LSCU eSignal Weekly
LSCU eNews Weekly June 6, 2011
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LSCU eNews Weekly
In This Issue
LSCU Headlines
President's Point
LSCU Image Campaign TV ad completed; will debut at AC&E
Interchange vote may come this week; Suncoast's Dorety talks with Fed
New Cheney video ask credit unions to contact their senator on interchange
Alabama credit unions helping families start over
Prosser and Downing to join the LSCU board
Filene looking for innovative leaders
2011 LSCU Annual Convention & Exposition
AC&E session provides information to maximize financial and operational performance through contract lifecycle management
Attend entire LSCU AC&E and win a cruise
Governmental Affairs News
This week in Alabama politics: Congressional redistricting still contentious, no final vote on right of redemption
This week in Florida politics: Clarity on redistricting, what to expect from legislature this week
Comment Letter to NCUA on Incentive-Based Compensation Proposal
Compliance Corner
League InfoSight highlight: Safekeeping requirements for investments
Comment Call for transfer of regulatory rules and orders to CFPB
Compliance calendar and training
Cooperative Initiatives News
NCUA offering SAS initiative workshops in June
Bank On meeting scheduled for June 8 in Birmingham, AL
Education News
Coming soon: BSA Training Workshop in Tuscaloosa
Next LSCU Councils meeting set for June 16 at AC&E
Your CUís Disaster Preparedness Plan: Is it ready for the next disaster?
Education Calendar
LEVERAGE News
LEVERAGE introduces ComplyTrac, an automated compliance solution
News from You
Army Aviation Center FCU donates $15,000 to Fort Ruckerís Army Emergency Relief Fund
Pen Air FCU CEO selected in Independent News 2011 Power List
EMPLOYMENT
View available credit union jobs
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LSCU Headlines

President's Point

This past week I spent three days visiting credit union CEOs in Jacksonville, Orlando and Tampa. In all, I visited with 15 credit union officials over three days. It’s always a productive use of my time to hit the road and visit with our credit union community listening to your issues and ideas and how the League can better serve you.

One thing I’ve been talking about for months is our Cooperative Image Campaign. This past week we received the edited TV ad, which turned out very well. Some of the credit union folks I visited with on Wednesday and Thursday got to see a sneak preview. All seemed to like what they saw. It’s different than what most credit union ads look like. It has a modern feel and the actor hits the mark with his message about how 60 percent of consumers in Alabama and Florida don’t know what a credit union is. He contrasts that to not knowing what every day things are like. We will “officially” unveil the ad at the LSCU Annual Convention and Exposition (AC&E) in less than two weeks. You can see a behind the scenes video of the making of the ad in the LSCU Video Center. This video will give you a real feel for the direction of the campaign.

So far we have 80 credit unions across Alabama and Florida that have contributed to the campaign. We are nearing the $1 million dollar raised mark. This is very impressive for the first year of any cooperative advertising campaign; especially one that is completely voluntary. I am confident that when we debut the ad at the AC&E, we will also be able to say that credit unions have contributed more than $1 million toward the media buy. (See story below).

 

On my credit union visits, I talked to many CEOs about the Image Campaign. What I like about this campaign is that the tagline, “Credit Unions: we’re giving banking a better name,” resonates with billion dollar credit unions down to our smallest credit unions; because it is what we’re doing as a movement. We continue to wear the white hats and more consumers need to be aware. As more larger financial institutions add fees to checking accounts and other products, we have an opportunity to show we’re different, modern and better. I hope you will consider taking part in the campaign.

Among the more popular  topics discussed during my visits was the status of the Interchange fix legislation and recapitalization of the corporate credit union system.   

As a League, it’s important that my staff and I are meeting with all of you and listening. That helps us deliver better service that is tailored to your needs, not what we think you need. I hope you are also considering attending our 2nd LSCU AC&E from June 16-19 in Orlando. There is still time to register and it promises to be one of the premier events in the country. See all of you soon.  

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LSCU Image Campaign TV ad completed; will debut at AC&E

The League had its first look at the Statewide Image Campaign TV commercial and it's very impressive. The ad, which was shot last month in Birmingham, will debut at the 2nd LSCU Annual Convention and Exposition (AC&E) June 16-19 in Orlando. The League will have an Information Lab set up near registration where credit unions can see a behind the scenes video of the making of the ad, the new ad, and a billboard to be used in the campaign this fall. The lab will also feature Paul Crawford, president of Scout Branding, the League's ad agency.

The campaign has received a boost the past few weeks with more credit unions contributing. More than 80 credit unions have now contributed money to the campaign, bringing the total money raised to nearly $1 million. Right now the makeup of credit unions is vast. Nearly 70 percent of the billion dollar credit unions in Alabama and Florida have contributed, while 60 percent of the 500 million plus credit unions are taking part. In the 100 to 500 million asset range, just about half of the credit unions are participating.

The smallest percentage of participants is the small asset sized credit unions. Just about 22 percent have contributed. The SAS credit unions have a real opportunity with the Statewide Image Campaign. By contributing, a credit union has access to collateral material. For the SAS credit unions, this means an instant marketing campaign. By utilizing the collateral in the credit union, in communications with members and non members and out in the community, a credit union can tie back to the campaign. For those SAS credit unions with limited marketing help, this campaign can go a long way for them for a small piece of their marketing budget. 

For questions about the Image Campaign, contact LSCU VP, Communications and Marketing Mike Bridges at 866.231.0545 ext. 1022 or Director, Information Services Amy Jowers at ext. 1020. [ Return to Top ]

Interchange vote may come this week; Suncoast's Dorety talks with Fed

Multiple outlets are reporting that a vote on interchange may be coming this week. Last week, the League issued An Action Alert that is specifically asking credit unions to contact their senator and ask him to support Sen. Jon Tester's (D-MT) bill to delay the Federal Reserve on interchange, S. 575. Sens. Bill Nelson (D-FL) and Jeff Sessions (R-AL) have signed on as co-sponsors. The CUNA hotline, 877.422.3525, is active and ready for credit unions to call their senators and let them know the importance of delaying the implementation of the Durbin amendment. The Action Alert contains talking points that will be useful for the call.

The League and CUNA have resources available to help credit unions have their membership call. Visit the LSCU MBL and Interchange Resource page for a downloadable poster or card with the CUNA hotline number  or a sticker directing your members to "Ask me how to Save my Free Checking." There is also a document that shows how a breach, like the recent one at Michael's, impacts a credit union. CUNA President/CEO Bill Cheney also taped a YouTube video about the breach and interchange. (See story below.)

Suncoast's Dorety meets with Fed General Counsel

On June 3, CUNA, along with Suncoast Schools FCU CEO Tom Dorety and Richmond CU CEO Jane Watkins, met with the Federal Reserve General Counsel Scott Alvarez on the interchange issue. Dorety and Watkins provided the Fed with real stories about the impact the current Fed proposal of 12 cents per transaction would have on their credit unions. Dorety told Alvarez that his Florida members are just starting to see economic improvement and that if the interchange rule was adopted, it would "be devastating for them."

Dorety said that free checking is a "mainstay" for his members, and a main selling point that has helped his credit union increase its member base. That would be harmed by the interchange changes. The Fed's fee cap would also reduce funding to his credit union's charitable activities. The credit union is one of the top financial supporters of public schools in the counties it serves through it interchange income.

If you have any questions about the Action Alert or the collateral material, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545 ext. 2137.

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New Cheney video ask credit unions to contact their senator on interchange

CUNA President/CEO Bill Cheney has a new video available that looks at the interchange issue and talks about how the recent breach at Michael's affect financial institutions like credit unions. Cheney says that Michael's let its customers know that a breach happened and that they should contact their financial institution. He says the lingering affects move to financial institutions like credit unions. 

Cheney shows just how much work goes into finding out if a member has had their information breached. Cheney also asks credit unions to contact their senator and ask them to support S. 575 sponsored by Sens. Jon Tester (D-MT) and Bob Corker (R-TN).

To view the video, visit the LSCU Video Center. If a credit union would like to embed the video on its website, contact LSCU, VP, Communications and Marketing Mike Bridges at 866.231.0545 ext. 1022. [ Return to Top ]

Alabama credit unions helping families start over

Furniture ready to go into Ashlee Kimble's home. Kimble was "adopted" by Family Security CU of Decatur.

When the tornadoes struck Alabama in late April, families living in the Tuscaloosa Housing Authority homes were displaced. Nearly every resident lost everything. Some were taken care of by a local church, while 20-30 families are still in need. Credit unions are stepping to the plate to help a few, little by little. 

Tuscaloosa Credit Union asked its peers to consider "adopting" one or more of the families to help them with everyday things like furniture, appliances, towels, sheets, pots, pans, etc. The project is called Credit Union Project for Disaster Relief. The monetary commitment is around $5,000 per family. 

In the past week, three families, adopted by Alabam CU, Family Security CU and New Horizons CU, have been moved in by Tuscaloosa Credit Union staff and volunteers. The group moved in the furniture and helped the families get their homes in working order. Alabama CU CEO Steve Swofford said taking part was a must for his credit union.

"Alabama Credit Union has been looking for ways to help our staff, members and the community. This was a great way to have a positive impact on a family that was very much in need," said Swofford.

Family Security CU, based in Decatur, VP of Marketing Zac Howell said that the credit union began helping people right away and this project fit into what they were doing.

"Witnessing the devastation across the state has changed all of us forever. The relief efforts organized by Tommy Cobb and Tuscaloosa CU gave us the unique opportunity to make an immediate impact on a family in dire need of help. To see happiness restored to a family that had been directly affected by tragedy is something no words can describe. We are just glad we could play a small role in the healing process," said Howell

Swofford added, "Tommy and Tuscaloosa CU have done an outstanding job putting this project together and touching these families lives. They aren't just handing them a check, he and his staff are personally making a difference."

Cobb says that many more families are awaiting "adoption." If your credit union would like to adopt a family, contact Tuscaloosa Credit Union CEO Tommy Cobb at 205.345.6043.

Furniture being delivered to the home of Barbara Walters and Daniel Lowe. The family was "adopted" by New Horizons CU of Mobile.

Tuscaloosa CU staff and volunteers delivering furniture to the new home of Dorothea Ruffin who was adopted by Alabama CU.


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Prosser and Downing to join the LSCU board

Anice Prosser, SVP of Human Resources at Envision CU of Tallahasse

The LSCU board welcomes Anice Prosser, SVP of Human Resources at Tallahassee based Envision Credit Union, and Sharon Downing, manager of Alabama River Credit Union in Mobile, to the board beginning in June.

This will be Prosser's second stint on the League board. She was a director on the Florida Credit Union League board for three years. For the past ten years, Prosser has worked at Envision Credit Union. Before Envision, she worked at the Florida Credit Union League and Service Group. Prosser's Class C seat is for credit unions with between 15,000 and 40,000 members in Florida.

Sharon Downing, manager of Alabama River CU.

Downing ran unopposed in the Alabama Class A category. This is for credit unions with fewer than 2,000 members. Downing has been manager at Alabama River CU for 17 years. She was active on the CU Vote board, the Alabama Credit Union League Governmental Affairs Committee and the LSCU Governmental Affairs Committee. 

Steve Swofford, CEO of Alabama CU based in Tuscaloosa, ran unopposed in the Alabama Class D category. This is for credit unions with 40,000 members or more. Also running unopposed was Pat Mason, CEO of Sun Credit Union based in Hollywood, Florida. Mason occupies the Florida Class B seat which is for credit unions with more than 2,000 members but less than 15,000. 

Anice, Sharon, Pat and Steve will serve four-year terms following June's annual meeting at the LSCU AC&E.  

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Filene looking for innovative leaders

Credit union professionals have the opportunity to move the credit union movement forward with their great ideas. The Filene Research Institute is accepting applications for 12 i3 (ideas, innovation and implementation) positions.This is a relatively new Filene initiative, but it has spurred great results. 

Previous credit union executives who have gone through this program have brought forward breakthrough ideas such as: Debt in Focus (now used by many credit union members), The LIFT (a loan program now in pilot due to a $300,000 grant) and Prize-linked Savings (resulting in policy changes over a dozen States).

Members of i3 will Identify and evaluate recent credit union innovations which:
  • meet member needs/wants
  • lower costs and increase credit union operational efficiencies
  • build member loyalty
  • meet the special needs of member segments
  • enhance credit union effectiveness

Although anyone can innovate, limited resources require Filene to screen candidates for specific entrepreneurial competencies and diversity. Dr. Murray Barrack, a prominent testing and recruiting expert with Texas A&M will screen all candidates. Successful candidates will immediately obtain innovation training from Doug Hall's Innovation Engineering Institute prior to their first meeting with Filene i3.

To apply to be considered for one of the 12 i3 positions, click here.

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2011 LSCU Annual Convention & Exposition
AC&E session provides information to maximize financial and operational performance through contract lifecycle management

Did you know that research has shown that organizations implementing contract management solutions improve their spend compliance by up to 55 percent (Aberdeen Group)? Continued pressures to reduce costs and improve spending visibility and control are fueling a strategic buying revolution among credit unions. It is because of these pressures that contract lifecycle management (CLM) is becoming a beneficial process in maximizing performances, both financially and operationally.

Don't miss the session, CLM: Maximizing Financial and Operational Performance with Lori Vary, director, ePurchasing, LEVERAGE, Saturday, June 18 at the AC&E. This session addresses these challenges by reviewing the CLM process, which is the management of contract creation, execution, and analysis as a systematic and connected process to maximize financial and operational performance and minimize risks. Participants will learn how to:

  • Simplify the storage and retrieval of contracts
  • Manage and track key contract terms
  • Avoid a lapse in service, a commitment to a service that may not be needed, and automatic renewals which can lead to increased pricing
  • Implement standard procedures for a vendor selection process, including the collection of Due Diligence data in compliance with NCUA guidelines
  • Analyze the risk associated with each contract to identify internal and external threats
  • Save substantial time and money through the implementation of strategic buying initiatives
  • Standardize the RFP and negotiation process
  • Have better control of the CLM process as a whole
Best practices within all of the above topics are shared. 
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Attend entire LSCU AC&E and win a cruise

Attending the entire LSCU Annual Convention and Exposition (AC&E) this year will provide one lucky attendee a three-night cruise to the Caribbean. The grand prize will be given out at the Saturday night dinner/show. Attendees must be present to win.

Registration for the grand prize is easy. Every credit union official registered to attend the AC&E will be put in the drawing to win. However, only those present at the dinner/show will be eligible to win.

The three-day cruise for two on Carnival will sail out of Port Canaveral, Florida. The package includes ocean view stateroom, all on-board meals, snacks, complimentary 24-hour Room service, and a wide range of free entertainment and international destinations. Also included are all government fees and taxes as well as all shipboard gratuities. However, travel to Port Canaveral is not covered in the grand prize.  [ Return to Top ]

Governmental Affairs News
This week in Alabama politics: Congressional redistricting still contentious, no final vote on right of redemption

Congressional Redistricting

A final Congressional redistricting plan was approved Thursday by the Alabama Senate that actually goes back to the original idea proposed by the Joint Committee on Reapportionment. As with every redistricting plan, one group walks away happy and another upset.  Morgan County legislators seemed to have won the battle versus The Shoals, the county in its entirety will be moved into the 5th Congressional District, represented by Rep. Mo Brooks (R-AL). The Shoals, encompassing Lauderdale and Colbert County, will now be split between the 4th and 5th districts, the 4th is represented by Rep. Robert Aderholt (R-AL).  Montgomery County is also walking away unhappy, now being split between three Congressional Districts instead of two. Rep. Mike Rogers (R-AL), Rep. Martha Roby (R-AL), and Rep. Terri Sewell (D-AL) will all now have the distinction of representing the county. The rest of the state remains virtually untouched, but there will be some minor changes elsewhere. For a copy of the proposed plan, click here.

Right of Redemption Legislation Does Not Receive a Final Vote

For the second time in two weeks, HB 343, the right of redemption bill, was placed on the House Special Order Calendar Wednesday. Unfortunately, like the previous week, the bill was never reached due to controversial legislation above it on the agenda. The controversial legislation that held the day up was the redistricting plan mentioned above as well as continued tensions between Jefferson County legislators over tax issues affecting their county. The League, as well as other financial institution representatives worked diligently to give the bill one last shot and the votes were there for it to pass and be sent to the Senate. As far as a prediction on whether  the Senate would have acted, it would not have been likely, but every step forward on this legislation is a step in the right direction. The LSCU expects right of redemption legislation to appear again in the next session and the League will continue to work with Alabama legislators in order to see this much needed legislation passed.

Rumors of a Special Session

Rumors of a Special Session are all over the Alabama Statehouse right now, and topics for the session range from coastal insurance reform to tornado disaster relief. It is still unclear whether or not one will occur due to the cost and the dire financial situation that Alabama is in, but the LSCU will continue to keep you updated if one is called by Gov. Bentley.

If you have any questions on the Alabama Legislature, contact LSCU Director, Legislative Affairs Jason Cochran at 866.231.054, ext. 2159.

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This week in Florida politics: Clarity on redistricting, what to expect from legislature this week

Clarity on Redistricting

Every 10 years, the Legislature is bound by the Constitution to redraw the boundaries for each of the State House and Senate district, as well as the Congressional lines, in a process known as redistricting. In redistricting years, the Legislature begins its session in January, and could go as late as July. There is a little more clarity as to what could happen over the next few months as the U.S. Department of Justice this week signed off on Amendment 5 and Amendment 6, the two constitutional amendments that mandate that state lawmakers follow certain standards when redrawing district lines.

Amendments 5 and 6, also known as Fair Districts, were passed in Nov. 2010 in an attempt to draw compact districts that do not favor a specific incumbent or party. Any voting law changes in Florida are required to be submitted to the federal government to see if they meet federal voting rights laws because of past discrimination in five counties. Some members of Congress, including Reps. Corinne Brown (D-FL) and Mario Diaz-Balart (R-FL), have maintained that the amendments would result in fewer minorities getting elected in Florida. But in a two-paragraph letter dated May 31, the Department of Justice stated that the “Attorney General does not interpose any objection to the specified changes.” The letter does not prevent future objection from federal authorities.

The work on redistricting will start soon. State lawmakers this week announced the times and locations of 26 public hearings on redistricting that will be held across the state this summer. The first hearing will be held June 20 in Tallahassee, while the last one will be in Clewiston on Sept. 1.

Florida will be adding two Congressional districts for the 2012 election cycle, bringing the State’s total to 27 Congressional seats.

The Week Ahead

Haridopolis and Cannon Together

Senate President Mike Haridopolos and House Speaker Dean Cannon plan to make a joint appearance in Orlando on Tuesday, June 7, and then hold a news conference afterwards. The event was scheduled by Haridopolos’ Senate campaign. The press conference is scheduled at 8:45 a.m. and will be held at The Breakfast Club, 63 East Pine St.

Town Hall Meeting

Three South Florida Democratic legislators are hosting a town hall meeting on the evening of Wednesday, June 8 in Cooper City to discuss the state budget and other legislation. Rep. Evan Jenne (D-Dania Beach), Sen. Eleanor Sobel (D-Hollywood), and Rep. Martin Kiar (D-Parkland) will be on hand for the 7 p.m. event held in the Cooper City commission chambers in City Hall, 9090 S.W. 50th Place.

Democrats Gather

The Florida Democratic Party holds its annual Jefferson-Jackson Dinner on Saturday, June 11 in Hollywood. Massachusetts Gov. Deval Patrick will be the keynote speaker at the annual fundraiser event for Democrats. It starts at 7 p.m. at the Westin Diplomat Resort, 3555 South Ocean Drive.

Should you have any questions on any of the legislative issues mentioned above please contact LSCU Director, Legislative Affairs, Jared Ross at 866.231.0545 ext.1012. [ Return to Top ]

Comment Letter to NCUA on Incentive-Based Compensation Proposal

The NCUA proposal, which implements the Dodd-Frank Act, would prohibit incentive-based compensation arrangements that encourage executive officers, employees, or directors to expose the credit union to inappropriate risks. Unlike others in the financial marketplace, credit unions have generally not provided the kinds of abusive compensation plans that are the subject of the proposal. Credit union compensation arrangements have not encouraged unmanageable risks, thereby contributing to the “financial crisis,” the letter said. If the rule proceeds, CUNA urged that it impose the absolute minimum regulatory burden on credit unions. 

In general, a credit union with at least $1 billion in assets that provides incentive-based compensation covered by the proposal would need to submit an annual report to NCUA that describes the structure of its incentive-based compensation arrangements. The proposal states that a “clear narrative” of the credit union’s covered compensation plan would need to be included. [ Return to Top ]

Compliance Corner
League InfoSight highlight: Safekeeping requirements for investments

The current edition of the League InfoSight newsletter has an article about Safekeeping requirements are governed by the criteria contained in Part 703.9 of the NCUA Rules and Regulations. Additional guidance is contained in Letter to Credit Union, Number 29, April 17, 1979.

The Safekeeping Rules topic on the Investments channel of InfoSight provides details about the requirements, including the actions that credit unions must take. For example credit unions must:

  • Obtain an individual confirmation statement for each investment purchased or sold.
  • Use only a safekeeper that is regulated by the SEC, a state or federal depository institution regulatory agency or a state trust company regulatory agency.
  • Obtain and reconcile a monthly safekeeping statement of all investments and repurchased collateral held in safekeeping from each safekeeper.

You can read more about Safekeeping rules, and other important topics at 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.

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Comment Call for transfer of regulatory rules and orders to CFPB

Under the Dodd Frank Act, the CFPB must consult with the agencies that currently implement these rules and publish a list of the regulations in the Federal Register. In connection with those requirements, the CFPB is seeking comments on this list. The LSCU and CUNA are issuing a Regulatory Comment Call on this as we believe this is a good opportunity to raise any concerns about the rules to the CFPB. The entire Comment Call can be read by clicking here.
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Compliance calendar and training

Compliance Calendar

June 25
Social Security Number Randomization Implementation Date

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
NCUA offering SAS initiative workshops in June

The NCUA's Office of Small Credit Union Initiatives is offering three credit union workshops in June.The workshops will focus on:

  • Issues facing credit unions;
  • NCUA--Consumer Protection Office--What It Means To You;
  • Duties of federal credit union boards of directors (NCUA Regulations 701.4);
  • Basic financial literacy requirements;
  • Due diligence and evaluating payment system service providers; and
  • Examination issues.

SAS credit unions in Alabama and Florida have the best chance to take part by attending the workshop in Atlanta on June 23. Portland, Maine will host a credit union roundtable on June 2, while Salt Lake City, Utah will host a workshop on June 11.

Additional roundtables and workshops are scheduled through November. To sign up for the Atlanta workshop, visit the NCUA events page.

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Bank On meeting scheduled for June 8 in Birmingham, AL

The meeting, hosted by the Alabama Asset Coalition, will be held Wednesday, June 8 from 10 a.m. to 12 p.m. at 601 19th Street North, Birmingham, AL 35209 (the Birmingham Neighborhood Housing Building).

The “Bank On” initiative is modeled after similar successful programs across the country and seeks to engage the unbanked population with the financial serviced industry by:

  • Increasing accessibility and relevancy of bank products to the unbanked/underbanked market;
  • Raising awareness among consumers about the benefits of transactional account ownership through targeted marketing; and
  • Providing accessible quality financial education to these consumers in order to make account ownership the first step to financial security and asset building.

At this meeting, we would like to determine your financial institution’s interest in becoming a partner in this campaign on a statewide level and to get your input in designing a strategy. As key members of the financial community in Alabama, your partnership is vital in order to get a better perspective on bank/credit union products, services and policies which can be incorporated into this initiative.

Please RSVP to Program Director Robert Hanson (rhanson@alabamaabc.org) or call 205-731-4000. [ Return to Top ]

Education News
Coming soon: BSA Training Workshop in Tuscaloosa

Credit unions in Alabama have an opportunity this summer to acquire BSA Training in Tuscaloosa. The LSCU will hold a BSA Workshop in Tuscaloosa July 27.

Save the date for more LSCU BSA Training Workshops this fall.

Upcoming BSA Trainings:

Oct. 13 - Tallahassee, FL

Oct. 18 - Muscle Shoals, AL

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Next LSCU Councils meeting set for June 16 at AC&E

The date for the next Council meeting is June 16, and they are scheduled in conjunction with the LSCU Annual Convention & Exposition in Orlando. Below are the speakers and topics for the workshops. Don’t miss this great opportunity for you and your 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.

Questions? Contact LSCU Director, HR Services/Executive Recruiter, Lisa Hammock at 866.231.0545 x1146.

“Like” LSCU Councils on Facebook for updated information and topic details. [ Return to Top ]

Your CUís Disaster Preparedness Plan: Is it ready for the next disaster?

Everyone in Alabama and Florida has been affected by “Mother Nature” in one way or another whether it has been directly or indirectly. The safety of the physical building is important however it is the protection of what is housed internally that must be solid. Is your system backed up? Also, a plan of action for staff must be in place. Are you ready?

Attend this conference to learn how to safe-guard your credit union and learn valuable tips on how to create a well-prepared disaster plan of action.

Click here to view/download the conference flyer.

Speakers for this conference will include:
• Jeff Garmon, warning coordination meteorologist, NOAA – NWS Weather Forecast Office, Mobile, AL
• John S. Dosh, Escambia Emergency Management, Pensacola, FL
• Bill Berg, LSCU VP, regulatory affairs
• Representatives from NCUA and CUNA Mutual

Who should attend? Presidents, CEOs, COOs, CFOs, senior operations personnel, and anyone else involved with developing and implementing the disaster preparedness plan of their credit union.

Click here or visit LSCU’s online events calendar for a full agenda and detailed information. Questions? Contact education@lscu.coop or 866.231.0545 x2129.

Sponsored by:

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Education Calendar

Upcoming Events:

Tuesday, June 7
Five Secrets to Successful Online Account Opening & Online Lending  
3 – 4:30 pm EST – webinar

Wednesday, June 8
Mandatory Compliance Training Series: Job-Specific BSA Training for Operations Staff  
3 – 4:30 pm EST – webinar

Thursday, June 9
Responsibilities of the Board Secretary  
3 – 4:30 pm EST – webinar

Click here to view complete calendar of events.

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LEVERAGE News
LEVERAGE introduces ComplyTrac, an automated compliance solution

LEVERAGE is introducing a new resource that understands the speed at which new regulations are being adopted and how they have dramatically increased the costs associated with maintaining a compliance program. LEVERAGE’s Automated Compliance Solution, ComplyTrac, is not just an information resource. It streamlines compliance procedures and reduces costs for credit unions.

ComplyTrac has procedural controls to meet compliance requirements on a single platform and helps credit unions effectively execute regulations through an automated software. The system reduces time spent on compliance management, reduces the expenses and need for outside consultants, eliminates the risk of unforeseen expenses responding to regulatory changes, and guarantees exam compliance.

All routine controls and audits are completed online, allowing your staff to quickly complete necessary tasks and get back to serving your members. Most importantly, ComplyTrac provides a peace-of-mind when implementing compliance-related decisions.

For credit unions that want to know more about ComplyTrac, contact a LEVERAGE Business Development Consultant.

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News from You
Army Aviation Center FCU donates $15,000 to Fort Ruckerís Army Emergency Relief Fund

The funds were primarily raised from AACFCU’s Annual Golf Tournament held each year at Silver Wings Golf Course at Fort Rucker. All proceeds from the golf tournament were donated to AER.

AER is the Army’s own emergency financial assistance program dedicated to helping active and retired soldiers when there is a vital need. In 2010, Fort Rucker’s AER gave loans and grants to local soldiers totaling $250,495.

The $15,000 donation also included a matching grant of $1,500 from the Armed Forces Financial Network (AFFN). AACFCU has been fortunate to receive matching grants from AFFN for the past six years. AFFN is an Electronic Funds Transfer (EFT) Network founded in 1985, co-owned by The Defense Credit Union Council and The Association of Military Banks of America, serving over 352 defense credit unions and military banks, 93 million cardholders, at over 500, 000 ATMs and 2 million merchant/retail locations globally. To learn more about AFFN, please visit www.AFFN.org.

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Pen Air FCU CEO selected in Independent News 2011 Power List

“I’m truly honored to have received this recognition and hope this serves as inspiration for other businesses to step up and be active in their community,” Fields said. 

Independent News publisher Rick Outzen said a committee takes the publicly-nominated individuals and selects 100 of the most influential for the list. This is the fifth year Independent News has published the Power List.

“Those selected are the business leaders that have done a lot for the community, and strive to make Pensacola a better place to live” Outzen said.

Fields first came to Pen Air FCU in 2001 as the Chief Financial Officer, and was promoted to President/CEO in 2009. He displays his leadership and philanthropic attributes in many ways, including service as the current President of the Santa Rosa Chamber of Commerce, as an active member of the Credit Union Executive Society, as a board member for the Santa Rosa Chapter of the Navy League, and as the team captain for the Pensacola Relay for Life.  Fields was also named the 2008 Pace Area Chamber of Commerce’s “Man of the Year” for his efforts to improve the local community. Since he became President/CEO, Pen Air FCU has been named the 2010 Business of the Year by the Gulf Breeze Chamber of Commerce, received the Dora Maxwell Award for social responsibility, and the 2011 Louis Herring Award for financial education in the community.
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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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