LSCU eSignal Weekly
LSCU eNews Weekly February 28, 2011
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LSCU eNews Weekly
In This Issue
LSCU Headlines
President's Point
CUNA's Cheney, GFCU's Buckley to testify before House Financial Services subcommittee
CUNA: Two-year delay needed for interchange study
LSCU welcomes credit unions to CUNA GAC with a reception
The first "LSCU at the GAC" video is available
Amber Tynan named Executive Director of SECU Foundation
Deadline for LSCU dues tomorrow
Start thinking about entries/nominations for 2011 LSCU Awards, information to be available this week
Governmental Affairs News
Register today for one of the LSCU State GACs
Florida roundup: LSCU legislative update, Gov. Scott's pay for pension proposal
Compliance Corner
League InfoSight highlight: FinCEN warns of elder financial exploitation
League InfoSight usage climbing in Alabama and Florida
IRA and HSA workshop held to educate credit union staff
Compliance calendar and training
Cooperative Initiatives News
CUNA launches volunteer network with tools, training and peer advice
CAFEC to hold 3rd Annual Financial Summitt
Save the date for Small Asset Size Credit Union Workshop
Tampa Chapter hosts Junior Achievement Training Workshop
The importance of choosing the right checking account
Education News
2011 BSA Training Opportunities
Financial literacy webinar Thursday Mar. 3
Education Calendar
LEVERAGE News
Florida credit unions now have the opportunity to provide debt protection to members
Get more bang for your buck with Office Depot BSD program
News from You
Longtime credit union pioneer Ehud "Ed" Merkel dies at age 90
ATCU's “Sweetheart Sweepstakes” Facebook Contest crowns a winner
Guardian's Casey honored for 52 years in the credit union movement
Seminole Schools FCU celebrate 75 years of service
EMPLOYMENT
View available credit union jobs
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LSCU Headlines

President's Point

The LSCU has a new feature in eSignal: President's Point. Each week the LSCU President/CEO Patrick La Pine will write about a timely topic. Credit unions are encouraged to give feedback each week. Just click the link at the bottom of this article. 

As you’re reading this, 131 credit union officials from Alabama and Florida are in Washington D.C. for the annual CUNA Governmental Affairs Conference (GAC). Our contingent is joining approximately 4,000 credit union staff and volunteers, vendors, and other system partners from around the country. They began pouring into the nation’s capital Sunday for this very important grassroots lobbying event.  Our Alabama/Florida contingent is up from 110 attendees last year, with many of our increased numbers being made up of first-time attendees.    
 
It was especially critical for credit unions from Alabama and Florida to attend this year. With so many new faces on the Hill and critical issues being debated, our collective voice needs to be unified and strong. During our Hill visits later this week, we will lay the groundwork for proactive legislative issues such as increased member business lending authority and the use of secondary capital. As Congress and the administration continue discussions on changing the tax code, it’s imperative that our congressional delegations understand the impact credit unions have on the economy and how the credit union tax exemption is still relevant and paramount to our ability to serve our 92 million member-owners. However, our top priority is delaying implementation of the new Fed regulation regarding interchange fees. This strategy of “’Stop, Study, and Start Over” will be an uphill battle.  

Wednesday afternoon a House Financial Services sub-committee will hold a hearing on the impact of the Dodd-Frank bill on smaller financial institutions, including the issue of interchange fees. Before the hearing, House Financial Services Committee Chairman Spencer Bachus (R-AL) will address the CUNA GAC along with Rep. Debbie Wasserman-Schultz (D-FL) who drafted and circulated a “Dear Colleague” letter last year on the issue. After his speech, credit unions from Alabama and Florida will hold a meeting with Chairman Bachus at the convention center. CUNA President/CEO Bill Cheney and the CEO of Gerber FCU, based in Fremont, Michigan, will testify at the hearing on behalf of the credit union industry.
 
With more than 100 new members of Congress and a new CUNA President in Bill Cheney, this is an important CUNA GAC. To keep up with the CUNA GAC, follow the League or me on Twitter. We will be “tweeting” every day, but especially during the Hill visits Wednesday and Thursday. The League will also send back daily videos that will chronicle the GAC, as well as the experiences of our member credit unions. The videos may be viewed every morning in our Video Center.

There is another grassroots lobbying opportunity this spring. I hope to see all of you in either Montgomery or Tallahassee for our State Governmental Affairs Conferences in March and April, respectively. As always, I welcome your thoughts and feedback.

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CUNA's Cheney, GFCU's Buckley to testify before House Financial Services subcommittee

CUNA President Bill Cheney and Gerber Federal Credit Union President/CEO John Buckley are scheduled to discuss the impact of the financial overhaul bill on small financial institutions at a House Financial Services subcommittee hearing on Wednesday.

The session will focus on issues such as the new Bureau of Consumer Financial Protection and the proposed rule regulating debit interchange fees. It is being conducted by the House Financial Services Committee’s Subcommittee on Financial Institutions.

Buckley, whose credit union is located in Fremont, Mich., is testifying on behalf of NAFCU. There will also be witnesses representing banks.

The hearing is scheduled to take place at 2:00 p.m. For more information, visit the House Financial Services website.

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CUNA: Two-year delay needed for interchange study

The U.S. Congress intended that small debit card issuers be protected from the rate regulations in the interchange law yet the Federal Reserve Board's implementation proposal fails to accomplish that goal, the Credit Union National Association (CUNA) said in its comment letter to the Fed filed yesterday. CUNA was commenting on the board's proposal to implement the interchange provisions of the Dodd-Frank Act.

CUNA also said that given the number and nature of the issues unresolved by the proposal, the Fed should work with Congress to delay interchange regulation implementation by up to 24 months to allow more time for discussion and consideration of how the interchange regulations would impact credit unions.

CUNA noted that interchange fee regulation is the most significant regulatory issue facing credit unions that offer debit cards, and said that credit unions are concerned about the impact that the interchange proposal could have on their members, debit card programs, and day-to-day operations.

To read the complete story, click here.

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LSCU welcomes credit unions to CUNA GAC with a reception

(L to R) Mary Ott Wood, CEO, Florida West Coast CU; Art Wood, CEO Railroad and Industrial FCU; and Patrick La Pine, President/CEO LSCU

As credit unions made their way to Washington D.C. for this week's CUNA GAC, the LSCU hosted a hospitality event Sunday night to kick off the event. This gave credit unions a chance to network and, for many, a chance to get to know some new friends. This year, 131 credit union officials from LSCU member credit unions made the trip. This is 11 more than last year and includes 33 first time participants.

(L to R) Kayce Bell, COO, Alabama CU, and Marquetta Cantrell, President, Rocket City FCU

The CUNA GAC officially began Sunday night with a concert by Three Dog Night. The sessions begin Monday morning at the Washington Convention Center. The featured speaker for Monday will be Sully Sullenberger, the pilot of the "Miracle on the Hudson." Credit unions will also get an in-depth legislative briefing from CUNA to help prepare them for Hill visits Wednesday and Thursday. The LSCU will also host a welcome reception Monday evening. 

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The first "LSCU at the GAC" video is available

For those credit unions that could not attend the CUNA GAC, the LSCU will bring the conference to them. The LSCU will  post a new video every day chronicling the experience. The first video focuses on the credit unions as they arrive in Washington D.C. and prepare for the conference. Credit unions will also meet the new LSCU Directors of Legislative Affairs Jared Ross and Jason Cochran. 

The videos may be found in the LSCU Video Center. Check back every day as a new video is posted. Later this week, the videos will focus on the conference speakers and also inside the lobby sessions on Wednesday.

Credit unions may also keep up with the conference via Twitter. Credit unions can follow the League's Twitter account or LSCU President/CEO Patrick La Pine's account. The League and La Pine will send updates from the conference, lobby sessions, and breakout sessions. Many times the updates will include pictures. This is a fun way to follow the flow of information out of Washington D.C.

Questions about the video or social media? Contact Mike Bridges at 866.231.0545 ext. 1022.

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Amber Tynan named Executive Director of SECU Foundation

It is LSCU's pleasure to announce that Amber Tynan has accepted the position of Executive Director, Southeastern Credit Union Foundation in the Cooperative Initiatives department effective today, Feb. 28. A graduate of Florida State University, Amber has been with LSCU since June 2004 when she was a marketing coordinator for FCUL Service Group. She left for a short stint at CBCInnovis but quickly returned to the fold as a business development manager and most recently as a member relations specialist with the Cooperative Initiatives department.

Amber has contributed a great deal to the organization in her various positions and has made a name for herself with her passion and enthusiasm for the credit union movement. She will continue with some of her responsibilities as a member relations specialist while laying the groundwork for the Southeastern Credit Union Foundation to grow and thrive.

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Deadline for LSCU dues tomorrow

To continue to provide one unified, powerful voice for credit unions in Alabama and Florida, the League of Southeastern Credit Unions needs a high affiliation rate.

Over the past 18 months, the League has been focused on providing its members best-in-class services and resources, extensive educational opportunities, and more member-related initiatives. Examples include:

  • The LSCU’s interactive website - www.lscu.coop
  • Ongoing meetings with Alabama and Florida lawmakers and NCUA officials concerning the issues impacting credit unions
  • Convenient, affordable and relevant education sessions. Visit the Education calendar for a list of events
  • Directing the LSCU Statewide Image Campaign, which will be implemented across both states for increased credit union visibility
  • Extensive national media coverage through articles in industry and local publications, including CU Journal, CU Times, and CUNA News Now
  • Robust small asset size credit union program targeting credit unions under $35 million in assets. This  includes a $400 initiatives account that can be used for any LSCU, CUNA, or LEVERAGE product or service

Credit unions in Alabama and Florida have many LSCU-initiated legislative and educational opportunities this year. In addition to the CUNA GAC happening now, the new LSCU State GACs are coming up Mar. 30-31 in Montgomery and Apr. 13-14 in Tallahassee. The League is also hosting a Small Credit Union Workshop in each state, as well as the LSCU Council Meetings, which target specific credit union disciplines.

The LSCU hopes that your credit union is seeing that the League is working harder than ever for member credit unions. The League appreciates all of the credit unions that have re-affiliated and understand that credit unions can achieve so much more through unity and cooperation. Just a reminder, dues are due to LSCU by Mar. 1. If you have any questions about affiliation, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545, ext. 2181.

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Start thinking about entries/nominations for 2011 LSCU Awards, information to be available this week

The League of Southeastern Credit Unions is proud to recognize those professionals, volunteers, and credit unions that have made outstanding contributions to the development and growth of the credit union movement in Alabama and Florida.

Start thinking about your entry/nomination for one of the following awards:

  • CEO of the Year

The Credit Union CEO of the Year Award recognizes a credit union professional that deserves recognition for their contributions to advance the credit union movement in their state and the nation.

  • Volunteer of the Year

The Credit Union Volunteer of the Year Award recognizes the credit union volunteer who has selflessly contributed time, effort, and talent to the development of the credit union movement in their state.

  • Distinguished Service Award

The Distinguished Service Award recognizes lifelong service to the credit union movement reaching beyond the natural person credit union.

  • CU of the Year Award

The award recognizes an individual credit union for its outstanding achievements in the various areas of day-to-day operations, financial prowess, and community outreach. This award will be judged based on credit union asset size categories.

  • Brother’s Keeper Award

The Brother's Keeper Award recognizes exceptional efforts by credit unions to provide ongoing assistance to developing credit unions through various means.

Look for more information to be sent via email and available on www.lscu.coop this week.


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Governmental Affairs News
Register today for one of the LSCU State GACs

Registration is now open for the LSCU State Government Affairs Conferences (GAC) coming up Mar. 30-31 in Montgomery and Apr. 13-14 in Tallahassee. Credit unions are encouraged to attend in their respective state. The state GACs are built to inform credit unions of the hot legislative and regulatory issues, as well as put them in front of their lawmakers for short lobby sessions.

The state GACs will feature NCUA Region III Director Herb Yolles, CUNA VP, Legislative Affairs Ryan Donovan, and each state's regulators. These events are great opportunities for credit unions to become involved with the grassroots nature of the credit union movement. A PAC fundraising roundtable, along with PAC Best practices, will also be featured. 

  • To learn more about the Alabama State GAC and to register, visit the LSCU Alabama GAC page.
  • To learn more about the Florida State GAC and to register, visit the LSCU Florida GAC page.

Each state GAC will also feature a pre-conference financial literacy training for credit union directors. This will help credit unions come into compliance with the new NCUA rule.

For more information on the LSCU State GACs, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545 ext. 2137.

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Florida roundup: LSCU legislative update, Gov. Scott's pay for pension proposal

Florida Politics Week in Review:

This week marked the final time the Legislature would travel to Tallahassee before the start of the 2011 Legislative Session. While pension reform was the hot topic of the week, there were several other notes of interest during the last interim committee week as well.

LSCU Legislation Update

For the past few weeks, the LSCU Governmental Affairs team has been updating you on the progress of a bill being offered by the Office of Financial Regulation. Earlier this week, LSCU sent out an email with the original language that was being offered, the expected new language, and a side-by-side comparison of the two. LSCU now has the actual bill, as filed by Sen. Garrett Richter (R-Naples). SB 1332, a bill relating to financial institutions, was filed on Feb. 23 and reflects the significant changes made to the bill after the LSCU Government Affairs team met with the Office and expressed our concerns. LSCU is still awaiting the House version of the bill, which is expected to be filed next week and be identical to the Senate version. LSCU will continue to keep you informed on the progress of this legislation and any changes that may be made.

Also this week, Rep. Clay Ingram (R-Pensacola) filed legislation that will make it possible for credit unions to become qualified public depositories in the state of Florida. Our team has been working diligently with Rep. Ingram on the issue and is pleased to announce HB 999 was officially filed on Feb. 24. Sen. Chris Smith (D-Ft. Lauderdale) has agreed to file the Senate version of this bill and we expect that to happen any day. The LSCU Governmental Affairs team will be calling upon their grassroots network at the appropriate time to help ensure that the Legislature knows how important this piece of legislation is to their members.

Pay for Pension

For years, Florida’s state employees have received payments into their state pension without having to contribute themselves. One of Gov. Rick Scott’s solutions to plug the gaping hole in Florida’s budget is to require these employees to contribute 5 percent of their annual salary into their pension plans. While the governor’s recommendation has been widely criticized by many of the public employees it would affect, legislators are not opposed to the idea. However, Sen. Jack Latvala (R-Palm Harbor) believes the 5 percent requirement may be a bit too much, and has proposed a cap of 2 percent for rank-and-file state workers and those in special risk classes (police and firefighters) and a 4 percent cap for senior management and elected officials. Also included in the senator’s proposal, SB 1130, is allowing employees who make under $75,000 to have the choice whether they want to be part of the traditional pension plan or a private sector-styled investment plan. “I feel strongly that many people work for government for the pension they get,” Latvala explained.

Haridopolos “Admonished” by Senate Panel

Senate President Mike Haridopolos (R-Melbourne) was given a letter of admonishment by the Senate Rules Committee for incorrectly filling out financial disclosure forms. The panel, chaired by Sen. John Thrasher (R-Jacksonville), unanimously ruled on Thursday that the “violations were neither willful nor intentional,” and Haridopolos took action to correct the mistakes, which included failing to disclose certain assets from 2004 to 2008, including an investment property in Mount Dora and a second source of income from a consulting firm he ran. Similar cases from 2000 in the Florida House had resulted in letters of admonishment, according to Staff Director, John Phelps, and Sen. Thrasher, in response to a letter by Sen. Haridopolos, agreed admonishment was appropriate, stating, “[B]ecause of the sincerity and the letter written by the President apologizing to the members of the Senate, I think what we are doing is the appropriate action.”

Four Floridians Potential Veeps?

According to former Speaker of the House, Newt Gingrich (R-Georgia), Florida is home to four potential vice presidential candidates for 2012. Gingrich, who is contemplating a run at the White House, believes U.S. Representative Allen West (R-Plantation), U.S. Senator Marco Rubio, and Gov. Rick Scott are all viable candidates, along with former Gov. Jeb Bush. While Bush maintains he has no interest in running for president, or vice president, this will be interesting to watch as we move closer to the 2012 election. The Republican National Convention will be held in Tampa, Florida during the week of Aug. 27, 2012.

If you have any questions on the Florida Legislature, contact LSCU Director, Legislative Affairs Jared Ross at 866.231.0545 ext. 1012.

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Compliance Corner
League InfoSight highlight: FinCEN warns of elder financial exploitation

The League InfoSight newsletter has a story this week looking at a new Financial Crimes Enforcement Network (FinCEN) advisory that helps financial institutions spot and report activities involving elder financial exploitation.

FinCEN requests that financial institutions select the appropriate characterization of suspicious activity in the Suspicious Activity Information section of the SAR form and include the term "elder financial exploitation" in the narrative portion of all relevant SARs filed. Explicit mention of a particular term in the SAR greatly assists investigators in quickly identifying possible illicit activity.

The red flags noted in the advisory include both activity that may come to bank personnel attention through monitoring transaction activity and through interactions with customers or their caregivers:

  • Frequent large withdrawals, including daily maximum currency withdrawals from an ATM, debit transactions that are inconsistent for an elder, or sudden non-sufficient fund activity
  • A caregiver or other individual shows excessive interest in the elder's finances or assets, does not allow the elder to speak for himself or herself, or is reluctant to leave the elder's side during conversations

Read the full advisory in the League InfoSight newsletter.

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.

 

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League InfoSight usage climbing in Alabama and Florida

As League InfoSight has evolved, it's become a must-read website for credit unions. It contains a weekly newsletter with the latest information on compliance. The newsletter includes a Q&A section with relevant questions. The website has a model policy section that helps credit unions get started in implementing new policies.  

Credit unions in Alabama and Florida are relying on League InfoSight more and more every month. Compared to January 2009, Alabama’s hit volume on League InfoSight increased 54 percent while Florida’s increased 65 percent. This past January was the second highest hit volume in InfoSight history for credit unions.

As more regulatory proposals and policies are discussed, credit unions should rely on League InfoSight. For more information on it, contact LSCU VP, Regulatory Affairs Bill Berg at 866.231.0545 ext. 1028 or Director, Compliance Scott Morris at ext. 2165.

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IRA and HSA workshop held to educate credit union staff

The training room at Envision CU was packed as everyone was busy completing their IRA/HSA IQ Test.

On Wednesday, Feb. 23, the Tallahassee Chapter had 34 people sign up for the IRA/HSA program that was presented by Vice President of Regulatory Affairs Bill Berg.  This is the fifth time Bill has presented this workshop this month.  This program is more of a 500-foot view of IRAs and HSAs. The Education Department has two excellent all-day programs (Essentials and Advanced) scheduled in our Birmingham office on Mar. 15 and 16. From now until Apr. 18 is the peak time for IRA contributions.

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Compliance calendar and training

Compliance Calendar

February 28
IRS Forms Due to IRS/SSA

For the complete list of calendar dates and compliance trainings, visit the LSCU Compliance Calendar

*Note - Compliance Calendar requires your League InfoSight login.

 
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Cooperative Initiatives News
CUNA launches volunteer network with tools, training and peer advice

Recent regulatory changes and the increasingly complex and demanding role credit union volunteers have driven CUNA’s launch of the CUNA Volunteer Network, an online community and resource center for credit union volunteers.

The CUNA Volunteer Network keeps members informed and connected with their credit union peers by providing exclusive access to current industry news and research, CUNA Volunteer Network List Serve’s community of peers, board training courses, discounts on educational opportunities, and much more.

“It’s a CUNA priority to provide board members the best possible resources to help them strongly contribute to their credit unions’ success,” said James Carrick, Director, Strategic Alliances & Volunteer Education. “We see the great value directors garner from networking opportunities while attending CUNA schools and conferences. Due to tight budgets, personal schedules, lack of time and other factors, we understand that attending these events are challenging, yet volunteers recognize the need for training and timely industry interaction. This is exactly what the CUNA Volunteer Network provides - ­­­­access to leading industry training, business insight, tools, and peer advice, 24 hours, 7 days a week.”

The CUNA Volunteer Network membership benefits include online access to:

  • The power of immediate communication with board members across the country
  • Twenty downloadable board training courses
  • Free enrollment in CUNA's premier Volunteer Certification Program
  • Exclusive white papers and case studies
  • Additional savings on CUNA educational events
  • Credit Union Magazine
  • Directors Newsletter
  • Complimentary handbook PDFs
  • Current educational resources

For membership details and to become a CUNA Volunteer Network member, click here.

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CAFEC to hold 3rd Annual Financial Summitt

The Central Alabama Financial Education Coalition 3rd Annual Financial Summit, themed “Financial Education for Every Stage of Life”, will be held Thursday, Mar. 3 from 8:30 a.m. to 4:30 p.m. at the Birmingham Branch of the Federal Reserve Bank of Atlanta.

LSCU employees Adena Whitman and Amber Tynan will be hosting a breakout session on the NEFE High School Financial Planning program. See the full agenda and registration information at www.mymoneysmarts.org. Due to no onsite registration, be sure to register PRIOR to the event.

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

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Save the date for Small Asset Size Credit Union Workshop

The LSCU would like Small Asset Size credit unions to save the date for a workshop coming up in March. Join the League and peer credit unions for the 2011 SAS Credit Union Workshop.

The workshops will be held:

March 22, Orlando, FL
9am – 4:30pm EST @ CFE FCU

March 23, Birmingham, AL
9am – 4:30pm CST @ Legacy Community FCU

For just $79, credit unions will receive the tools needed to be successful this year. Find out more about featured topics and registration information by visiting the LSCU Education Calendar at www.lscu.coop.

Don’t forget, SAS credit unions can use their $400 initiative account to cover registration fees for this workshop. To learn more about this initiative, click here.

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Tampa Chapter hosts Junior Achievement Training Workshop

The Tampa Chapter hosted a Junior Achievement (JA) Training Workshop at Suncoast Schools FCU on Feb. 16. The goal of adding this new program is to extend another opportunity for their area credit union volunteers to provide financial education to local teenagers. Senior Education Director Carla Prescott trained the 26 attendees on materials that included topics on economics, personal finance, and career planning. By combining the chapter efforts in this new partnership with JA and the National Endowment for Financial Education (NEFE) the chapter is confident it can give back even more to the community by increasing the investment of their most valuable resources – their young people.

Interesting statistics include:

  • JA partnered with NEFE four years ago to marry the two trainings for high school students to work in conjunction with one another
  • More than 71,000 students in more than 3,500 classrooms in the West Central Florida office alone have taken this course

Another component of their program in West Central Florida is their JA Biztown facility. Prior to visiting JA BizTown, students engage in a comprehensive 16-hour classroom curriculum that leads students through the study of business principles, career exploration, banking procedures, business decisions, and economic terms. The curriculum immerses students into the exciting and challenging free enterprise system. The goal is to enable students to relate economic terms through the hands-on experience of running an interactive town. Students must demonstrate the skills involved in maintaining a checking account and will begin to identify the various banking services. The curriculum emphasizes the importance of ethical business practices, teamwork, and making sound business decisions. Throughout the program students also begin to recognize that career and job choices are related to personal interest, skills, knowledge, and education.

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The importance of choosing the right checking account

New government laws and regulations are causing financial institutions to lose income. To make up for this loss income, banks are issuing new fees on their current checking accounts and increasing current fees. Gone are the days of “free checking”, making this the perfect time for consumers to re-evaluate their checking account.

The first question consumers should ask is, “Does my checking account fit my current financial needs?” Students are probably more interested in perks like free checks and ATM refunds, while older adults may want an account that earns interest. If your checking isn’t matching up to your lifestyle, then the answer is “no”.

Next, consumers need to look at the structure of their checking account. Does it come with monthly fees or service charges? Is there a minimum balance required every month and how much is it? Can I customize it to better suit me? Does it offer perks, overdraft protection or earn interest? Can I access my account via telephone, internet, and mobile banking? Does it feature online bill payment? Is my financial institution rated high in stability and soundness? Is my account getting the maximum deposit insurance?

It’s important to also read the fine print. Some financial institutions promise no fees IF you meet certain requirements. However this is not always easy, as oftentimes it requires consumers to either maintain a high balance in their account, set up a monthly minimum direct deposit or link it to another product.

“The new checking fees are making consumers angry and more importantly making them react. Many people are finding switching their checking isn’t as difficult as they think, and the best way to avoid fees is to chose a financial institution with little to no fees and requirements,” states Stanton Davis of Alabama Telco Credit Union.

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Education News
2011 BSA Training Opportunities

LSCU has three remaining BSA Training opportunities to date for 2011. At each location, the League will offer two sessions, one in the morning and one in the afternoon.

The agenda for each date will be as follows:

8:30 a.m.          Registration – Morning Session
9-11:30 a.m.     BSA Training
11:30 a.m.        Boxed Lunch Provided to ALL Participants
12:00 p.m.        Registration – Afternoon Session
12:30 - 3 p.m.   BSA Training

This BSA Training class is appropriate for frontline staff, lenders, officials, managers and compliance officers. The two and one half hour class incorporates a Currency Transaction Report workshop and a Suspicious Activity Report workshop (focusing on narrative preparation) in which attendees study completed forms based on several common scenarios. A few of the topics discussed 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.

Locations:
Apr. 6             Mobile, AL / Blue Flame CU Auditorium
May 18           Birmingham, AL / LSCU Ground Floor Conference Room
Oct. 18           Muscle Shoals, AL / Listerhill CU

Participants in the BSA Training workshop will receive a certification letter upon completion of the session.

The cost for each course is $75 per person. For more information, visit the LSCU Education Calendar. [ Return to Top ]

Financial literacy webinar Thursday Mar. 3

Federal credit unions that continue to struggle with understanding the new NCUA rules that require directors to have training in financial literacy, can become compliant the first week of March. T

LSCU is offering one more webinar in the next three months that will help credit unions become compliant:

  • Mar. 3 - Required Financial Literacy Training for Directors Under NCUA Guidelines: Ratios, Concentration, Investment Evaluations, and More

LSCU will also offer training sessions at the State GACs in March, April and the Annual Convention and Exposition (AC&E) in June. LSCU V.P., Regulatory Affairs Bill Berg and VP, Cooperative Initiatives Laura Vann will facilitate those sessions, plus one in South Florida. Visit the LSCU Educational Calendar to sign up for one of the webinars. More information will be available soon on the training sessions.

For more information on the training, contact LSCU Association Services Support Specialist Becki Payne at 866.231.0545 ext. 2129.

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Education Calendar

Wednesday, February 23
Advanced Issues in Dormant Accounts & Unclaimed Property
3:00 PM - 4:30 PM EST - webinar

Sunday, February 27 - Thursday, March 3

CUNA GAC
Washington, D.C.   
Click here to view calendar/times of events

Wednesday, March 2 
When a Deposit Member Dies 
3:00 PM - 4:30 PM EST - webinar

Thursday, March 3 
Required Financial Literacy Training  
3:00 PM - 4:30 PM EST - webinar

Tuesday, March 8 
Implementing Mortgage Reform & Anti-Predatory Lending 
3:00 PM - 4:30 PM EST - webinar

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LEVERAGE News
Florida credit unions now have the opportunity to provide debt protection to members

As of late December, CUNA Mutual, a LEVERAGE partner, is the first company to have Debt Protection rates approved in Florida for credit unions. CUNA Mutual has been working with the League and lobbying for this product to be available for years. The Florida Insurance Department forms are pending, and expected to be approved shortly. This is good news for Florida credit unions and their members.

While Debt Protection isn't for every credit union -- CUNA Mutual’s credit insurance provides an excellent solution to meet member and credit union needs -- it does afford additional benefits, such as involuntary unemployment protection for members, the ability for credit unions to design program benefits with CUNA Mutual and set the retail price, avoid staff licensing, and extending the credit union's brand (Debt Protection may be private-labeled from CUNA Mutual). 

CUNA Mutual has more credit union clients on Debt Protection than any other provider in the credit union industry and will work with credit unions to assess its needs and find the right solution – which may include Debt Protection.

CUNA Mutual sales representatives will be contacting credit unions soon with more information about the many benefits of this new product and how it may be the right fit for your credit union.

For more information, click here to visit CUNA Mutual's website.

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Get more bang for your buck with Office Depot BSD program

LEVERAGE is your resource for access to deep discounts on more than office supplies through the Office Depot Business Services Division (BSD) program. Redeem this March Smart Offer on discounted Double-A Brand Copy Paper, just $14.99 per five-ream case. Offer is valid through Mar. 31.

Click here to view the complete offer.

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News from You
Longtime credit union pioneer Ehud "Ed" Merkel dies at age 90

A strong member of the credit union movement passed away last week. Ehud “Ed” Merkel died Feb. 22 after suffering for many months. He celebrated his 90th birthday last September. Ed was a Florida Credit Union League consultant for many years in the south Florida area. He was actively involved in opening many new credit unions over the years. He was also a past recipient of the FCUL Volunteer of the Year Award for his commitment to the movement and his continued service on the board and supervisory committee for two local credit unions including PBC Credit Union.

Ed lived an amazing life. Feb. 22 was also the 67th anniversary of the day the plane that Ed was piloting was shot down over Germany during World War II. He spent nearly two years as a prisoner of war in Germany. He survived that ordeal and was able to help the world to be a better place.

Family received friends on Feb. 26 at the Tillman Funeral Home on Military Trail in West Palm Beach, FL. The military honors funeral will be held at the VA cemetery on 441 in Lantana, FL on Friday, Mar. 4 at 11 a.m.

For those wishing to send a card, please send to his wife at the following address:

Mrs. Helen Merkel
313 Cypress Lane
Palm Springs, FL  33461

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ATCU's “Sweetheart Sweepstakes” Facebook Contest crowns a winner

Timothy and Lana Brooks have a little fun on their date night thanks to Alabama Teachers Credit Union.

For a second year in a row, ATCU offered a facebook promotion in honor of Valentine’s Day. Members were asked to submit a picture of themselves and their sweetheart for a chance to win a “date night” courtesy of ATCU. 

There were a total of 47 entries and through a random drawing, members, Timothy and Lana Brooks won their date night.

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Guardian's Casey honored for 52 years in the credit union movement

Landel Casey received the 2010 LSCU Distinguished Service Award.

Landel Casey was honored with a retirement dinner on Tuesday, Feb. 22 at the Alabama Activity Center in Montgomery. Approximately 150 guests celebrated Casey’s 52 years of service to the credit union movement and more than 26 years as President/CEO of Guardian Credit Union.

The Guardian board of directors presented Casey with several special gifts including an American flag that was flown in Operation Iraqi Freedom, a Sentinel statue, as well as naming Guardian's main office the Landel Casey Building. 

Casey was presented with the title of Honorary Colonel of the Alabama National Guard and the Alabama Distinguished Service Medal by recommendation of Major General A.C. Blalock and awarded by former Gov. Bob Riley.

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Seminole Schools FCU celebrate 75 years of service

Congratulations to Seminole Schools Federal Credit Union on their 75th anniversary. The credit union was formed on Feb. 7, 1936 by 27 men and women, as well as employees of Seminole County Public Schools who shared the same belief that people can have a better and brighter future by helping each other. A reception was held on Feb. 17.

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EMPLOYMENT
View available credit union jobs

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

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