credit Union Helping Hands program. This is a national program.

SunState CEO Jim Woodward said the exercise was “a huge win-win; probably the best team building exercise we’ve ever done; and in doing it, we attained the additional pleasure of helping someone else.”

The prosthetic hands built by SunState FCU staff will be distributed and fitted globally at no cost to recipients through Odyssey Teams, Inc. and Rotary International. Photos of each assembly team will accompany the hand to its final destination, where lives will be positively impacted by the power of this innovative event.

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Pen Air FCU assists USO with Thanksgiving turkeys for troops

Pen Air FCU generously contributed $500 for supplies and more than 65 12- to 16-pound turkeys to the USO. Heidi Blair, USO Center Director, explains, “Without the support from individuals and businesses like Pen Air Federal Credit Union, we simply could not keep up with the needs of those we serve and who serve us.”


Presenting turkeys and donation to local sailors stationed at NAS Pensacola are, from left to right: AVP/Military Liaison John Ochs, EVP/CFO David Tuyo, CEO Ron Fields and EVP/COO Carroll Scarborough.

USO Program Manager, Kathy Karsten, was present during the turkey delivery and had these words to share, “I am overwhelmed by the generosity of Pen Air Federal Credit Union and how quickly they have come to our aide in ensuring our troops get a proper Thanksgiving meal.”

The USO is a non-profit organization with a mission to support the active military serving our country. The local Pensacola USO is set up at the Pensacola Regional Airport with space to receive and send on active military and now at their new facility onboard NAS Pensacola.

“The USO has always been there for our military, and Pen Air Federal Credit Union is proud to be able to be there for the USO – if you support our military, you should support your local USO,” said Pen Air FCU President/CEO Ron Fields.  “We are honored to be able to help the USO any way we can to make the lives of our service men and women whether at home or abroad better.” [ Return to Top ]

Employment
View available credit union jobs

Visit the LSCU CU Job Center to view the available jobs. If you would like to submit a job, visit the job listing section of the Job Center. [ Return to Top ]

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