LSCU eSignal Weekly
LSCU eNews Weekly March 5, 2012
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LSCU eNews Weekly
In This Issue
President's Point
Corporate One emerging as largest corporate federal credit union
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: Public deposits update, budgets filed
This week in Florida politics: Close to final budget, update on redistricting
News from the Hill: Important committee meetings on deck
Rep. Jo Bonner meets with Mobile area credit unions
New DEO program geared toward increasing capital for small businesses
Compliance Corner
League InfoSight highlight: Security Channel Updated
CUNA Regulatory Advocacy Report - Week of March 5, 2012
Compliance calendar and training
Communications News
LSCU Awards showcase the best in credit unions
Education News
Register for LSCU Council meeting on April 3 in Montgomery
LSCU AC&E offers 19 educational opportunities
Southeast Regional CUNA Management School set for June
LSCU holds first BSA training of 2012
Education Calendar
LEVERAGE News
CMG, NCUA collaborate on fraud mitigation education
Let LEVERAGE help you save $15 off your next Office Depot purchase
News from You
Flag CU celebrates Leap Year with contest
Alabama Teachers Credit Union pays for good grades
Insight CU supports local veterans
EMPLOYMENT
View available credit union jobs
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President's Point

Corporate One emerging as largest corporate federal credit union

A couple weeks ago, the NCUA approved the merger between Southeast Corporate Federal Credit Union and Corporate One Federal Credit Union. The merger will make Corporate One the largest corporate credit union in the country serving 1,150 members with $4.3 billion in assets. The deal requires Southeast Corporate to raise $12 million in capital from its members.  Corporate One is in the process of holding town hall meetings to discuss the capital call with credit unions. If you have not yet attended one of these sessions, I would urge you to do so.

The Columbus Business Journal recently featured Corporate One with a front page article. Southeast Corporate’s membership as well as any credit unions considering Corporate One as an option would be interested in the story. Corporate One CEO Lee Butke says the merger proves that his federal credit union was able to survive the economic downturn and was one of the few that came out in a better position.  Corporate One has an 8.93 percent capital ratio which is more than double the four percent that is generally required of corporate federal credit unions. Southeast Corporate’s members are in good hands. Corporate America is another corporate that has weathered the corporate crisis, significantly increasing its assets and market share now serving over 500 credit unions in 39 states. Early in 2011 Corporate America announced its intent to merge with the Louisiana Corporate, which is believed to be still pending.

Butke told the Journal that Corporate One will keep the Jacksonville and Tallahassee offices, but there will be some cutback of staff with this type of merger.  This merger allows Corporate One to have an expanded territory while also allowing southeast credit unions to continue to have familiar faces call on them. Plus, Butke says Corporate One is now in a better negotiating position for services. He says that Corporate One negotiates services based on volume and his vendors don’t see 300-400 small credit unions using the service but one large corporate credit union.

It’s been tough for us to see Southeast Corporate go through this merger. They have been a trusted partner with the LSCU. Southeast CEO Brad Miller has done a great job over the last two years under very difficult circumstances. Southeast has shown a profit the past two years while also improving its capital ratio. I have enjoyed the short time I have known Corporate One CEO Lee Butke and feel confident they will be a strong partner of the LSCU and LEVERAGE. Corporate One has jumped right in and is a major sponsor of League events this year and Lee personally has attended some of those events including the Development Conference last fall in Point Clear and the LSCU/CUES Executive Dialogue last month in Bonita Springs.

For some credit unions this process has been difficult. In a previous President’s Point, I asked our member credit unions to give Corporate One an opportunity to show what it offers. I think after the merger has played out, we can see that many of our member credit unions will be in a stronger position with their corporate choice. Over the past four years there has been very little good news come from the corporate credit union situation, but we can definitely say that this merger is one of the lone bright spots.
   
I welcome your thoughts and feedback.

  [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

Tornadoes hit Alabama, no credit unions sustain damage
Alabama was once again in the path of tornadoes on Friday. There were seven tornadoes that struck 10 counties. While many communities and neighborhoods sustained damage, no credit unions were damaged or experienced any outages. If you, or anyone you know that is credit union staff that had damage to their homes, contact Southeastern Credit Union Foundation Interim Director Laura Vann at 866.231.0545 ext. 1154.

Supplemental Capital Action Alert 
The League and CUNA continue to ask credit unions to get in touch with their lawmakers to urge them to co-sponsor HR 3993, the Capital Access for Small Business and Job Act. This legislation will allow credit unions to access supplemental capital. It will certainly be a hot topic at the CUNA GAC in two weeks. Visit the CUNA Grassroots Action Center to contact your lawmaker.

NCUA webinar with Cordray now available
The NCUA held a webinar on Feb. 8 with Consumer Financial Protection Bureau Director Richard Cordray. The archived webinar is now available on the NCUA's website. Credit unions were given a good understanding of what the CFPB is working toward, plus NCUA Chairman Debbie Matz and senior NCUA officials provided an update on the corporate credit union stabilization activities. 

Banks implementing fees, again
The major U.S. banks are once again looking at fee income. Bank of America was featured by a number of national media outlets as looking to implement between a $6 and $25 fee for a checking account. The fee can be lifted if the customer utilizes online banking, maintaining an account limit, using a credit card or having a mortgage with B of A. You can read more in the LSCU Press Room under national stories. 

LSCU Cooperative Image Campaign fundraising continues
The League is set to run the second installment of the LSCU Cooperative Image Campaign this spring. Fundraising is continuing. Participation is high once again with 22 new credit unions contributing in 2012 that didn't in 2011. The ads need to hit the air before the presidential ads begin to flood Alabama and Florida.  A second TV commercial is being shot in the next few weeks to give markets two ads to run, along with radio, billboards, online and the website www.betternameforbanking.com. You can see a presentation on the 2011 results, along with the 2011 media buys at the Image Campaign website. If you have questions, contact LSCU VP, Marketing and Communications Mike Bridges at 866.231.0545 ext. 1022. [ Return to Top ]

Governmental Affairs News
This week in Alabama politics: Public deposits update, budgets filed

Public Deposits
The LSCU Governmental Affairs (GA) team continues to push SB 299 by Sen. Bill Holtzclaw (R-Madison) and HB 315 by Rep. Mike Ball (R-Huntsville), legislation allowing credit unions to become qualified public depositories. As of last week, it looks like there will be a hearing on both bills the week following the annual LSCU State GAC in Montgomery, AL. Grassroots support on this important legislation has never been more important and the League needs all of you to continue making calls to your legislators. The State GAC will also give you a unique opportunity to meet and discuss public deposits with committee members the week prior to the hearing.

Additionally, the GA team is still looking for support from the people who will benefit most from these bills, public officials. If you or anyone at your credit union knows of any public officials that would be willing to speak to legislators on the issue of public deposits, please let the GA team know.

HB 213, Used Motor Vehicle Dealer Registration
HB 213 by Rep. Dexter Grimsley (D-Newville) adding credit union language to the code exempting financial institutions from obtaining a used motor vehicle dealer registration was on the House Special Order Calendar Thursday, but unfortunately did not receive a vote. The House spent most of its time dealing with other legislation at the top of that calendar. HB 213 is non-controversial so the League expects for it to be placed on the calendar again and voted out of the House fairly easily.

Budgets
Both the Education Trust Fund (ETF) and General Fund Budget have been filed for the 2012 Regular Session. The ETF should not cause much of a problem, and pass as soon as it begins to move. The General Fund is another story. Latest rumors have the legislature not passing a General Fund Budget during the regular session and coming back around in September 2012 for a special session to address the ailing General Fund. The reasoning behind this is two-fold.  First, revenue projections could be better by September and therefore give the legislature a little more money to work with. Second, regardless of these projections, cuts will be made and passing the General Fund so close to the end of the fiscal year allows less time for agencies and the public they serve to be upset over those cuts.

Don't forget to follow the GA team updates on Twitter throughout the session by clicking here.

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: Close to final budget, update on redistricting

Florida Politics Week in Review:

Late Monday, word broke that Senate President Mike Haridopolos (R-Merritt Island) and House Speaker Dean Cannon (R-Winter Park) had agreed upon budget allocations and the conference process would begin. Quickly, the House and Senate were able to conclude several budget issues, however, as of Monday, several key items in the budget have not yet been agreed upon and these issues have been “bumped” to the overall budget chairs, Sen. JD Alexander (R-Lake Wales) and Rep. Denise Grimsley (R-Sebring). It is likely these issues will be agreed upon on Monday and the final budget will be on the desks of lawmakers sometime Tuesday morning. Once the final budget is written and on the desks of the legislature, they are constitutionally required to take 72 hours before they can vote. The vote is expected to take place on the last day of session, Friday, March 9.

Also last week, a bill designed to reduce the backlog of foreclosure cases in Florida courts passed through the House with a bipartisan 94-to-17 vote. HB 213 by Rep. Kathleen Passidomo (R-Naples) would allow lenders to inspect properties and declare them abandoned after three visits, thus allowing a foreclosure to move forward more quickly. One provision of the bill would shorten the length of time a financial institution has to file a deficiency judgment in a foreclosure proceeding from five years to one year. While this is a significantly shorter period of time, the sponsors of the bill feel it is a balance of fairness to the lender and the homeowner. The Senate bill has not passed yet, though it is expected to be voted on this week. The bill will need to be amended and passed identically through both chambers before being sent to the governor. The League continues to work with the sponsors of the bill to ensure it is as fair to financial institutions as possible.

The Supreme Court of Florida heard oral arguments on the House and Senate redistricting maps in an effort to determine whether the maps comply with all constitutional requirements, including new amendments passed in 2010, known as the Fair Districts Amendments. The amendments prohibit lawmakers from intentionally favoring or disfavoring incumbents and political parties. They also protect minority voting rights. Districts must be compact and lines should follow existing geographic and political boundaries whenever feasible. Challengers to the maps contend lawmakers violated all or most of those provisions but do point out the House made a better attempt to comply than did the Senate. The Supreme Court has until March 11 to render a decision on the maps and many suspects at least the Senate map will be kicked back to the legislature.

Overall, this has been a very contentious session, as is expected in an election year. Very few bills have passed through the legislature, at last count 27, and very few more are expected to make it to the governor’s desk. The League’s Governmental Affairs (GA) team spent much of the session meeting with legislative leaders in order to ensure that interest in the public deposits issue did not die, and they continued to educate lawmakers on the credit union difference. It is incumbent upon everyone to keep the efforts going through the legislative “off-season” and continue to ramp up grassroots work.

To read the complete Florida Politics Week in Review including important information on grassroots advocacy, and PAC fundraising, click here.

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

News from the Hill: Important committee meetings on deck

On Tuesday and the balance of the week, the House will consider H.R. 2842 - Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs Act of 2011 and H.R. 3606 - Jumpstart Our Business Start-ups. The League is talking to Congressional offices about this bill as a way to move credit union member business lending forward along with the other provisions of the bill. While it is still unclear if this will be successful, we continue to look for every opportunity to move MBL forward. On a related note, tomorrow you will be receiving an action alert asking you to contact member of the U.S. Senate about including credit union member business lending as part of the comprehensive job creation package they will be putting together this week. Please ask your staff, board members, and members of your credit union to contact the Senate on this issue. This legislation is a very good vehicle with which to move business lending, and the Senate needs to hear from credit unions.

The House will not be in session next week, but the Senate is scheduled to meet.

Committee Schedule
The League is following several hearings on both sides of the Capitol, including the following:

On Tuesday, the Senate Banking Committee will hold a hearing on “Spurring Job Growth Through Capital Formation: While Protecting Investors.” This is the second in a series of hearings on this subject.  William Waddill, senior vice president and CFO of OncoMed Pharmaceuticals Inc.; Jay Ritter, professor of finance at the University of Florida; Kathleen Shelton Smith, principal of Renaissance Capital; Lynn Turner, former chief accountant for the Securities and Exchange Commission managing director of LitiNomics; and Tim Rowe, founder and CEO of the Cambridge Innovation Center, are expected to testify. CUNA will be submitting a statement for the record of this hearing.

Also on Tuesday, the House Financial Services Committee will mark up its budget views and estimates document for fiscal year 2013.

On Wednesday, the Senate Judiciary Committee will hold a hearing on “Examining Lending Discrimination Practices and Foreclosure Abuse.” Assistant Attorney General Thomas Perez of the Civil Rights Division is expected to testify.

Also on Wednesday, the Senate Homeland Security and Government Affairs Committee will hold a hearing on the President’s government reorganization plan.

If you have questions regarding the News from the Hill Update, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545 ext. 2137. [ Return to Top ]

Rep. Jo Bonner meets with Mobile area credit unions

Shoreline CU CEO Stacie Reeves looks on as Rep. Jo Bonner speaks to credit unions

Rep. Jo Bonner (R-AL) met with a group of Mobile area credit unions last week. During the meeting, LSCU SVP, Governmental Affairs Will McCarty presented Rep. Bonner with a campaign contribution for his 2012 re-election.

During his remarks to the group, Rep. Bonner discussed the challenges facing the country including the economy and the need to balance the cutting of the national debt without making cuts that harm the country. Among the items discussed directly involving credit unions, Rep. Bonner said that the regulatory burden on credit unions needs to decreased so they are able to continue to serve their memberships. He noted that he makes his decisions based on what will work best, not on political calculations, and that this does not always make everyone happy.  For example, he said, when he supports legislation that helps credit unions make more small business loans, the banks don’t like it, but his overall concern is doing what is right.

Rep. Bonner is a co-sponsor of H.R. 1418, to increase the limit on credit union member business loans from 12.25 percent of assets to 27.5 percent. He also co-sponsored legislation to require the Federal Reserve to delay implementation of the debit interchange rule. The fight for this legislation helped pave the way for improvements to the proposal, and protected the interest of small issuers like credit unions.

The LSCU's McCarty thanked Rep. Bonner not only for his support on a number of important issues, but also for always having an open mind and giving credit unions the opportunity to explain their issues. A number of credit union attendees also voiced their support for Rep. Bonner. The credit unions that were in attendance commended his willingness to help tackle issues that are important to them, and for understanding how credit unions are different, yet important for so many people in the 1st Congressional District, the state and the country. [ Return to Top ]

New DEO program geared toward increasing capital for small businesses

The League is announcing an exciting opportunity for credit unions. The Florida Capital Access Program (FL-CAP) is a new program developed by the Florida Department of Economic Opportunity (DEO), in conjunction with the federal government. The FL-CAP will work with credit unions and other eligible financial institutions (Lenders) to increase capital opportunities for entrepreneurs and small businesses who might not otherwise qualify for conventional financing. The FL-CAP aims to build the Florida economy by allowing more small businesses to expand their operations and create new jobs. The League will be hosting a webinar in conjunction with the DEO on Monday, April 10 at 10 a.m. More information on the webinar will be available soon.

FL-CAP provides matching loan-loss reserves for loans that fall just outside a lending institution’s normal underwriting standards, by depositing the funds into a pooled account at the participating Lender’s institution. It is expected to enable up to $200 million in business lending. Businesses located in Florida with 500 or fewer employees are eligible for loans under the program. The maximum loan amount is $5 million.

Loans may be used to finance any business purpose including start-up costs, working capital, business procurement, franchise fees, equipment, inventory, as well as the purchase, construction renovation or tenant improvements of an eligible place of business that is not for passive real estate investment purposes. Nonprofits must have sustainable financial operations. The program has some limitations on passive real estate and refinancing of existing debt.

The FL-CAP will be funded at $20.6 million over the next two years. Gov. Rick Scott designated the DEO to administer the Florida program.

For more information about the program and how to participate, click here. [ Return to Top ]

Compliance Corner
League InfoSight highlight: Security Channel Updated

The current edition of the League InfoSight newsletter covers the review and update to the Security Channel.

As part of those updates, the FFIEC Online Banking Risk Assessment topic was added.

Credit unions and other financial institutions must maintain an ongoing information security risk assessment program that effectively:

  • Gathers data regarding the information and technology assets of the organization, threats to those assets, vulnerabilities, existing security controls and processes, and the current security standards and requirements
  • Analyzes the probability and impact associated with the known threats and vulnerabilities to their assets
  • Prioritizes the risks present due to threats and vulnerabilities to determine the appropriate level of training, controls, and assurance necessary for effective mitigation

To find out more about the Security Channel updates, 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 ]

CUNA Regulatory Advocacy Report - Week of March 5, 2012

This week, the CUNA Regulatory and Advocacy Report covers stories on: CUNA meets with top White House advisor, NCUA’s first roundtable discussion with credit unions regarding implementing Section 342 of the Dodd-Frank Act, preview of CUNA comments to CFPB on regulatory streamlining, and more.

To read the complete CUNA Regulatory and Advocacy Report, click here. [ Return to Top ]

Compliance calendar and training

March 2012

        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 ]

        Communications News
        LSCU Awards showcase the best in credit unions

        Every year the LSCU recognizes professionals, volunteers, and credit unions that have made outstanding contributions to the development and growth of the credit union movement in Alabama and Florida over the past year. With the League awards, it's a chance to showcase some of these wonderful accomplishments.

        The league is accepting entries for the 2012 LSCU Awards:

        • Professional of the Year
        • Volunteer of the Year
        • Distinguished Service Award
        • CU of the Year Award
        • Brother’s Keeper Award

        Click here to download the LSCU Awards brochure, or click here to visit the LSCU Awards webpage.

         In addition, the LSCU and CUNA sponsor three recognition programs for credit unions: the Dora Maxwell Social Responsibility Community Service Award Program, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Youth Financial Education Award.

        These awards identify credit unions that demonstrate the credit union "People-Helping-People" philosophy. The Dora Maxwell Award program honors the work of credit unions in the community, the Louise Herring Award program recognizes the practical application of credit union philosophy in daily internal operations, and the Desjardins Youth Financial Education Award recognizes leadership within the credit union movement on behalf of youth and adult financial literacy. For more information and entry forms, click here to visit the LSCU Awards webpage.

        The deadline for submissions is March 27, 2012. More information on all of these awards may be found on the LSCU Awards website. If you have any questions, contact LSCU Director, Information Services Amy Jowers at 866.231.0545 ext. 1020.  [ Return to Top ]

        Education News
        Register for LSCU Council meeting on April 3 in Montgomery

        Join your peers at the next LSCU Council meeting in Montgomery on April 3. The councils offer the best regional opportunity for you to stay abreast of trends in your profession, hear the timeliest topics from top speakers and stay connected with your industry peers in Alabama and Florida.

        The LSCU Councils are designed for CFOs, HR Professionals, Lending Professionals, Marketing and Business Development, Operations, Sales & Service Professionals, as well as Technology Professionals.

        Price: $199/person and includes continental breakfast and lunch.

        Council Sessions:

        CFO: Strategic Considerations for Credit Unions: Navigating the Economic Regulatory Maelstorm, Paul Leavell, Strategic Consultant with Raddon Financial Group

        HR/Training and Development: 5 Ways to Elevate Your HR Game By Thinking Like a Money-Hungry VP of Sales, Kris Dunn, SPHR, Chief Human Resources Officer for Kinetix

        Marketing & Business Development: What’s Next? Emerging Trends in Social Media, Ryan Cohn, CEO, What’s Next Marketing

        Lending: True Grit: How analytics Can Help You Automate Lending Decisions With Confidence, Kristin Corts, Statistical Analyst and Kathy Kieffer, Director of Business Development for Decision Services with CRIF

        Operations, Sales & Service: Dialog Banking in “The New Normal”, morning session, Extreme Makeover: From ‘Old School’ to ‘New School’ – The Evolution of Innovations, afternoon session David Southall, CEO Innovations Federal Credit Union

        Technology: Payments Innovation through Technology, Suzanne Savage, President Savage Consulting Group

        To register, click here. For more information, contact LEVERAGE Director, Product Management/Executive Recruiter Lisa Hammock at 866.231.0545, ext. 1146.

        Don't forget to like LSCU Councils on facebook for updated information and topic details! [ Return to Top ]

        LSCU AC&E offers 19 educational opportunities

        For credit unions, the LSCU Annual Convention and Exposition (AC&E), June 13-16 in Orlando, is a full service convention that offers big name speakers, quality educational opportunities and plenty of networking time. For the 3rd AC&E, credit unions will have 19 educational breakout sessions, the LSCU Councils and the Director's Institute to find those topics that interest them.

        Among the topics for the educational breakout sessions:

        • Payday Lending
        • Technology Trends
        • Building a Better Board
        • Know Your Member: Deepen the relationship
        • Succeeding in Hard Times
        • The Director's Guide to Political Advocacy
        • Sustainable Growth
        • Gen Y: Proven Strategies
        • Changing the World One Tweet at a Time

        The LSCU Councils offer educational sessions for the CFO, HR, Lending, Marketing, Operations and Regulations. The Director's Institute offers four sessions:

        • The Basics of Risk Assessment for Volunteers
        • Director's Liability
        • Recruiting, Orienting and Retaining Board Members
        • Understanding Regulations 

        The AC&E theme is the Power of One. Attendees will gain a greater understanding of how the League, credit unions and system partners are working together to move credit unions forward. The greatest strength of credit unions is their collaborative spirit. You can learn more and register for the AC&E by visiting the LSCU Convention website.  [ Return to Top ]

        Southeast Regional CUNA Management School set for June

        For more than 40 years, the Southeast CUNA Management School has equipped graduates with the skills and knowledge to meet the leadership challenges of the credit union industry. More than ever, success depends on the capacity of individuals to continuously learn and to adapt to the changes inside and outside of their credit unions.

        The Southeast CUNA Management School is coming up June 8-15 at the Georgia Center in Athens, GA. The week-ling school includes a track for first-, second- or third-year students. The curriculum includes Personal Leadership, Effective Communications, Team Building, Stress Management, Asset Liability and Employment Law. CUNA President/CEO Bill Cheney is expected to be one of the faculty members this year. 

        For more information or to register, visit the Southeast CUNA Management School website. To apply for a Southeast CUNA Management School scholarship, click here. Contact VP, Cooperative Initiatives Laura Vann at 866.231.0545 ext. 2181 with any scholarship questions. [ Return to Top ]

        LSCU holds first BSA training of 2012

        LSCU VP, Regulatory Affairs Bill Berg addresses BSA attendees in Jacksonville's Healthcare's Cooperative CU. . 

        The League's first BSA Training session of the year helped 49 credit union staff and one volunteer get up-to-date information on the Bank Secrecy Act.

        Future BSA sessions will be held in Mobile on April 11; Birmingham on May 9; Tuscaloosa on July 25; and Muscle Shoals on Oct. 18.


          [ Return to Top ]

        Education Calendar

        Upcoming Events:

        Tuesday, March 6
        Troubled Debt Restructuring Issues
        3 to 4 p.m. EST - Webinar

        Wednesday, March 7
        Overdraft Protection Update: Regulations, Lawsuits & Guidance
        3 to 4 p.m. EST - Webinar

        Tuesday-Wednesday, March 12-13
        IRA Essentials & Advanced Training Workshop
        10 a.m. to 5:30 p.m. EST

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

          [ Return to Top ]

        LEVERAGE News
        CMG, NCUA collaborate on fraud mitigation education

        The majority of the interactive fraud prevention training sessions titled, “Don’t Give Fraud the Green Light – Mitigating Fraud in Your Credit Union,” will be conducted by CUNA Mutual Group risk management consultants and highlight the latest fraud concerns and control techniques. Workshops will include implementation of best practices in the areas of wire transfer, fraudulent deposit, lending and employee dishonesty.

        Credit union workshops and roundtables are hosted by NCUA’s Office of Small Credit Union Initiatives (OSCUI) and will be located at sites throughout the U.S. Although geared more for smaller credit unions, the training is free and open to all credit unions. In addition to fraud detection, other topics in the daylong workshops will include:

        • Issues Facing Credit Unions
        • What is OSCUI and What We Can Do For You?
        • Examination Issues
        • ALM - Discovering Product Costs and Profitability in Your Credit Unions
        • Duties of the FCU Board of Directors – Part II NCUA Regulations 701.4 (Certificate of Attendance Provided)

        “These workshops provide an opportunity for two organizations committed to the credit union space to focus on best practices and solutions that help smaller credit unions manage risk and avoid fraud,” said Brad Mundine, CUNA Mutual Group senior manager of Risk Management Services. “The power of collaboration can’t be overstated, and we're proud to be a part of this effort and remain committed to providing risk management resources for credit unions of all asset sizes,” Mundine added.

        “NCUA’s OSCUI works to educate small credit unions about the many issues that affect them, including fraud prevention,” said William L. Myers, NCUA’s OSCUI director. “Tapping into the expertise of external groups, like CUNA Mutual Group’s specialists on fraud prevention, is a great way to improve the effectiveness of OSCUI’s training programs.”

        For more information and to register, click here. [ Return to Top ]

        Let LEVERAGE help you save $15 off your next Office Depot purchase

        Every credit union needs business essentials, so why not purchase them for less. Save $15 off your qualifying purchase of $175 or more with Office Depot.

        To redeem this offer, click here and enter coupon code 834189037 at check-out. Offer valid through March 31, 2012. For complete offer details click here.

        The Office Depot cooperative purchasing program is designed specifically for credit unions, which offers maximized discounted pricing for up to 70 percent off the catalog list price. For more information about the program, contact
        LEVERAGE Product Support Manager Deirdre Rhodes at 866.231.0545 ext. 1104.

        [ Return to Top ]

        News from You
        Flag CU celebrates Leap Year with contest

        In honor of 2012 Leap Year, Flag Credit Union, based in Tallahassee, hosted a Jump Rope Contest for its members. The member who jumped the most consecutively jumps won a $50 Visa Gift Card. The contest, along with the Visa Gift Card, was won by DeShawn G. (above) for jumping 118 jumps.


          [ Return to Top ]

        Alabama Teachers Credit Union pays for good grades

        Members of Alabama Teachers Credit Union, based in Gadsden, receive money for grades if they are signed up for one of the credit unions three youth clubs: Savasaurus, Generation Next and Synced.

        The members submit their report cards twice a year, for the fall and spring semesters. Members are paid $2 for each “A” and $1 for each “B.”  For the 2011-2012 fall semester, more than $13,000 was deposited into over 650 youth accounts held at Alabama Teachers Credit Union. [ Return to Top ]

        Insight CU supports local veterans

        Insight Credit Union recently presented much-needed toiletries, gently used books, and homemade valentines from local elementary school children to the Orlando VA Medical Center just in time for Valentine’s Day.

        Each year, the staff and members of Insight Credit Union collect items such as shampoo, soap, toothpaste, tube socks, and books and encouraged to make valentines for veterans in care facilities. This year the staff presented more than 500 valentines, and many boxes of toiletries to our veterans. The event is part of the Department of Veterans Affairs (VA) National Salute to Hospitalized Veterans during the week of Valentine’s Day.

        This is the 14th year Insight Credit Union has participated in the program and the fourth year the credit union has encouraged local students to get involved. Classrooms and youth groups throughout Central Florida made special valentines thanking veterans for their service.

          [ 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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