LSCU eSignal Weekly
LSCU eNews Weekly March 19, 2012
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LSCU eNews Weekly
In This Issue
President's Point
Alabama and Florida credit unions at the CUNA GAC
LSCU Top Headlines
This week's top League headlines
CUNA GAC
CUNA GAC kicks off with LSCU Welcome Reception
Governmental Affairs News
This week in Alabama politics: Short legislative week, public deposits hearing following Alabama GAC
This week in Florida politics: Special Session looming, after-session grassroots efforts underway
League hosting webinar on new DEO program geared toward increasing capital for small businesses
Compliance Corner
League InfoSight highlight: Model policies updated
CUNA Regulatory Advocacy Report - Week of March 19, 2012
Compliance calendar and training
Communications
NEW: LSCU audio podcast on cloud computing with Brian Sommer
Cooperative Initiatives News
Biz Kid$ DVD box sets available from NCUF
Education News
One week left to register for ALM Essentials & Implementation Training in Orlando, Miami
LSCU Council meeting coming up on April 3, register today!
2012 LSCU Disaster Preparedness Workshops next month
Education Calendar
LEVERAGE News
Leverage your resources though improved performance
News from You
CFE FCU donates $90,000 to local school districts
EMPLOYMENT
View available credit union jobs
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President's Point

Alabama and Florida credit unions at the CUNA GAC

As you read this, more than 130 credit union officials from Alabama and Florida are in Washington, D.C. for the CUNA GAC. Each year we say it’s important to attend the CUNA GAC, but this year the timing is perfect.

Last week Senate Majority Leader Harry Reid (R-NV) announced he would bring Sen. Mark Udall’s (D-CO) member business lending (MBL) legislation, S. 509, up for a vote in the Senate. Reid is a supporter of Sen. Udall’s bill and says it’s time to put the issue to a vote. A date has not been set for the vote; however, MBL will be the major topic of discussion when we visit all 36 members of our Alabama and Florida federal delegation. We need 60 votes so the bill will bypass any possible filibuster. Our legislation can only be helped by our visits.

While we're here, we will honor Sens. Bill Nelson (D-FL) and Jeff Sessions (R-AL) as our federal lawmakers of the year. It’s a good way to say thank you for their support of our issues. Sen. Nelson is the only senator that backed both our MBL legislation and the legislation to delay interchange. Also, on Monday night, Suncoast Schools FCU CEO Tom Dorety will receive the Herb Wegner Lifetime Achievement award. Tom is most deserving of the award for his tireless commitment to his credit union and the movement. Not too many credit union officials can wear the title of “icon,” but Tom Dorety is truly an icon within the credit union movement. Before I came down here to run the LSCU, I knew of Tom Dorety mostly from his previous role as CUNA Chairman. Almost three years later, I have a much better understanding and appreciation of what Tom brings to the movement. We are lucky to call him one of our own.

Packed with events and sessions, the CUNA GAC is featuring former Secretary of State Condoleeza Rice as a keynote speaker, as well as Rep. Spencer Bachus from Alabama, chairman of the House Financial Services Committee. The breakout sessions are designed to immerse credit unions in the issues, as well as help them operate their credit union better. The “leave behind” project, to honor the the Democratic and Republican  National Conventions, will be front and center during Monday’s general session. I will have the opportunity to talk about the Republican National Convention project in Tampa that will revitalize a playground at All Children’s Hospital. Plus, it’s a good way to kick off the fundraising.

We have “LSCU from the GAC” video reports each day from Washington, D.C. I encourage all of you to watch them to see the many activities our credit unions are taking part in and hear from our credit union officials about their experience this week. Each year the CUNA GAC is always memorable, but with a little luck and a positive vote on MBL legislation, it could be one to remember for a long time. 
   
I welcome your thoughts and feedback.
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LSCU Top Headlines
This week's top League headlines

Possible MBL vote coming soon
The Hill recently reported that Senate Majority Leader Harry Reid (D-NV) will bring MBL legislation up for a vote. Click here to read the full story.

NCUA Board meets on key issues
The NCUA held a short board meeting last week, the meeting covered the agency’s plan to implement requirements under the Dodd-Frank Act and a presidential order to federal agencies regarding diversity within NCUA’s workforce, an update on the National Credit Union Share Insurance Fund, and a final rule that made some very minor changes to three NCUA rules. Click here to read the NCUA Board Meeting Summary.

Santorum, Bachus, Bonner and Brooks win Alabama primary
Rep. Spencer Bachus (R-AL) joined presidential hopeful Rick Santorum as a big winner in the Alabama primary. To read more about the 2012 Alabama Primary winners, click here.

Longtime credit union official passes away in Florida
Cornelia Downs the former CEO of NCSC CU in Panama City and FCUL chairman died last week. To read the full story click here.

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CUNA GAC
CUNA GAC kicks off with LSCU Welcome Reception

Pen Air FCU Interim CEO David Tuyo is briefed on Hill visits by LSCU Director of Legislative Affairs Jared Ross.

With weather far above average, Alabama and Florida credit union officials began arriving in Washington, D.C. for the CUNA GAC. Sunday was the heavy travel day for most folks. To get the conference kicked off, the League hosted a Welcome Reception at the Grand Hyatt hotel. This allowed credit unions to ease into the CUNA GAC before the conference revs up on Monday. 

The  total number of attendees from Alabama and Florida at the 2012 CUNA GAC is more than 130. Thirty-three of them are new this year. While the education sessions and the speakers at the CUNA GAC are excellent, the real meat of the conference is the Hill visits on Wednesday. The League attendees will meet with all 34 federal lawmakers or their staff. 

The main topics during the Hill visits will be MBL, Supplemental Capital, Examination Fairness, and Credit Union Value Proposition. It's important that lawmakers see a full room during each visit. 

Follow the CUNA GAC every day by visiting the LSCU Video Room. LSCU VP, Communications and Marketing Mike Bridges sends back an "LSCU at the GAC" story every day that gives the flavor of the CUNA GAC, along with the issues and hear from Alabama and Florida credit union officials. Also, check the LSCU website daily for updates. 

LSCU SVP of Governmental Affairs Will McCarty goes over the upcoming Hill visits with Alabama CU CEO Steve Swofford.

Rocket City CEO Marquetta Cantrell visits with a colleague during the Welcome Reception.

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Governmental Affairs News
This week in Alabama politics: Short legislative week, public deposits hearing following Alabama GAC

Alabama Legislative Update

The Senate finished the sunset bills, which they are statutorily required to take up and send to the House on the tenth legislative day. The House worked through two Special Order Calendars of relatively non-controversial bills. This week, the legislature will meet Tuesday through Thursday before taking a week off for spring break. They will come back in session April 3 and finish the second half of the 2012 regular session.

The League is continuing to work on the public deposits legislation in preparation for hearings that are tentatively scheduled for the week following the Alabama State GAC (April 4-5). Attendance and participation at the State GAC is imperative to show the Alabama Legislature that credit unions are serious about public deposits and need to have the ability to accept them. There will be a legislative panel with both of the bill sponsors and other leadership, a legislative reception, and Hike the Hill, all three of these opportunities to voice the facts and your thoughts on the public deposits legislation will help tremendously with movement of both bills. If you have not already done so, register for the State GAC in Montgomery by visiting the LSCU Education Calendar.

PAC Fundraising Update
The League’s PAC fundraising efforts have been strong during the first few months of 2012. There has been an increase in participation, with two credit unions starting payroll deductions and several credit unions expanding their payroll deduction programs to all their employees. Raising money for the PAC is not difficult. For more ways to raise PAC funds, click here to view LSCU's PAC Fundraising Guide.

To learn more about how your credit union can be involved in political and legislative success visit LSCU's PAC section on www.lscu.coop or contact LSCU Grassroots and Political Action Coordinator Blake Westbrook in Alabama at 866.231.0545 ext. 2164.

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: Special Session looming, after-session grassroots efforts underway

Florida Politics Week in Review:

The 2012 Regular Legislative Session had only been over for five days before legislators were called to return to Tallahassee for a Special Session. This time, legislators will be required to redraw the district lines for the State Senate after the Florida Supreme Court ruled that the original map was unconstitutional. The Court ruled that the Senate plan did not meet the requirements of new constitutional amendments, accusing the Senate of favoring incumbents and political parties. On Saturday, March 17, the Senate released a new plan, which would force several incumbents to face-off in primary elections on Aug. 14, 2012. The Senate redistricting committee is expected meet early this week to discuss the new map, offer amendments, and prime the legislation for a vote on the Senate floor. Once passed by the Senate, the House will also have to approve the plan before it is sent to Attorney General Pam Bondi, who will then petition the Supreme Court once again for review. The League’s Governmental Affairs (GA) team will continue to monitor the redistricting situation in order to help shape our “Get Out the Vote” activities. More information will be forthcoming.

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

Grassroots Activity
As lawmakers return home from session and special session, a lot of GA’s focus will shift to its after-session grassroots activities. One thing that the League has made a priority is more chapter involvement in the form of hosting Legislative meet-and-greets. The League continues to get commitments from chapter leaders to hold legislative events, however, it would like to see 100-percent participation. Whether you host a group of legislators at a local credit union, have an evening meet-and-greet, or a breakfast roundtable, getting our lawmakers to see the credit union difference first-hand truly makes an impact. The GA team is happy to help in the planning and execution of these events, and LSCU Grassroots & Political Action Coordinator Andy Gonzalez will be traveling to state to discuss these events.

By now, you 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 to once again focus 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, let the League know immediately.

The GA team is ready to unveil its grassroots and PAC management tool, the LSCU Action Center, which can be found by clicking here. 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. Doing so is an important step in securing legislative victories now and in the future!

Further, as this is an election year, the League will place an extra emphasis on campaign activity. The GA team will once again be sending out candidate surveys in an effort to help determine who the credit union friendly candidates are. It is expected that these surveys to go out shortly after the session ends, and that information will be used to help build the 2012 Vote Guide.

To read the complete Florida Politics Week in Review including important information on 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 ]

League hosting webinar on new DEO program geared toward increasing capital for small businesses

The League recently announced 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. To register for the webinar click here.

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: Model policies updated

The current edition of the League InfoSight newsletter notes eight new ready-to-use model policies to be adopted without credit unions having to perform research and due diligence.

Credit union operations can and do vary widely between institutions. Be sure to carefully research and develop each policy to ensure that all aspects of a credit union’s operations are reviewed and included before any policy is adopted.To find out which model policies were updated, visit League InfoSight.

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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CUNA Regulatory Advocacy Report - Week of March 19, 2012

This week, the CUNA Regulatory and Advocacy Report covers a number of stories about the quarterly report on National Credit Union Share Insurance Fund (NCUSIF), a reminder about CFPB seeking nominations for Consumer Advisory Board, CUNA joining with eight other major trade associations to file an amicus brief in interchange fee litigation, and more.

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.

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Compliance calendar and training

April 2012

  • April 1: Preferred Lender Arrangement Report Due - Higher Education Opportunity Act (HEOA)
  • April 1: Debit Card Interchange Rule Change

        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
        NEW: LSCU audio podcast on cloud computing with Brian Sommer

        LSCU Communications Coordinator Joseph Davis recently spoke with Members Development Company Senior Advisor Brian Sommer about cloud-based technology and what it means for credit unions. Sommer discussed the evolution of cloud technology, the role it's beginning to take within the credit union industry, as well as benefits and drawbacks of implementing cloud solutions.

        To listen to the latest LSCU audio podcast on cloud computing, click here. [ Return to Top ]

        Cooperative Initiatives News
        Biz Kid$ DVD box sets available from NCUF

        Box sets of the first four seasons of Biz Kid$ are now available from the National Credit Union Foundation (NCUF). Biz Kid$ is the Emmy Award winning, and credit union funded, public television series that teaches kids about money management and entrepreneurship.

        “Leveraging Biz Kid$ is a great way for credit unions to teach financial literacy concepts in a fun and engaging way in their community,” said Danielle Brown, who is the National Credit Union Foundation’s national coordinator for Biz Kid$. “With these new box sets, credit unions now have a wealth of episodes on a wide variety of topics at their disposal.”

        Each Biz Kid$ box set includes DVDs for each episode and a CD containing PDFs of the corresponding curriculum for each episode.  Late last year, NCUF also made available Biz Kid$ starter kits to supporters, which contains core DVDs and materials to teach Biz Kid$. 

        Each box set or starter kit is now available for a donation of $60 to the NCUF. Credit unions, leagues and foundations can purchase box sets or starter kits to:

        • Donate to teachers/libraries/resource centers in each school of the districts in which they serve.
        • Give to after-school programs, summer camps, Boys & Girls Clubs, children’s hospitals, daycare facilities, and similar organizations.
        • Use to show Biz Kid$ in credit union branch lobbies.

        For more information on getting Biz Kid$ box sets or starter kits, click here.  [ Return to Top ]

        Education News
        One week left to register for ALM Essentials & Implementation Training in Orlando, Miami

        Don’t miss the ALM Essentials & Implementation Training workshops available in Orlando, FL on March 27-28 and Miami, FL on March 29-30.

        CFE FCU, Orlando (Lake Mary), FL
        ALM Essentials Workshop - Tuesday, March 27, 2012

        ALM Implementation Workshop - Wednesday, March 28, 2012

        PriorityONE CU of Florida, Sunrise, FL
        ALM Essentials Workshop – Thursday, March 29, 2012
        ALM Implementation Workshop – Friday, March 30, 2012

        For more information or to register, visit the LSCU Events Calendar.
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        LSCU Council meeting coming up on April 3, register today!

        The LSCU 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 (includes continental breakfast and lunch)

        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 ]

        2012 LSCU Disaster Preparedness Workshops next month

        The LSCU 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.

        Disaster Preparedness Workshop – Miami, FL
        Tuesday, April 24, 2012 – 9 a.m. to 4 p.m. EST

        Disaster Preparedness Workshop – Montgomery, AL
        Thursday, April 26, 2012 - 9 a.m. to 4 p.m. CST

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

        Registration fee: $199/person.

        For more information or to register contact LSCU Associational Services Support Specialist Becki Payne at 866.231.0545 ext. 2129 or visit the LSCU Events Calendar.

        [ Return to Top ]

        Education Calendar

        Upcoming Events:

        Tuesday, March 20
        Developing a Risk Mitigation Strategy: Where Do I Spend My Next Security Dollar?
        3 to 4 p.m. EST - Webinar

        Wednesday, March 21
        Frontline Series: Head Teller Training: Improving Teller Performance
        3 to 4 p.m. EST – Webinar

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

        LEVERAGE News
        Leverage your resources though improved performance

        Credit unions have more leverage through the cooperative efforts of industry leaders, in and outside of the credit union market space, with proven resources that help position your credit union for maximum performance and continued growth.

        As businesses grow and naturally expand into other markets, many are finding it difficult to keep track of their data across multiple office locations and cultures. This trend also creates a greater need for a central source of all employee data company-wide.

        A Human Resources Information System (HRIS) can help credit unions manage and support their company’s global system of records more effectively and efficiently. Analyzing the process in advance is important. Below are a few tips to consider when looking for an HRIS.

        • Make decisions to license or rent an HRIS based on competitive comparisons on cost, functionality, and ease-of-use to avoid surprises and/or disappointments post-implementation.
        • Plan for current functionality needs, as well as future growth potential.
        • Set realistic and achievable goals by identifying and implementing phases to grow over multiple years.

        Finding the right HRIS for your credit union allows your human resources department to get accurate staffing and procedural information at their fingertips.

        For more information on companies that LEVERAGE partners with for these services, click here or contact a Business Development Consultant. [ Return to Top ]

        News from You
        CFE FCU donates $90,000 to local school districts

        CFE presents donation to Seminole County School Board. (L to R): Davia Moss, executive director, Foundation for SCPS; Tina Calderone, Seminole County School Board chairman; Nancy Whitecavage, CFE manger public relations; Joseph A. Melbourne, Jr., CFE president/CEO; Kevin Miller, CFE SVP & general counsel; Bill Vogel, superintendent, SCPS.

        The CFE Federal Credit Union's school board donations resulted from the MyCFE4Schools debit card partnership program between CFE and the three school districts. 

        This program allows CFE members to select a custom debit card that supports the school district of their choice. When cardholders use the debit card for signature-based transactions, CFE sets aside funds in a separate account for donation to the districts based on card usage for the year. 

        “We are pleased to partner with the school districts in the MyCFE4Schools initiative to provide funding for quality education,” said Joseph A. Melbourne, Jr., CFE President and CEO. 

        Since inception of the program in August 2009, CFE has donated a total of $166,500.  [ 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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