LSCU eSignal Weekly
LSCU eNews Weekly March 12, 2012
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LSCU eNews Weekly
In This Issue
President's Point
New post-examination feedback survey coming this week
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: LSCU working closely on several bills during session
This week in Florida politics: Budget passes, Supreme Court rules on redistricting maps
CUNA GAC webinar coming Thursday
News from the Hill: Senate jobs bill may be introduced; still pushing to include MBL legislation
Florida Capital Access Program beneficial to credit unions
Compliance Corner
League InfoSight highlight: Check your SAR program and make sure it's updated
FinCEN reporting going paperless in July
CUNA Regulatory Advocacy Report - Week of March 12, 2012
Compliance calendar and training
Cooperative Initiatives News
Scholarships available for upcoming CUES events
CFPB to hold field hearing in Miami on protecting older Americans against financial abuse
Education News
Additional ALM Essentials & Implementation Training now scheduled in Miami at end of month
2012 LSCU Disaster Preparedness Workshops coming soon in Miami and Montgomery
Education Calendar
LEVERAGE News
White paper examines payment protectionís value to CUs, members
Invest in America now offers enhanced GM discounts
News from You
Insight Credit Union supports local SPCA
Pen Air FCU offering "You Choose It" checking
EMPLOYMENT
View available credit union jobs
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President's Point

New post-examination feedback survey coming this week

Over the past four months, Congress has been looking at ways to improve the examination process for financial institutions. H.R. 3461, the Financial Institutions Examination Fairness and Reform Act, was introduced in November by Rep. Shelley Moore-Capito (R-WV). Earlier this month, Sens. Jerry Moran (R-KN) and Joe Manchin (D-WV) introduced S. 2160, which is the companion bill to H.R. 3461. The purpose of this legislation is to give more transparency to the examination process and give financial institutions more rights.

Last month, JetStream FCU CEO Jeanne Kucey testified before a House subcommittee that was looking at H.R. 3461. Kucey, whose credit union is based in Miami Lakes, told the subcommittee that credit unions were not part of the economic crisis but were paying the price of other financial institutions by being over-regulated. Kucey said “more transparency in the regulatory process will lead to more consistency and promote safety and soundness throughout the system.”

This is a subject we’ve been working with NCUA Region III Director Herb Yolles on for two years. Herb frequently speaks at LSCU events and talks about the processes he’s put in place with his examiners to ensure that the lines of communications are better. Herb has brought a higher level of accountability to Region III staff, but he and his supervisory examiners can’t sit in on every examination in the region. As you know, examinations have gotten progressively tougher and each examiner is different; both in good ways and bad ways.

Over the next week, you will hear more about another project the LSCU has been working on. The League has developed a post-examination feedback survey. The electronic survey, which will be available on our website, allows credit unions the opportunity to provide immediate feedback on their federal and/or state examination.  Aggregate information will be collected and shared with our federal and state regulators to help improve the examination process. The survey is quick and won’t take you but a few minutes to complete. I shared a draft of the survey with Herb and he gave some valuable feedback which we incorporated into the final version of the survey.

The survey was not designed to be a “got ya” type of document for credit unions to  vent about bad examiners and examination experiences, however I expect we will get some of that. But I also hope credit unions will pass along positive stories and comments about examiners and examination experiences that we want to use as “best practices” when disseminating the data to the NCUA, OFR, and the ACUA.   

You should expect to receive a letter later this week with the location of the survey on the LSCU website and the steps needed to complete the survey. I hope you will find this short survey helpful. Herb has had me up to Atlanta to talk about the NCUA examination process and provided an opportunity for me last summer to speak to the Region III federal examiners about the issues you are seeing during the examination process. The feedback you provide from this survey will ensure that the League has the best and most pertinent information when we talk with our regulators. This is an example of how the League is working with you and for you to improve the examination process.    
   
I welcome your thoughts and feedback.
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LSCU Top Headlines
This week's top League headlines

Rep. Jeff Miller signs onto Supplemental Capital bill
H.R. 3993, the Capital Access for Small Businesses and Jobs Act, gained its first co-sponsor from Florida. Rep. Jeff Miller (R-FL) signed on late last week. The bill would allow credit unions the ability to raise capital from sources other than retained earnings. Click here to read more about the bill. 

Southeastern credit unions continue positive trends in fourth quarter
The fourth-quarter Call Report data is out and Alabama and Florida credit unions ended the year by adding $2.7 billion in assets and 110,000 new members for 2011. This constitutes the largest yearly membership gain in four years for both states. Delinquent loans and net charge offs both dropped for the second straight year. To read the full news release, visit the LSCU Press Release room.

Alabama primary Tuesday
The Alabama primary will be Tuesday March 13. Polls will be open from 7 am - 7 pm. Alabama voters will have a say in who gets the GOP nod for president. Alabama credit unions should have received information from the League on primary candidates for other races besides president. If you need information on how the candidates feel about credit union issues, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545 ext. 2137.

Florida OFR Commissioner resigns
Tom Grady, only on the job seven months with the Florida Office of Financial Regulation, resigned his position as commissioner last week to accept the interim president's post with Citizens Property Insurance Corp. OFR is expected to name an interim director soon. Click here for more information. 

LEVERAGE partners with Pennsylvania League with Ventelligence
In another example of collaboration, LEVERAGE, the LSCU's service corporation, is partnering with the Pennsylvania League to offer Ventelligence and ePurchasing. Pennsylvania's more than 500 credit unions can now have access to an automated contract management system, while also revolutionizing the way they procure contracts. Click here to read more.

Credit unions once again tops in customer satisfaction
According to the 2011 Customer Experience with Call Center Representatives Survey, conducted by Prime Performance, credit unions are the top financial institutions when it comes to member/customer satisfaction. Credit unions overall satisfaction score was 83 percent, while small banks came in at 79 percent and large banks at 66 percent. Click here to read the full story.   

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Governmental Affairs News
This week in Alabama politics: LSCU working closely on several bills during session

While public deposits have been at the forefront of the LSCU legislative agenda in Alabama, the Governmental Affairs team has been busy working on other legislation as well. On Thursday, HB 213 by Rep. Dexter Grimsley (D-Newville) passed the House unanimously ensuring that credit unions will never have to register as a used motor vehicle dealer. Credit unions in Alabama do not currently have this requirement, but have been operating under an exemption using some broad language. HB 213 adds the language “credit unions” in the code and now moves to the Senate for its consideration.

Also this past week, the League worked on two other pieces of legislation that could be detrimental to credit unions in Alabama. HB 203 by Rep. Rod Scott (D-Birmingham) applies the federal money laundering statute to the Alabama Code. Two issues with this legislation is that it establishes a state offense where a federal one already exists and that the state is “not required to prove that the defendant knew that the offense…was specified unlawful activity.” With credit union employees dealing with wire transfers, the sale of cars, and other financial activities, this bill raises serious concerns and members of the legislature share those concerns as well. The other piece of legislation was HB 382 by Rep. Wes Long (R-Arab) and it deals with what is being called the Mortgage Satisfaction Act. This legislation is an over-reaching bill to address the timely satisfaction of mortgages. Certain areas of concern deal with limiting what a financial institution can charge for certain services and creating fines and causes of action for others. The League is working jointly with other financial institutions to either see this bill amended to its satisfaction or defeated in committee. A vote is expected in two weeks.

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: Budget passes, Supreme Court rules on redistricting maps

Florida Politics Week in Review:
The 2012 Legislative Session came to an end on Friday, as the House and Senate adjourned sine die at 11:59pm. While there was certainly some contention between the two chambers on the final day, it was not nearly as combative as the end of the 2011 session.

The big news coming on the final day of the session was the Florida Supreme Court’s decision to accept the newly drawn district maps for the Florida House, while ruling the Senate map to be unconstitutional. The Court ruled that the Senate’s map was “facially invalid,” stating that it did not comply with the new constitutional amendments which 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. The legislature must now convene a special session in order to redraw the Senate map. The governor has called for this session to begin on Wednesday, March 14 and run through March 28.

The other constitutionally mandated piece of legislation that had to pass during the 2012 Legislative Session was the budget. Each year, the legislature must pass a balanced budget, meaning they cannot spend more money than is received in revenue. The final budget, HB 5001, passed the House on a party line vote 80-37. The Senate then passed the budget on a near party line vote, 32-8.

Failing to pass both chambers was a bill to reduce the backlog of foreclosure cases in Florida, HB 213 by Rep. Kathleen Passidomo (R-Naples). While it had passed the house on a bipartisan vote in week 8, the Senate companion, SB 1890 by Sen. Jack Latvala (R-St. Petersburg) was never brought up for a final floor vote. The two bills, while similar, were not identical, and would have had to be amended in order to pass both chambers. In the end, there was too much contention on which version should be the final version, leaving this bill to die in messages. It is likely the differences will be worked out before next session and the LSCU GA team will be a part of those discussions.

As stated last week, the 2012 session was a very contentious one with both parties playing politics on many issues. Very little substantive legislation passed, with many bills dying in messages (passing one chamber but not the other) on the final day of session. A full session wrap up will be in the first quarter issue of the Signal Magazine.

The League’s GA team will now focus on meeting with members in their districts to educate them on the importance of credit unions, what our priority issues will be heading into the 2013 Legislative Session, and why credit unions are the best choice for consumers.

Grassroots Activity
Now that Legislative Session has ended, a lot of the GA team's focus will shift to after-session grassroots activities. The League's priority is more chapter involvement in the form of hosting legislative meet and greets. Chapter leaders have agreed to hold legislative events, however, the League is looking for 100-percent participation. Whether it's hosting a group of legislators at a local credit union, having an evening meet and greet, or a breakfast roundtable, getting lawmakers to see the credit union difference first hand truly makes an impact. The GA team will help plan and execute these events. LSCU Grassroots & Political Action Coordinator Andy Gonzalez will be traveling the state to discuss these.

Credit unions should have received the LSCU PLAN to Win Strategy Guide, which will help outline the League’s new grassroots plan. Much of this plan is not new; however, it will help us to once again focus our grassroots energy so that credit unions can be more successful both at the state and federal levels. If you have not received your PLAN to Win, please let us know immediately.

The GA team is almost ready to unveil our grassroots and PAC management tool, the LSCU Action Center. Using this online tool will make it easier for credit union staff and members to contact their elected officials. However, in order to utilize the action center's grassroots functions once it is unveiled, an LSCU website log-in is required. If you do not currently have a log-in for the League website, make sure you register for one by clicking here.

The GA team will be sending candidate surveys in an effort to help determine credit union-friendly candidates. The surveys should go out shortly after the session ends, and the information is used to help build the 2012 Vote Guide.

PAC Fundraising

The first quarter of the year is well under way and the League wants to continue the progress we made in its Political Action Committee (PAC) fundraising efforts in 2011. LSCU Grassroots and Political Action Coordinator Andy Gonzalez will be hitting the road shortly to help credit unions advance their fundraising efforts. The 2012 Fundraising Guide, along with your 2012 CUPAC and FEDPAC goals has been sent out on a CD and should have been received by now. If you have not yet received your 2012 Fundraising Guide, contact Andy Gonzalez at 866.231.0545 ext. 1010.

Special thanks go out to Florida Commerce Credit Union, Suncoast Schools FCU, First Florida Credit Union, Fairwinds Credit Union, and Community South Credit Union who have started the payroll deduction program in 2012 in Florida. The payroll deduction program is designed to be a simple and convenient way for credit union employees to contribute to the LSCU FEDPAC. A few dollars from each employee paycheck goes a long way towards reaching your credit unions goal and helping the League reach its Fed PAC goal. Consider enrolling your credit union in the payroll deduction program today.

If you have any questions about VOCUS, grassroots activities, or PAC fundraising, contact Andy Gonzalez at 866.231.0545, ext. 1010.

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 ]

CUNA GAC webinar coming Thursday

The CUNA GAC is coming up next week in Washington, D.C. It's a time to gain a greater understanding of the credit union movement, see what's going on from the national perspective, and to meet with federal lawmakers. The League will hold a webinar on Thursday March 15 at 9 a.m. CST/10 a.m. EST to help Alabama and Florida credit unions have a greater handle on the issues that will be discussed during the week. 

Attendees will receive an email from the League this week with log in instructions for the webinar, along with materials that will be discussed. A CUNA GAC packet is also being mailed to credit unions so they will have it to bring with them to Washington. If you are attending, but will be out of the office at the end of the week, contact LSCU SVP, Governmental Affairs Will McCarty at 866.231.0545 ext. 2137 to arrange an alternate location for your packet.

The materials will also be available on the League's CUNA GAC Resource website later this week.  [ Return to Top ]

News from the Hill: Senate jobs bill may be introduced; still pushing to include MBL legislation

The House is on recess this week while the Senate remains in Washington.

The Senate resumes Monday and continues consideration of the transportation bill. Consideration of this legislation is expected to be completed on Tuesday, after which the Senate is expected to consider judicial nominations for the remainder of the week.

The League expects the Senate Majority Leader to release his jobs bill this week.   The League and CUNA have been actively pursuing the inclusion of Sen. Mark Udall’s (D-CO) MBL legislation as part of this package or as an amendment that could be voted on during consideration of the bill. These efforts continue and its critical that credit unions respond to last week’s grassroots action alert.  

Committee Schedule

Below are several hearings in Washington and throughout the country the League is following:

On Wednesday, the House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit will hold a field hearing on “An Examination of the Challenges Facing Community Financial Institutions in Texas.” This hearing will be held in San Antonio, TX. Maria Martinez, president/CEO of Border FCU, and Robert Glenn, president/CEO of Air Force FCU, will be among the witnesses.

Also on Wednesday, the Senate Banking Committee Subcommittee on Financial Institutions and Consumer Protection will hold a hearing on “Examining Issues in the Pre-Paid Card Market.” Lauren Saunders, managing attorney at the National Consumer Law Center, and David Rothstein, researcher at Policy Matters Ohio, are expected to testify.

On Thursday, the House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit will hold a field hearing on “An Examination of Potential Private Sector Solutions to Mitigate Foreclosures in Nevada.” This hearing will be held in Las Vegas.  CUNA expects a credit union witness at this hearing, although the Committee has not yet released a list of witnesses.

Also on Thursday, the Senate Banking Committee Subcommittee on Housing, Transportation, and Community Development will hold a hearing on "Strengthening the Housing Market and Minimizing Losses to Taxpayers." Steve Linick, inspector general of the Federal Housing Finance Agency; John DiIorio, CEO of First Alliance Lending; Mark Calabria, director of financial regulation studies at the Cato Institute; and Laurie Goodman, senior managing director of Amherst Securities, will testify.

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 ]

Florida Capital Access Program beneficial to credit unions

The League has 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. Webinar information will be sent to credit unions later this month.

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: Check your SAR program and make sure it's updated

The current edition of the League InfoSight newsletter advises credit unions to look at their Suspicious Activity Reports (SARs). With the Financial Crimes Enforcement Network’s recent issuing of an advisory to remind financial institutions of the requirement to maintain the confidentiality of SARs, now is a good time to review the Suspicious Activity Reports topic of the Bank Secrecy Act (BSA) channel. This topic was recently reviewed and updated.

An effective BSA compliance program will be able to recognize that certain transactions are suspicious in nature. A credit union must know its members to be able to make an informed decision as to the suspicious nature of a particular transaction and whether to file a SAR. SARs can be filed on any transaction occurring in any department. SARs must be filed no later than 30 days after the date of initial detection of facts that may constitute a basis for filing a SAR.

To find out more about SARS and BSA compliance or for more helpful reminders and tips, view the League InfoSight newsletter. Members must login to the League website (www.lscu.coop) with username and password. If you do not have access to the League website, click here to sign up. After you are logged in to www.lscu.coop, locate the InfoSight block (see graphic below) in the upper right of any of the LSCU web pages, choose your state, and click "GO."


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FinCEN reporting going paperless in July
Financial Crimes Enforcement Network (FinCEN) issued its final rule requiring the electronic filing of most Bank Secrecy Act (BSA) reports. This final rule includes the e-filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). In its press release, FinCEN indicated the move to e-filing will “improve efficiency, reduce government and industry costs, and enhance the ability of investigators, analysts, and examiners to gain better and timely access to important financial information.” FinCEN was encouraged by industry leaders to delay the effective date, however, the final rule now mandates electronic filing effective July 1, 2012.    

Exemptions for credit unions 
FinCEN will grant a limited number of exemptions to institutions that follow certain procedures and that demonstrate a substantial hardship in meeting the July 1, 2012 requirement. These “exemptions” are only temporary and institutions are expected to ramp up their ability to e-file reports as required by the rule. Small credit unions lacking internet connectivity or large institutions undergoing major system conversions to enable batch and computer-to-computer CTR filing should consider this option when creating an action plan for implementation.  

Exemption request process
Requests by credit unions seeking a temporary exemption must be submitted directly to FinCEN by March 26, 2012. The submission must follow procedures outlined in the FinCEN “Process for Requesting Limited Duration Exemptions from Mandatory Electronic Filing of most other BSA Reports.” FinCEN included a template that credit unions are encouraged to use when filing for exemption.

Credit unions now using non e-filing procedures
If your credit union is now filing reports using non-electronic methods, FinCEN maintains a website dedicated to BSA e-filing. At this site you can take a tour of the BSA e-filing system, follow frequently asked questions, and sign up for e-filing. In addition, "Getting Started with BSA E-Filing" takes you through the e-filing enrollment process step-by-step and is an excellent starting point for credit unions ready to sign up.

Contact LSCU Compliance Director Scott Morris at 866.231.0545 ext. 2165 with any questions.  

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CUNA Regulatory Advocacy Report - Week of March 12, 2012

This week, the CUNA Regulatory and Advocacy Report covers a number of stories about CUNA's interaction with the Consumer Financial Protection Bureau (CFPB). CUNA is commenting on a CFPB proposal on regulatory streamlining. CUNA and member credit unions sat on a Small Business panel discussion on RESPA/TILA Rulemaking and the report provides insight into 2012 additional mortgage rulemaking.

This is a valuable resource to learn more about what's going on at CUNA and how its responding to regulatory needs. To read the complete CUNA Regulatory and Advocacy Report, click here. [ Return to Top ]

Compliance calendar and training

March/April 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.

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        Cooperative Initiatives News
        Scholarships available for upcoming CUES events

        The Southeastern Credit Union Foundation (SECUF) is offering scholarships to five CUES conferences in 2012. Scholarships are available to the following conferences: CEO/Executive Team Network, CUES Director Development Seminar, Directors Conference, CUES Symposium: A CEO/Chairman Exchange, and CUES School of Applied Strategic Management. 

        Scholarships cover tuition and a portion of travel expenses. For more information on the CUES conferences, visit the CUES website. To apply for a scholarship, visit the SECUF website. For questions about the scholarship program, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545, ext. 2181.
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        CFPB to hold field hearing in Miami on protecting older Americans against financial abuse

        The Consumer Financial Protection Bureau (CFPB) and the Office for the Financial Protection of Older Americans will host a town hall meeting in Miami on March 20. The meeting with be held from 10 a.m.-12 p.m. at the Alliance for Aging, Inc., 760 NW 107th Avenue, 2nd Floor Conference Room, Miami.

        The Office for the Financial Protection of Older Americans will provide an overview of the responsibilities included under the office. Participants are encouraged to provide information on the biggest concerns for older Americans in the Miami-Dade area, local efforts to protect elders from financial exploitation and promising practices that should be shared. The CFPB is also looking for input on how it can support community stakeholders to enhance outreach and prevention efforts.

        Credit unions are encouraged to attend and provide information on the steps they are taking to meet the financial needs of older Americans and protect them from exploitation. To confirm your attendance, email Rhina Jaar or call 305.670.6500, ext. 222.

        If you have any questions about credit union participation at the meeting, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545, ext. 2181. [ Return to Top ]

        Education News
        Additional ALM Essentials & Implementation Training now scheduled in Miami at end of month

        After gauging the interest of South Florida credit unions, the LSCU has added a workshop for ALM Essentials &Implementation Training near Miami, FL on March 29 & 30, 2012. Click here to view details both days.     [ Return to Top ]

        2012 LSCU Disaster Preparedness Workshops coming soon in Miami and Montgomery

        The Disaster Preparedness Workshop is a full day workshop that will benefit all credit union staff involved with developing and implementing the disaster preparedness plan of their credit union.

        Workshop facilitator: Don Stewart, MBCP, MBCI, CCP, director of professional services for Ongoing Operations LLC

        Registration fee: $199/person.

        For more information click on links below:

        Disaster Preparedness Workshop – Miami, FL
        Tuesday, April 24, 2012 – 9am – 4pm EST

        Disaster Preparedness Workshop – Montgomery, AL
        Thursday, April 26, 2012 - 9am – 4pm CST

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        Education Calendar

        Upcoming Events:

        Tuesday, March 13
        Lending Series: Understanding Borrowers’ Tax Returns, Part 2: Income from Rentals, Royalties, Partnerships, S Corps & Farms
        3 p.m. to 4 p.m. EST - Webinar

        Wednesday, March 14
        Advanced Collection Techniques & Tools
        3 p.m. to 4 p.m. EST - Webinar

        Tuesday-Wednesday, March 13-14
        IRAEssentials & Advanced Training Workshop
        10 a.m. to 5:30 p.m. EST

        Thursday, March 15
        Accepting Powers-of-Attorney: 10 Deposit Account Hotspots
        3 p.m. to 4 p.m. EST - Webinar

        To view the full 2012 LSCU Education Calendar of Events, click here. [ Return to Top ]

        LEVERAGE News
        White paper examines payment protectionís value to CUs, members

        Approximately 80 percent of credit unions surveyed believe payment protection products are a good value for their members and increase their comfort level in obtaining a loan, according to a white paper recently published by CUNA Mutual Group.

        “Payment Protection: Member Value, Marketing Combine for Win-Win” examines credit unions’ perceptions of payment protection products, their importance to members, cross selling perceptions and sales culture. Research showed in addition to accommodating members’ financial needs, payment protection also addresses the loss of non-interest income for credit unions. More than 330 credit unions were included in the research.

        A PDF of the white paper can be found on CUNA Mutual Group’s website. Rich Trace, director, product management, CUNA Mutual Group, provides an overview of the white paper's findings in a short YouTube video.

        For more information on CUNA Mutual, contact a LEVERAGE Business Development Consultant. [ Return to Top ]

        Invest in America now offers enhanced GM discounts

        The Invest in America Credit Union Member Discount program from GM has been enhanced to drive more loans to credit unions. The program benefits have been increased. Credit unions have two levels of participation to choose from – premium or standard - based on how much marketing they can commit to.

        Invest in America was built to provide member discounts while opening up more consumers to credit unions. The GM discount is for new vehicle purchases and provides low, fixed pricing to go along with the low credit union loan rates. 

        To learn more about the premium and standard participation levels of Invest in America, contact a LEVERAGE Business Consultant. Learn more about Invest in America on the LEVERAGE website.

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        News from You
        Insight Credit Union supports local SPCA

        On Feb. 11, Insight Credit Union, based in Orlando, helped support the SPCA of Central Florida at the 18th Annual Paws in the Park. 

        Insight employees and their dogs showed their support for the cause and enjoyed a walk around Lake Eola. 

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        Pen Air FCU offering "You Choose It" checking

        Pen Air FCU, based in Pensacola, is offering its members more value for their free checking accounts. The “You Choose It” checking program allows members the following five money saving bundles:

        • Travel Package: includes a subscription to Sojourns member magazine, companion airfare, destination savings, travel cash rewards, and a choice from more than 30 destinations for a three day stay
        • Shopping Package: gives back with discounted gift cards, a discounted online shopping service, cash savings and coupons, and discounts for entertainment
        • Credit Package: allows the members to take hold of their credit score with Triple Bureau Credit Alert, triple bureau credit reports, and payment card protection
        • Fraud Protection: ensures the integrity of the members identity, offers Card Patrol, identity theft insurance with fraud assistance, ID network and safety service, access to the educational website by My ID Matters, and triple bureau credit alert
        • Peace of Mind Package: offers accidental death insurance, payment card protection, purchase protection and extended warranty, and prescription drug and vision program plans
        Each package combines the valuable free basics of Pen Air FCU checking accounts and is $2.00 for premier members at the credit union, or $3.00 for those who are not a premier member. To learn more about “You Choose It” checking, visit Pen Air's website

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        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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