LSCU eSignal Weekly
LSCU eNews Weekly January 3, 2011
home button press room button contact us button
LSCU eNews Weekly
In This Issue
LSCU Headlines
Bachus questions Federal Reserve on interchange regulations
Consumer awareness translates to CU growth
LSCU Statewide Image Campaign "voluntary fair share" line on dues invoice
Florida shared branching board approves $25,000 for LSCU Image campaign
Bachus, Wasserman Schultz join GAC lineup
Fed report cites number of delinquent mortgages rise; however, potential good news for CUs
Governmental Affairs News
Washington update: 112th Congress convenes; NCUA technical corrections legislation
Compliance Corner
League InfoSight highlight: Giving gift cards as a meeting incentive
Compliance calendar and training
Cooperative Initiatives News
CUNA’s accomplishments in 2010 reinforce the importance of unity and cooperation through LSCU and CUNA affiliation
Education News
Ensure receipt of information for LSCU's upcoming training webinars by following these steps
2011 brings a variety of learning opportunities for every credit union
Education Calendar
LEVERAGE News
Save $25 off your Office Depot purchase!
News from You
Alabama Teachers Credit Union announces winner of “Imagine” Holiday Loan
Insight CU brings Christmas joy to New Hope for Kids
St. Augustine man is first winner of Community First contest
EMPLOYMENT
View available credit union jobs
In This Issue
spacer
eNews Links
Forward to a Friend
Print Version
Unsubscribe from
LSCU eSignal Weekly
eNews Links
spacer
LSCU Headlines

Bachus questions Federal Reserve on interchange regulations

Alabama Rep. Spencer Bachus (R-AL), the incoming Chairman of the House Financial Services Committee, along with Rep. Jeb Henserling (R-TX), the incoming vice chairman of the Committee, sent a letter to Federal Reserve Chairman Ben Bernanke to express their concern over the proposed rules on debit card interchange. 

The proposed rule stems from the Interchange provisions of the Dodd-Frank Wall Street Reform bill passed last fall. In their letter, the Reps. Bachus and Henserling express their concern over the feasibility issuing final rules by the April deadline. They point out that Congress devoted little time to considering the impact of the rule changes before the provision was enacted. Most importantly to credit unions, Reps. Bachus and Henserling state concerns that the small issuer exemption (which applies to card issuers under $10 billion in assets) may wind up creating an unlevel playing field that will hurt credit unions and community banks. They urge the Fed to use all the time it has been given, which will give Congress time to conduct its own review of the intent and impact of the changes to avoiding harm to consumers or competition in the marketplace.

The League is very pleased that Rep. Bachus recognizes the damaging impact that the proposed Federal Reserve Interchange rule could have on credit unions and other smaller issuers, and ultimately on  their consumers. The League will continue to work with Chairman Bachus to address this and other important policy issues credit unions face in Washington. For a copy of the letter, click here.  [ Return to Top ]

Consumer awareness translates to CU growth

For all the good publicity credit unions have generated from campaigns such as MoveYourMoney.org or consumer backlash against big banks, the enthusiasm does not appear to be translating to membership growth. Nationally, credit unions grew at a 0.7 percent rate through Sept. 30. Total loans were down -1.2 percent.

But credit union leagues in states with coordinated awareness programs say they are bucking those trends--and they cite data to back it up.

The Pennsylvania Credit Union Association's (PCUA) iBelong awareness program has been in place for three years. Michael Wishnow, senior vice president of communications and marketing, said Pennsylvania credit unions had either lagged or maintained pace with national credit union growth statistics for 25 years when a group of state credit union CEOs convened to see what they could do about improving that status.

"It all came down to one thing: awareness," said Wishnow.

PCUA leaders thought awareness was so vital to their financial health that they created a mandatory assessment for member credit unions to fund the iBelong campaign, Wishnow said. The funding was used primarily to produce a high-quality TV/radio ad campaign.

Wishnow said the quality of the production has helped the campaign have a greater impact for consumers--and made a big difference for credit unions of all sizes. "Even the largest credit union probably couldn't afford to spend on the production of the spots, [and maintain] the quality of them, let alone run them on a statewide basis," he said.

Wishnow said he believes--and just as importantly, PCUA's members believe--the investment has translated into growth.

He cited 2010 second quarter data: Pennsylvania credit unions have exceeded national rates in membership growth (2.2 percent vs. 0.9 percent), assets (8.9 percent vs. 3.8 percent), and loans (5.4 percent vs. -0.9 percent).

In part, because of that success the amount Pennsylvania credit unions are assessed for the iBelong campaign will decrease by one-third in 2011. Credit unions under $20 million in assets will pay $7 per million. Credit unions between $20 million and $50 million in assets pay $27 per million. Those $50 million and over in assets will pay $40 per million. The association's credit union service organization, Pacul, also will make a $50,000 contribution to the campaign, which will cost $1.1 million in 2011, down slightly from $1.2 million in 2010.

New Jersey Credit Union League (NJCUL) President Paul Gentile also attributes his state's credit union growth to increased public awareness. The NJCUL's "New Jersey Credit Unions: Banking You Can Trust" campaign can be seen and heard on radio and cable TV and in New Jersey Transit stations and on buses.

New Jersey credit unions grew by nearly 25,000 members in the first half of 2010. As of the third quarter, member loans had increased by 1.9 percent, compared with a national decline among credit unions of -1.2 percent. Member business loans at New Jersey credit unions rose at a 17 percent rate. Nationally, credit union member business lending increased at a 7 percent for the third quarter. First mortgages at New Jersey credit unions were up by 9.3 percent, compared to a 2.3 percent rate nationally.

"The branding campaign is definitely helping," Gentile said. "We're pushing everybody to the [national credit union finder] website. New Jersey gets the second most visits of any state in the country, so we know we're getting people to visit that site. We think they're signing up for memberships and taking out loans."

Gentile said New Jersey credit unions contribute to the campaign on a voluntary basis. "As a league, we think telling the credit union story is so important that we are willing to subsidize it on our own," Gentile said.

Nowhere has the effect of the recession been felt more directly than Michigan, which has experienced the restructuring of auto industry. Yet Michigan credit unions have grown the past two years.

Michigan credit unions added more than 50,000 members in 2010, the second straight year it has surpassed that figure. By comparison, that's nearly three times the 17,000 members added in 2008, the league said.

Michigan had 4.5 million credit union members as of the end of September, and 44 percent of the state's residents do at least some of their banking at credit unions, the Michigan Credit Union League (MCUL) told the (Detroit News Dec. 26). Among the 10 most populous states, Michigan has the highest rate of credit union membership.

MCUL President/CEO David Adams said he believes strong cooperative advertising programs such as Own Your Money and Invest in America made Michigan credit unions stand out at a time when banks fell out of favor with many consumers.

"Michigan has always been a strong credit unions state, but as the state has lost population in the past decade, credit union membership growth has been negligible," Adams said. "That is, until the past two years."

That's when Michigan credit unions kicked in more than $3.4 million for the "Own Your Money" and "Invest in America" messages.

Invest in America was a partnership with automakers that offered credit union members savings on GM vehicles while marketing the benefits of credit union membership.

Own Your Money is a TV and radio advertising campaign geared to 18- to 34-year-olds, with an underlying message that credit unions offer member-focus, value and personal control.

Pennsylvania's Wishnow said that awareness campaigns such as Own Your Money, iBelong and Banking You Can Trust explain to consumers what a credit union is and inform them that almost anyone can join. "Then credit unions don't have to invest their time and energy on explaining what a credit union is," Wishnow said. "We're doing that, so they can focus on specific products and services. And that's more important now than ever before. The bottom line is a lot different than it was four years ago. This alleviates some of that pressure."


[ Return to Top ]

LSCU Statewide Image Campaign "voluntary fair share" line on dues invoice

Credit unions will notice a line item on their recently received League dues invoice that is labeled "voluntary fair share" contribution. This line item is for the 2011 LSCU Statewide Image Campaign. The League has been presenting the campaign across both states throughout the fall. The next Image Campaign meeting is coming up Jan. 13 at the Central Florida Chapter. 

For those credit unions that are not familiar with the campaign, 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. This will be a voluntary "fair share" line item in the 2011 LSCU dues packet. The fundraising formula will be explained in greater detail in the market meetings.

If you have any questions about the 2011 Statewide Image Campaign or the "voluntary fair share" line item, contact LSCU VP, Communications Mike Bridges at 866.231.0545 ext.1022. [ Return to Top ]

Florida shared branching board approves $25,000 for LSCU Image campaign

Just before Christmas, the Florida Credit Union Service Centers (FCUSS) board approved a $25,000 contribution to the LSCU Statewide Image Campaign. This contribution will go toward the spring 2011 campaign. The FCUSS board approved the money as a way to show its partnership with Florida credit unions. This FCUSS money, much like the Alabama Shared Branching $25,000 donation in December, will go to help media markets in the state that need a financial boost during the media buy for the campaign.  

For more information on the LSCU Statewide Image Campaign, contact LSCU VP, Communications Mike Bridges at 866.231.0545 ext. 1022. [ Return to Top ]

Bachus, Wasserman Schultz join GAC lineup
Just weeks after becoming House Financial Services Committee chairman when the 112th Congress convenes, Rep. Spencer Bachus (R-Ala.) will be among the speakers addressing the thousands of credit union representatives in attendance at the Credit Union National Association's (CUNA) 2011 Governmental Affairs Conference.

Rep. Bachus

Bachus succeeds Rep. Barney Frank (D-Mass.) as head of the committee as the majority in the House changes to Republicans after the 2010 midterm elections. Bachus has announced new financial services committee members and other committee leadership appointees in recent weeks. A review of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, and discussion of the Dodd-Frank regulatory reform bill are among the issues that Bachus plans to take on when he takes over early next year. Bachus has said that he and his fellow new committee leaders are "ready to hit the ground running."

Bachus, who joined the House of Representatives in 1993 and has served as the ranking Republican on the Financial Services Committee for the past four years, has called credit unions "an integral part of our financial system" and has praised credit unions for their pro-consumer work and their straightforward credit practices.

Rep. Wasserman Shultz

Rep. Debbie Wasserman Schultz (D-Fla.) also has joined the GAC's lineup of speakers. Schultz was one of 105 House members who earlier this year urged the financial regulatory reform conference committee to keep language on interchange fees out of the final comprehensive financial regulatory legislative package. The GAC will open with a performance by classic rockers Three Dog Night, and will also feature a keynote speech by "Miracle on the Hudson" pilot Captain Chesley B. "Sully" Sullenberger III and political point-counterpoint between conservative commentator Mary Matalin and liberal Web leader Arianna Huffington.

Political pundits and co-authors of The New York Times No. 1 best-seller "Game Change: Obama and the Clintons, Palin, and McCain, and the Race of a Lifetime" Mark Halperin and John Heilemann, will also discuss their book, the historic 2008 and, nascent 2012 presidential campaigns, and other pressing political topics during their GAC appearance.

The GAC begins on Feb. 27. in Washington, D.C. For more information or to register for this year's GAC, click here.

If you have any questions regarding the GAC, contact  LSCU SVP, Governmental Affairs  Will McCarty at 866.231.0545 ext. 2137. [ Return to Top ]

Fed report cites number of delinquent mortgages rise; however, potential good news for CUs

The number of delinquent mortgages rose while foreclosures also jumped in the third quarter, according to a report released last Wednesday by federal regulators. But the report also may have good news for credit unions, as it suggests the proposed rules may leave issuers with assets of less than $10 billion unaffected. The nation’s largest banks, however, which depend more heavily on the $16.2 billion in revenue debit cards generate annually, would have to change their product offerings and prices to make up for the lost income, according to Tony Hayes, the Oliver Wyman Group partner who wrote the Dec. 22 report, according to American Banker, an affiliate of Credit Union Journal.

The Fed’s proposed rules, included in the Dodd-Frank Act, also would prohibit payments networks and issuers from limiting the number of transaction-routing options on a debit card to a single payment brand’s network or to two or more affiliated networks.

“The proposed regulation will have massive and far-reaching consequences for retail banks,” Hayes wrote in the report. “The new economics associated with operating a debit card portfolio are likely to lead to fewer rewards programs, more consumer fees and a different set of banking choices.”

Banks earn approximately 44 cents per debit card transaction, for an average of $87 in annual revenue per active card, Wyman’s data shows. Under the Fed’s rules, those numbers would drop to about 12 cents per transaction and $24 in annual revenue per card.

For a typical $40 PIN-debit Interlink purchase, the interchange fee for retail merchants ranges from 30 cents to 45 cents, depending on volume, while the interchange on a $40 Visa check card signature-debit transaction ranges from 37.8 cents to 56.8 cents, according to calculations using Visa Inc.’s published rates. Visa controls about 80 percent of the signature-debit market, the more profitable of the two types of debit card transactions.

[ Return to Top ]

Governmental Affairs News
Washington update: 112th Congress convenes; NCUA technical corrections legislation

The 112th Congress convenes at noon on Wednesday. The first order of business for the House of Representatives will be to elect the Speaker of the House, swear in Representatives, and approve officers and a rules package. The House will also begin the process of electing members to standing committees, including the House Financial Services Committee. As the League gets information on committee assignments, they will be passed along to credit unions. The House is expected to be in session on Thursday and Friday, but a floor schedule for those days has not yet been announced.

Looking forward to the House schedule for January, the League expects the House to be in session next Tuesday and Wednesday, and the following Tuesday through Thursday (Jan. 18-20), and Monday through Wednesday of the week of January 24. The Republican leadership has suggested that a vote to repeal the health care reform legislation enacted last year could be on the agenda in January; beyond that, most of the major bills should be considered after the State of the Union address, which will be later in January.

The Senate also convenes on Wednesday and will engage in organizational activities. Because the Senate is a continuing body, the organization business is a bit less cumbersome than the House business, but expect newly-elected Senators to be sworn-in by Vice President Joe Biden and then the Senate may consider a new rules package that could include proposals related to the filibuster and secret holds.

Interchange Hearing

CUNA and the League will be pressing Rep. Spencer Bachus (R-AL), the incoming chairman of the House Financial Services Committee, to hold hearings on the Federal Reserves proposed rule related to the interchange provision of the Dodd-Frank Act. The League and CUNA believe hearings on this issue are critical and timely in light of the Federal Reserve Board’s recent proposed rule, which does not take any steps toward protecting small issuers from the effects of this provision, as Congress intended.

NCUA Technical Corrections Legislation

Before Congress adjourned, the House and the Senate passed S. 4036, a bill making technical amendments to the Federal Credit Union Act. There has been some concern expressed regarding the timing and impact of this legislation. The League first became aware of the NCUA’s interest in pursuing this legislation in late summer, and at the request of the Senate Banking Committee, CUNA reviewed the legislation and discussed it with committee staff.

The League and CUNA strongly supported the provision that permits credit unions to count Section 208 assistance as capital/net worth for the purposes of prompt corrective action. As you will recall, CUNA had pursued a similar provision very early in the 111th Congress which would have permitted credit unions to count any form of government investment or assistance as capital. The League and CUNA believe that this provision is a small, but important step, on the road to achieving supplemental capital options for credit unions. The League also believe that this provision, if properly implemented by NCUA, could help save credit unions in the future that might have otherwise had to be merged or liquidated.

Another provision of this legislation removes the requirement under the Federal Credit Union Act that the NCUA borrow money from Treasury to fund the Temporary Corporate Credit Union Stabilization Fund. CUNA discussed this provision with the NCUA board and staff due to the concern that this could be used to accelerate assessments, when one of the primary purposes of the stabilization plan was to spread assessments over a longer period of time. NCUA board and staff assured CUNA that this was not the case. Their intention, as stated, is to ultimately reduce the amount that credit unions are called on to pay for the corporate credit union stabilization. It is NCUA’s position that, if they are not required to borrow from Treasury to fund the TCCUSF, credit unions will not have to pay the interest on those loans from Treasury.

The legislation also included a provision that will not require NCUSIF financial statements be consolidated with any institutions that have been conserved, such as the bridge corporates. Credit unions’ premiums could be higher if there were consolidated financial statements.

Finally, the legislation directs the Government Accountability Office to conduct a study of NCUA’s handling of the corporate credit union situation. CUNA believes that this study will be an important mechanism to ensure these provisions are implemented as Congress intended. In fact, the study was added to the legislation as it was being reviewed by Republican leadership on the Senate Banking Committee.

CUNA expressed strong reservation to a provision that NCUA proposed, and which was ultimately not included in the legislation, that would have revived expired legal claims, giving NCUA the ability to bring action on any claim on which the statute of limitations has expired, up to 10 years before the board becomes the conservator of a credit union or liquidates it. A number of concerns were expressed during the legislative process, including that the provision (1) would likely discourage volunteers from serving on the boards of directors of credit unions, (2) would not likely result in any significant recovery of losses, (3) would expand NCUA’s authority in this area beyond the authority of the FDIC to pursue similar claims, and (4) raises constitutional questions of the application of a retroactive statute of limitations that otherwise would have expired. Fortunately, this provision was not included in the legislation that Congress approved.

S. 4036 was approved by the Senate on Dec. 16; the House followed suit on Dec. 22. The bill has been presented to the President and it's expected that it will be signed this week. Any time a power is given to any regulator, it can be abused, but the League and CUNA believe that the NCUA's intentions here seem constructive and CUNA will be monitoring implementation closely through our regulatory advocacy activities.

If you have any questions about this or other legislative issues, contact LSCU SVP, Governmental Affairs  Will McCarty at 866.231.0545 ext. 2137. [ Return to Top ]

Compliance Corner
League InfoSight highlight: Giving gift cards as a meeting incentive

The final League InfoSight newsletter looks at gift cards as a meeting incentive. In a legal opinion released recently, the NCUA advised a federal credit union that sought to increase participation at its yearly meeting by giving $25 gift cards to members in attendance.

According to the letter, the credit union believed that the gift card giveaways could increase meeting participation at a lower cost than similar giveaways such as free meals. The NCUA found that the gift card giveaway meets a federal credit union's incidental powers authority, which holds that certain activities are permissible when it is "convenient or useful" to the performance of one of the credit union's express powers.

However, it is up to the credit union's examiner and the NCUA's regional director "to determine if the proposed $25 gift card incentive is objectionable on safety and soundness or corporate waste grounds," the NCUA said. You can read the entire opinion on League InfoSight.

The initial period for federal registration of residential mortgage loan originators under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) will begin on or around January 31.  A notice to confirm the date will be published in the Federal Register.

For more helpful reminders and tips, view the League InfoSight newsletter by clicking here. It is a password-protected area. Member credit unions that do not have a password, may click here to sign up for one. An active email account and a password are required. To log in to InfoSight, enter your email and password in the InfoSight login block (see graphic below) located in the upper right of any of the LSCU web pages.

  [ Return to Top ]

Compliance calendar and training

Compliance Calendar

January 1
New Year's Day - Federal Holiday

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 Date

January 17
Martin Luther King, Jr. Birthday - Federal Holiday

January 23
5300 Call Report Due to NCUA

Compliance Training

February 16
Pressing Credit Union Compliance Issues – Audio Conference
1:00–2:30 p.m. CT

March 16–30
CUNA Compliance Fundamentals eSchool

  [ Return to Top ]

Cooperative Initiatives News
CUNA’s accomplishments in 2010 reinforce the importance of unity and cooperation through LSCU and CUNA affiliation

Credit unions were in the thick of things from the beginning to end of the 111th Congress, reminded Credit Union National Association (CUNA) Senior Vice President of Legislative Affairs John Magill last week, and lawmakers in the 112th Congress--to be sworn in Wednesday--should expect no less.

"When Congress turned its attention to repairing the regulatory framework that caused the greatest financial crisis since the Great Depression, CUNA, the leagues, and credit unions were there to work with Congress to minimize the adverse impact on credit unions," Magill reminded. He said that effort was typical of the level of involvement and impact that credit unions had throughout the year.

As a result of those efforts:

  • All but three credit unions will be exempt from examination and enforcement by the Bureau of Consumer Financial Protection (BCFP);
  • Credit unions will not have to pay for the new agency;
  • The chairman of the National Credit Union Administration will serve on the oversight council reviewing the BCFP's rules;
  • Credit unions will not be required to offer plain vanilla products to their members before offering products that may better meet their needs;
  • Credit unions will not have to collect deposit account data and report it to the consumer bureau;
  • Credit unions will not be subject to the Community Reinvestment Act, and the CFPB will not have authority over the CRA;
  • The legislation included language that CUNA inspired which directs the bureau to review and address outdated, unnecessary and unduly burdensome regulations with the intent of reducing regulatory burden; and, finally
  • The new law directs the bureau to take into consideration the impact of its regulations on credit unions.

"Congress saw credit union involvement in perhaps unprecedented force," Magill said. "It set a high bar, but credit unions can be encouraged to see the effect their efforts can have."

CUNA’s accomplishments in 2010 reinforce the importance of unity and cooperation through League and CUNA affiliation, noted Patrick La Pine, President/CEO of the League of Southeastern Credit Unions.  “Your active participation as a member of the LSCU and CUNA is vital to the long-term success and strength of the credit union movement. Together, we can ensure an optimum environment for credit unions and secure our place within the financial services industry.”

The 2011 dues invoices and affiliation materials have been mailed to all Alabama and Florida credit unions.  For additional information on the value of affiliation, contact Laura Vann, VP or Cooperative Initiatives, at laura.vann@lscu.coop.


[ Return to Top ]

Education News
Ensure receipt of information for LSCU's upcoming training webinars by following these steps

Webinars have become a popular, efficient, and cost-effective means of bringing training directly to your credit union. The LSCU has partnered with Financial Education and Development, Inc. to offer this training to LSCU members. Click here to view the 2011 lineup of dynamic webinar topics designed for every staff member in your credit union or visit www.lscu.coop and click on the education calendar.

In order to ensure that you receive timely information on all upcoming webinars, we’d like to offer five things to remember:

1.  Be sure your credit union email system accepts (and does not reject) mail from the following email addresses:

LSCU@cuwebtraining.com
LSCUtraining@cuwebtraining.com
jan@cuwebtraining.com

A simple way to do this is to add each of these e-mail addresses to your ‘safe senders’ list as well as your contacts folder. Forward this information to your IT department, too, so that the webinar information and instructions are not blocked by your firewall.

2.  When you register for a “live” webinar, your instructions will be emailed approximately one week in advance.

3. The “archived” version is an on-demand web link of the live event and contains audio/visual recording of the live broadcast of the webinar, including question and answer periods. It contains a PDF file of the handouts and the speaker’s email address for any follow-up questions. The web link can be viewed anytime 24/7 beginning six business days following the live webinar. It expires six months after the live program. In addition, you receive a FREE CD ROM that contains the same information as the link!

4. Invoices are not provided; your registration form will serve as your receipt. In addition, you will not receive an immediate confirmation of your registration, but you will receive the instructions and/or on-demand link one week before the webinar.

5. For those who prefer to pay by credit card, your statement will show Financial Education & Development, Inc. as the merchant name or transaction description.

If you have any questions concerning any of the above, contact LSCU@cuwebtraining.com. [ Return to Top ]

2011 brings a variety of learning opportunities for every 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. For detailed event information visit the Education Calendar at www.lscu.coop. [ Return to Top ]

Education Calendar

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

Tuesday, January 18
Special Edition: FinCEN - Chapter X BSA

3:00 p.m. - 4:30 p.m. EST - webinar

Wednesday, January 19
12 Rules for Effective Social Media

3:00 p.m. - 4:30 p.m. EST - webinar

Tuesday, January 25
Asset Liability Management

3:00
p.m. - 4:30 p.m. EST - webinar 

Wednesday, January 26
Mandatory Compliance Training Series

3:00 p.m. - 4:30 p.m. EST - webinar

  [ Return to Top ]

LEVERAGE News
Save $25 off your Office Depot purchase!

LEVERAGE is your resource for access to deep discounts on more than office supplies through the Office Depot BSD program. Take advantage of the following January promotion!

Get $25 off your purchase of $125 or more. Click here to view flyer.

For questions or more information about the Office Depot Business Solutions Division program for credit unions, contact Deirdre Rhodes at 866.231.0545 x1104 or deirdre.rhodes@myleverage.com. [ Return to Top ]

News from You
Alabama Teachers Credit Union announces winner of “Imagine” Holiday Loan

Alabama Teachers Credit Union promoted its 2010 holiday loan with the theme: “Imagine…a holiday of giving.”  Members who were approved for a holiday loan were automatically entered for the chance to win $500 for themselves and $500 to give to the charity of their choice. The promotion ran from October 15 – December 15 and received more than 87 entries totaling over $97,000.

Daniel Mosley was the “Imagine” loan promotion winner and received $500 for himself and $500 donated in his name to Breast Cancer Awareness & Research.


Winner Daniel Mosley and his wife.

[ Return to Top ]

Insight CU brings Christmas joy to New Hope for Kids
Insight Credit Union donated $2,000 to New Hope for Kids to provide much needed Christmas gifts to children and families in the Central Florida area. This donation was made possible by generous member and employee contributions.

"Each year our Employee Committee selects a non-profit organization to support,” said George R. Davis, President/CEO of Insight Credit Union. “New Hope for Kids is clearly a worthy organization; their grief program helps children and families cope with the loss of a loved one and we know the funds will be used to help many families throughout Central Florida.”

 Click here to learn more about New Hope for Kids.


(l to r) Marla Sullivan, New Hope for Kids,
Julie Davis, Insight Credit Union, Cory Johns, New Hope for Kids



 


[ Return to Top ]

St. Augustine man is first winner of Community First contest
Winner Marty Childers

Marty Childers got an early holiday gift from the manager at the St. Augustine branch of Community First – a $50 Visa gift card. Childers is the first winner of a new Community First Credit Union contest that randomly awards members who display the credit union’s name decal on their vehicle’s window.

“We are enjoying the contest because it gives us a chance to do something special for our members,” said Mary Cay Brock, St. Johns branch manager. “Mr. Childers was very happy to be selected as our first winner and it was an extra nice surprise for him at the holiday season.”

Members of Community First Credit Union can get the window cling decals at any of the 16 branch locations in northeast Florida. Each branch manager will award at least one $50 gift card during each month when they see a vehicle with the decal in their community. [ Return to Top ]

EMPLOYMENT
View available credit union jobs

To view the available jobs on the LSCU homepage, visit the LSCU CU Jobs Center. [ Return to Top ]

footer