LSCU eSignal Weekly
LSCU eNews Weekly August 22, 2011
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LSCU eNews Weekly
In This Issue
LSCU Headlines
President's Point
LSCU Image Campaign raises more than $1.3 million; debuts Sept. 7
Iowa credit union CEO pitches MBLs to President Obama
Mastercard lays out two-tiered system in credit union conference call
Cut-off date for LSCU Hike the Hill hotel block extended through Aug. 23
CUNA Mutual Group strengthens capital
LEVERAGE partner to be honored with Herb Wegner award
NEW: Podcast with SECUF Executive Director Amber Tynan
LSCU presents Dora Maxwell Award to Alabama Telco CU
Governmental Affairs News
This week in Alabama politics: Closer look at new immigration law, new bingo trial moving forward
This week in Florida politics: New OFR Chief gives up lawsuit, Gov. Scott overruled by Supreme Court
Compliance Corner
League InfoSight highlight: Member Notification Due Date – Regulation CC: Expedited Funds Availability
Compliance calendar and training
Cooperative Initiatives News
SECUF gives credit unions more options with Community Investment Fund
Education News
Mark your calendar for Bank Secrecy Training classes
LSCU Regulatory Compliance Updates only a few weeks away
Education Calendar
LEVERAGE News
JMFA releases new issue of The Floyd Report
News from You
JetStream FCU participates in summer internship program for fourth consecutive year
America’s First FCU recognized as 2011 Best Company to Work for in Alabama
EMPLOYMENT
View available credit union jobs
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LSCU Headlines

President's Point

Earlier this month, the CU Times reported that the National Association of State Chartered Credit Unions (NASCUS) met to discuss, among other topics, credit unions considering converting to banks. The article pointed out that NASCUS wasn’t expecting a rash of conversions, but getting its ducks in a row, just in case. Talking to my colleagues from around the country, I know of a handful of credit unions seriously contemplating a credit union to bank conversion, one being in Florida. Many credit unions are upset with NCUA, its corporate credit union assessments and believe converting might be a way to get out from under the regulator and future assessments.

But think about this, a credit union trying to get out from under the NCUA assessments is similar to a member strategically defaulting on a loan, causing a loss that has to be absorbed by the rest of the membership. For any credit union that converts to a bank, their assessments will just be passed on to the rest of the credit unions. This should trouble all of us. The current corporate stabilization and NCUSIF assessments are extremely burdensome to credit unions but this is the self-insured system our industry is rooted in. If you think the grass is any greener on the banking side, give me a call and I will send you the FDIC projected assessment numbers.  

The League’s position is that the credit union charter is the charter of choice for serving American consumers' financial needs. I obviously understand credit unions’ frustration with increased NCUA regulation and assessments. It’s a difficult period for our movement. But if a credit union feels converting to a bank will be better for its membership, rates and history proves differently.

This past week the LSCU board of directors approved a credit union to bank conversion policy. It’s core to the mission of the League to preserve, protect, and promote the credit union charter. There are many steps a credit union must take during the conversion process on both state, and NCUA regulation including keeping the membership well informed by providing them with the advantages and disadvantages of such a conversion prior to voting. While the membership has the final vote on a charter conversion, proper signage, and notices are required to ensure all of the pertinent information has been given to them. It is part of the League’s job to monitor the process and be prepared to provide information if credit union management and the board fail to live up to their responsibility.

Let me go back to the frustration with the NCUA. Since the consolidation of the Alabama and Florida leagues, our staff has worked hard to get our credit unions in front of our state and federal regulators. We have had many meetings with NCUA Region III Director Herb Yolles. He’s spoken at a number of our conferences and he will once again speak at our Development Conference in November in Point Clear, AL. We continue to reach out to NCUA Chairman Debbie Matz. I, along with other league presidents, have been in a number of private conversations with her. Many times I solicit questions from our credit unions to ask to her directly.

Many so called “consultants” are out there now soliciting credit unions to consider a charter conversion, and they may not be painting a complete picture. Remember, these “consultants” are not doing this for free. The League and CUNA have many resources available to give an accurate and full picture of future NCUA and FDIC assessments and how a charter conversion will affect members. Any NCUA assessments will certainly be less than what a converted bank will pay the FDIC and what it will pay in taxes, since the conversion will also include forfeiting the tax exemption. If a credit union is part of shared branching, they will also have to forfeit this valuable service afforded its membership.

The credit union movement is only as strong as our credit unions are collectively. If credit unions give in to the temptation of converting to a bank, it will weaken the entire movement. And who will truly benefit financially from such a conversion? Now is not the time to be fracturing. Now is the time to work together to promote the credit union difference, and let our potential members know we are a unique and better alternative than a bank. The best way to improve the operating environment for credit unions is by us working together to perfect change both in Washington and our state capitols.     

I welcome your thoughts and feedback.

[ Return to Top ]

LSCU Image Campaign raises more than $1.3 million; debuts Sept. 7

With 100 credit unions participating and more than $1.3 million raised, the League's Statewide Image Campaign will hit media markets beginning Sept. 7. The campaign will be the largest "voluntary" campaign waged by credit unions. Each of the 14 media markets across Alabama and Florida will have a combination of TV, radio, online, social media, outdoor, and public relations, depending on the amount of money raised in each area.

The creative will push potential members to a landing website that will highlight the credit union difference and when a zip code is searched, participating credit unions will come up first with all of their information listed. It is important credit unions go to findacreditunion.com and make sure their information is listed correctly. The Statewide Image Campaign landing website will use the findacreditunion.com information in its search engine. 

Participating credit unions will have access to the television commercial to link to their website as well as electronic art files for customizable vinyl banners, lobby signage, cash sleeves, and stickers as well as the ability to order shirts with the image campaign logo and, if desired, their credit union logo on the sleeve. A more detailed communication will be sent out to those credit unions at the end of this week.

If you would like to learn more about the campaign or view the television commercials, click here. Contact LSCU VP, Marketing and Communications Mike Bridges at 866.231.0545 ext. 1022 or Director, Information Services Amy Jowers at ext. 1020.  

  [ Return to Top ]

Iowa credit union CEO pitches MBLs to President Obama

University of Iowa Community CU President/CEO Jeff Disterhoft had just two minutes to speak directly to President Obama during an economic forum in Iowa. The forum was looking at job creation in the state when Disterhoft asked the president to support raising the credit union member business lending cap (MBL) from 12.25 percent to 25 percent of total assets. 

While the president didn't agree or disagree with Disterhoft, he did say he would go back to Washington and check into it. Disterhoft told a local Iowa paper that the Iowa Credit Union League asked him to speak with the president. Disterhoft said he "jumped at it right away." He also said that he asked the president to take a stand on it. The exchange was also covered in the Wall Street Journal

The Journal's article explained that the MBL bill was filed in March, is under review by House and Senate committee, and faces "fierce" opposition from banks. The story included statistics from CUNA that increasing the MBL cap would inject $13 billion in loans into the economy and create 140,000 new jobs at no cost to the American tax payer.  [ Return to Top ]

Mastercard lays out two-tiered system in credit union conference call

On a conference call with CUNA and credit unions on Aug. 17, Mastercard laid out its plans for a two-tiered system for financial institutions under $10 billion in assets. MasterCard Global Head of Public Policy Shawn Miles said the plan is for Mastercard to establish its own online debit interchange registration system for its member institutions to denote if they are above or below the $10 billion-asset threshold. The card processor is planning to include in the registry the ability for institutions above $10 billion in assets to certify that they qualify to receive an extra penny for complying with fraud prevention standards.

The Fed's final debit interchange rule caps debit interchange fees for issuers with assets of $10 billion or more at 21 cents. The Fed's rule allows an additional five basis points of the value of the transaction to cover fraud losses. An extra penny may be charged by financial institutions that are in compliance with Fed-established fraud prevention standards. Credit unions and other institutions with under $10 billion in assets are exempt from the rule.

CUNA News Now reports that CUNA and MasterCard will monitor merchants for any signs that they are steering consumers away from using debit cards issued by institutions that are not subject to the cap. CUNA is developing a mechanism for credit unions to report illegal merchant steering behavior.

Miles thanked credit unions and CUNA for their efforts to delay and change the debit interchange fee cap legislation and said that the final rule was significantly improved due to this work. He also said that MasterCard looks forward to working with CUNA on any future threats to interchange fees.

A similar call is being planned with Visa. [ Return to Top ]

Cut-off date for LSCU Hike the Hill hotel block extended through Aug. 23

Remember, this year's LSCU Hike the Hill to Washington, D.C. is scheduled for Sept. 19-21. The cut-off date for the discounted hotel block is August 23, 2011.

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 that meetings are scheduled for all attendees and 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 ]

CUNA Mutual Group strengthens capital

In the first half of 2011, CUNA Mutual Group (CMG) incurred more weather-related losses than in all of 2010. Spring tornadoes and storms caused losses in CMG's auto and home businesses, and droughts and flood conditions across the U.S. affected its crop insurance program.

Despite the losses, CMG had a solid performance from its lending and financial services products. CMG recorded $51 million of GAAP net income through June, compared to $63 million during the same period the year prior.  Additionally, GAAP operating revenue grew in the first half of the year by 2.3 percent. That totals a  statutory total adjusted capital growth to $1.45 billion through June, up $30 million from year-end 2010. 

“Weather-related losses are part of the unpredictable nature of the insurance business,” said Jerry Pavelich, chief financial officer, CMG. “Despite those losses, our other financial measures continue to head in the right direction and we continue to execute on initiatives that are within our control.” [ Return to Top ]

LEVERAGE partner to be honored with Herb Wegner award

One of LEVERAGE's key partners will be honored with the prestigious Herb Wegner award next year. Invest in America, founded by CU Solutions Group of Livonia, MI, will receive the award at the 2012 dinner as part of the CUNA GAC in Washington, D.C. in March. 

Invest in America was born out of the economic crisis in 2008. CU Solutions Group began working with GM and Chrysler on credit union discounts for the then struggling automakers. Credit union members receive a discount on a new auto purchase while many use the credit union for financing. To date, Invest in America has helped GM and Chrysler sell 400,000 vehicles and bring $6.4 billion of financing to credit unions. The program has expanded to include the Sprint credit union discounts, Allied Van Lines, FTD and Turbotax, among others. The discount programs are listed on the Invest in America website. 

Credit unions in Alabama and Florida are encouraged to offer Sprint member discounts or the Invest in America discounts to enhance their membership. For more information on the discounts, contact a LEVERAGE Business Development Consultant. [ Return to Top ]

NEW: Podcast with SECUF Executive Director Amber Tynan

In this audio podcast, Southeastern Credit Union Foundation (SECUF) Executive Director Amber Tynan discusses the purpose and vision for the Foundation, involvement in the tornado relief efforts in Alabama, current projects, and a long-term outlook at foundation initiatives.

The SECUF is a nonprofit organization dedicated to progressive professional development of credit union staff and volunteers, financial education programs for youth and adults, and creation of valuable resources for our member credit unions and the communities they serve.

To listen to the audio podcast, visit the LSCU Communications Audio Podcast page. [ Return to Top ]

LSCU presents Dora Maxwell Award to Alabama Telco CU

LSCU Legislative Affairs Director Jason Cochran presents the Dora Maxwell Social Responsibility Award to Alabama Telco Credit Union (ATCU) President/CEO, Linda Cencula. ATCU is recognized for having raised more than $285, 000 toward the March of Dimes "Blue Jeans for Babies" program.

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.


[ Return to Top ]

Governmental Affairs News
This week in Alabama politics: Closer look at new immigration law, new bingo trial moving forward

Alabama Legislative Update

Pay Attention to the New Immigration Law
By April 1, 2012, all businesses in Alabama will be required to use the E-Verify system when hiring new employees according to the recent immigration law passed during the 2011 Regular Session of the Legislature. This would not take the place of the federal I-9 form, but will be in addition to it and any other forms required to fill-out by new hires for employment. Also, if your business is notified that illegal immigrants are currently employed, it will be the business owner’s responsibility to terminate employment immediately.

While there are no actual penalties for not using E-Verify, even though the law requires it, there are penalties for businesses that “knowingly” employ illegal immigrants. After a warning and probationary period, the business could face permanent suspension of its business license for repeated violations.

New Bingo Trial Moving Forward
A decision will be made soon, as to when and how the new bingo trial against several current and former legislators and lobbyists will proceed. U.S. District Judge Myron Thompson has stated that he would like to see the trial begin in October of this year and prosecutors, for the most part, have agreed. The defense, however, has raised concerns regarding the jury possibly being inconvenienced due to Thanksgiving and Christmas holidays, and Thompson agrees.

In addition, the prosecution is seeking to have the trial separated into three separate trials. Several defendants had originally tried to have separate trials at the beginning, and this was fought by the prosecution. Due to the lack of one single conviction, it appears the prosecution is rethinking their plans. They now appear to believe the issue is too complex to be handled together.

If you have legislative questions, contact LSCU Director, Legislative Affairs Jason Cochran at 866.231.0545, ext. 2159. [ Return to Top ]

This week in Florida politics: New OFR Chief gives up lawsuit, Gov. Scott overruled by Supreme Court

LSCU Legislative Issues:

The LSCU Governmental Affairs (GA) team continues to work with members of the Legislature to ensure that issues important to the credit union industry are heard during the 2012 Legislative Session. With committee weeks less than four weeks away, it is important that chapters continue to work on planning Legislative Nights, consider in-district meetings with members, and be ready as grassroots advocates when called upon. The League continues to have a very aggressive Legislative Agenda, and plans to continue working at defining the credit union message and not allowing others to define it for us.

Florida Political News:

New OFR Chief Gives Up Lawsuit
Tom Grady, Florida’s new head of the Office of Financial Regulation, had just one problem before he could become commissioner. Grady had to remove himself from a lawsuit he pursued against the State Board of Administration, which manages Florida’s $119 billion pension fund. “He couldn’t be suing the state and take this job. I didn’t want that to happen,” Gov. Rick Scott said in an article in the St. Petersburg Times. Grady and another attorney claimed the board of administration owed them more than $1 million after they represented them against a New York based money-managing firm. Now that Grady has extricated himself from the lawsuit, he is set to begin his duties as head of OFR on Aug. 29, 2011. The LSCU is working with OFR to set up a meeting between the top regulator and League staff.

Gov. Scott Overruled by Florida Supreme Court
When Rick Scott became governor in January 2011, one of the first actions he took was to place a freeze on all state agency rules. Last week, the Florida Supreme Court, in a 5-2 decision, ruled that the Governor had overstepped his executive authority in doing so. The Court sided with a South Florida woman, Rosalie Whiley, who filed suit against Scott because his executive order postponed a rule that would have made it easier for her to receive food stamps. Scott had frozen all rules in an effort to target what he called “job killing” regulations, yet the Court ruled this was a violation of the separation of powers between the governor and the Legislature since lawmakers had delegated rulemaking powers to agency heads and not the governor. Lawyers for Scott said the ruling would have very little effect other than preventing the governor from reviewing all rules before they were enacted. Nothing in the ruling prevents the governor from expressing his opinion to agency heads ahead of time. The League’s GA team will continue to monitor any rules that may affect credit unions.

State’s Jobless Rate Fails to Improve
State officials announced on Friday that the state’s unemployment rate remained steady at 10.7 percent for the month of July. That’s unchanged from a revised number released for June. Florida’s unemployment rate remains significantly higher than the national rate of 9.1 percent. An estimated 987,000 Floridians are out of work. "Mixed signals from economic indicators during recovery are common,'' said Agency for Workforce Innovation Director Cynthia Lorenzo in an article on Lobbytools. "Fluctuations in rates of unemployment and job growth are typical examples of starts and stops while the economy rebounds, and unemployment workers who may have given up looking for work rejoin the workforce."

Sen. Bill Nelson to Speak in Palm Beach
U.S. Senator Bill Nelson (D-FL) will speak on Thursday before the Forum Club of the Palm Beaches where he is expected to talk about the debt limit debate, as well as the future of entitlement programs. The ticketed event starts at noon at the Palm Beach County Convention Center, 650 Okeechobee Blvd., West Palm Beach.

For questions on any legislative issues, contact LSCU Director, Legislative Affairs Jared Ross at 866.231.0545, ext.1012.
[ Return to Top ]

Compliance Corner
League InfoSight highlight: Member Notification Due Date – Regulation CC: Expedited Funds Availability

The current edition of the League InfoSight newsletter has an article about the Aug. 20 Member Notification due date for changes to Regulation CC: Expedited Funds Availability. 

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, commonly referred to as 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.

Members must be notified of the Funds Availability change within 30 days of a change in the member's favor.

For more information about the Member Notification, visit the Expedited Funds Availability: Regulation CC: Summary topic on the Accounts channel for additional details, including how your credit union may provide notification of the change in increased availability.

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 ]

Compliance calendar and training

Compliance Calendar

September 16

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
SECUF gives credit unions more options with Community Investment Fund

The Southeastern Credit Union Foundation (SECUF) is offering member credit unions access to Corporate One, MembersTrust, and NCB Bank through their partnerships with the National Credit Union Foundation (NCUF). “We wanted to make sure that we were giving our credit unions ample opportunities to participate in the Community Investment Fund (CIF) program,” said Amber R. Tynan, executive director, SECUF. “CIF is critical to the success of the NCUF, as well as the SECUF, due to its ability to provide funding to continue the successful programs of NCUF and the initiate the development of programming for the SECUF,” said Tynan.

Credit unions that are interested in exploring these CIF options may contact SECUF Excecutive Director, Amber R. Tynan at 866.231.0545, ext. 1154. [ Return to Top ]

Education News
Mark your calendar for Bank Secrecy Training classes

This workshop will train staff using completed forms of required BSA reports based on several common scenarios. Attendees will also hear about Bank Secrecy Act Program Oversight, Creation and Maintenance, Risk Assessment, Review of Currency Transaction Reports, Currency Transaction Report Exemptions, Filing Requirements, Technology and the Bank Secrecy Act plus much more.

This BSA Training class is appropriate for frontline staff, lenders, officials, managers, and compliance officers. The two and one half hour class incorporates a Currency Transaction Report workshop as well as a Suspicious Activity Report workshop in which completed forms are studied based on several common scenarios (focusing on narrative preparation).

October 13         
Tallahassee, FL
League of Southeastern Credit Unions Annex
3773 Commonwealth Blvd.
Tallahassee, FL 32303

October 18         
Muscle Shoals, AL
Listerhill Credit Union
4790 East Second Street
Muscle Shoals, AL 35661

October 26         
Tuscaloosa, AL
Tuscaloosa VA Credit Union
3701 Loop Road East
Tuscaloosa, AL 35404

The registration fee for BSA is $75 per person, per session.

For more information or to register, visit the LSCU Education Events Calendar. [ Return to Top ]

LSCU Regulatory Compliance Updates only a few weeks away

LSCU Regulatory Compliance Updates

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

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

Agenda:             
8:30 a.m. – 9 a.m.       Registration
9 a.m. – 4 p.m.             Regulatory Compliance Update
12 p.m. – 1 p.m.           Group Lunch

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 ]

Education Calendar

Upcoming Events:

Tuesday, August 23
New Rules for Credit Union Websites: What to Do Now, Soon & Later
3 – 4:30 p.m. EST – webinar

Wednesday, August 24
Mandatory Compliance Training Series: Bank Bribery Act & Privacy of Consumer Financial Information
3 - 4:30 p.m. EST - webinar

Tuesday, August 30
New Security Officer Training
3 - 4:30 p.m. EST - webinar

Click here to view complete calendar of events.

[ Return to Top ]

LEVERAGE News
JMFA releases new issue of The Floyd Report

The new issue of The Floyd Report includes the following valuable information:

  • Learn how a top-performing overdraft program can provide the revenue needed to maintain free checking and in turn, increase account holder base.
  • The latest information regarding how the Federal Reserve’s final decision on the interchange fee cap and routing regulations – the Durbin Amendment – will affect institutions, when it is implemented on Oct.. 1.
  • Two free webinars put on by CUNA Strategic Services and JMFA.

Click here to read the latest issue of The Floyd Report.

[ Return to Top ]

News from You
JetStream FCU participates in summer internship program for fourth consecutive year

Pictured L-R: VP of Human Resources Mio Serrano, Melissa Diaz, Michael Carballo, and Karina Torres.

Through the Miami-Dade County Public Schools Summer Internship Program, students from Barbara Goleman High School’s Academy of Finance were selected to intern at JetStream Federal’s headquarters in Miami Lakes.

The students Michael Carballo, Melissa Diaz, and Karina Torres worked in the various departments at the credit union, including Accounting, Human Resources, Training, Business Development, and Information Technology for a total of 150 hours each. These students will be majoring in business administration when they graduate high school in 2012. 

“The summer internship program is a great experience for those students who want a glimpse of what it is like to work in a real corporate environment prior to starting college” said Mio Serrano, vice president of human resources at JetStream FCU. “These talented students have a very bright future ahead of them.”

[ Return to Top ]

America’s First FCU recognized as 2011 Best Company to Work for in Alabama

From L to R: Alan Stabler, vice president, legal counsel; Phil Boozer, vice president, marketing; Vickie Yeager, executive vice president, chief administrative officer; Bill Connor, president and CEO; Nancy Shannon, vice president, human resources.

The Best Companies to Work for in Alabama awards program was created in 2010, and is a project of Business Alabama Magazine and Best Companies Group.

This statewide survey and awards program is designed to identify, recognize, and honor the best places of employment in Alabama, benefiting the state's economy, its workforce and businesses. The 2011 Best Companies to Work for in Alabama list is made up of 14 companies. America’s First has been named one of the Best Companies to Work for in Alabama. This is the second year that America’s First has received this award.

“I’m extremely proud that America’s First was named as a Best Company to Work For in Alabama for a second year in a row,” said AFFCU President/CEO Bill Connor. “We’ve made a commitment to be the employer of choice in our community, and awards such as this certainly elevate our visibility in that regard.”

To be considered for participation, companies had to fulfill the following eligibility requirements:

  • Have at least 15 employees working in Alabama;
  • Be a for-profit or not-for-profit business or government entity; 
  • Be a publicly or privately held business; 
  • Have a facility in the state of Alabama; and 
  • Must be in business a minimum of 1 year.

“We are a very employee-friendly group. There is a very driven concern for our co-workers and their well-being,” says Nancy Shannon, vice president of human resources.

Companies from across the state entered the two-part process to determine the Best Companies to Work for in Alabama. The first part consisted of evaluating each nominated company's workplace policies, practices, and demographics. This part of the process was worth approximately 25 percent of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75 percent of the total evaluation. The combined scores determined the top companies and the final ranking. Best Companies Group managed the overall registration and survey process in Alabama and also analyzed the data and used their expertise to determine the final rankings. [ 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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