LSCU eSignal Weekly
LSCU eNews Weekly May 2, 2011
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LSCU eNews Weekly
In This Issue
LSCU Headlines
President's Point
NCUA activates Disaster Assistance for Alabama credit unions
President Obama declares counties a disaster area in Alabama; opens federal assistance
NCUF, SECUF begin collecting donations for Alabama credit unions
Governmental Affairs News
Florida roundup: No good news regarding public deposits, budget deal reached in legislature
Alabama roundup: Alabama, LSCU legislative updates
Washington update: Plenty of committee hearings on deck, CUNA testifies at hearing
Alabama amusement park consignment tickets are available
Donate item to LSCU's AC&E Silent Auction to benefit LSCU PAC, CMN
Compliance Corner
League InfoSight highlight: ATM's Reg E fee disclosures, Fed clarifies portions of new TILA rules
Comment call requested for Regulation CC
Compliance calendar and training
Cooperative Initiatives News
Scholarships available for LSCU educational events
LSCU chapter leaders gather for Chapter Leaders' Retreat
Education News
2011 BSA Training Workshop coming up soon in Birmingham, AL
LSCU Councils offer invaluable training for credit unions
Education Calendar
LEVERAGE News
LEVERAGE brings the perfect gift for upcoming occassions
Free Discovery Webinar from CUNA Mutual: Technology Trends & Strategies for Credit Unions
New program outreach reduces CU expenses on office supplies & more
News from You
eCO Credit Union awards college scholarships
Pen Air FCU to send supplies, mobile service unit to tornado relief efforts in Birmingham, AL
EMPLOYMENT
View available credit union jobs
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LSCU Headlines

President's Point

It is with a heavy heart that I know we all share what I write about in my President’s Point this week. It has been a very tough five days for the residents of Alabama. The tornadoes that swept through the state during the middle of last week will leave a lasting impression for many years to come. The good news is that, throughout the weekend, many areas of the state began getting power back. As a whole, our credit union community came through the storm “physically” unscathed. Many dealt with the loss of power in certain areas, while a few sustained some water damage and damage to their roof.  

As you read this, I’m in Alabama, along with several League staff, seeing what we can do to help credit unions in need and ways they can help their members. The credit union that has been hardest hit is Community Credit Union, based in Gadsden. A tornado completely destroyed its Rainsville branch. Pen Air FCU, based in Pensacola, has graciously provided Community with its mobile branch so Community can continue to service its members. The League will be delivering the mobile branch Tuesday morning. We are also bringing two generators, as well as other identified supplies to those credit unions that are still without power. 

Many within our credit union community have asked us how they can help, especially our Florida credit unions that are no stranger to the devastating destruction that Mother Nature can bring. We have activated the Southeastern Credit Union Foundation (SECUF) Disaster Relief Fund. This will allow credit unions in need to solicit grants from the Foundation. For anyone that needs a grant, they can fill out this form. For those credit unions that can help monetarily, the SECUF has a pledge form. On Friday, the Tampa Chapter donated $1,000. Tallahassee-Leon FCU held a car sale this past weekend and collected money for tornado victims. Any money donated was matched by the credit union and the dealership. The need in certain parts of Alabama will be great. The more grants the Foundation can approve, the more credit unions and members will be helped. 

We have been working with the National Credit Union Foundation (NCUF) to see what other means of assistance we can provide. At our request, the NCUF activated its online disaster relief system www.cuaid.coop over the weekend. This means any credit union, staff or volunteer across the country can make a donation to the NCUF online and that money will go directly to credit union staff affected by the tornadoes. We’ve been hearing some credit union staff lost everything, including loved ones. Some are in the hospital accruing major medical bills. We will work with the NCUF to ensure any money raised will go straight to the credit unions with the most need. 

I also spoke with NCUA Region III Director Herb Yolles last week, along with Robert Parrish, a Birmingham-based supervisory examiner. At our request, the NCUA this weekend activated its Disaster Assistance Response for credit unions in Alabama. This means credit unions will be able to make loans with special terms, while reducing documentation and guarantee lines of credit through the National Credit Union Share Relief Fund. You can read more in the story below. 

Much like the hurricanes that hit the coast of our two states, these tornadoes will leave lasting scars. The cleanup will be lengthy and the needs will remain great for some time to come. The League is doing all it can to help, but it will take the cooperative spirit of all of us to ensure our credit unions and their members have what they need to rebuild.

Pass along any feedback you might have to this column.

  [ Return to Top ]

NCUA activates Disaster Assistance for Alabama credit unions

In the wake of the tornadoes that struck Alabama last Wednesday, National Credit Union Administration (NCUA) Board Chairman Debbie Matz activated the agency’s disaster relief policy to assist credit unions and their members in rebuilding and recovering in severely damaged areas across the southeast.

Under the agency’s disaster assistance policy, the NCUA will, where necessary:

  • Encourage credit unions to make loans with special terms and reduced documentation to affected members
  • Reschedule routine examinations of affected credit unions if necessary
  • Guarantee lines of credit for credit unions through the National Credit Union Share Insurance Fund
  • Make loans to meet the liquidity needs of member credit unions through the Central Liquidity Facility.

“Credit unions are about people helping people,” said Chairman Matz. “Credit unions should reach out to their members and assist them. For example, credit unions could offer loans with special terms like lower rates or extended maturities. NCUA also remains committed to providing material and technical assistance for storm-affected credit unions.”

After natural disasters, the NCUA works with individual state league organizations and state regulators to ensure all federally insured credit unions know of NCUA’s available assistance. The agency’s examiners have therefore remained in close contact with the affected local credit unions to offer advice and assistance. During disaster conditions, NCUA personnel operate under three priorities:

  • Ensure the safety of credit union staff
  • Keep facilities and operations available to members
  • Provide material and technical assistance, as needed, to affected credit unions

Federal credit unions may also provide assistance to other credit unions and non-members in the affected areas, under certain conditions:

  • A federal credit union may provide services to persons who are members of another credit union under their correspondent services authority
  • Emergency financial services for non-members, including check cashing, access to ATM networks, or other services to meet short-term emergency needs of individuals in the areas affected by the storms, can be provided under the authority to engage in charitable activities
  • Federal credit unions providing services on a charitable basis may not impose charges for services that exceed their direct costs

Click here to read the entire release by the NCUA.  [ Return to Top ]

President Obama declares counties a disaster area in Alabama; opens federal assistance

President Obama has asked the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) to open its federal disaster aid. It has been made available to Alabama to supplement the state and local recovery efforts in the area struck by severe storms, tornadoes, straight-line winds, and flooding beginning on April 15, 2011, and continuing.

The President's action makes federal funding available to affected individuals in Autauga, Calhoun, Cullman, DeKalb, Elmore, Etowah, Franklin, Jefferson, Lawrence, Marengo, Marion, Marshall, St. Clair, Sumter, Tallapoosa, Tuscaloosa, and Walker counties. 

Assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and business owners recover from the effects of the disaster.

Federal funding also is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis in all 67 counties in the State for debris removal and emergency protective measures, including direct Federal assistance. Visit FEMA's website for specific criteria for applying and how to apply for a grant. [ Return to Top ]

NCUF, SECUF begin collecting donations for Alabama credit unions

This past weekend the National Credit Union Foundation (NCUF) activated its online disaster relief system CUAid.coop to raise money for Alabama credit union people affected by the tornadoes along with the other southern states.

Credit union supporters in every state can now make donations through a secured website that accepts credit cards and wire transfers. CUAid is the only program of its kind that enables credit union employees, volunteers, and members, as well as credit unions and state credit union foundations across the US, to contribute directly to support other credit union people. 

“We encourage credit union leaders all across the country to use CUAid.coop as a channel to collect donations from their employees, volunteers, and members,” said NCUF Executive Director Bucky Sebastian.

As donations are posted through CUAid.coop, the NCUF will coordinate with the LSCU to distribute money efficiently to credit union employees and members in the affected areas.

CUs receive assistance through SECUF Disaster Relief Fund

Due to the devastation of storms in the South last week - particularly Alabama - there were numerous requests for financial assistance from the Southeastern Credit Union Foundation's (SECUF) Disaster Relief Fund. Based on those requests, the SECUF has opened up its Disaster Relief Fund, and is also accepting grant requests as well as donations. The League would like to thank the various credit unions that donated to the fund last week. LSCU has also been working with the NCUF to see what other means of assistance can be provided.

For questions on the SECUF Disaster Relief Fund, contact Executive Director Amber Tynan at 866.231.0545 ext. 1154.

  [ Return to Top ]

Governmental Affairs News
Florida roundup: No good news regarding public deposits, budget deal reached in legislature

On Monday, it was announced that Senate President Mike Haridopolos (R-Merritt Island) and House Speaker Dean Cannon (R-Winter Park) had reached an agreement and that budget conferences would begin. This is an encouraging sign that the session will end on time (May 6), but it is likely the Legislature will return at some point this summer for a special session to finish issues that they were unable to complete during the regular session.

Public Deposits Legislative Update:

HB 999 by Rep. Clay Ingram (R-Pensacola) will die in the House Economic Affairs Committee. The Economic Affairs Committee will not meet again and Speaker Cannon has made it clear bills will not be pulled from final committees of reference. SB 1976 by Sen. Oscar Braynon (D-Miami Gardens) will die in the Senate Banking and Insurance committee. While the League’s Governmental Affairs team explored amendatory opportunities, both chambers made it clear they were not interested in amendments which contained language of other bills that did not pass through their necessary committees. The LSCU Governmental Affairs team will continue educating the members of the legislature to ensure we can get an early start on passing this legislation during the 2012 session. While public deposit reform will not pass this session, it is important to realize how much progress was made during this session. Issues like this usually take years just to get one committee hearing, and the fact that a hearing was received, and there was a positive vote in the first year this bill was filed is tremendous progress. The League will continue to keep you apprised of any and all progress as this legislation is moved forward in the future.

OFR Bill Update:

HB 1121, by Rep. Ingram was passed out of the House on Friday by a vote of 114-0. HB 1121 is now in Senate messages, where it will be taken up in the Senate, substituted for SB 1332 by Sen. Garrett Richter (R-Naples), and passed by the Senate. There are likely to be no amendments and the League expects the bill to unanimously pass the Senate and be sent to the Governor for his signature.

Budget Deal Reached:

Up against the clock, it looked as though the 2011 Legislative Session was headed for overtime. At the start of last week, leaders from both the House and Senate took shots at each other, accusing the other of not negotiating in good faith. But Monday, Speaker Cannon and President Haridopolos announced they had reached a broad deal on how much money should be set aside for schools, health care and transportation. Lawmakers are still fighting time, as they must have the entire nearly $70 billion budget worked out by Tuesday in order to get done by May 6. That’s because state law requires the budget bill to be finished 72 hours ahead of the final vote to allow for a “cooling off” period.

It still may not be easy to reach that deadline. Negotiations over health care spending and what to do with Medicaid grew contentious early, with Sen. Joe Negron (R-Palm City) and Rep. Matt Hudson (R-Naples) throwing in the towel Thursday morning.

Budget negotiations were still ongoing into the late hours on Sunday and House and Senate leaders are expected to meet throughout Monday in an effort to complete the budget, and the session - on time.

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, LSCU legislative updates

Alabama Legislative Update:

This week the Alabama Legislature will meet for three days before taking what is expected to be a two-week break in order to hold statewide reapportionment hearings regarding the redrawing of Alabama’s Congressional and State School Board Districts. After the break there will be six legislative days left in order to deal with the results of these reapportionment hearings and to handle any unfinished business that may still exist.

Last week the House of Representatives passed Alabama’s General Fund Budget and it now awaits Senate action on the changes that were made. If the Senate concurs with the changes made by the House, then the next stop will be the desk of Gov. Robert Bentley. Tomorrow, the Senate will take up the Education Trust Fund and related legislation. It is rare that any budget will make it through both houses and not have any amendments, so at this point the League expects the ETF to pass tomorrow but may end up in conference committee before going to the Governor.

LSCU Legislative Update:

Currently, all bills of interest to LSCU and Alabama’s credit unions are in the same position as a week ago. The League was optimistic about having the Senate version of the Right of Redemption legislation on the calendar last Thursday, but due to the terrible tragedies throughout the state, both the House and Senate came into session briefly and adjourned so the legislators were able to return home and take care of their constituents. Since the legislature is meeting three days this week, LSCU will have two opportunities to pass these bills and are currently working in order to have these placed on the agendas in the House and Senate.

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 ]

Washington update: Plenty of committee hearings on deck, CUNA testifies at hearing

Washington Update:

The Senate returns today to consider a handful of judicial nominations; the House will consider two non-controversial bills.

On Tuesday, the House is expected to consider legislation to repeal the mandatory funding mechanism for health exchanges under the Health Care Reform Act (H.R. 1213); legislation to repeal funding for school-based health center construction (H.R. 1214). On Wednesday, the House will consider the No Taxpayer Funding for Abortion Act (H.R. 3) and the Restarting American Offshore Leasing Now Act (H.R. 1230).  It is also possible the House will consider H.R. 1229, the Putting the Gulf of Mexico Back to Work Act.

Committee Hearings

Beyond Monday, the Senate schedule is, as usual, less clear. The Senate has been considering a small business re-authorization bill for over a month and is what the Senate is expected to return to this week, but there is expectation that Majority Leader Reid may remove it from the floor early in the week. What the Senate does next is unknown. The Senate may proceed to consider legislation to eliminate oil and gas tax subsidies for large energy producers, but this legislation is also expected not to pass the Senate. Senate leaders would also like to take votes on the House-passed budget resolution and the President’s budget for fiscal year 2011, but it is not clear how or on what legislation those votes would take place. Neither budget is expected to earn the votes necessary to pass the chamber. 

The League is following several committee meetings on both sides of the Capitol. On Tuesday, the Senate Finance Committee will hold a hearing entitled, “Is the Distribution of Tax Burdens and Tax Benefit Equitable?”  Also on Tuesday, the Senate Banking Committee will hold confirmation hearings for several Treasury department nominees. On the House side, the Financial Services Committee subcommittee on Capital Markets and Government Sponsored Enterprises will hold a mark-up of several pending bills.

CUNA Testifies at Federal Hearing

On Wednesday, the House Financial Services Committee subcommittee on Financial Institutions and Consumer Credit will hold a markup on H.R. 1121, the Responsible Consumer Financial Protection Act; H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act; and legislation related to the date for transfer of functions to the CFPB if the Bureau does not have a director in place. CUNA testified at a hearing on these bills in April. A copy of the testimony can be found here.

H.R. 1121 would replace the Director of the Consumer Financial Protection Bureau with a five person commission. During the hearing on the bill, CUNA testified that:

“If Congress decides to replace the CFPB Director with a Commission, we would encourage Congress to expand the size of the Commission beyond what has been proposed by H.R. 1121 and to include appropriate industry and regulator representation, including a seat specifically for a person with experience related to credit unions.  Expanding the scope of experience in this manner would enhance the quality of regulation promulgated by the CFPB by ensuring both the consumer perspective as well as the industry perspective is represented in the decision-making proce

ss.”H.R. 1315 would make two changes with respect to the ability of the Financial Stability Oversight Council to stay or set aside rules finalized by the CFPB. First, the legislation would reduce the threshold for the Council to take action from a two-thirds vote of the Council to a majority vote of the Council, excluding the Director of the Bureau; second, the legislation would modify the conditions under which the Council can take this action by striking the requirement that the regulation or provision subject to petition by a Council member “would put the safety and soundness of the United States banking system or the stability of the financial system of the United States at risk” and replacing it with a requirement that the regulation subject to petition be “inconsistent with the safe and sound operation of United States financial institutions.”

CUNA supports the provision of H.R. 1315 which reduces the voting threshold. With respect to the second provision, CUNA suggested that the committee consider legislation to permit the Council to set aside Bureau rules if the Council determines a new rule would be unreasonably burdensome for financial institutions and the burden to financial institutions outweighs the benefit to consumers.

These bills are expected to pass the subcommittee and could be marked up in full committee in the near future. However, even if they make their way through the House of Representatives, LSCU has seen very little appetite in the Senate to consider these types of changes to Dodd-Frank Act. Nevertheless, the League is following this very closely and will keep you apprised of any additional developments. [ Return to Top ]

Alabama amusement park consignment tickets are available

Alabama Adventure and Six Flags consignment tickets are on sale now! This is a great way for credit unions to meet their state PAC goals and give their members a way to have family fun over the summer. The tickets are significantly lower than gate prices when purchased through the credit unions.  For questions on consignment ticket sales, contact LSCU Grassroots and Political Action Coordinator Robbie Gordon at 866.231.0545 ext. 2164, or fax order forms to 205.437.2264.


[ Return to Top ]

Donate item to LSCU's AC&E Silent Auction to benefit LSCU PAC, CMN

The LSCU 2nd 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: ATM's Reg E fee disclosures, Fed clarifies portions of new TILA rules

The current edition of the League InfoSight newsletter has an article about a CUNA News Now recently reported that, “a Michigan couple—who drives around looking for ATMs without proper fee-notification signs and then file class action lawsuits against financial institutions without the signs—filed four more lawsuits over ATM disclosures last week in Michigan. The latest batch is all against credit unions."

Also, attorneys nationwide are looking at financial institutions, including credit unions, to see if the signage required by Regulation E is properly affixed to ATMs.

When an ATM fee is charged, credit unions should provide the following three disclosures as stated in a recent CUNA Mutual Risk Alert:

  1. Notice at ATM – Post a sign in a prominent and conspicuous location on or at every ATM operated by the credit union stating that a fee will (or may) apply. It is not necessary to state the amount of the fee on the sign.
  2. Terminal screen – Display the amount of the fee on the ATM screen. Once notified, ATM users must be able to cancel the transaction to avoid the fee.
  3. Receipt – Disclose the fee on the transaction receipt.

More in the League InfoSight Newsletter.

League InfoSight also has an article on the Federal Reserve Board making a number of clarifications final to its Credit Card Accountability Responsibility and Disclosure (CARD) Act in last month's Federal Register.

The clarifications relate to the Fed's final rule and are intended to help card issuers more fully understand their compliance obligations under changes to Regulation Z. The Fed had released the clarifications in a proposed rule that was issued in early November 2010. Read the complete article including the clarifications by visiting the League InfoSight.

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 hereto 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 ]

Comment call requested for Regulation CC

The Fed's board proposal encourages credit unions to clear and return checks electronically, add provisions that govern electronic items cleared through the check-collection system, and shortens the "exception" hold periods on deposited funds. Additionally, due to faster collection and return timeframes that  result from electronic collection and return, the proposal shortens the safe-harbor period for an exception hold to four business days, which should enable the depositary credit union to learn of the pending return of virtually all unpaid checks before being required to make these deposits available for withdrawal. The proposal also eliminates the references in Regulation CC to "non-local" checks.

In 2010, the Reserve Banks ceased operations in all but one check processing office, as a result there is now only one check processing region, and all checks are now considered local to each other. Appendix C to the regulation provides model funds-availability forms that credit unions may use as the basis of disclosures to customers. The proposal includes new model forms providing funds-availability guidelines designed to be more easily understood by members.

Click here to read the full Fed proposal. [ Return to Top ]

Compliance calendar and training

Compliance Calendar

May 24
EEOC Final Rule to implement ADA requirements – Effective Date

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

*Note - Compliance Calendar requires your League InfoSight login.
[ Return to Top ]

Cooperative Initiatives News
Scholarships available for LSCU educational events

Scholarships are available to upcoming LSCU educational events, including  the AC&E in June in Orlando and the Development Conference in November in Point Clear, AL, 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 Amber Tynan at 866.231.0545, ext. 1154 or LSCU VP, Cooperative Initiatives, Laura Vann at  866.231.0545, ext. 2181. [ Return to Top ]

LSCU chapter leaders gather for Chapter Leaders' Retreat

The purpose of the Leaders' Retreat is for chapter leaders to share best practices, learn about successful programs and events in other areas, and to network with one another.

LSCU President/CEO Patrick La Pine provided an update on the League, and the retreat attendees also learned about the importance of grassroots advocacy and political action fundraising from LSCU Grassroots Advocacy and Political Action Coordinators Justin Thames and Robbie Gordon. The Cooperative Initiatives team led the participants in interactive discussions about community involvement, volunteer recruitment, and enhancing participation of member credit unions.

Read more about LSCU Chapters by clicking here. [ Return to Top ]

Education News
2011 BSA Training Workshop coming up soon in Birmingham, AL

The LSCU will be holding its third BSA Training Workshop of the year in Birmingham, AL in two weeks! Two two identical sessions are offered; 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, the Bank Secrecy Act plus many more areas.

Locations:

May 18    Birmingham, AL / LSCU Ground Floor Conference Room

(Click session for: morning or afternoon)

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

LSCU Councils offer invaluable training for credit unions

The next LSCU Council meetings are scheduled in conjunction with the LSCU AC&E in Orlando June 16. The lineup of speakers and topics for the council workshops are listed below. Don’t miss this great opportunity for credit union executive management teams to network, learn, and share best practices.

CFO: Innovation for Credit Unions: Part of an On-Going Planning Process

Tim Harrington, CPA

HR/Training & Development: Managing Benefit Costs in Today’s World and how to Transition to High Deductable Health Plans with the use of Health Savings Accounts

Todd Torgersen, president, Combined Insurance Services, Inc.

Lending: Maximizing Relationships

Julie R. Ferguson, owner, JRF Consulting Services, LLC

Marketing & Business Development: Charting the Course through Demographic Change

Kenneth Gronbach, president, KGC Direct, LLC

Operations, Sales, & Service: Strategies for Overcoming Lost Income from Regulatory Reform

Robert Rutowski, managing partner, Credit Union, Corporate & Financial Services Groups of Weltman, Weinberg & Reis Co., L.P.A.

Technology Council: Cloud for Credit Unions

Tom Mackinson, regional manager, Ongoing Operations LLC

For an overview of topics, registration information, and more, visit the LSCU Events Calendar. “Like” LSCU Councils on Facebook for updated information and topic details.

Questions? Contact LEVERAGE HR Services/Executive Recruiter, Lisa Hammock at 866.231.0545, ext. 1146. [ Return to Top ]

Education Calendar

Upcoming Events:

Wednesday, May 4
Consumer Lending Series
3:00pm – 4:30pm EST – webinar

Thursday, May 5
Managing E-Sign / Statements / Disclosures
3:00pm – 4:30pm EST – webinar

Tuesday, May 10
Improving Your Delinquency Numbers
3:00pm – 4:30pm EST – webinar

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

LEVERAGE News
LEVERAGE brings the perfect gift for upcoming occassions

As Spring flowers begin to blossom, it is a sure sign that Mother’s day, Father’s day, and graduation are right around the corner. Be sure your credit union is prepared to offer the LEVERAGE Gift Card Program so members can conveniently purchase gifts for upcoming occasions. The cards are loaded through a very simple web-based application and can be any dollar amount from $10 - $750. The program overall has low implementation costs and provides additional income-earning opportunities for your credit union. Additional services include the ability to track purchases and check balances online and access to an automated toll-free number for balance verification. With more than 20 different card designs, members can choose which card best fits their occasion.

For more information, contact your Business Development Consultant. [ Return to Top ]

Free Discovery Webinar from CUNA Mutual: Technology Trends & Strategies for Credit Unions

The webinar will be presented by Rick Roy, senior vice president, chief information officer, CUNA Mutual Group on Tuesday, May 24 at 12:15 p.m. CT.

Rick leads IT strategy and delivery for CUNA Mutual and its affiliates. He is a recognized technology industry thought leader and has been honored by leading technology publications for his IT leadership and innovation while at CUNA Mutual.

To register, visit www.cunamutual.com/technologywebinar/league

If you were unable to attend last week’s Discovery Webinar, The Road Ahead: Making the Most of Every Leading Opportunity, be sure to click here for the recording and presentation. [ Return to Top ]

New program outreach reduces CU expenses on office supplies & more

The Printable Store Purchasing Card makes shopping at Office Depot even easier.

This is not a credit card, and delayed billing is not available with this card, but credit unions will be able to use it as an identification card to receive special League pricing. Credit unions should show their Store Purchasing Program Card when shopping at any of the retail stores. The card will indicate the credit union is a part of the LEVERAGE National Purchasing Group ensuring the lowest pricing available.

Plus, friends of credit unions can save too! Distribute the Store Purchasing Card PDF flyer or print it and make copies, then give it to your colleagues, friends, and family so they can receive the special pricing at an Office Depot retail store.

The more volume the program sees, the more savings credit unions and program users will see. Take a look at the Store Purchasing Card PDF flyer with all the terms and conditions listed. And, don’t forget to print a copy for your credit union and friends so they can use it the next time they shop in an Office Depot retail store.

LEVERAGE thanks all of the credit unions who support the Office Depot BSD program. [ Return to Top ]

News from You
eCO Credit Union awards college scholarships

eCO Credit Union is pleased to announce the recipients for its inaugural “A.L. Bratcher” college scholarships:  Meaghan Dacosta of of Hoover, AL and Malachi Champion of Moody, AL. The $1000 scholarship awards were presented to Dacosta and Moody at eCO’s Scholarship Awards Luncheon in April.

“eCO Credit Union has been supporting area teachers and schools since 1939,” said eCO CEO Joey Hand.  “We are excited to extend our support to area students by providing financial assistance as they work to further their education.”

Dacosta, a senior at Spain Park High School, plans to attend the University of Alabama at Birmingham with an intended area of study in pre-medicine. 

Champion, a senior at Moody High School, plans to attend Liberty University for a degree in secondary education and youth ministry.

eCO Credit Union is a proud supporter of education efforts around the Birmingham area. Bratcher was instrumental in the credit union movement, founding both the Canaan Baptist Church Federal Credit Union and the Birmingham Baptist Ministers Federal Credit Union.  [ Return to Top ]

Pen Air FCU to send supplies, mobile service unit to tornado relief efforts in Birmingham, AL

In response to the recent and devastating events that shook Alabama and other surrounding states, Pen Air Federal Credit Union will be donating supplies to areas in Alabama that are in need.

Pen Air FCU President and CEO Ron Fields will be personally driving the first round of supplies collected – 1,200 bottles of water and 100 packs of baby wipes – to the areas affected this weekend. These are the primary supplies requested by rescue workers. All Pen Air FCU locations will collect donations for the tornado relief efforts, as well as become drop-off points for additional supplies, through the coming weeks.

In addition, Pen Air FCU is lending one of its two mobile service centers for use in the Rainsville, Ala., area so local residents will have access to funds.

“Pen Air is just trying to help out those who need it during this terrible time,” Fields said. “The spirit of Pen Air’s members and employees has always been one of community and this is no exception.” [ 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 ]

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