LSCU eSignal Weekly
LSCU eNews Weekly August 8, 2011
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LSCU eNews Weekly
In This Issue
LSCU Headlines
President's Point
League sends letter to the editor refuting bankers
CUNA urges President Obama to push MBL legislation
Former State Rep. Tom Grady chosen as OFR commissioner
Florida Trend names two credit unions as "Best Companies"
Filene Institute seeks 40 CUs for CEO leadership study
Reserve your spot at this year's SCUMA Annual Conference in Sandestin, FL
Updated LSCU CU Directory available online for LSCU members
Governmental Affairs News
This week in Florida politics: Gov. Scott sees approval ratings rise, Florida's tax holiday returns
Don't miss LSCU's Hike the Hill coming up Sept. 19-21 in Washington, D.C.
Compliance Corner
League InfoSight highlight: Employment Channel Updated
NCUA seeks comments on proposal to increase regulation of CUSOs
Compliance calendar and training
Cooperative Initiatives News
New shared branching outlets in Florida
Education News
LSCU Regulatory Compliance Updates coming soon!
2011 LSCU Supervisory Committee Conference snapshot
Education Calendar
LEVERAGE News
Let CSS, JMFA help you trim expenses, grow revenue
Get your specifications in for upcoming LEVERAGE ePurchasing events
News from You
Alabama Teachers CU continue disaster relief in Alabama
Legacy For Good Foundation, area credit unions raise funds for Red Cross
EMPLOYMENT
View available credit union jobs
In This Issue
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LSCU Headlines

President's Point

As we all watch the stock market to see how Standard & Poor’s downgrade of the U.S. credit rating will affect our economy, this past week should be a good reminder as to why credit union engagement in the political process is so important. The debt ceiling compromise agreed to by Congress and the White House includes both spending cuts and possible new taxes. While the credit union tax exemption has not come up, the bankers did push Congress to look at it as part of “closing tax loopholes.”  Florida Bankers Association CEO Alex Sanchez sent a letter to the White House, Florida’s Congressional Delegate and Congressional Leaders requesting just that.   The League quickly responded by sending a letter explaining the credit union tax exemption and its benefits for consumers. You can read both letters in the League’s Legislative Update page.  

Sanchez continued his rhetoric in the Tallahassee Democrat last week by writing a “My View” column very similar to his letter. The League once again sent a letter refuting Sanchez’s inaccuracies and blatant false statements. The League’s letter to the editor was published in Sunday’s Tallahassee Democrat. (See story below). High ranking members of Congress told CUNA and the League that the credit union tax exemption was never discussed and it’s currently not on the table. However, they can’t be for certain it won’t come up in the future.

At this year’s CUNA GAC and the LSCU State GACs, protecting the credit union tax exemption was a hot topic with our lawmakers. It was especially important this year with so many new members of Congress and the large amount of new faces in the Alabama and Florida state legislatures. With the current political climate still as volatile, we can expect to see new faces every election cycle. It’s critically important that credit unions engage with their lawmakers on the state and federal level to educate them about the benefits of belonging to a credit union. It’s not just that we’re member owned and not for profit, but we save our members millions of dollars through better rates and lower fees.

Over the next few weeks, it’s also important that credit unions pay attention to a new House/Senate committee that was formed out of the debt ceiling debate. The 12-member House/Senate committee is charged with making recommendations for $1.5 trillion in additional spending cuts and maybe eliminates tax expenditures.  Right now the 12-member committee has not been announced, but don’t be surprised if Sen. Jeff Sessions (R-AL), ranking Republican member of the Senate Budget Committee, is appointed to the group.  You can rest assured that CUNA and the League will put on a full court press if the committee has any lawmakers from Alabama and/or Florida.

The League’s fall Hike the Hill is coming up Sept. 19-21 and with the climate in Washington, it couldn’t come at a better time. We need a good showing by credit unions in both states. The LSCU, along with six other leagues, will be in town for our Hill visits during NAFCU’s Congressional Caucus. Our members of Congress will get a heavy dose of credit unions as we go to the Hill with one unified voice. This will be a great time to defend our tax exemption and explain the different business model we have and how it serves our members and not shareholders.

This past week was a good example of how a discussion about a singular topic in Washington D.C. can quickly involve credit unions. The more that we are involved in our Hill visits, district visits and action alerts, the more our lawmakers will understand our issues. CUNA has done a great job of lobbying on our behalf and setting the stage for these types of discussions. However, we must do our part and build on that foundation. These issues are too important to hope another credit union is doing it for you.

I welcome your thoughts and feedback.

  [ Return to Top ]

League sends letter to the editor refuting bankers

On Aug. 1, Florida Bankers Association CEO Alex Sanchez authored a "My View" column in the Tallahassee Democrat. The column touched on the debt ceiling discussion in Washington, but it was written as an attack on the credit union tax exemption. In the column, Mr. Sanchez claimed that credit unions enjoy a "tax loophole." This is the same argument that he made to the White House, House Speaker John Boehner and Senate Majority Leader Harry Reid in a letter written in late June. The League responded to his letter quickly. You can read both of them by visiting the League's Legislative Update page.

The League responded to Sanchez's column with its own "My View" column. However, the Tallahassee Democrat would not publish a rebuttal column. LSCU President/CEO Patrick La Pinie submitted a letter to the editor pointing out Sanchez's inaccuracies and pointing out that 2,300 Sub-chapter S banks also enjoy a similar tax exemption similar to credit unions. The letter ran this past Sunday. You can read the letter by clicking here.

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CUNA urges President Obama to push MBL legislation

CUNA President/CEO Bill Cheney wrote in a letter to the president, “As the economy continues to recover from the financial crisis, Americans need credit unions now more than ever.”

When President Obama signed legislation on Aug. 2 to increase the debt ceiling, and reduce federal spending he promised to re-double efforts to create more jobs.

Cheney wrote that the legislation “would allow credit unions to lend up to $13 billion to small businesses in the first year without an outlay of a single taxpayer dollar.’’

Sen. Mark Udall (D-CO) and Rep. Ed Royce (R-CA) have both introduced legislation that would allow eligible credit unions to increase their small business lending to 27.5 percent of total assets, at a rate of growth not to exceed 30 percent a year.

Credit unions must be well-capitalized, be at or above 80 percent of the current cap, have five or more years of member business lending experience and be able to demonstrate sound underwriting and servicing.  If a credit union’s net worth ratio falls below the well-capitalized requirement (currently 7 percent), it would have to stop making new business loans.

The Senate Banking Committee held a hearing on the measure last month, at which NCUA Chairman Debbie Matz endorsed the measure and said the agency is capable of enacting adequate regulatory safeguards to minimize the risks to the NCUSIF.

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Former State Rep. Tom Grady chosen as OFR commissioner

Tom Grady was chosen by Gov. Rick Scott and members of the Florida Cabinet to serve as the next commissioner of the Office of Financial Regulation. He is replacing outgoing commissioner Thomas Cardwell who announced in May that he was stepping down after spending two years on the job.

Grady is a Naples attorney who has spent his career focusing on securities and financial industry regulation. He has been active with securities organizations, and has served as a broker/dealer training instructor for organizations such as the American Arbitration Association and the New York Stock Exchange.

"It's a particularly good opportunity for me, because what I have done for 30 years professionally is to battle fraud within the financial industry,'' Grady told the Florida Tribune. "I think capitalism can’t work if it is infiltrated with fraud."

Grady, who spent one term in the Florida House, was also the lawyer who helped lead against Gov. Charlie Crist on behalf of disgruntled Republican donors. The donors wanted their contributions returned after Crist switched parties last year in the U.S. Senate race.

Grady is friends with Scott, and even lives right down the street from him in Naples. But Grady said that it was actually Atwater who took a "lead role" in talking with him about taking over the office responsible for regulating banks, securities, and financial institutions in the state.

“Tom is an excellent choice to lead the Office of Financial Regulation. He has a wealth of experience in financial services, especially in the fields of securities and mortgage banking,” Chief Financial Officer Jeff Atwater told the Tribune.

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Florida Trend names two credit unions as "Best Companies"

Florida Trend magazine annually publishes its list of the "Best Companies to Work For." For 2011, 100 companies were honored. FAIRWINDS Credit Union, based in Orlando and Navy Federal Credit Union, based in Vienna, VA, were the only two financial institutions that made the list. 

The large company category consists of businesses with more than 250 employees. The criteria to be chosen came from a questionnaire to a sample group of employees at businesses across the state. The questions focused on eight themes: Leadership and planning; corporate culture and communications; role satisfaction; work environment; relationship with supervisor; training and development; pay and benefits; and overall engagement.

Navy Federal was chosen as the 11th best company, while Fairwinds came in 18th.  FAIRWINDS is routinely named one of Orlando's best places to work. In May, FAIRWINDS was honored as the Credit Union of the Year by the U.S. Small Business Administration’s North Florida District Office, which also includes Central Florida.   [ Return to Top ]

Filene Institute seeks 40 CUs for CEO leadership study

A new Filene research study, "Predicting Organizational Performance: The Role of the CEO, the Senior Management Team, and Work Engagement" by Prof. Murray Barrick of Texas A&M University aims to identify personality traits and leadership styles of effective credit union CEOs and senior management teams.

The research will:

  • Identify the personality traits, types of engagement goals, and leadership styles of highly effective CEOs and senior management teams
  • Assess the motivating potential of a credit union's work environment by measuring management support, high-performance work practices, and methods of task-design by managers
  • Examine how the attributes of the CEO and other senior managers interact with the motivating potential of the work environment to predict the most important outcome: the credit union's overall performance

Participating credit unions will be admitted to the study on a first-come, first-served basis. Credit unions of all sizes in the U.S. and Canada are eligible. The findings will be published by the Filene Research Institute.

"As we navigate this 'new normal' economy, leadership that can infuse every layer of the credit union is essential," said Mark Meyer, Filene CEO. "This study will help CEOs understand not just their own styles, but how those styles trickle down through their organizations."

Participating credit unions will receive specific feedback and access to the final report, even if they are not Filene members. There is no cost to participate.

The data that participants contribute will always be private; Filene's public report will present anonymous aggregate findings.

The deadline for participants to register is Aug. 19.

To register for the Filene Research Institute study, click here.

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Reserve your spot at this year's SCUMA Annual Conference in Sandestin, FL

One of the premier conferences for credit union executive staff and management, the Southeast Credit Union Management Association Annual Conference (SCUMA) is scheduled for Aug. 24-26 at the Hilton Sandestin Beach Golf Resort & Spa in Sandestin, FL. 

The SCUMA Annual Conference is designed to assist chief executive officers, presidents, vice presidents, chief operating officers, chief financial officers, chief information officers, managers, assistant managers, and branch managers of credit unions located in Alabama and Florida. The conference will cover credit union issues, the economic outlook, leadership, and more.

To download the SCUMA Annual Conference brochure, click here. For more information about SCUMA, visit their website here.

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Updated LSCU CU Directory available online for LSCU members

An updated version of the LSCU Credit Union Directory is now available! The directory is located on the LSCU website in the About Us section (which is located in the upper right corner of the home page). To view the directory, you must be logged in to the website. Member credit unions that do not have a password, may click here to sign up for one. The directory provides statistics and general information for Alabama and Florida credit unions such as:

Chapter
Name of President/CEO/Manager
Physical and mailing address
Phone Number
Fax
Website
Assets
Shares
Loans
Members

There are also listings of Alabama credit unions and Florida credit unions, an LSCU consultant region map, a quick reference guide of CU executives, a section listing credit union branches, system partners, and credit union organizations. A printable directory is also available to be downloaded as a PDF.  [ Return to Top ]

Governmental Affairs News
This week in Florida politics: Gov. Scott sees approval ratings rise, Florida's tax holiday returns

LSCU Legislative Issues:
The LSCU Governmental Affairs team is hard at work preparing for the Legislature’s return. Currently, the GA team is working to secure sponsorship for legislation that would allow credit unions to become Qualified Public Depositories in Florida. Furthermore, the team is working through the Florida Credit Union Act in order to bring meaningful change that would help reduce the regulatory burden on credit unions in Florida. Please do not hesitate to offer suggestions on pieces of the Florida Credit Union Act that you feel should be changed, added, or eliminated.

Florida Political News:

From Terrible to Bad
According to a Quinnipiac poll, Gov. Rick Scott is the country’s most unpopular governor. However, that may be coming to an end. A new poll released at the end of last week showed that Gov. Scott’s approval rating has risen from 29 percent to 35 percent in early August. Furthermore, his negative rating dropped from 57 percent to 52 percent. The poll showed that Gov. Scott’s uptick came primarily from Republicans, and male voters. The poll also showed that 45 percent of people dislike the governor as a person.

Florida’s Tax Holiday Returns
Floridians will have tax-free shopping days Aug.12-15. During the three-day holiday, clothing that costs $75 or less, and school supplies that cost less than $15 each, are eligible for a break from the state’s six-percent sales tax, according to the Florida Department of Revenue. That is an increase from last year where clothes had to be $50 or less, and school supplies had to be $10 or less to be eligible. There was no sales tax holiday in 2009. The list of items included in the sales tax holiday is compiled by the Florida Legislature and includes items such as notebook filler paper, pencils, pens, jeans, sweaters, shoes, sports uniforms, and backpacks. Not included in the list of tax exempt items are books, briefcases, athletic gloves and pads, or umbrellas.

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

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Don't miss LSCU's Hike the Hill coming up Sept. 19-21 in Washington, D.C.

Remember, this year's LSCU Hike the Hill to Washington, D.C. is scheduled for Sept. 19-21.

For credit unions, the chance to meet and talk with legislators face-to-face is essential in reflecting the importance of your membership, and how Congressional legislation could affect the operations of your credit union.

This year, to help coordinate visits with those credit unions that will be attending the National Association of Federal Credit Unions (NAFCU) Congressional Caucus, we have made the decision to hold our fall Hill visits at the same time. This is a departure from previous years when our September Hike the Hill was also in September, but not the same week as NAFCU’s Congressional Caucus. Two separate events so close together created several issues for credit unions:

  • It divides our numbers over two consecutive weeks, lessening our political impact with our federal congressional delegations
  • Since NAFCU does not have a state league network, member credit unions schedule their own Hill visits. This will be in addition to the meetings that will be requested by the League creating some confusion for Congressional offices
  • Credit unions need to speak with one unified voice on federal issues of importance as not to send mixed messages to our delegations

While this is a departure from how the League has done Hike-the-Hills and NAFCU Congressional Caucus lobbying visits in the past, the League believes that this option presents a positive way to avoid holding “competing” Hill visits so close together. It will create the right message for our Congressional Delegations.

The League Hill visits will be for all credit unions who will be going to the Hike the Hill or in town for the NAFCU Congressional Caucus, and regardless of affiliation with the LSCU. The League looks forward to everyone joining us for these important meetings. League staff will arrange meetings with the Congressional delegations of both states for LSCU and NAFCU Congressional Caucus attendees together.

For those attending the NAFCU Conference, this means you will not need to schedule your own individual meetings. A schedule of meetings will be sent to all attendees once they are finalized. To ensure thatmeetings are scheduled for all attendees, and to ensure that everyone receives a copy of the schedule of Congressional meetings, it is important that everyone send the attached registration form to the League, including those who will be there with the NAFCU Congressional Caucus.

Be sure to take a look at the tentative agenda as well as the flight and hotel information. To register click here, and once you complete the registration form, return via email or fax. Please Note - There is no registration fee for Hike the Hill.

In addition to the Hill visits, the League will be holding a legislative briefing at CUNA’s office on Monday afternoon, followed by a reception at Credit Union House. Everyone is invited to attend both of these events, whether you are there for the NAFCU Caucus or the Hike the Hill, and regardless of your credit union’s affiliation with the League. LSCU hopes everyone will join us for both of these events, as well as for the Congressional visits.

Visiting with lawmakers at home is important, but taking time to go to Washington, D.C. is viewed by lawmakers as the ultimate constituent contact.

In keeping with LSCU's commitment to meet with lawmakers more frequently than just CUNA’s GAC, you, and your chair, or any of your board members, are encouraged to join LSCU in promoting credit union grassroots political action. Your visits are crucial in keeping credit unions visible before Congress.

If you have any questions, or need more information, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545, ext. 2137.

[ Return to Top ]

Compliance Corner
League InfoSight highlight: Employment Channel Updated

The current edition of the League InfoSight newsletter has an article about the addition of two topics to the Employment Channel. The topics are:

Genetic Information Nondiscrimination Act
The Genetic Information Nondiscrimination Act (GINA) took effect on Nov. 21, 2009; in the fall of 2010, the Equal Employment Opportunity Commission issued a final rule implementing the various provisions of GINA.

This law prohibits the use of genetic information in making employment decisions, restricts acquisition of genetic information by employers, and strictly limits the disclosure of genetic information. The law also prohibits retaliation against employees who complain about genetic discrimination.

Patient Protection and Affordable Care Act
On March 23, 2010, President Obama signed into law The Patient Protection and Affordable Care Act (“Affordable Care Act”). On March 30, 2010, amendments to this legislation were added through a separate bill, the Health Care and Education Reconciliation Act of 2010.

Generally, this law requires most legal U.S. residents to obtain health insurance or pay a penalty, and provides government subsidies to help lower-income individuals obtain health insurance through state health insurance exchanges which are expected to be in place by 2014. The law also imposes significant new responsibilities on employers and the health insurance industry.

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.

  [ Return to Top ]

NCUA seeks comments on proposal to increase regulation of CUSOs

The proposed National Credit Union Administration (NCUA) amendment to the Credit Union Service Organization (CUSO) regulation is now published in the Federal Register, the first required step. The NCUA Board issued a proposal that, if adopted, expands reporting requirements for CUSOs and requires state chartered federally insured credit unions (FISCUs) to comply with requirements regarding CUSOs that federal credit unions currently meet. Any CUSO subsidiary would also have to comply with the regulation if and when it is adopted.

The proposed rule would require CUSOs to file financial reports directly with NCUA, as well as the appropriate state supervisory authority (SSA). Federal Credit Unions (FCUs) and FISCUs would be required to include in their agreements with CUSOs a requirement that a CUSO submit annual financial reports directly to NCUA (plus their SSA, for FISCUs). NCUA will issue guidance on the required specific timing of and information to be contained in these reports. The proposal addresses five broad categories of information relating to the CUSOs.  The five areas are: General Information, Board and Management, A List of Services, Customer Listing, and Balance Sheet and Income Statement.

Click here to read the full proposal.

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Compliance calendar and training

Compliance Calendar

August 15

August 19

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
New shared branching outlets in Florida

Shared branching is a unique feature of credit unions allowing members to make transactions from a number of locations nationwide.The new locations bring the Florida total of shared branches to 233.

New shared branching outlets added:

Railroad & Industrial FCU
1209 Kingsway Rd
Brandon, FL 33510
Phone: 813-621-6661
Fax: 813-626-5033    

Railroad & Industrial FCU
6106 Delancey Station
Riverview, FL 33569
Phone: 813-621-6661
Fax: 813-626-5033    

Railroad & Industrial FCU
4373 Lynx Paw Trail
Valrico, FL 33594
Phone: 813-621-6661
Fax: 813-626-5033

Railroad & Industrial FCU
1701 W Baker St
Plant City, FL 33563
Phone: 813-621-6661
Fax: 813-626-5033    

Railroad & Industrial FCU
2315 Drane Field Rd
Lakeland, FL 33811
Phone: 813-621-6661
Fax: 813-626-5033   

Railroad & Industrial FCU
3305 Lakeland Hills Blvd
Lakeland, FL 33805
Phone: 813-621-6661
Fax: 813-626-5033

Railroad & Industrial FCU
3710 N 50th St
Tampa, FL 33619
Phone: 813-621-6661
Fax: 813-626-5033    

Railroad & Industrial FCU
12125 N 56th St
Temple Terrace, FL 33617
Phone: 813-621-6661
Fax: 813-626-5033

Dade County FCU
20645 NW 2nd Ave
Miami, FL 33169
Phone: 786-845-4286
Fax: 305-249-5995

Dade County FCU
475 Biltmore Way
Coral Gables, FL 33134
Phone: 786-845-4203
Fax: 305-541-417

For more information on shared branching, contact CUSC Shared Branching Manager, Tameka Dukes at 866.231.0545, ext. 2178.

  [ Return to Top ]

Education News
LSCU Regulatory Compliance Updates coming soon!

LSCU Regulatory Compliance Updates

Location: LSCU Annex, Tallahassee, FL
Date: Tuesday, Sept. 13
Registration: $259/person

Location: Birmingham Marriott, Birmingham, AL
Date: Wednesday, Sept. 14
Registration: $259/person
Room Rate: $139.00 night
Room Rate Cutoff: Tuesday, Aug. 30

Speaker: Todd Sherpy
R. Todd Sherpy is a founding partner with the law firm of Sherpy & Jones, P.A. The firm is dedicated to serving all legal needs of credit unions; and provides day-to-day compliance, compliance auditing, training, and consulting services to credit unions throughout the country. Todd serves as General Council to the South Carolina League, and consults with several other credit union leagues on a regular basis.

Some comments from last year’s Regulatory Compliance Update attendees:

  • “Todd’s knowledge is vast. Everything he spoke of was relevant to my credit union."
  • “Very well done! Comments were to the point and insight was very useful in the real world. Exceeded my expectations.”
  • “Todd’s presentation is very insightful and he reviews actual hot topics in terms everyone can understand.”

For questions, send an email to education@lscu.coop or call 866.231.0545, ext. 2129.

Cancellation Policy: All cancellations must be in writing and received five business days prior to the event. No refunds will be issued after this date. Substitutions are welcome. [ Return to Top ]

2011 LSCU Supervisory Committee Conference snapshot

The League's annual Supervisory Committee Conference was held this past week. Thirty three credit unions participated in the event with a total of 102 attendees. Participants heard from several speakers who enlightened attendees on the value and importance of the Supervisory Committee, as well as explained and reviewed the responsibilities of the Committee Members. In addition, attendees were able to participate in a roundtable discussion with peers to share best practices and experiences with other Supervisory Committee Members.

When asked what was the best thing about this year’s event one attendee said, “the variety of speakers were interesting, informative, and helped me think about my responsibilities as a Supervisory Committee Member, and how to be better in helping the credit union.”

Attendees at this year's LSCU Supervisory Committee Conference obtained a wealth of information from speakers dedicated to preparing them to use that information at their credit union.

From l to r: LSCU Member Relations Specialist, David Lenoir and Javier Ramos from Redstone FCU.

  [ Return to Top ]

Education Calendar

Upcoming Events:

Wednesday, Aug. 10
Reg Z Credit Card Act: It's Not Just for Credit Cards
3 - 4 p.m. EST
Webinar

Thursday, Aug. 11
Opening Trust Accounts: Documentation, Authority, Liability
3 - 4 p.m. EST
Webinar

Wednesday, August 17
Consumer Lending Series: Hot Regulatory Issues in Consumer Lending
3 – 4:30 pm EST – webinar

Click here to view complete calendar of events.

[ Return to Top ]

LEVERAGE News
Let CSS, JMFA help you trim expenses, grow revenue

Sign up for two free webinars on Aug. 23 and 25, to learn how you can chart a course to financial stability by trimming expenses and increasing revenue.

Aug. 23, 1:30 p.m. CST
Boosting Fee Income Can Lead to Increased Market Share

Presented by Richard Miller, Executive Director, JMFA

Sign up today!

Aug. 25, 1:30 p.m. CST
The Environment is Right to Save on Service Contracts

Presented By Kelly Flynn, Director, JMFA

Sign up today!

Thanks to the partnership between CUNA Strategic Services and JMFA, these free webinars will explain everything you need to know about:

  • How to reduce the costs of services you use every day and get better contract terms without changing vendor
  • How to increase your non-interest income by 50 to 300 percent, while maintaining 100 percent compliance and providing better service to your members

Results are Guaranteed!
Over the years, JMFA has delivered solid results to more than 2,000 clients in all 50 states. Best of all, JMFA performance and profitability solutions are contingency-based programs: if we don’t uncover any savings, you owe nothing! [ Return to Top ]

Get your specifications in for upcoming LEVERAGE ePurchasing events

There are a number of upcoming events geared towards helping your credit union remain compliant, as well as improve the purchasing process.

LEVERAGE's upcoming ePurchasing events are as follows:

  • Computers/printers/toner – mid/end of August – Require specifications ASAP
  • Teller cash dispensers – mid/end of August – Require specifications by end of July/ first week of August
  • ATM machines/maintenance - end of August – Require specifications by end of July/first week of August
  • Armored car services – beginning of September – Require specifications by beginning of August
  • ATM machines/maintenance services – end of October – Require specifications by end of September

For more information, click here to contact a Business Development Consultant or visit the Ventelligence website.

[ Return to Top ]

News from You
Alabama Teachers CU continue disaster relief in Alabama

Everyone residing in the state of Alabama remembers the date, April 27, 2011, including employees of Alabama Teachers Credit Union (ATCU). Since that tragic day, employees of ATCU have volunteered their time in aiding those that were affected by the storms. Not only have employees volunteered their time to donate food, household items and feeding clean-up crews, but a special loan program was designed specifically for the victims.

This loan is called the Connected to Community loan, or C2C, interest free loan. This short-term, no interest loan program was designed to help members who had no insurance, members who needed to fill in the gaps of their insurance coverage, as well as any other needs that may have arisen from the tragic events of April 27, 2011. While we cannot help undo the past, ATCU is honored to play a role in helping its members heal and move toward the future.

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Legacy For Good Foundation, area credit unions raise funds for Red Cross

The Legacy for Good Foundation coordinated fundraising efforts at area Legacy Community Federal Credit Union branches to raise funds for Tornado Relief efforts of the American Red Cross, Alabama Chapter.

CBS42 organized several area credit unions together to join in raising money for the Red Cross. The cumulative fundraising efforts of the Legacy for Good Foundation and four area credit unions amounted to a $15,500 donation to the American Red Cross. The donations will go to further ongoing tornado relief efforts in the Alabama region.

The Legacy For Good Foundation awards grants on a quarterly basis. Grant proposals and individual nominations may be submitted at any time on the Foundation’s website. The Foundation focuses its efforts within the Greater Birmingham area.

The Legacy For Good Foundation is funded by donations from Legacy Community Federal Credit Union employees, members, and the community. Donations to the Legacy For Good Foundation can be made at any Legacy Credit Union location. [ 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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