LSCU eSignal Weekly
LSCU eNews Weekly April 18, 2011
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LSCU eNews Weekly
In This Issue
LSCU Headlines
President's Point
Rep. Posey an early co-sponsor of new MBL House bill
Sen. Tester reiterates need to delay interchange implementation
State GAC in Florida immersed credit unions in state and federal legislative and regulatory issues
2011 for LSCU board nominations due April 25
Sen. Bill Nelson to speak at LSCU Annual Convention & Exposition
Make plans to attend the 2011 SCUMA Annual Conference Aug. 24-26
It's been extended! Deadline for LSCU & CUNA award entries now May 3
Credit Union House highlights GAC, organizational leadership in first-quarter newsletter
NCUF opens Herb Wegner nominations open for 2012
Governmental Affairs News
Florida roundup: Florida politics week in review, LSCU legislative update
Alabama roundup: Alabama legislative update, right of redemption update
Credit unions can contribute to the LSCU's AC&E Silent Auction
Compliance Corner
League InfoSight highlight: NCUA issues letter to extend interest rate ceiling
Compliance calendar and training
Cooperative Initiatives News
Scholarships available for educational events
Education News
More than 40 CU professionals become CUDE certified including the LSCU's Grayson
2011 BSA Training Opportunities
Education Calendar
LEVERAGE News
New e-learning modules make it easy to get up to speed on MemberCONNECT
Out with the old in with the new with Office Depot essentials
News from You
Insight credit union launches ‘Insight Inspire’ community service initiative
JetStream FCU receives five star rating from Bauer Financial
EMPLOYMENT
View available credit union jobs
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LSCU Headlines

President's Point

At the League, we’ve spent our first year and a half getting the newly formed LSCU structurally sound and mission focused on the needs of our member credit unions.  Going into this year’s planning process, we will take a more outside-in approach and focus heavily on looking at various scenarios that could shape the future of our industry, and in turn, the League and LEVERGE. I think we’ve done a good job responding to the immediate needs of our credit unions this first 18 months, but moving forward we need to start positioning the League and LEVERAGE for continued long-term success and financial stability. I would encourage credit unions to do the same beginning with a longer view strategic planning process.

Momentum is building in Washington D.C. for the delay in implementing the Fed’s interchange fees proposals. However, I wonder what credit union debit card programs will look like in five to 10 years? Google and Apple each came out in support of delaying the Durbin amendment. Each has a stake in this fight because each is exploring mobile payments. Roughly 20 percent of cell phone users have a smart phone. iPad sales are expected to reach 28 million this year. Eventually our cell phones, iPads or similar devices will become consumers portals of choice for payment solutions instead of debit and credit cards. As we keep focused on delaying interchange we must also stay focused on what’s next and ensure credit unions have a place at the table.

Long-term strategic planning is not as difficult and time consuming as you might think. It takes commitment by your credit union’s senior management and board of directors. However, I think if you haven’t asked your staff and board for ideas, you might be surprised at what they will tell you. It’s also on opportunity to further the collaborative spirit of our industry by talking with other credit unions and looking for ways to work closer together. As a League, we will work harder to bring credit unions together to look long-term and to project the trends of our industry. We are working closer with many leagues around the country on products and services while collaborating on ideas for potential needs of our members.

I’m not big on quotes, but Thomas Edison really put it best when he said, “We shall have no better conditions in the future if we are satisfied with all those which we have at present.” I know we’re not satisfied with our operating environments and we want better conditions for the future, but it will take all of us to make that happen. Think long term, stay on top of the trends and look for ways to implement innovation. With a strong vision for the future, we will continue to meet our members’ needs through the most unique financial institutions in the industry.

Please send along any feedback you might have on this column.
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Rep. Posey an early co-sponsor of new MBL House bill

When Reps. Ed Royce (R-CA) and Carolyn McCarthy (D-NY) introduced H.R. 1418, legislation to lift the member business lending cap for credit unions, the bill had three original co-sponsors. Last week Rep. Bill Posey (R-FL) became the first member of the House to put his name on the bill after the original co-sponsors. 

H.R. 1418, which is known as the Small Business Lending Enhancement Act, is similar to Senate bill S. 509 which was offered by Sens. Mark Udall (D-CO) and Olympia Snowe (R-ME) last month. The bill would lift the MBL cap from 12.25 percent to 27.5 percent. 

CUNA estimates that the MBL cap lift could provide up to $13 billion to small businesses in the first year alone and create over 140,000 new jobs, at no cost to taxpayers. Sen. Udall spoke in support of his bill on the Senate floor last week, calling on his fellow senators to help him "get government out of the way" and allow credit unions to increase their lending to small businesses.

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Sen. Tester reiterates need to delay interchange implementation
Last week on the Senate floor, Sen. Jon Tester (D-MT) called for further consideration of an interchange fee cap proposal, saying that Congress needs to stop, study and "make sure [it is] doing the right thing" before moving forward.

"If we do not measure twice and cut once, we're bound to create a whole new set of problems," he added.

Tester, along with Sen. Bob Corker (R-TN), introduced legislation, S. 575, that would delay implementation of the interchange legislation by two years and would order federal regulators to study the impact that the interchange changes could have on consumers, financial institutions, and others. The legislation currently has 16 co-sponsors including Sen. Bill Nelson (D-FL).

Sen. Tester also pointed out that most federal regulators, including FDIC Chairman Sheila Bair, have publicly questioned whether small issuers would benefit from this exemption.

Tester said that while backers of the interchange legislation claim that it would help small businesses, it can actually present greater problems for them by potentially limiting their access to free checking accounts.

"This notion that some have raised that these proposed rules are a slam dunk for small businesses ... it is simply false," he said.

CUNA President/CEO Bill Cheney said that "the time window for action is relatively short," and urged credit unions and their members to take part in a "Call on Congress" campaign, 877.422.3525, launched by CUNA and the LSCU that will encourage legislators to "stop, study and start" over on interchange.

Credit unions are asked to utilize the call number or the resources on Save My Free Checking website.  The website sends credit union staff or members directly to the CUNA Capwiz area to send a note to their lawmakers. The LSCU has web banners, call cards and "Save my Free Checking" stickers available for credit unions. You can find them on the LSCU MBL and Interchange Resource page. [ Return to Top ]

State GAC in Florida immersed credit unions in state and federal legislative and regulatory issues

Rep. Clay Ingram (R-Pensacola) thanked credit unions for the services they provide members

The State GAC in Florida immersed credit unions in state and federal issues, provided interaction with state and federal regulators and visits with their lawmakers. The GAC was highlighted when Rep. Clay Ingram (R-Pensacola) stopped by the conference to speak to the attendees about the public deposits bill he sponsored in the House. Rep. Ingram thanked the credit unions for what they do for members. Visit the LSCU Video Center for a State GAC wrap-up video. 

The lawmaker visits centered around the public deposits bill and the unique ways that credit unions are helping the underserved in their communities. Jacksonville area credit unions were able to talk about the new Bank On initiative to reach those without a bank account. Rep. Mia Jones (D-Jacksonville) said she was glad to see credit unions being a part of this initiative. Credit unions also told their lawmakers that they are trying to lend to those needing loans and that it's helpful for legislators to know that credit unions have not turned off access to credit.

A legislator reception was also held where credit unions could interact with their lawmaker in a relaxed atmosphere.

NCUA Region III Dir. Herb Yolles addresses the State GAC while OFR Dir. Linda Charity looks on

At the Regulatory Roundtable with NCUA Region III Director Herb Yolles along with Linda Charity and Bruce Ricca from OFR. Yolles reiterated that he's talking to his examiners about communicating better and that credit unions can push back if they feel that they have questions after getting the results. Yolles said credit unions have the right to question the results, especially if they don't understand what the examiner is suggesting. He also said the NCUA is concerned with interest rate risk and third party vendors.

Charity and Ricca said that they would like state examiners to have more contact with credit unions and build relationships. Ricca said that anything an examiner tells a credit union they need to improve on is meant with the best intentions. OFR also reiterated that communications is key during the exam. OFR is also concerned about interest rate risk, as well as balance sheet diversification and the future directors for the institutions. Where they will come from and the knowledge base they will have on how to set the course for credit unions.

CUNA VP of Legislative Affairs Ryan Donovan lays out the federal issues

Ryan Donovan, CUNA vice president of legislative affairs, spent an hour laying out the current federal legislation that included member business lending and interchange delay. CUNA has a five-point plan on interchange that includes trying to solve the problem and securing 60 votes in the Senate. Currently they do not feel they have the 60 votes. Donovan pointed out that the bank lobby spent more than $31 million in 2010 while credit unions spent only $2.2 million. It shows the credit unions can't outspend the banks, but need to have a better message like, "Credit unions are the best way for consumers to conduct their financial services."

The League's contract lobby team briefed attendees on the state legislative outlook. They gave an overview of the current legislative session and the governor's first few months in office. Their overall message to credit unions was a familiar one, "Get involved because interaction with lawmakers is more important now than ever." They said the State GAC is a good step for credit unions to begin their advocacy efforts.

Attendees also spent about 90 minutes talking about PAC fundraising and advocacy best practices. Mary Wood, CEO of Florida West Coast Credit Union and Jan Sheffield, chief of staff at Florida Commerce Credit Union, shared ways they have gotten their staff involved in PAC fundraising. The message was to sell your employees on what it means to be a part of the credit union system. During lunch, PAC fundraising awards were handed out. Suncoast Schools was awarded the President's Award for the most money raised by a credit union, while the Tampa Chapter received the Leadership Award for the for the most money raised by a chapter.

L to R:Railroad and Industrial FCU CEO Art Wood, Florida Attorney General Pam Bondi and Florida West Coast CU CEO Mary Wood

Rep. Mia Jones (D-Jacksonville) meets with credit unions from her district

 
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2011 for LSCU board nominations due April 25

The LSCU board has four director positions open, two in Alabama and two in Florida. Each of the positions is from a different class. The open Alabama positions are class A and D, while the Florida open positions are class B and C. Credit unions in those class categories were mailed packets last week that detailed the board positions, nomination forms and the breakdown of each class. While only credit unions in each respective class are eligible to nominate a candidate, all credit unions in Alabama will vote for the Alabama nominees and all credit unions in Florida will vote for the Florida nominees. 

For those credit unions that are not familiar with the class categories, they are broken down below:

  • Class A - credit unions with less than 2,000 members
  • Class B - credit unions with between 2,000 and 15,000 members
  • Class C - credit unions with between 15,000 and 40,000 members
  • Class D - credit unions with more than 40,000 members

Be sure to get any nominations you have in by April 25.

If your credit union is interested in nominating someone for the board, use the materials that were mailed two weeks ago. If you have questions or need the nominating form sent again, contact LSCU Executive Assistant to the President Teresa Gray at 866.231.0545 ext. 2110. [ Return to Top ]

Sen. Bill Nelson to speak at LSCU Annual Convention & Exposition

This year’s LSCU Annual Convention & Exposition has added Sen. Bill Nelson (D-FL), another great speaker to its already impressive list of events. Sen. Nelson is widely recognized as a proponent for small businesses including credit unions.

Sen. Nelson has recently been on the side of small institutions and credit unions with his support for S.509, a bill to amend the Federal Credit Union Act, to advance the ability of credit unions to promote small business growth and economic development opportunities (otherwise known as the Member Business Lending bill), and S.575, a bill to study the market and appropriate regulatory structure for electronic debit card transactions, which he co-sponsors both.

Currently, Sen. Nelson is the only Senator in the country that is co-sponsoring both Senate bills.

For more information, and to register for the Annual Convention & Exposition, visit the LSCU AC&E page. [ Return to Top ]

Make plans to attend the 2011 SCUMA Annual Conference Aug. 24-26

Most credit union conference agendas blend the subject matter to fit both management and volunteers alike. You should be introduced you to a different type of conference, the Southeast Credit Union Management Association's Annual Conference. Each session you attend promises to be relevant, rewarding, and inspiring!

The 2011 Annual Conference will again be held at the Sandestin Hilton Beach Golf Resort & Spa located on one of the most beautiful beaches in the South. The dates for this year’s conference is a little earlier in the year than it has traditionally been held, Aug. 24-26, 2011.

This year’s dues form can be downloaded by clicking here. Please return to LSCU Executive Assistant to the CEO, Teresa Gray, via fax at 205-437-2128, or mail to her attention at LSCU, P.O. Box 380428, Birmingham, AL 35238.

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It's been extended! Deadline for LSCU & CUNA award entries now May 3

Don't miss your chance for your credit union to shine! If you haven't already, tell us and your peers about a person or a project that your credit union/chapter would like to recognize. The April 15 deadline has been extended to May 3. This gives you additional time to send in your entry.

Is there a professional or a volunteer that you feel has gone above and beyond in their contributions the credit union movement? If so, nominate them for one of the following:

  • Professional 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 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 recognizes lifelong service to the credit union movement reaching beyond the natural person credit union.

How about your credit union? Has it been operating effectively and efficiently or reaching out to the community? If so, enter it for: 

  • CU of the Year 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.

If you know of a credit union that has helped another credit union in a way that deserves recognition, then nominate it for:

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

And, don't forget the awards program through CUNA that provides opportunities to showcase those programs, projects, or events from your credit union that promotes the "people helping people" philosophy:

  • Dora Maxwell Social Responsibility Community Service Award. The Dora Maxwell Social Responsibility Community Service Award is designed to recognize and promote credit unions’ social responsibility efforts within their communities.
  • Louise Herring Philosophy-in-Action Member Service Award. Recognizes credit unions for putting the “people helping people” philosophy of credit unions into action. The focus is on internal credit union programs and services.
  • Desjardins Youth and Adult Financial Education Awards. Recognize leadership within the credit union movement on behalf of financial literacy. It considers all activities supporting the personal financial education of members and nonmembers. NOTE: The adult financial award option is new for 2011.

For more details about each award listed above as well as the nomination/submission forms, visit the LSCU CU Awards web page on the LSCU website and click to view the LSCU Awards brochure. [ Return to Top ]

Credit Union House highlights GAC, organizational leadership in first-quarter newsletter

The focus of the first-quarter of each year can be easily summed up in 3 letters: GAC. It is a key time for credit unions to be involved in various legislative and regulatory initiatives.

In addition to hosting events on Capitol Hill, Credit Union House also holds its Annual Membership Meeting in conjunction with CUNA’s GAC each year. This meeting provides an opportunity for the LLC owners to hear an update on Credit Union House activities and to set the direction for the future of the house, which is now entering its eleventh year of operations.

There was a reorganizational board meeting immediately following the annual meeting, which also announced the induction of ten individuals to the Hall of Leaders.

To find out more about the newly elected board members, along with the Hall of Leaders inductees, download the CU House newsletter by clicking here. [ Return to Top ]

NCUF opens Herb Wegner nominations open for 2012

Credit unions are encouraged to submit a nomination for the National Credit Union Foundation's (NCUF) Herb Wegner awards. The Wegner awards are among the highest the credit union industry bestows upon organizations and individuals. 

There are three awards given every year:

  • The Individual Achievement Award honors an unsung hero for innovative concepts and/or accomplishments that have made a significant impact on the national and/or international credit union movements within the past 10 years – or have a significant potential impact now.  Nominations must cite a specific subject of achievement.  Examples include financial literacy, service to the underserved, alternatives to predatory lending, and/or new products
  • The Outstanding Organization/Program Award honors an organization or program for innovative concepts and/or products/services that have made a significant impact with measured results on the national and/or international credit union movements
  • The Lifetime Achievement Award honors an individual who has dedicated his/her life to promoting the credit union philosophy of “People Helping People.”  This person must have created innovative concepts and provided leadership that has made a significant and lasting impact on the national and/or international credit union movements

Nominations can come from individuals and/or organizations. There are three steps to make a nomination:

  1. Complete the Wegner Awards nomination form on the NCUF website 
  2. Gather at least five letters of recommendation citing examples of the nominee’s achievements relevant to the award criteria
  3. Send the nomination form and recommendation letters electronically to NCUF by June 17
Winners will be honored at the awards dinner on March 19, 2012 in conjunction with the CUNA GAC in Washington, D.C.

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Governmental Affairs News
Florida roundup: Florida politics week in review, LSCU legislative update

While the hope was the chambers could begin the budget conferencing process before taking a break for the religious holidays, the presiding officers were unable to agree on an allocation amount, and therefore the budget process suffered a setback which may lead to an extended 2011 Session. This week, the Senate has taken off for Passover and Easter while the House will return to Tallahassee for meetings on Wednesday and Thursday.

LSCU LEGISLATION UPDATE

Public Deposits Legislative Update:

HB 999 by Rep. Clay Ingram (R-Pensacola) was not placed on the agenda of the House Economic Affairs Committee this week. The Economic Affairs Committee will meet one more time, however, the chair of the committee, Rep. Dorothy Hukill (R-Port Orange) has been very honest and said the lack of movement in the Senate is why the bill has not been placed on an agenda for her committee. SB 1976 by Sen. Oscar Braynon (D-Miami Gardens) still remains in the Banking and Insurance committee chaired by Sen. Garrett Richter (R-Naples). It appears the Senate Banking and Insurance committee is not likely to meet again this session. While the end of the committee process in the House and the Senate is a setback in the League’s efforts to pass legislation allowing credit unions to accept public deposits, this is not the end of the fight. The LSCU will continue to explore any amendatory opportunities that present themselves during this session, and should none present themselves, the League will continue to educate the members of the legislature to ensure an early start on passing this legislation during the 2012 session is possible. The League wants to reiterate that it has made tremendous progress throughout this session on this issue. The legislative process is one that often takes multiple tries before getting legislation passed. The progress the LSCU has made will prove to be invaluable as it moves forward in an attempt to gain the statutory right to become qualified public depositories.

OFR Bill Update:

HB 1121, by Rep. Ingram was unanimously passed through House Economic Affairs committee by a 16-0 vote. As the bill has passed through all of its committees of reference in the House, it is now primed to go to floor and has been placed on the calendar on second reading. The House will likely bring this bill up for a vote next week. The Senate version of the bill, SB 1332 by Sen. Richter, was heard in the Senate Budget Subcommittee on General Government Appropriations this week and also passed unanimously. It has been sent to its next committee, the overall Budget committee, and also received another reference, the Rules Committee. It is likely that this bill will be heard in both committees the week of Apr. 25 and sent to the Senate floor for a vote shortly thereafter. The identical bills are likely to pass easily out of their respective chambers and be sent to the Governor for his signature.

State Governmental Affairs Conference in Florida:

The Governmental Affairs team would like to thank everyone who took the time out of their busy schedules to come to Tallahassee for the State Governmental Affairs Conference (GAC). Those who attended received great information regarding the progress LSCU has made on the regulatory and legislative sides. Attendees were also afforded an opportunity to meet with lobbyists, regulators, and some lawmakers. It was a great event and the League is already looking forward to the 2011 State GAC. (See wrap up story and video above)

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

Alabama roundup: Alabama legislative update, right of redemption update

The only issue within the legislature came on Tuesday when the House took up and passed the Education Trust Fund for the 2012 fiscal year. In fact, the House of Representatives worked through midnight and did not adjourn until close to 1 a.m. The importance of this is once the clock struck midnight, the entire legislature burned up one legislative day regardless of whether the Senate went into session or not. So, as of Apr. 14 the 2011 Legislative Session is officially at the halfway point with the 15th legislative day occurring on that Thursday.

LSCU did see significant movement in committee for a second straight week on a number of its bills and confirmation messages:

Right of Redemption, HB 343 & SB 263

The right of redemption legislation that the League has been working on the entire legislative session is picking up steam and as of now, the GA staff feel confident that this much-needed legislation may reach the governor’s desk. In the House Financial Services Committee on Wednesday, HB 343 passed with a unanimous vote and will be available to be placed on the calendar as early as Thursday of this week.  Like the Senate companion, the homebuilder’s issues were exempted out but this is a great first step in righting the wrong of the one year redemption period.

The LSCU is currently working with the sponsors of both bills and the Senate and House Rules Committee Chairmen in order to see that these bills reach the floors of both chambers as soon as possible.

Used Car Sales, HB 448

HB 448, which the League introduced to you last week, was also passed out of the House Financial Services Committee on Wednesday. After an explanation and testimony by LSCU Director of Legislative Affairs, Jason Cochran, the committee promptly voted unanimously to give this bill a favorable report.  While credit unions currently do not have to register as used motor vehicle salesmen, we are not specifically listed in the statute like other financial institutions. This legislation ensures that there will be no confusion when it comes to our exemption from this requirement if anyone or any other institution were to challenge it in the future.

Like HB 343, it is also available to be sent to the House floor and the League will be working to see that a vote on it in is taken in the coming two weeks.

Confirmation of ACUA Administrator

Gov. Bentley’s confirmation message of Larry Morgan as Administrator of ACUA was passed out of the Senate Confirmations Committee on Wednesday. By a vote of 8-0, Morgan’s confirmation will now be voted on by the entire Senate as early as Tuesday. There was no opposition in committee and the League does not foresee any in the future, so confirmation, when it occurs, should be relatively smooth.

If you have any questions on the Alabama Legislature, contact LSCU Director, Legislative Affairs Jason Cochran at 866.231.0545 ext. 2159. [ Return to Top ]

Credit unions can contribute to the LSCU's AC&E Silent Auction

The 2nd annual LSCU Annual Convention and Exposition (AC&E) is approaching and the Silent Auction is one of the favorite events. For this year’s silent auction, each dollar raised for the LSCU’s Political Action Committees (PAC) will be matched with a donation from LEVERAGE, the LSCU Service Corporation, to Children’s Miracle Network. This is a great way to support political advocacy while also raising funds for charity.

Attendees have fun bidding on items varying from the newest electronic gadgets to luxurious vacations. There will be advance bidding available on June 18 for attendees from 8 a.m. – 5 p.m.. The auction takes place during  the Dinner & Entertainment Saturday night beginning at 6:30 p.m. and concluding at 10 p.m.

All donors will be listed and displayed during the Silent Auction. To donate to this year’s silent auction, contact Grassroots and Political Action Coordinators Justin Thames at 866.231.0545 ext. 1010 or Robbie Gordon at ext. 2164. [ Return to Top ]

Compliance Corner
League InfoSight highlight: NCUA issues letter to extend interest rate ceiling

The League InfoSight newsletter has a story about how the NCUA issued a Letter to Federal Credit Unions (11-FCU-04) that reiterates the agency's recent decision to extend the current interest-rate ceiling on loans originated by federal credit unions through September 10, 2012.

The decision means the allowable annual percentage rate is 18 percent for most loans and 28 percent for loans made under the NCUA's recently approved Short-Term Small Loan program, which is intended to help credit unions battle predatory payday lending.

League InfoSight has also has an article on updates to the UBIT channel. Unrelated business income is the net income from any unrelated trade or business that is regularly carried on by an exempt organization and that is not substantially related to the performance by the organization of its exempt purpose or function. The channel answers the questions below:

  • Which credit unions does UBIT affect?
  • What rulings have been issued by the IRS with regard to UBIT?
  • What credit union products and services are subject to UBIT?
  • What should a credit union do if an auditor claims they are subject to UBIT?
  • What are the IRS reporting and filing requirements?

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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Compliance calendar and training

Compliance Calendar

April 22
Credit Union Call 5300 Report Data is due to the NCUA

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
Scholarships available for educational events

Scholarships are available to upcoming LSCU educational events, including  the Annual Convention & Exposition  and the Development Conference, according to Executive Director of the Southeastern Credit Union Foundation, Amber Tynan. Scholarships are also available for CUNA’s educational events and the Southeast Regional Credit Union Management School in Athens, GA.

“Scholarships from the Foundation cover tuition and travel expenses,” said Tynan. “The scholarship program is open to employees and volunteer officials of affiliated credit unions. It is designed for credit unions under $35 million in assets, but applications from employees and officials from larger credit unions will be considered.”  The scholarship application and guidelines are available by clicking here.

For additional information on scholarships, contact Southeastern Credit Union League Executive Director, Amber Tynan at 866.231.0545, ext. 1154 or LSCU VP, Cooperative Initiatives, Laura Vann at  866.231.0545, ext. 2181. [ Return to Top ]

Education News
More than 40 CU professionals become CUDE certified including the LSCU's Grayson

The April 6-13, 2011 Credit Union Development Education (DE) Training was held at the Lowell Center on the University of Wisconsin campus in Madison, WI.

Team Projects

During the week-long program, participants were involved in group exercises, encouraged to ask questions of visiting speakers, and are required to complete team projects proposing solutions for credit unions to help alleviate or eliminate challenging situations in any given area.

“We refresh the studies every year, incorporating challenges credit unions face today while continuing to provide critical lessons in cooperative principles and credit union philosophy,” said Lois Kitsch, DE Facilitator and National Program Director for NCUF. “It is timeliness that we strive for in the entire DE training experience as participants work through critical issues that include interchange legislation, mergers and small credit unions, growth plan, financial capability plans, 2012 as the ‘Year of the Cooperative,’ and credit union development in Iraq.”

Among the 2011 Credit Union Development Education Training graduating class was LSCU's Association Services Chief of Staff, Cassandra Grayson.

Click here to read the complete list of graduates and attendee testimonials. [ Return to Top ]

2011 BSA Training Opportunities

LSCU has two 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.

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 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 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.

Locations:

May 18    Birmingham, AL / LSCU Ground Floor Conference Room

(Click session for: morning or afternoon)

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 ]

Education Calendar

Upcoming Events:

Unauthorized, Revocation, Stop Payment
Tuesday, Apr. 19 from 3-4:30 p.m.
Webinar

Click here to view complete calendar of events. [ Return to Top ]

LEVERAGE News
New e-learning modules make it easy to get up to speed on MemberCONNECT

With CUNA Mutual Group’s MemberCONNECT Direct Insurance elearning modules, your staff can get the program information they need in a way that best suits their learning needs—and their timetables.

The modules are a great way to get up to speed if you’ve just signed up for MemberCONNECT and they’re also an excellent refresher for credit unions with an established program.  Although non-licensed staff members can’t discuss specific product details with your members, it is important for them to know which products your credit union makes available, how they’re being marketed, and where members can get needed sales, service, and claims support.

The tool comes in a handy module format so that employees can get the information they need, quickly and easily. It’s especially convenient for credit unions that don’t offer all MemberCONNECT programs; employees can go right to the sections they’re interested in instead of sitting through content areas that don’t pertain to them.

Each section takes about 10 minutes, and employees can tap into the program anywhere they have an Internet connection—no special log-ins or access are required for most of the modules. Plus, if an employee doesn’t finish a module and is using a dedicated computer, the program will return to the point where they left off the next time they visit the site.

Click here to read the complete training overview including the six modules. [ Return to Top ]

Out with the old in with the new with Office Depot essentials

Office Depot is your number one office supply store for all the essentials from pens and paper to cleaning supplies and furniture. Take the time this month for some spring cleaning and restock on those must have items. For the entire month of April when you spend $100 or more automatically receive 10 percent off your purchase by logging in to business.officepot.com and using coupon code 830755865 at check-out. For more information, click here. [ Return to Top ]

News from You
Insight credit union launches ‘Insight Inspire’ community service initiative

Photo: Insight Inspire Volunteers H. Bumgardner; M. Ferrer; J. Harris; J. Davis; P. Roberts; M. Boyink; A. Alexander; K. Moist.

Insight Credit Union and its employees are proud to introduce Insight Inspire, an employee initiative designed to promote volunteerism in the community and encourage the credit union philosophy of ‘people helping people’.  Each Insight Credit Union employee is challenged to donate 24 hours of community service per calendar year to credit union supported nonprofit organizations or nonprofits of their choice, with a credit union-wide goal of 3,744 hours.

According to Insight Credit Union President/CEO, George R. Davis, “We looked at the spirit and enthusiasm of our staff and the needs of our community and realized we had an opportunity and a duty to reach out and improve the lives of those we serve in Central Florida. I am impressed by how quickly this challenge has been embraced by all of our employees and look forward to making the community we serve, through Insight Inspire, an even better place to live for years to come.” [ Return to Top ]

JetStream FCU receives five star rating from Bauer Financial

Bauer Financial, the nation’s leading independent bank and credit union rating and research firm, has awarded JetStream Federal Credit Union their 5-Star rating for strength and stability. “We have officially made our mark in the even more exclusive category of Exceptional Performance Credit Unions” stated Jeanne Kucey, CEO, JetStream FCU. “JetStream Federal recognizes that we could not have reached this height without the support and continued patronage of our loyal members, proving once again that together we can achieve excellence”!

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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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