LSCU eSignal Weekly
LSCU eNews Weekly November 29, 2010
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LSCU eNews Weekly
In This Issue
LSCU Headlines
LEVERAGE's Dennis Lee passes away Thanksgiving Day
Free Reg Z audio conference available from CUNA and CUNA Mutual
Credit unions asked to comment on new Reg Z proposals
LSCU town hall meetings with CUNA's Cheney begin this week
NCUA open to suggestions on corporate assessments for 2011
Credit unions have one week to secure CUNA GAC room with LSCU block
Two new appointments to the LSC board
Corporate America buys Constitution Corporate CUSO
Gary Michael Wolter Trust Fund set up APCO Credit Union
Two new videos available from LSCU
Governmental Affairs News
Florida round-up; Administration transition beginning
Lame Duck session begins on Capitol Hill
Compliance Corner
League InfoSight highlight: InfoSight user survey
League InfoSight provides video tutorials
Compliance Calendar and Training Schedule
Cooperative Initiatives News
Alabama Asset Building Coalition conference to discuss wealth building
Free FDIC's Alliance for Economic Inclusion event in Mobile December 9
REAL Member Solutions video contest runs for two more weeks
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
Implement a gift card program today to deliver member benefits
Still time to get Sprint revenue for your credit union
News from You
Community First employee receives high honor
Congratulations to Gulf States Credit Union celebrating its 50 year anniversary
Alabama Telco letting consumers know how to spend wisely this Christmas
Insight Credit Union delivers food to Russell Home for Atypical Children
Employment
View available credit union jobs
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LSCU Headlines

LEVERAGE's Dennis Lee passes away Thanksgiving Day
LEVERAGE Business Development Consultant Dennis Lee, 48,  passed away Thursday afternoon after becoming ill while mowing the grass. His brother believes Dennis had a heart attack. This is a tremendous personal loss to the LSCU and LEVERAGE. Dennis worked out of the Birmingham office.

As a University of Alabama graduate, Dennis had a passion for the Crimson Tide and fishing. He was a credit union advocate working at the League for two years, and previously spending eight years at EPL and one year at Mutual Savings CU in Birmingham. 

The viewing for Dennis will be Monday Nov. 29 from 6 - 8 pm at the Ridout's Trussville Chapel at 1500 Gadsden Rd, Birmingham. The phone number is 205.655.2173. The funeral service will be at the same location at 3 pm on Tuesday Nov. 30, with his burial immediately after at Jefferson Memorial Gardens (located just across the street). [ Return to Top ]

Free Reg Z audio conference available from CUNA and CUNA Mutual

The Federal Reserve Board (FRB) recently issued a comprehensive proposal with Reg Z and the Truth in Lending Act, that includes imposing new consumer disclosures for credit life insurance, credit disability insurance and debt cancellation/debt suspension (including guaranteed asset protection) products. These disclosures go well beyond ensuring that consumers are informed about these products; the proposed disclosures cast them in a strictly negative light and strongly discourage the purchase of these products.

If enacted, the disclosure language will have a significant negative impact on the entire credit union industry, especially members. According to industry data, consumers have received an estimated $2 billion in benefits from credit insurance products over the past five years.

CUNA and CUNA Mutual Group are working together to mobilize the credit union industry and fight for disclosures that are fair, accurate and in the consumer's best interest.

The free audio conference is coming up Dec. 8 from 1 - 2pm CST. Each registration is one phone line, so credit unions can have multiple people listen to the call. To register, click here.

CUNA Mutual and CUNA are also asking credit unions to write a comment letter to the Federal Reserve Board on this proposal. The comment period ends Dec. 23. Visit the CUNA Mutual Reg Z Disclosure Advocacy Project page for more on how credit unions can have their voice heard. See story below for more on how you can submit a comment letter.  [ Return to Top ]

Credit unions asked to comment on new Reg Z proposals

The Federal Reserve Board (Fed) has issued a proposal that would require additional consumer protections and disclosures for mortgage loans. This is the second phase of the Fed’s review of the mortgage lending rules under Regulation Z, the Truth in Lending Act (TILA).

The parts of the proposed Regulation Z changes that have caused the greatest concern in the credit union industry are the new disclosure rules for credit insurance and debt cancellation. With some of the constrains that have been placed on credit union operations this year such as the opt-in requirements for overdraft programs and the ongoing NCUA assessments, the changes on credit life and debt cancellation will have a negative impact on fee income which has caused concern by many credit unions.

  • Revising the disclosure rules for credit insurance and debt cancellation and suspension products. This would require the disclosure of the maximum premium or charge per period; the maximum benefit amount, along with a statement that the borrower will be responsible for the balance above the maximum benefit amount; that the cost depends on the balance or interest rate, if applicable; and information about the Fed’s website that provides information about these products. The proposal also includes changes with regard to the disclosure of eligibility requirements that were proposed last year and the disclosure to the borrower that the product may not be necessary and that the borrower may not receive benefits even if you buy this product. For the eligibility requirements, this would include additional statements as to the time period and age limit for coverage and this would allow lenders to make the eligibility determinations prior to the time of enrollment. These disclosures must be in at least 10-point type size and consistent with the model forms and sample language provided in the proposal. Also, if these disclosures are provided early, the lender must then redisclose the maximum premium or charge per period if this is different at the time of the loan closing

The LSCU would like credit unions to submit comments on the new proposals. The comments are due by December 23, 2010. Please submit comments to the LSCU by December 9, 2010. If commenting directly to the Fed, you must refer to Docket No. R-1390 and use the information below:

Ms. Jennifer J. Johnson
Secretary,
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, NW
Washington, DC 20551
regs.comments@federalreserve.gov

There are a number of ways to get your comments to the LSCU: fax your responses to 850.558.1029; e-mail or call LSCU VP, Regulatory Affairs Bill Berg at 866.231.0545 ext. 1028 or Director, Compliance Scott Morris at ext. 2165. The LSCU also has a Comment Call section of the website with all of the resources for each comment call.

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LSCU town hall meetings with CUNA's Cheney begin this week

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
Dec. 1,  1:30 - 3:00 pm CST:  America's First FCU, Birmingham

Florida:

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

Times and dates for the January meetings:

Florida:

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

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 ]

NCUA open to suggestions on corporate assessments for 2011

Speaking at the American Association of Credit Union Leagues (AACUL) meeting two weeks ago in Dallas, NCUA Chairman Debbie Matz said that the regulator is open to ideas or solutions to the corporate stabilization fund so that the assessments in 2011 may be less than expected.

This month, the NCUA projected total dual assessments of 20-35 basis points (bp) for 2011. Increasing losses at natural person credit unions could require a National Credit Union Share Insurance Fund (NCUSIF) assessment ranging from zero to 10 bp; and repaying borrowings triggered by losses at corporate credit unions could require a Temporary Corporate Credit Union Stabilization Fund assessment of 20-25 bp. These assessments could collect up to $2.7 billion in funds.

Matz  also discussed the NCUA's 2011 budget increase at the AACUL meetings saying that the NCUA's salary increase and corresponding budget increase are due primarily to additional personnel hires needed to complete the agency's annual examination program and a previously negotiated 6.1-percent pay raise that is in the current NCUA employee collective bargaining agreement. NCUA managers and others who are not in the bargaining unit are budgeted to receive an average raise of three percent.

The NCUA's budget will increase by $25 million in 2011, with most of that increase going to cover the addition of 78 staff positions and a pay raise that for some employees could go as high as eight percent after factoring in "locality pay" adjustments that are mandated across the federal government.

  [ Return to Top ]

Credit unions have one week to secure CUNA GAC room with LSCU block

The deadline to secure a room at the LSCU host hotel for the 2011 CUNA GAC in Washington D.C. is one week away. 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 ]

Two new appointments to the LSC board

The League of Southeastern Credit Unions board Chairman Joe McGee recently announced the addition of two new directors to the League Service Corp (LSC), LEVERAGE, board. McGee named Listerhill CU (AL) CEO Brad Green and Pen Air FCU (FL) CEO Ron Fields to director positions. The LSC Board Governance Manual allows for up to four non-LSCU directors on the LEVERAGE board.

Green and Fields join Family Security FCU (AL) CEO Shane Nobbley and CFE FCU (FL) CEO Joe Melbourne as LEVERAGE board directors. The addition of Green and Fields gives the LEVERAGE board great diversification and an expanded geographical coverage of both states. [ Return to Top ]

Corporate America buys Constitution Corporate CUSO

Corporate America Credit Union, based in Birmingham, purchased Constitution Corporate FCU's wholly-owned credit union service organization, known as Smart Source Solutions, based in Wallingford, CT. Smart Source Solutions will be transferred to Corporate America by the end of November. In a statement, the NCUA says the transfer provides for the continuation of services to the CUSO’s customers and additionally provides a premium to the National Credit Union Share Insurance Fund (NCUSIF).

Corporate America’s proposal was chosen after a bidding process that included credit union and non-credit union entities. The NCUA made the decision after determining it offered the best solution for customers of Smart Source Solutions and was in the best interest of the NCUSIF. [ Return to Top ]

Gary Michael Wolter Trust Fund set up APCO Credit Union

A trust fund in the name of Gary Michael Wolter has been set up by the family at APCO Credit Union in Birmingham. The trust fund has been set up for his children, Michael, 13, and Julia, 8. Donations will be used toward their education.

People may make donations in person at any of the credit union locations or they may mail them to APCO Credit Union at 1608 7th Avenue North, Birmingham, AL 35203.


[ Return to Top ]

Two new videos available from LSCU

NCUA Region III Director Herb Yolles

The LSCU has two new videos available for credit unions that add perspective to the NCUA's corporate plans and the national elections from earlier this month. 

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 Nov. 2 general election turned out very good for credit unions. On the national level, more than 90 percent of candidates supported by CUNA won. With so many new faces,

CUNA SVP of Political Affairs Richard Gose

credit unions have an opportunity to build new relationships. CUNA SVP of Political Affairs Richard Gose spoke at the LSCU Development Conference two days after the election. He said credit unions need to mobilize quickly and begin building those relationships because if they don't, someone else will. Gose also talks about the 2011 Legislative Agenda for CUNA. 

The videos will stream right from your desktop. If you have any problems, contact Bridges at 866.231.0545 ext. 1022. [ Return to Top ]

Governmental Affairs News
Florida round-up; Administration transition beginning

With the Thanksgiving holiday in the rear view mirror, the end of the year is approaching quickly. That means the transition of administrations in the state of Florida will be beginning. Today is the deadline for top officials of Gov. Charlie Crist’s administration to submit their resignation letters, as well as indicate whether they have any interest in working for Governor-elect Rick Scott.

As a prelude to the 2011 session, legislators from around the state meet in their areas to discuss issues that matter to that specific region of the state. On Thursday, the Miami-Dade Delegation will meet at Miami City Hall. The meeting begins at 10:00 a.m. EST.

  [ Return to Top ]

Lame Duck session begins on Capitol Hill

Congress’ lame duck session begins today when the House and the Senate return to Washington to complete the 111th Congress. It is unclear when Congress will adjourn, but it seems likely they will be in session at least through Dec. 17.

The Senate reconvenes Monday at 2 pm to resume debate on a food safety bill. At 5:30 pm, Vice President Joe Biden will swear in Sen.-elect Mark Kirk (R-IL), to fill the seat vacated by Sen. Roland Burris (D-IL) who replaced President Obama. 

The House also meets Monday and Tuesday to take up several bills. The House is expected to consider a continuing resolution which will fund the government until Dec. 17. Upon House passage of the continuing resolution, the Senate will take up the measure. After the Senate completes its work on the continuing resolution, Senate Majority Leader Harry Reid is expected to file cloture on several bills, setting up a potential end game. 

Among the measures on which Sen. Reid is expected to ask the Senate to end debate: the DREAM Act, the Defense Authorization Bill, and legislation to extend the expiring Bush-era tax cuts. The details of these measures, particularly the tax cut and defense bills, have not been determined, and the Senate program is always subject to change.   

There are a couple of hearings of note this week in the Senate. Wednesday the Senate Banking Committee will hold a hearing on "Problems in Mortgage Servicing From Modification to Foreclosure." Witnesses will include Phyllis Caldwell, chief of the Treasury Department's Homeownership Preservation Office; FDIC Chairman Sheila Bair; Daniel Tarullo, governor of the board of governors of the Federal Reserve System; John Walsh, acting comptroller of the currency for the Office of the Comptroller of the Currency; and Edward DeMarco, acting director of the Federal Housing Finance Agency. 

Thursday the Senate Finance Committee will hold a hearing on "Tax Reform:  Historical Trends in Income and Expenses." Witness will include Thomas Barthold, chief of staff for the Joint Committee on Taxation; Deputy Assistant Treasury Secretary for Tax Analysis Mark Mazur; and Congressional Budget Office Director Douglas Elmendorf.

CUNA continues to press Senate leadership to include the member business lending legislation on one of the vehicles making its way through the chamber. Each of the three bills mentioned above carries with it a degree of controversy, and enactment of these bills before the end of the year is far from certain. Nevertheless, CUNA and the League are in contact with the principals in the Senate on a regular basis to encourage them to include our measure on a bill that will become law. 

If you have any questions regarding these or any legislative issue, 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 ]

Compliance Corner
League InfoSight highlight: InfoSight user survey

With the Thanksgiving holiday, there was not an updated League InfoSight newsletter. However, readers are encouraged to take a short survey to help improve the newsletter. Visit the Nov. 19 edition to access the survey. 

The Nov. 19 newsletter also looks at a new online publication about credit reports and credit scores. The Federal Reserve is introducing this free resource to help financial institutions understand the importance of protecting personal credit histories.

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 provides 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 ]

Compliance Calendar and Training Schedule

Compliance Calendar

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. If you have additional questions, contact AABC Executive Director Michael E. Milner at 205.833.7270 or 205.602.9805. [ Return to Top ]

Free FDIC's Alliance for Economic Inclusion event in Mobile December 9
FDIC and NCUA Chairs Join Education Secretary to Announce Partnership to Promote Financial Education and Savings Programs

U.S. Secretary of Education Arne Duncan, FDIC Chairman Sheila C. Bair, and NCUA Chairman Debbie Matz joined together recently in signing a new agreement that aims to help millions of students get on the path to financial success. The agencies will work together to facilitate partnerships among schools, financial institutions, federal grantees, and other stakeholders to provide effective financial education; increase access to safe, affordable, and appropriate accounts at federally insured banks and credit unions; and encourage saving. The potential for impact is great. For example, the agreement allows the FDIC and NCUA to support the U.S. Department of Education's 1,700 college access grantees, which engage over one million low-income K-12 students striving for higher education.

All three agencies will also work together to increase participation in the National Financial Capability Challenge, a voluntary awards program designed to challenge educators to teach high school students the basics of personal finance, and reward success.

Opening Ways Into The Financial Mainstream Event:

When: Thursday, December 9, 2010
Location: Bishop State Community College
Baker-Gaines Central Campus in the Black History Museum
1365 Dr. Martin Luther King, Jr. Avenue
Mobile, Alabama 36603
Time: 8:00 a.m. - 4:00 p.m.

Click here for an agenda of the conference. Click here to register online.


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REAL Member Solutions video contest runs for two more weeks

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
Implement a gift card program today to deliver member benefits

With just a two to three week implementation, it's 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 ]

Still time to get Sprint revenue for your credit union

With Christmas clearly on everyone's minds now, be sure you’re providing mobile phone savings to your members. You know mobile phones and their accessories are going to be a hot commodity this Christmas.

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, click here to contact a LEVERAGE Business Consultant or 

  [ Return to Top ]

News from You
Community First employee receives high honor

Community First Credit Union, based in Jacksonville, recently announced that Mark Fitzmorris, a registered representative affiliated with broker-dealer and Registered Investment Adviser CUSO Financial Services, LP (CFS) received the CFS’ 2009 Gold Pacesetter Award at the CFS “Break On Through 2010” Annual Conference, held recently in San Diego, CA.

The award honors the top producing registered representatives among CFS’ 130-plus credit union programs.

Fitzmorris was credited with generating significant revenue while providing high quality financial and retirement planning services to Community First Credit Union members. He has served the credit union membership for six years and serves the Downtown, Fleming Island, Orange Park, St. Johns and Westside branches as a Financial Advisor.

“We are extremely proud of Mark’s accomplishment and the outstanding service he has provided to our members over the years,” said Community First CEO John Hirabayashi.  “His knowledge, experience and commitment to member service demonstrate the highest level of excellence in his profession.” [ Return to Top ]

Congratulations to Gulf States Credit Union celebrating its 50 year anniversary

Established in 1960, Gulf States Credit Union celebrated its fiftieth year of business this year. Located in Maitland, Florida, Gulf States Credit Union is a $23 million financial institution and serves more than 4,300 members.


Central Florida Chapter President Eddie Sanabria (l)
presents Gulf States CEO Gary Teramae with a
50 year anniversary plaque from CUNA.
[ Return to Top ]

Alabama Telco letting consumers know how to spend wisely this Christmas

Alabama Telco Credit Union, based in Birmingham, is giving its members and consumers five tips to remember when shopping this Christmas season.

The tips include shopping with cash, If using a credit card, use the one with a low rate and refinancing a high auto loan rate to save money. All of the advice is practical and it reinforces the thoughts to consider a budget before taking to the stores. 

“The smartest tip I can give to holiday shoppers is to remember the holidays are once a year, so shop smart to avoid a lifetime of debt. You have financial options,” states Stanton Davis, Alabama Telco Credit Union’s vice president of Marketing.

  [ Return to Top ]

Insight Credit Union delivers food to Russell Home for Atypical Children

Insight CU's Julie Gagliano (l) and Kristy Moist.

Insight Credit Union recently delivered over 30 pounds of barbecue and all the trimmings to the Russell Home for Atypical Children in Orlando.

“Credit union’s were founded on the philosophy of ‘people helping people,’” said George R. Davis, president/CEO of Insight Credit Union.  “And we are dedicated to supporting the work of our community partners and lending a helping hand whenever we can.” 

The Russell Home for Atypical Children in South Orlando has been in continuous operation for over 50 years without any government support. The Russell Home is the only private, non-profit facility of its kind for severely handicapped children in Central Florida.

In 2008, the credit union’s annual Cruise for a Cause raised $15,000 for the Russell Home for Atypical Children allowing the organization to continue providing around the clock specialized care, love and a home-like atmosphere to its residents. [ 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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