LSCU eSignal Weekly
LSCU eNews Weekly December 12, 2011
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LSCU eNews Weekly
In This Issue
President's Point
League and LEVERAGE boards adopt 2012 budgets, strategic plans
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: School Choice legislation, immigration law to see changes
This week in Florida politics: Interim committee weeks over, Governor unveils 2012 budget
News from the Hill: Possible last week of session, legislative issues still linger
Project Zip Code 12.0 now available
Compliance Corner
League InfoSight highlight: Business Continuity Planning: Threat Analysis
Compliance calendar and training
Cooperative Initiatives News
NCUA announces resources for small, low-Income credit unions
2012 LSCU scholarships announced
Education News
LSCU/CUES Credit Union Executive Dialogue coming up Feb. 2-3, 2012
Save the dates! BSA & IRA training coming in 2012
Education Calendar
LEVERAGE News
Credit unions urged to adopt robust risk assessment process
Exclusive invitation to free CO-OP training workshop
Credit unions receive Sprint marketing incentive checks
News from You
MIDFLORIDA to acquire Tampa area branches, membership from Space Coast
Guardian CU gives back more than $750,000 to members this holiday season
EMPLOYMENT
View available credit union jobs
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President's Point

League and LEVERAGE boards adopt 2012 budgets, strategic plans

Last week the LSCU and LEVERAGE boards met in Birmingham to approve our 2012 strategic plans and budgets. Much of what you will see in our plans and budgets shows that we are being responsive to credit unions based on the results of our member survey as well as feedback from your elected policymakers based on our recent board planning retreat.

When we began strategizing for 2012 and beyond, the League employed scenario planning as a tool to ensure the League is well positioned to be able to respond effectively to external factors. For LEVERAGE we used a Blue Ocean planning methodology. We want to see where our opportunities are with the Service Corporation and work to go after them to the betterment of our Alabama and Florida credit unions, as well as outside our core markets. The idea behind Blue Ocean Strategy is to identify areas where we can be a dominate player in the marketplace.  Ventelligence and ComplyTrac are two examples of products were we think we have something unique to offer credit unions to help them be more efficient and effective.

As we put the 2012 League budget together, we continue to look for ways to control costs and eliminate duplicate expenses. Through consolidation, we have now saved more than $900,000 which is being plowed back into expanded product and service offerings to benefit our member credit unions. In 2012, the League has budgeted $100,000 for creative design for a new television ad for the Statewide Image Campaign. Additionally, the LEVERAGE budget expands our Small Asset Size Credit Union Voucher Program by increasing the voucher amount from $400 to $500 and increasing the threshold for participating credit unions to those with $50 million in assets and under. We will also be able to utilize the services of our new federal contract lobbyist John McKechnie in Washington, D.C. to increase the LSCU’s presence with our congressional delegations and NCUA. Our budget is lean and focused squarely on our credit unions’ needs. Total FTEs on the League side stays at 21, but we look to increase staffing at LEVERAGE to respond to new product opportunities, bringing total FTEs at the LSCU/LEVERAGE to 75 in 2012.

The 2012 League strategic plan continues to focus on our core areas: Governmental Affairs, Education, Communications and Member Relations. Credit unions will see a more targeted approach in each area. In Governmental Affairs, we will push harder for legislative “wins” at both the state and federal level, be more proactive in building relationships with our key lawmakers and provide superior compliance training and support as part of our value of affiliation. In Education, credit unions will see more rich content at our conferences and workshops through our collaboration with CUES and more timely educational opportunities like Asset Liability and Bankruptcy and Collections workshops.

In Communications, we will work with Governmental Affairs to have a greater social media presence as a grassroots advocacy tool. Bank Transfer Day showed us that social activism can light a powerful spark, if done properly. We will continue to be innovative in our multimedia and provide credit unions with more audio and video, as well as an award winning website. In Member Relations, we will continue to visit our credit unions and work with them on their needs. We’ve made 700 face-to-face visits this year which is 150 more than 2010. We expect even more in 2012. Plus, we want to work harder to reinforce the credit union cooperative spirit.

For LEVERAGE, we will apply our Blue Ocean strategy and look for greater penetration of products and services in Alabama and Florida. The more our member credit unions use a LEVERAGE product or service, the more the League will be able to provide for the credit unions. They go hand-in-hand. LEVERAGE will identify new market opportunities and work to expand into those markets outside the borders of Alabama and Florida. Many of these are in the works already. We will work to identify the need for new products and services and provide those at a competitive cost to credit unions. LEVERAGE has a thorough due diligence process so credit unions can always trust that our products are best in class with a proven track record of success.

A couple of new things the board approved last week. We will start giving lawmaker of the year awards on the state and federal level. At next month’s State Governmental Affairs Conference in Tallahassee, we will honor Rep. Will Weatherford (R-Wesley Chapel). Rep. Weatherford is the Speaker Designate and a strong credit union advocate. He helped to identify a House member to sponsor the Public Deposits legislation for 2012. On the federal side, we will honor Sens. Bill Nelson (D-FL) and Jeff Sessions (R-AL) at one of our receptions at the CUNA GAC. Both senators voted to delay the interchange implementation and Sen. Nelson is standing with us on Member Business Lending. These new awards, approved by the LSCU board of directors, will be given out every year.

I hope you’ve been able to tell over the past two years that the LSCU is transparent and the strategic direction we take is available for all of our credit unions to see. We value your input and we try to implement your ideas any way we can. Visit our LSCU Information for Credit Unions web page to see highlights of our strategic plan and budget for 2012 and the results from the 2011 Members Survey.  With your continued affiliation and active involvement, we look forward to a productive 2012.

I welcome your thoughts and feedback.

  [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

Senate Republicans block nominee for consumer agency
Senate Republicans on Dec. 8 blocked an effort to put someone in charge at the Consumer Financial Protection Bureau, the agency designed to protect consumers from abuses that led to the recent financial collapse. To read more, click here.

2012 LSCU State GAC in Florida approaching quickly
Be sure your credit union takes part in the upcoming LSCU State Governmental Affairs Conference at Hotel Duval in Tallahassee, FL. Register for your spot now to gain face-to-face access to legislators. Click here for more information or to register. The hotel cut-off date is Dec. 30.

Bankers bill gets slight rewrite
Sen. Kay Hutchison (R-TX) introduced S. 1941 last week, which is an updated version of her previous bill to amend the security laws for community bank shareholders. Sen. Hutchison is trying to get her bill attached to legislation for this year. This is a rewrite of the bill that CUNA President/CEO Bill Cheney told Congress that if they passed it, they should also pass the bill that raised the cap for credit union member business lending.    

Alabama CUSC announces second straight dividend
The shared branching network in Alabama announced on Dec. 9 that it will pay a dividend in 2011. The second straight year for a dividend. The CUSC board also approved a Patronage Rebate Program. The Patronage Rebate Program will be for 40 percent of 2011 net income before taxes based on the credit unions percentage of 2011 transactions. You can read more by clicking here. 

CUNA Regulatory Advocacy Report - Week of Dec. 12
The most recent installment of the CUNA Regulatory Advocacy Report includes news about the next NCUA Baord meeting, CUNA's considering options regarding retailers' suit opposing the Fed's interchange rule, NCUA issuing semi-annual report to Congress, and more. Click here to read the complete report. [ Return to Top ]

Governmental Affairs News
This week in Alabama politics: School Choice legislation, immigration law to see changes

Republicans Will Seek School Choice Legislation
School choice, a measure that, in the past, has predominately been blocked by state teacher organizations will be on the agenda for Montgomery Republicans as they begin the 2012 Legislative Session in February.  School choice, including charter schools, would allow parents to move their children from one school district to another and was once a method to address desegregation in a state’s public school system.  Republican leadership views school choice as a way for parents, without the means to send their children to a private school, to select a better education alternative than what they have currently. 

This measure, whether it be school choice, charter schools, or a voucher system is another priority for the GOP in what is lining up to be another contentious legislative session in Montgomery.

Immigration Law to See Changes
As reported earlier in eSignal, changes to Alabama’s recently adopted immigration law are expected and the state’s politicians are now publicly confirming.  Gov. Robert Bentley is working with legislative leadership to propose “revisions” during the upcoming session.  Attorney General Luther Strange has already suggested a package of changes which would include the repeal of three sections and the rewriting of others.

One of the laws largest supporters and sponsor of the legislation, Sen. Scott Beason (R-Gardendale) has taken a strong stance that any change that would weaken the law would be opposed.  However, he says that if proposed changes are mainly administrative for clarification purposes, they would be supported.

Bentley May Ask for a Transfer of Funds
Every year, as the legislative session grows closer, the constant message has been how Alabama does not have the funds needed to balance the state’s two operating budgets. The General Fund is projected to have a shortfall of at least $400 million and Gov. Bentley may tap the Education Trust Fund to fill in those gaps. In what will be viewed by many as a slight to children, Bentley plans to ask legislators to consider the idea in 2012. It will certainly be an uphill battle that is already receiving backlash from some in the legislature, but the alternatives would be raising revenue or a 23-percent cut to the General Fund Budget.

For questions regarding legislative affairs issues in Alabama, contact LSCU Director, Legislative Affairs Jason Cochran at 866.231.0545, ext. 2159. [ Return to Top ]

This week in Florida politics: Interim committee weeks over, Governor unveils 2012 budget

Florida Politics Week in Review:

LSCU Legislative Issues:

The Legislature has completed all the interim committee weeks leading up to the 2012 Legislative Session. The next time they return to Tallahassee will be for the start of the session. The League’s top legislative priority, obtaining the ability of credit unions to serve as public depositories has a bill filed in both chambers. The House version, HB 669 by Rep. Jason Brodeur (R-Sanford) was referred last week to two committees, the Insurance and Banking subcommittee and the Economic Affairs Committee. The Senate version of the bill, SB 936 by Sen. Chris Smith (D-Ft. Lauderdale), is expected to be referred to its committees soon. All indications are the House bill will be heard early in the 2012 Legislative Session and the Senate bill will follow shortly after. The 60-day 2012 Legislative Session begins on Jan. 10 and is scheduled to run through March 9. Please mark your calendars for January 24-25, 2012 and plan to attend the Florida State Government Affairs Conference in Tallahassee. Click here for more Florida GAC information.

Florida Political News:

Governor Unveils 2012-13 Budget Proposal
Gov. Rick Scott released his budget proposal for the 2012-13 fiscal year last week. The $66.4 billion proposal represents about $2.9 billion less than last year, eliminating nearly 4,500 positions in state government and boosting K-12 education spending by $1 billion. The largest cuts would come from savings of $1.8 billion by flattening Medicaid reimbursements for hospitals.

As legislators sifted through the budget's details, objections arose to the hit that hospitals will take if Scott's plan to create a new system of reimbursement rates, which would group hospitals according to certain categories and pay them identical rates, is adopted. For instance, an analysis by the Safety Net Hospital Association of Florida showed that Jackson Memorial Hospital in Miami would take a $133.5 million hit and Shands Gainesville and Jacksonville would face a combined $65.4 million cut. Of particular concern to credit unions, trust fund sweeps would have state banking and insurance regulators doing more with less if lawmakers agree to pull $57 million. More than half of the hit would come from the insurance regulatory trust fund. However, it must be highlighted that this is just a starting point for the budget, and the legislature must still debate the budget during the legislative session.

To read the complete Florida Politics Week in Review including a look at LSCU grassroots activity and PAC fundraising, click here.

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

News from the Hill: Possible last week of session, legislative issues still linger

News from the Hill Update

When the chambers complete their business for the week (whenever that is), they are not expected to convene until January 2012.  But, before adjournment, Congress has about a year’s worth of work to complete. The League’s Governmental Affairs staff will be in Washington on Thursday and Friday for a final round of meetings with their Congressional delegations before the end of the year. They will continue to press the need to pass credit union legislative priorities, especially member business lending. The LSCU will be meeting with members and staff from Alabama and Florida.

In terms of must-do, a funding resolution tops the list of priorities this week.  Whether it is by virtue of an omnibus appropriations bill, a continuing resolution, or a combination of the two, it is almost impossible to envision a scenario where Congress leaves town without enacting some sort of funding mechanism to carry the government into the new year. At this point, talk continues to center on some sort of omnibus appropriations bill; however, as the week drags on, it would not be surprising to see movement toward a smaller appropriations package and a continuing resolution. If an agreement is not reached by Friday, a continuing resolution becomes more likely. Other priorities for Congress prior to sine die adjournment include extension of the payroll tax cuts and federal jobless benefits, passage of the Defense Authorization Act, and resolution of the “doc fix.”

To read the complete News from the Hill Update including the floor, and committee schedule, click here.

For questions regarding this News from the Hill update, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545, ext. 2137. [ Return to Top ]

Project Zip Code 12.0 now available

Project Zip Code (PZC) is a powerful tool for credit unions to match their membership with their state and federal lawmakers. It helps with local and national grassroots advocacy showing exactly how many credit union members are in each district. Lawmakers respond better to credit union issues when they understand how many credit union members in their district will be affected by legislation. It's also a great way for credit unions to capture a look at their membership and utilize it for marketing.

PZC is a secure program that matches credit union members by legislative district and county based upon their zip code. Over 78 million credit union members have already been identified through Project Zip Code. It's important we continue the success of PZC by updating your numbers regularly.

To read more and download the program, click here. For questions, contact LSCU Grassroots and Political Action Coordinators Blake Westbrook (AL) at 866.231.0545 ext. 2164 or Andy Gonzalez (FL) at ext. 1010.
[ Return to Top ]

Compliance Corner
League InfoSight highlight: Business Continuity Planning: Threat Analysis

The current edition of the League InfoSight newsletter covers the importance of credit union management developing a business continuity plan. 

In September, the FBI released its Bank Robbery Statistics for the second quarter of 2011. During the second quarter of 2011, there were 1,007 robberies, 15 burglaries, one larceny, and two extortions of financial institutions reported between April 1, 2011, and June 30, 2011. (The statistics were recorded as of August 2, 2011. Because not all bank crimes are reported to the FBI, the report is not a complete statistical compilation of all bank crimes that occurred in the U.S.)

While your credit union may never be faced with such threats, credit union management should develop a comprehensive business continuity plan as part of its business continuity planning process. The goals of this plan should be to minimize financial losses to the credit union, serve members with minimal disruptions, and mitigate the negative effects of disruptions on business operations.

To read more, visit the latest edition of 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.

  [ Return to Top ]

Compliance calendar and training

December 2011

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

      *Note: To view InfoSight content, it is required to log in to www.lscu.coop for access.

      [ Return to Top ]

      Cooperative Initiatives News
      NCUA announces resources for small, low-Income credit unions

      NCUA Chairman Debbie Matz recently spoke about the agency's new resource for small- and low-income credit unions.

      “NCUA is committed to making sure small credit unions are fully informed of all the resources available to help them succeed, Matz said. "This video is the first in a series designed to accomplish that goal. This introductory video provides an excellent orientation for small credit unions to become better acquainted with how OSCUI’s services can help them grow and thrive.”

      This informational half-hour video provides an overview of OSCUI’s role within NCUA, and highlights four programs for small credit unions:

      Direct Assistance (one-on-one consulting)

      • Training (classroom and online)
      • Financial Assistance (grants and loans), and  
      • Partnerships with government, non-profit and private organizations.

      The video includes program descriptions, testimonials, and practical tips to access OSCUI’s services. Small credit union officials and NCUA staff talk about their experiences with OSCUI. 

      “OSCUI is planning a series of future training/informational videos to underscore NCUA’s commitment to the success of small, low-income and newly chartered credit unions,” added OSCUI Director Bill Myers.

      The first free video is available online here, and in DVD format by emailing a request here. [ Return to Top ]

      2012 LSCU scholarships announced

      Through the Southeastern Credit Union Foundation (SECUF), credit unions in Alabama and Florida can apply for scholarships to attend educational events. The scholarships will be rewarded to those individuals who best exemplify the credit union philosophy, and whose attendance at approved programs would be beneficial in the advancement of credit union goals and ideas on an as-needed basis.

      The League and SECUF announces their available 2012 Educational Scholarships:

      • CUNA GAC (4 available)
      • LSCU State GAC (10 available - 5 per state)
      • LSCU AC&E (10 available)
      • Hike the Hill (4 available)
      • LSCU Development Conference (4 available)
      • LSCU Supervisory Committee Conference (5 available)
      • CUNA Educational Events (5 available)
      • CUES Educational Events (5 available - 1 per conference)
      • Conferences include: CUES Director Development Seminar, CEO/Executive Team Network, CUES Symposium, Director’s Conference, CUES School of Applied Strategic Management.
      • High School Scholarship Program (20 @ $1,500 each – 1 per chapter)
      • College Internship Program (10 available)

      If you or anyone on your staff if interested in applying for one of these available scholarships, please either apply online or complete and submit the application form. Scholarship resources:

      Scholarship Application Guidelines
      Scholarship Application (Online Submission)
      Scholarship Application (PDF)

      You can either fax or email the document back to the Foundation. If you have any questions, contact SECUF Executive Director Amber R. Tynan at 866.231.0545, ext. 1154. [ Return to Top ]

      Education News
      LSCU/CUES Credit Union Executive Dialogue coming up Feb. 2-3, 2012

      The first LSCU/CUES joint event will bring credit unions together with more than $500 million in assets to have a frank discussion about the state of the credit union industry. While every credit union, regardless of size, plays a critical role in the long-term success of the movement, large credit unions have the economies of scale, means of collaboration, and political clout to help set the direction for future industry success.

      The agenda features time for discussion and scenario planning. Here's a snapshot look at the agenda:

      • State of the Movement, Bill Handel, VP/Product Development, Raddon Financial Group
      • Open Forum, Facilitated by Bill Handel
      • Executive Panel Discussion
      • Peripheral Vision and Scenario Planning, Jim Austin and Janet Castricum, principals, Decision Strategies International
      • Scenario Planning Exercise/Facilitated Discussion with Jim Austin and Janet Castricum
      • Facilitated Discussion: Next Steps with Jim Austin and Janet Castricum

      The Dialogue is geared toward CEOs and executive management. Credit unions from around the country are invited, along with those credit union in Alabama and Florida. For more information or to register, click here. For questions, contact LSCU Association Services Support Specialist Becki Payne at 866.231.0545 ext. 2129.

        [ Return to Top ]

      Save the dates! BSA & IRA training coming in 2012

      Save the date for the Bank Secrecy Act training that works best for you! Multiple dates (listed below) are scheduled in both Alabama and Florida to provide several options for attending this 2.5 hour training, either in the morning or afternoon on each date.

      • February 22      Jacksonville, FL
      • April 11              Mobile, AL
      • May 9                 Birmingham, AL
      • July 25               Tuscaloosa, AL
      • October 16        Tampa, FL
      • October 18        Muscle Shoals, AL

      The speaker for all BSA trainings will be LSCU VP, Regulatory Affairs Bill Berg. Cost per person is $65 and each participant will receive a certification letter upon completion. Registration is available online. Visit the LSCU Events Calendar for more information.

      Also scheduled is IRA Essential & Advanced training for 2012. IRA Essentials training is held on day one; IRA Advanced, on day two. Dates are:

      • March 13 – 14      Birmingham, AL
      • October 17 – 18   Miami, FL

      Paul Kern, IRA training consultant for Ascensus, Inc. will be the speaker for these trainings. Cost is $199/person/day or $349/person for both days. Registration is available online. Visit the LSCU Events Calendar for more information. [ Return to Top ]

      Education Calendar

      Upcoming Events:

      Tuesday, Dec. 13
      Protecting Your Credit Union When a Member Files Bankruptcy: Advanced Issues
      3 to 4:30 p.m. EST - Webinar

      Wednesday, Dec. 14
      The New Business Account Interview: Meeting Regulator & Credit Union Requirements
      3 to 4:30 p.m. EST - Webinar

      Thursday, Dec. 15
      10 Critical Deposit Compliance Issues in 2011: Year-End Update

      3 to 4 p.m. EST - Webinar

      Tuesday, December 20
      Paper Checks, Remote Capture, ACH & Electronic Transfers: Who is Liable?
      3:00pm – 4:30pm EST – webinar

      To view the 2012 LSCU Education Calendar of Events, click here.

      [ Return to Top ]

      LEVERAGE News
      Credit unions urged to adopt robust risk assessment process

      CUNA Mutual Group Senior Risk Management Consultant
      Ann Davidson.

      Boards of directors have the responsibility to ensure their credit unions implement a formal risk assessment process to identify, measure and control risks that threaten their institution’s net worth and earnings, a CUNA Mutual Group risk consultant said Wednesday.

      Speaking to a CUES Directors Conference breakout session audience, Ann Davidson, senior risk management consultant, said the ultimate goal in performing a risk assessment is to reduce internal and external risks to a tolerable level.

      Any product, service or process may expose a credit union to multiple risks. Internal risks include employee theft and employment practices liability resulting from discrimination, harassment or a hostile working environment. External risks range from physical threats, such as robbery and natural disasters, to ACH fraud, data breaches and identity theft.

      Risk assessments should answer these questions: What can go wrong? How can it go wrong? What is the potential impact? What preventative measures can be taken? And how can it be stopped from happening again or at all? “It’s the board’s responsibility to determine their credit union’s risk tolerance and formally establish it through approved policies,” Davidson said.

      To read the complete CUNA Mutual release, click here.

      [ Return to Top ]

      Exclusive invitation to free CO-OP training workshop

      You’re invited to a free training workshop. This interactive workshop is designed to be a fun, hands-on experience for you and your staff. Participants will have the opportunity to communicate with CO-OP representatives, share best practices, and understand the working knowledge CO-OP experts have in report research, charge-back adjustments, and much more.

      Breakfast and lunch are included during this one-day workshop. The reservation deadline is Feb. 29, 2012, and is limited to 35 participants. It is recommended having two or three representatives from your credit union attend, but accommodations will be made individually based on what your specific staff attendance needs are.

      Date: Wednesday March 14, 2012
      Time: 8:30 a.m. to 4:30 p.m.
      Location: Vulcan Park & Museum
                        1701 Valley View Drive
                         Birmingham, AL 35209

      For more information contact LEVERAGE Director, Transactional Services Janice Jordan at 866.231.0545, ext. 2176. [ Return to Top ]

      Credit unions receive Sprint marketing incentive checks

      Credit unions in Alabama and Florida received their Sprint marketing incentive checks from LEVERAGE last week. The LEVERAGE staff, along with Invest in America National Business Consultant Leslie Norush, traveled around both states visiting credit unions and presenting Sprint marketing incentive checks. Seventy-five credit unions in all received a check. 

      For credit unions, the Sprint Member Discount Plan offers a way to generate income by marketing the Sprint discounts, 10 percent off monthly cell phone charges, to their memberships. Last week LEVERAGE made nine check presentations. To find out more about how your credit union can benefit from the Sprint marketing program, contact a LEVERAGE Business Development Consultant

      (r to l) Invest in America's Norush, Redstone FCU Director of HR Jan Bias, Redstone FCU President/CEO Joe Newberry and LEVERAGE Business Development Consultant Mike Baswell

      (l to r) LEVERAGE Business Development Consultant Steve Pullara, Grow Financial FCU Marketing Coordinator Bryan Calloway, Invest in America's Norush, Grow Financial FCU SVP of Marketing Wes Strickland and Grow Financial FCU AVP of Marketing Allen Milliron. 

      [ Return to Top ]

      News from You
      MIDFLORIDA to acquire Tampa area branches, membership from Space Coast

      MIDFLORIDA Credit Union has an agreement to assume the Tampa Bay area branches, assets and membership of Space Coast Credit Union subject to regulatory approval and a positive membership vote. This represents only a small portion of the Space Coast branch network and is viewed as a spin-off rather than a merger.
       
      “This action is the result of our evaluation of SCCU’s ability to serve these members as they deserve. The options were to invest heavily in an expansion of the existing branch network, or to seek a partner who would make a long-term commitment to developing this area,” said Space Coast CU President/CEO Doug Samuels.

      The spin-off would transfer three Pinellas and three Hillsborough facilities along with their assets, loans, and ATMs in the area, as well as any Space Coast members, in good standing, who live in Hillsborough, Pasco, Pinellas, Polk and Manatee to MIDFLORIDA following an affirmative membership vote. In addition, MIDFLORIDA plans to retain all existing staff at these locations at the time of the transition.
       
      “The integration of the Space Coast Credit Union membership is a perfect fit for MIDFLORIDA.  The addition of these locations to our network will allow us to fill in the service area in the Tampa market and offer better service and convenience to the combined memberships,” said MIDFLORIDA President/CEO Kevin Jones.

      The acquisition would bring MIDFLORIDA’s Pinellas/Hillsborough/Pasco membership to approximately 35,000 members and boost the area’s branch network to 14 branches.  

        [ Return to Top ]

      Guardian CU gives back more than $750,000 to members this holiday season

      Approximately 23,000 members received money back the first week of December, with one individual alone receiving $3,100.

      As a credit union owned by its members, Guardian wants to “give back” to those members who helped them to have such a prosperous year, and to continue to help improve the members’ financial well-being, not only this holiday season, but all year through.

      This “give back” should also have a significant effect on the community and local businesses, as thousands of people now have more than $100 extra to spend in the River Region this Christmas.

      For more information on Guardian Credit Union, you can visit their website by clicking here or calling 334-244-9999. [ 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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