LSCU eSignal Weekly
LSCU eNews Weekly July 25, 2011
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LSCU eNews Weekly
In This Issue
LSCU Headlines
President's Point
Credit union testifies that Consumer Financial Protection Bureau is needed
NCUA promotes NCUA Express to CUs interested in new information
CUNA announces Cheney's Chief(s) of Staff
Community Credit Union begins rebuilding branch
CUNA, CUNA Mutual seeking more CU input on QRM Rules
NCUF Annual Report focuses on financial education
New shared branching outlet in Alabama
Governmental Affairs News
News from the Hill: Budget consideration, debt ceiling, important committee hearings
This week in Florida politics: Reasons behind Haridopolis dropping from Senate race, jobless number remains high
This week in Alabama politics: Sen. Brooks to run for judgeship, Speaker says jobs are number one
Compliance Corner
League InfoSight highlight: Changes for Regulation CC: Expedited Funds Availability
Compliance calendar and training
Cooperative Initiatives News
SECUF announces additon of three new at-large directors
LSCU sponsors Day of Financial Literacy in Birmingham, AL
League presents CFE FCU Dora, Louise awards
Tampa Chapter highlights rules for safety in CU robbery situations with seminar
Register for CIF with MEMBERS Trust Company webinar August 24
Education News
Registration for LSCU Supervisory Committee Conference open until July 29
CCUE designations awarded to credit union staff
Education Calendar
LEVERAGE News
'Sprint' into additional revenue with Member Discount Plan
News from You
Wiregrass Chapter donation helps in funding truck for area food bank
Credit union pioneer Frederick Hogan dies
EMPLOYMENT
View available credit union jobs
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LSCU Headlines

President's Point

On July 20, the League sent out its 2nd Annual Members Survey to all affiliated CEOs. I’d like to thank those credit unions that have completed it thus far. I hope the rest of our affiliated credit union CEOs will consider filling it out. It’s a simple survey with just 27 questions designed to help us serve you better. It’s all done online and shouldn’t take you more than 10 minutes to complete. Each year we begin our strategic planning process by analyzing the results. The survey asks questions about the League and LEVERAGE, the League Service Corporation. There are open-ended questions so credit unions can provide thoughts on how the League can improve.

Last year the Members Survey showed that overwhelmingly credit unions looked to the League first and foremost for Governmental Affairs (Legislative and Regulatory Advocacy, Compliance and Operational Support). While that wasn’t a surprise, it did reinforce that the League needed to focus more heavily on state advocacy in Montgomery and Tallahassee, while continuing to work with CUNA on federal issues both with Congress and the NCUA.  Our new Directors of Legislative Affairs in Alabama and Florida raised our profile in our respective state capitals during the 2011 legislative sessions. We are expecting even more from our proactive legislative agenda for the 2012 sessions. Our Regulatory Affairs staff continues to produce comment calls and letters on major regulatory issues. We are also holding quarterly regulatory conference calls to educate our members on regulatory subjects as well as providing free compliance training at the chapter level. We are interacting with our state and federal regulators with much greater frequency as well as looking for opportunities to get them before our credit union community.  

Last year’s survey also showed that many credit unions would support a Statewide Image Campaign. As we forged ahead with our Image Campaign, Credit Unions: We’re Giving Banking a Better Name, nearly 100 member credit unions have contributed to the campaign and we’ve raised just under $1.3 million. The campaign will hit the air in early September.

An area where our credit unions were unsure in the 2010 survey was the overall training needs provided by the League. As a whole, most credit unions looked to the League for training, felt the training was high quality and came away satisfied with the topics. However, there were about 20 percent that were neutral on if we were meeting their education needs. This year we added more than 80 webinars making that training more broad, accessible at all times with an on-demand feature and convenient. This year we have educated over 500 credit union staff just through the webinars.

These are just a few examples of how we take the Members Survey, analyze the data and work to improve our service to our credit unions. I know you get a lot of surveys emailed to you, but I hope you will consider taking the time to fill this one out. It shouldn’t take you very long at all. The data is invaluable to us. The survey is set to close on July 27. If you have deleted the email from me with the link, contact LSCU VP, Marketing and Communications Mike Bridges at 866.231.0545 ext. 1022 and he will get you a link. Also, don’t hesitate to contact me if you have any questions about the survey. 

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Credit union testifies that Consumer Financial Protection Bureau is needed

On Tuesday, Truliant FCU President/CEO Marcus Schaefer testified on behalf of credit unions in front of the Senate Banking Committee. Schaefer was in Washington D.C. as one of six witnesses to speak about the overall impact of the Dodd-Frank bill. Schaefer told lawmakers that there is a need for the Consumer Financial Protection Bureau. He also talked about how small regulatory moves could also have unintended consequences on credit unions and other small financial institutions.

The CU Times quoted Schaefer's testimony that even though the NCUA and other regulators have increased their efforts to protect consumers it “makes sense to have a regulator that focuses on the consumer.”

Schaefer spoke about Truliant's, a $1.5 billion North Carolina credit union, efforts to improve the financial awareness of its members and that his credit union’s approach is to not make consumer beware. Schaefer is quoted in the Times as telling Senate Banking Chairman Tim Johnson that he hopes the bureau will have a director in place so it can begin its oversight of payday lenders and other non-bank providers of financial services.

“The sooner the CFPB can get to the task of monitoring and regulating non-bank entities the better,” said Schaefer.

Sen. Richard Shelby (R-AL) once again said that Senate Republicans will block the confirmation of any director until the White House changes some of its structure, including having it overseen by a five-member panel.

Click here to read the entire CU Times story. [ Return to Top ]

NCUA promotes NCUA Express to CUs interested in new information

At last week’s American Association of Credit Union Leagues (AACUL) Meeting in San Francisco, NCUA Chairman Debbie Matz referred to NCUA Express, the free system that sends an email whenever new information is posted to the NCUA website.

Types of new information include NCUA Board updates, Letters to Credit Unions, Regulatory Alerts, Legal Opinion Letters, news releases, the NCUA Report newsletter, and more. According to NCUA, this is all part of Chairman Matz’s initiative to increase transparency throughout the NCUA.

In order to receive the updates, you must sign up by clicking here. [ Return to Top ]

CUNA announces Cheney's Chief(s) of Staff

CUNA EVP of Government Affairs and Special Assistant to the President Richard Magill

CUNA recently announced that when current CUNA Chief of Staff Richard McBride steps down at the end of the year, his duties will be assumed by CUNA SVP of Legislative Affairs John Magill and CUNA EVP of System Relations Susan Newton. McBride will begin transitioning his duties to Magill and Newton in September. 

CUNA President/CEO Bill Cheney also announced that his top seven executives will report directly to him creating "a flatter, more responsive organizational structure."


CUNA EVP of System Relations Susan Newton

 As Executive Vice President for Government Affairs and Special Assistant to the President, Magill, a 30-year veteran of Capitol Hill before coming to CUNA in May 2006, will continue to offer strategic counsel on legislative and political issues while overseeing the day to day operations of those key advocacy areas. He will also handle a number of administrative and other related matters inherent in the daily operations of the CUNA Washington office. 

Newton, as Executive Vice President of System Relations, will provide strategic counsel on credit union system issues, manage CUNA’s many external relationships, and continue to serve as head of league relations, state advocacy, and executive director of the American Association of Credit Union Leagues (AACUL). Newton came to CUNA from the Texas Credit Union League in 1996 as senior vice president of league relations.

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Community Credit Union begins rebuilding branch

Community Credit Union, based in Gadsden, AL, took the first steps to rebuilding its Rainsville branch. In April, a tornado completely destroyed the branch leaving nothing but the foundation. On Monday July 18, Community CU began seeing progress on its new branch. By the end of the week, walls were framed and the overall look of the branch was becoming clear. The branch is being built on the same slab where the old branch stood. 

Community CU members are still utilizing the mobile branch supplied by Pen Air FCU of Pensacola. Community expects the construction to take another three months. 

Construction begins on Community CU's Rainsville branch which was destroyed by a tornado in April.

Community CU's Rainsville branch following the tornado in April. 

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CUNA, CUNA Mutual seeking more CU input on QRM Rules

Created by the financial reform law, Qualified Residential Mortgages (QRMs) will be mortgage loans from which issuers of mortgage-backed securities will not need to retain five percent of their original balance to help guarantee their soundness.

The QRM regulation discussion has not been broadly considered a credit union issue because credit unions will not be subject directly to the QRM rules since they by and large do not issue mortgage backed securities. 

Additionally, the NCUA is not one of the agencies formally involved in the QRM definition debate.

But the executives argued strongly in a webinar update about the QRM debate that credit unions should care passionately about how QRMs are defined and should weigh in on the discussion among regulators. The comment period previously was set to close in June, but has since been extended to Aug. 1.

“I think it’s very important for credit unions thinking about QRM to think about it in terms of a secondary mortgage market without a Fannie or Freddie,” said Joel Luebkeman, director of product development for CUNA Mutual Group Mortgage Insurance.

Luebkeman pointed out that while the eventual fates of Fannie Mae and Freddie Mac have yet to be decided, it is certain that they will be remarkably different than they are today and, in their absence, qualifying residential mortgages may wind up playing a very important role.

Luebkeman and other executives sounded alarms about the chances that qualifying residential mortgages might wind up becoming the industry standard for mortgages, the so-called new conforming loans, and that a QRM definition that is too restrictive may wind up hampering credit union abilities to meet their members' mortgage needs or tailor mortgage products to their specific circumstances. [ Return to Top ]

NCUF Annual Report focuses on financial education

The National Credit Union Foundation (NCUF) recently released its 2010-2011 Annual Report entitled “Building Consumer Financial Capability through Financial Education."

The report highlights NCUF activities from late 2010 to early 2011. In late 2010, the Foundation announced a new focus on financial education, which is the theme of the annual report.

“In the following pages, you’ll see how NCUF programs and grants are working to build consumer financial capability through financial education,” writes Bucky Sebastian, NCUF executive director, in the report’s introduction. “You’ll also see how our programs change lives through the ‘people helping people’ philosophy that drives the credit union movement.”

The report also includes:

  • Description of REAL Solutions’ financial education initiatives
  • Financial education grant highlights
  • Credit Union Development Education (DE) Program updates
  • CUAid – disaster relief updates
  • Community Investment Fund (CIF) overview and investor listing
  • 2011 Corporate Supporter listings
  • 2010 NCUF donor listings
  • 2010 Financial statements
  • 2011 Herb Wegner Award winners

Click here to download the NCUF Annual Report. [ Return to Top ]

New shared branching outlet in Alabama

Shared branching is a unique feature of credit unions allowing members to make transactions from a number of locations nationwide.The Naheola location brings the Alabama total of shared branches to 121.

New shared branching outlet added:

Naheola CU
698 Hwy 80 W
Demopolis, AL 36732
Phone: 334-287-0661
Fax: 334-287-0432

For more information on shared branching, contact CUSC Shared Branching Manager, Tameka Dukes at 866.231.0545, ext. 2178. [ Return to Top ]

Governmental Affairs News
News from the Hill: Budget consideration, debt ceiling, important committee hearings

The House and the Senate are in session again this week. The House comes back today to consider legislation under suspension of the rules and to begin consideration of the Interior, Environment and Related Agencies Appropriations Act for Fiscal Year 2012. On Tuesday, the House will consider additional legislation under suspension of the rules. The remainder of the week, the House will consider H.R. 1938, the North American-Made Energy Act, H.R. 2587, the Protecting Jobs from Government Interference Act, legislation related to the debt ceiling and possibly a vote on a balanced budget constitutional amendment.

The Senate returns today to consider judicial nominations. The Senate schedule for the remainder of the week is not immediately clear at this time, but we anticipate the Senate will consider legislation related to the debt ceiling at some point this week.

Committee Hearings
We are following several committee meetings this week including the following:

On Tuesday, the Senate Banking Committee will hold a full committee hearing on the nominations of Martin Gruenberg to be chairman and a member of the Board of Directors of the Federal Deposit Insurance Corporation; Thomas Curry to be comptroller of the currency in the Treasury Department; and S. Roy Woodall Jr., to be a member of the Financial Stability Oversight Council. The nominees are expected to testify.

Also on Tuesday, the Senate Finance Committee will hold a full committee hearing on "Perspectives on Deficit Reduction: A Review of Key Issues." Robert Greenstein, president of the Center on Budget and Policy Priorities; Lawrence Lindsey, president and CEO of the Lindsey Group and a former director of the National Economic Council (2001-2002); Michael Ettlinger, vice president for economic policy at the Center for American Progress; and Chris Edwards, director of tax policy studies at the Cato Institute, are expected to testify.

On Wednesday, the House Financial Services Committee Subcommittee on Oversight and Investigations will hold a hearing on "Oversight of the Credit Rating Agencies Post Dodd-Frank."

On Thursday, the House Small Business Committee Subcommittee on Investigations, Oversight, and Regulation will hold a hearing on "Open for Business: The Impact of the CFPB (Consumer Financial Protection Bureau) on Small Business." Dan Sokolov, deputy associate director for research, markets and regulations of the Consumer Financial Protection Bureau; Terry Jones, chairman of the Colorado Mortgage Lenders Association's Legislative and Regulatory Affairs Committee, Castle Rock, Colo.; and Jess Sharp, executive director of the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness, are expected to testify.

For questions about committee schedules, or other governmental affairs issues, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545, ext. 2137. [ Return to Top ]

This week in Florida politics: Reasons behind Haridopolis dropping from Senate race, jobless number remains high

LSCU Legislative Issues

The LSCU Governmental Affairs team continues to review legislative issues pertinent to the credit union industry. There are several issues that will come before the legislature that will affect credit unions and the GA team wants to make sure they are advocating for the issues important to you. Please continue to keep them apprised to any legislative issues you believe are important to our industry.

Florida Political News:

Haridopolos Out, But Why?

As reported last week, Senate President Mike Haridopolos has dropped out of the race to be the Republican nominee for the U.S. Senate. Now the question is being asked, why? Haridopolos said that he didn't feel he could handle the dual jobs of candidate and Senate President. “I truly believed I could handle both jobs, I was wrong. Now I am determined to make it right,” Haridopolos said last week when he bowed out of the race. While there were plenty of distractions surrounding the campaign – key staffers leaving, the upcoming corruption trial of former Republican Party Chairman Jim Greer, Haridopolos’ teaching job at the University of Florida – the Senate President insists he left the race for all the right reasons. He said in his statement he will not seek any office in 2012 and a spokesman says he will discuss what to do with the money he has already raised.

State’s Jobless Rate Remains Unchanged
Jobs, Jobs, Jobs. Gov. Rick Scott ran on a platform of creating more jobs in the state of Florida, 700,000 over 7 years. For the first few months of his governorship, Scott was able to rely on the numbers to say his plan was working. Yet, last week’s numbers show that the state’s economy remains on shaky ground as Florida’s unemployment rate remained at 10.6 percent for June, the same as it was in May. This is considerably higher than the 9.2 percent national rate, meaning 982,000 Floridians currently are without work. This is the first time in five months that the rate has not gone down. The sector with the greatest job loss in the last 12 months has been government, with a total of 16,000 government jobs being eliminated during that time period.

Federal Legislation Would Direct 80 Percent of Oil Spill Fines to Gulf States

Florida’s Sens. Marco Rubio (R) and Bill Nelson (D) joined last week to co-sponsor a bill that would direct 80 percent of federal oil spill fines from BP to Gulf Coast states. The bill, introduced by Sens. Mary Landrieu (D-LA) and Richard Shelby (R-AL) would establish the Gulf Coast Restoration Trust Fund. The bill was described as a “magical moment” by Sen. Barbara Boxer (D-CA) as both sides of the aisle came together and put aside the partisan politics that have plagued Congress, particularly lately. BP could face fines between $5 billion-$20 billion, and under current law, the money would go into the U.S. treasury, with the Gulf Coast being guaranteed nothing. “We badly need this investment in our Gulf Coast,” Sen. Nelson said. “And it makes sense, because that’s where the BP oil spill painted beaches and wetlands black and messed up fishing and tourism.” Sen. Rubio said this legislation signaled to the Gulf Coast residents that “help is on the way.”

For questions on any legislative issues, contact LSCU Director, Legislative Affairs Jared Ross at 866.231.0545, ext.1012.

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This week in Alabama politics: Sen. Brooks to run for judgeship, Speaker says jobs are number one

Sen. Brooks to run for judgeship
In last weeks eSignal, the LSCU wrote about the rumors that Alabama State Senator Ben Brooks was planning to run for a Mobile County Circuit Court judgeship. The news was confirmed this week with a press release from his campaign. Brooks has served as a state senator since 2006, and previously served on the Mobile City Council. If elected, the term would begin Jan. 2013, so Sen. Brooks will be able to serve in his current position until that date.

Speaker says Jobs are Number One, Governor forms Alliance
Speaker of the House Mike Hubbard stated that with what will sure to be a contentious fight over the redistricting of Alabama’s House and Senate, creating jobs and focusing on Alabama’s economy should be the goal of the 2012 Legislative Session. Friendly legislation that will reduce the state’s jobless rate, reported t
his month at 9.9 percent, is what interests Speaker Hubbard the most.

Meanwhile, Gov. Robert Bentley created the Alabama Economic Development Alliance to address these issues, as well. The goal of the newly formed group will be to look at ways to recruit new businesses, retain existing jobs, and create new ones. Numerous agencies and individuals specializing in economic development will make up the membership of the alliance. Some of these include the Alabama Development Office and Alabama’s institutions of higher learning.

Congressional Fundraising Totals
Between all of Alabama’s freshman members of Congress, Rep. Terri Sewell (D) has the lead when it comes to fundraising. She raised $236,000 in the months leading up to June 30, and has a total of $286,000 cash on hand. Other members of Congress did well with regards to fundraising like Rep. Mike Rogers (R), who raised $243,000 and has a total of $293,000 cash on hand.

Rounding  out the rest of the state’s Congressional delegation: Rep. Martha Roby (R) raised $146,000 and has $225,000 cash on hand; Rep. Mo Brooks (R) raised $91,000 and has $235,000 cash on hand; Rep. Spencer Bachus (R) raised $245,000 and has $542,000 cash on hand; Rep. Jo Bonner (R) raised $77,000 and has $302,000 cash on hand; Rep. Robert Aderholt (R) raised $128,500 and has $113,000 cash on hand.

If you have any questions regarding current legislation in Alabama, contact LSCU Director, Legislative Affairs Jason Cochran at 866.231.0545, ext. 2159. [ Return to Top ]

Compliance Corner
League InfoSight highlight: Changes for Regulation CC: Expedited Funds Availability

The current edition of the League InfoSight newsletter has an article about how credit unions will be required to make available the next day the first $200 of a deposit instead of the current $100 on deposits made to transaction accounts.

The Dodd-Frank Act, includes a provision to increase the next day funds availability requirements from $100 to $200. The increased funds availability provision became effective on July 21, 2011, when the Consumer Financial Protection Bureau (CFPB) officially began operations. Regulation CC (Section 229.18(e)) states that a credit union must send a notice to holders of consumer transaction accounts at least 30 days in advance before implementing a change to the credit union’s availability policy, except if a change expedites availability of funds. The exception allows a credit union to make the disclosure not later than 30 days after implementation of the improved availability.

Read more about changes to Regulation CC 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 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

July 29

July 30

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
SECUF announces additon of three new at-large directors

The three new at-large directors will join the Southeastern Credit Union Foundation (SECUF) Executive Committee in making key decisions affecting credit unions. The new members are:

  • Kevin Johnson, chief information cfficer, Suncoast Schools FCU
  • Jan Bias, vice president of Human Resources, Redstone FCU
  • Derek Ragland, chief operating officer, APCO Employees Credit Union

“This is a tremendous opportunity to be involved in the charitable arm of our League, and I am delighted to be a bigger part of it,” said Jan Bias. “Being so involved on a local front, I am excited to work with other credit union markets in gaining their involvement for the greater good,” said Bias.

For questions regarding the Southeastern Credit Union Foundation or its key initiatives, contact SECUF Executive Director,  Amber R. Tynan at 866.231.0545, ext. 1154. [ Return to Top ]

LSCU sponsors Day of Financial Literacy in Birmingham, AL

The 8th Annual Day of Financial Literacy was held in conjunction with the Alabama State Department of Education’s Career and Technical Education Professional Development Conference.

More than 600 teachers attended workshops, providing information on financial education resources such as the National Endowment for Financial Education’s High School Financial Planning Program.

State Treasurer Young Boozer was the speaker at the event’s luncheon. He emphasized the importance of providing students with information to help them make wise financial decisions. [ Return to Top ]

League presents CFE FCU Dora, Louise awards

The LSCU recently presented a credit union with plaques for their winning entries for the Dora Maxwell Social Responsibility Recognition Award and Louise Herring Award for Philosophy in Action. New to this year, rather than during the LSCU AC&E, the awards were scheduled to be presented at either the credit union or chapter meeting, depending on the credit union's preference.

Last week, CFE Federal Credit Union, in Lake Mary, Fla., was presented a plaque for winning first place in its asset size category ($1b+) for the Dora Maxwell Award. The credit union's winning entry showcased its fundraising efforts for the American Diabetes Walk 2010 program. With an initial goal of $15,000, CFE exceeded its goal with a total donation of approximately $17,000 raised. Not only did the credit union program provide avenues to raise funds, it also incorporated activities to raise awareness.

CFE FCU was also presented a plaque for winning second place for the Louise Herring Award. The entry featured its "Balance" Financial Fitness Program. Since Central Florida and Orlando, in particular, have been hit hard by the economic recession that began in 2008, this program serves as a cost free and confidential means for members to receive guidance and counseling on their financial affairs.

The Dora Maxwell program honors the work of credit unions in the community such as ongoing programs and established relationships with local social services agencies or school programs. The Louise Herring program recognizes the practical application of credit union philosophy through internal programs to improve members' lives such as programs that provide special assistance to low-income members or school branches. First place state-winners will be entered in to CUNA's national competition.


League representative Amber R. Tynan (r) presents both awards to: (l to r) Suzanne Dusch, VP Marketing; Nancy Whitecavage, Manager Public Relations; and Joe Melbourne, President/CEO.

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Tampa Chapter highlights rules for safety in CU robbery situations with seminar

The Tampa Chapter of Credit Unions, in partnership with the Hillsborough County Sherriff’s Crime Awareness Team and Pasco County Sherriff’s Office, came together to present three different Robbery & Personal Safety Awareness Seminars.

The Robbery & Personal Safety Awareness seminars are designed to provide critical information to credit union employees regarding robberies, what to look for, and what to do if their credit union location is involved in a robbery. 

After the presentation, a live re-enacted robbery was performed that included real weapons, with the objective to make all attendees aware of the stress and emotions one would experience should they be in an authentic robbery situation. The mock robbery was discussed after the re-enactment to be sure the attendees were aware of what they should be looking for in a dangerous situation such as an armed robbery. To download a suspect description form, click here. [ Return to Top ]

Register for CIF with MEMBERS Trust Company webinar August 24

Credit unions are encouraged to register for a free webinar from MEMBERS Trust Company titled "Community Investment Fund (CIF) Investment Options: Paying more than just Dividends and Interest." The 20-minute webinar will be held August 24, 2011 at 3:30 CT (1:30 PT | 4:30 PM ET).

Webinar participants will get a chance to hear more about MEMBERS Trust Company, and its CIF investment options from Jason Ritzenthaler, CFA, CTFA, vice president of Trust & Investments, MEMBERS Trust Company, FSB.

Click here to register for the webinar.

How Does CIF with MEMBERS Trust Company Work?
The National Credit Union Foundation’s Community Investment Fund gives credit unions the ability to leverage their investments to support innovative credit union programs in their state and around the country. To participate in CIF with MEMBERS Trust Company, credit unions invest in either of the following:

  1. CIF Investment Trust – a conservatively managed 703 permissible funds portfolio. The minimum recommended investment is $500,000
  2. CIF CD investment - fully FDIC insured up to $50,000,000. The minimum recommended investment is $250,000

A portion of the return goes back to investing credit unions, with the remaining share being paid to the NCUF, half of which is then granted to the credit union's state credit union foundation or league. NCUF uses the remaining portion of the CIF interest to support its national programs including:

It's an easy way to make a big impact! [ Return to Top ]

Education News
Registration for LSCU Supervisory Committee Conference open until July 29

Whether you are a new supervisory committee or board member, or you are a seasoned volunteer, attendance at this event will most definitely enrich your contributions to your credit union. This conference agenda includes the latest information and updates regarding credit union auditing, compliance, and fraud. With a wide variety of speakers and topics, attendees will better their knowledge to help keep your credit union secure and strong. 

Click here to view/download  the conference flyer.

Although designed with supervisory committee members and board members in mind, this conference is also a perfect fit for credit union managers and compliance officers.  If you are a CPA, Continuing Education Credits are also applicable.

LSCU Supervisory Committee Conference
Date: July 31 – August 3, 2011
Grand Hotel Marriott Resort, Golf Club & Spa, Point Clear, AL
Registration: $475/person and $150/guest
Questions:
education@lscu.coop or 866.231.0545 x 2129

Click here for more information and to register.

Sponsored by:

 

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CCUE designations awarded to credit union staff

Certified Credit Union Executive (CCUE), instituted in 1975, is the hallmark of professional credit union achievement. Designed for managers, and those aspiring to credit union leadership, the program teaches advanced credit union management and operations techniques.

These individuals have earned the highest professional recognition available in the credit union movement.  CCUE designees have successfully completed rigorous courses and have agreed to uphold the CCUE Code of Ethics.

Below are five recent CCUE designations:

  • Patricia Leach, Achieva Credit Union, Clearwater, FL
  • Doreen Paulitzky, Suncoast Schools FCU, Tampa, FL
  • Stephen Shepler, Suncoast Schools FCU, Tampa, FL
  • Angela Valladares, Suncoast Schools FCU, Tampa, FL
  • Andrea Hurley, First Florida Credit Union, Jacksonville,  FL

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Education Calendar

Upcoming Events:

Wednesday, July 26
Best Practices for Board Package Preparation
Webinar

Wednesday, July 27
Consumer Lending Series: Identifying & Avoiding Lender Liability Pitfalls
Webinar

Sunday, July 31 - Wednesday, Aug. 3
LSCU Supervisory Committee Conference
Webinar

Click here to view complete calendar of events.

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LEVERAGE News
'Sprint' into additional revenue with Member Discount Plan

The Sprint Member Discount Plan offers credit unions marketing incentives and an additional added value of membership. This program also helps generate additional income and in turn, members and employees benefit by receiving 10 percent off of their monthly cell phone charges.

For more information on the Sprint Member Discount Plan, or LEVERAGE products, contact a LEVERAGE Business Development Consultant.  [ Return to Top ]

News from You
Wiregrass Chapter donation helps in funding truck for area food bank

A 2010 donation from the Wiregrass Chapter of Credit Unions to the United Way Wiregrass Area Food Bank helped finance the truck and trailer to haul donations to the food bank. The food bank recognized the Chapter by putting the logo on the trailer for the local community to see every time it is on the road.


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Credit union pioneer Frederick Hogan dies

For decades, Frederick Hogan had a significant influence on the credit union movement. He started his own successful small business in sales but left it to join the employ of Henry Claywell at Hillsborough County Teachers Credit Union in the mid 50s. He was deeply affected by the narrative of Credit Union financial services provision, in particular their nonprofit and member oriented basis. After a number of years, he left Hillsborough County Teachers CU to become the manager of the then nescient Publix Supermarkets Federal Credit Union in Lakeland, Fla. He grew its size geometrically and significantly expanded its services to include checking, credit cards and many other full banking services.

Hogan even helped form a corporation to provide "in-house" data processing services for a regional group of member credit unions. These were firsts for credit unions at the time, and his innovations helped transform credit unions into the significantly competitive financial services providers that they are today. During his time at Publix Supermarkets FCU, he was elected three times as president of the Credit Union Executive Society, and the International Association of Credit Unions. He left Publix FCU in 1980 to become the manager of the University of South Florida Credit Union and quintupled its size. He retired from USF FCU in 1985. During his retirement, he formed his own financial services consulting firm Hogan and Associates, and sat on the Board of Directors of TeleCredit as a consultant for a number of years. Fred Hogan will be greatly missed from the credit union movement. [ 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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