LSCU eSignal Weekly
LSCU eNews Weekly May 21, 2012
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LSCU eNews Weekly
In This Issue
President's Point
LSCU AC&E offers total credit union experience
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: End of 2012 Legislative Session, more on budgets
This week in Florida politics: FL foreclosures different than national rate, former Rep. enters race
Compliance Corner
League InfoSight highlight: Bank Bribery Act
CUNA Regulatory Advocacy Report - Week of May 21, 2012
Compliance calendar and training
Cooperative Initiatives News
Biz Kid$ receives three Emmy nominations
LSCU AC&E News
AC&E Governmental Affairs Luncheon with Rep. Bill Posey
Still time to donate to AC&E Silent Auction
Spots still available for golf in Saturday's tournament to benefit CMN!
Education News
Register for the Alabama & Florida CUES/LSCU Council meeting at the LSCU AC&E
Education Calendar
LEVERAGE News
Credit unions should leverage mobile channel
News from You
JetStream FCU sponsors 2012 Operation SAFEE Flight event with FAA
EMPLOYMENT
View available credit union jobs
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President's Point

LSCU AC&E offers total credit union experience

The 3rd LSCU Annual Convention and Exposition (AC&E) is now less than one month away. It’s coming up June 13-16 at the JW Marriott in Orlando. Our registration numbers are quickly climbing. We are ahead of where we were last year at this time and the hotel is just about sold out. If you still need a room, make your reservation at the JW Marriott as soon as you can. If you have any problems securing a room, contact LSCU Director, Conferences Julianne Talley.

Our Birmingham and Tallahassee offices are filling up quickly with boxes that will be trucked down to Orlando. We are excited for you to experience our theme, “The Power of One: One Vision, One Voice.” The collaborative nature of credit unions will be on display. You will see what we have done together over the past two years since consolidation and what we can accomplish in the future if we work together.

For those of you who have been to the annual meeting, either in Alabama or Florida, many times, we have some fun, new things in store for you. We have broken our 20 educational breakout sessions into tracks. We put together suggested sessions for CEOs, credit union executives, and directors. You don’t have to utilize the tracks, but it’s a good way to get the most out of the AC&E based on your role at your credit union.

We have two separate ticketed luncheon events this year. A fundraising luncheon is being held for Rep. Bill Posey (R-FL) on Thursday.  Rep. Bill Posey is a member of the House Financial Services Committee and he has been a solid supporter of credit unions on a host of issues. This event is a great opportunity to let Rep. Posey know how much we appreciate his support on MBL legislation, Exam Fairness, Supplemental Capital, and many other issues. On Thursday, a Global Women’s Leadership luncheon will be held. This is a new event to the AC&E schedule. It's an opportunity for networking with influential female leaders in the credit union movement in Alabama and Florida. Florida Central CEO Laida Garcia will host the lunch and three speakers will make it a valuable lunch to attend. Also, you don’t have to be a woman to attend!

This year we moved the AC&E golf tournament to Saturday morning on June 16. This was done to allow for more educational opportunities that would not otherwise conflict with the outing. It also allows us to wrap up the conference in a casual fashion, network and not feel rushed to get back to the next event at the AC&E. Golf should conclude early enough that you can catch a flight or drive back home Saturday afternoon. Better yet, you can stay another night and enjoy the beautiful JW Marriott property. Proceeds from the golf tournament benefit the Children’s Miracle Network. Plus, the tournament is played on the Ritz Carlton Golf Course which will be the site of this year’s PGA Tour Father/Son Challenge. For many of us, this is a rare opportunity to play a PGA caliber course.

You can find out much more information by “liking” our AC&E Facebook page. Over the next four weeks we will release inside information about the AC&E and how you can enhance your experience through our Facebook page. It also gives you an opportunity to interact with us and tell us about your experiences before and after the AC&E.

The Power of One is the League, its chapters, and member credit unions all working together for the betterment of our industry. This AC&E will be the most interactive convention we’ve ever had. I hope to see you in Orlando June 13-16.

I welcome your thoughts and feedback. [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

Three to join LSCU board
The LSCU board will welcome three new members following the June board meeting at the AC&E. Tampa-area Florida Customs FCU Manager/Treasurer Leianne Harden and Tallahassee-based Tallahassee FCU CEO Steven Nazaruk won the open Class A seats (2,000 members of less) in Florida. Mobile-based Blue Flame CU CEO Jeanette Keller was unopposed for the Class A seat in Alabama. Email LSCU President/CEO Patrick La Pine with any questions. 

Stearns lends name to Exam Fairness bill
Florida Rep. Cliff Stearns (R) is the latest to sign on as a co-sponsor to HR 3461, the Financial Institutions Examination Fairness and Reform Act. The list of co-sponsors is now 172, with 18 coming from Alabama and Florida. HR 3461 would make available the information examiners use to make examination decisions. Click here to read more. 

Register for NCUA Listening Session in Orlando
Credit unions have a great opportunity to interact with the NCUA June 13 in Orlando. The NCUA is holding a series of "listening sessions" to update credit unions on the priorities of the NCUA, as well as discuss anything credit unions would like to bring up. The session is from 1-4pm at the Rosen Centre Hotel and is limited to 150. To register, click here. This is also the same day the LSCU AC&E kicks off. The Rosen is just around the corner from the JW Marriott, so credit unions can attend both. 

FL, AL unemployment rate drops again
The unemployment rate in Alabama is at its lowest rate since November 2008. The 7.2 unemployment rate was driven by new jobs in the auto industry in the state. The rate has dropped for nine straight quarters. Read more in the Montgomery Advertiser. The Florida unemployment rate dropped to 8.7 percent for April. This is the lowest mark since January 2009. The state has added 52,000 jobs since April 2011. Read the full news release by clicking here.

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Governmental Affairs News
This week in Alabama politics: End of 2012 Legislative Session, more on budgets

Alabama Legislative Update

Final Day
As mentioned last week, there were two pieces of legislation of credit union interest that were in position to pass out of the Senate on the final day of the 2012 Regular Session of the Alabama Legislature. The first piece of legislation, HB 213 by Rep. Dexter Grimsley (D-Newville), adds credit union language to the code exempting financial institutions from obtaining a used motor vehicle dealer registration. Credit unions are already currently exempt using other language, but this shores up any doubt, or if there was ever a challenge to our exemption. HB 213 was passed by the Senate late Wednesday evening and is expected to be signed by Gov. Robert Bentley.

The second piece of legislation, HB 600 by Rep. Barry Moore (R-Enterprise), establishes the Alabama Small Business Authority in order to help small businesses in Alabama have access to additional capital. The Authority, working under the Alabama Department of Economic and Community Affairs (ADECA), will streamline existing programs available to small businesses and provides for further state investment in the future. This bill was amended in the Senate Banking & Insurance Committee to include a representative from the credit union industry on the Authority. This bill also passed the Senate late Wednesday night, but was unable to reach the House for concurrence before they adjourned. Unfortunately this legislation must be brought back next year since the House and Senate passed different versions. The League will be working with leadership and the sponsor so that a representative from the credit union industry is included for 2013.

Budgets
Much of the final day centered on the Education Trust Fund Budget (ETF) and the General Fund Budget. There was a lot of concern that the General Fund would not be worked out and that the legislature would be brought back at a later date in order to pass the General Fund. However, a deal was struck and both Houses gave final passage to a General Fund Budget as close to midnight as possible. It is expected that Gov. Bentley will sign both budgets, but just in case he doesn’t, they have be introduced again during the special session that is going on now.

To read the complete update for This Week in Alabama Politics including information on the 2012 Special Session, click here.

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: FL foreclosures different than national rate, former Rep. enters race

Florida Politics Week in Review

Florida Foreclosures Rise While National Rate Drops
Foreclosure activity nationwide fell nearly 14 percent in April, but Florida’s foreclosure epidemic remains strong, posting a 26-percent increase over the same month last year, according to a report released Thursday by RealtyTrac, a California-based company that tracks distressed properties. Overall, Florida had one foreclosure filing for every 364 housing units, the third-highest rate in the country. But while Florida’s rate is increasing, the two states with higher rates, California and Nevada, posted declining foreclosures for the month. The report puts the blame on the judicial foreclosure process, which Florida has, and the other two states do not. The League’s Governmental Affairs (GA) team has been working with the legislature to promote an alternative to the burdensome judicial foreclosure process, including pursuing an optional non-judicial foreclosure process. To read the entire report by RealtyTrac, click here.

Former Representative Dave Weldon Enters Senate Race
Amid much speculation that he would enter the GOP Primary for U.S. Senate, former Rep. Dave Weldon has made it official. On Friday, Weldon announced he would join the crowded field of Republicans seeking to unseat incumbent Sen. Bill Nelson (D-FL). Weldon’s entrance in the race comes as Rep. Connie Mack (R-FL) is solidifying his spot as the GOP frontrunner, having received the endorsement this week of presumptive Republican presidential nominee Mitt Romney. With the primary just under three months away, Weldon will have a lot of catching up to do if he is to defeat Mack, but his campaign spokesman Hogan Gildey told the Associated Press on Friday that Weldon will be stumping the state immediately.

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

Don't forget to follow developing news and legislation updates from GA on Twitter

For questions regarding this update or credit union legislation in Florida, contact LSCU, Director Legislative Affairs Jared Ross at 866.231.0545, ext. 1012. [ Return to Top ]

Compliance Corner
League InfoSight highlight: Bank Bribery Act

In 1987, the National Credit Union Administration established guidelines to assist financial institution officials in complying with the Bank Bribery Amendments Act of 1985. These guidelines were released in an Interpretive Ruling and Policy Statement (IRPS) Number 87-1, and continue in effect today.

The Bank Bribery Act (BBA) is a federal law that encourages federally insured financial institutions to adopt code of conduct/written policy requirements that describe the prohibitions of the Bank Bribery Act. The BBA applies to all credit unions with accounts insured by the National Credit Union Share Insurance Fund (NCUSIF).

To find out more about the Bank Bribery Act, visit League InfoSight.

The current issues of the InfoSight eNewsletter for Alabama and Florida are now available. 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, click on the InfoSight tab.

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CUNA Regulatory Advocacy Report - Week of May 21, 2012

View the most recent edition of the CUNA Regulatory Advocacy Report, which covers important issues such as: CUNA raises range of concerns with NCUA on key issues, CFPB updates CUNA on pending issues, hearing on Dodd-Frank regulations on systematically important nonbank financial institutions, and more.

To read the latest CUNA Regulatory Advocacy Report, click here.

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Compliance calendar and training

May 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 ]

          Cooperative Initiatives News
          Biz Kid$ receives three Emmy nominations

          Biz Kid$ has received Daytime Emmy nominations in three categories, including Outstanding Children’s Series, Single Camera Editing, and Sound Editing from the National Academy of Television Arts & Sciences. Awards will be given on June 17, 2012 in Los Angeles. Biz Kid$ is the credit union funded public television series that teaches kids about money management and entrepreneurship.

          Biz Kid$ has now received 10 Emmy nominations in the last four years, including winning once in 2009. This is the first time it has been nominated for Outstanding Children’s Series.  

          In addition, Biz Kid$ also received its first-ever Parent’s Choice Silver Award, recently. Established in 1978, Parents’ Choice Foundation is the nation’s oldest nonprofit consumer guide to quality children’s media. As a Parents’ Choice Award winner, Biz Kid$ is a member of a very select group. Fewer than 20 percent of the products submitted to the Parents’ Choice Awards program receive any level of commendation. Parents’ Choice serves as an independent source for educators and librarians, journalists, as well as families searching for quality children’s media and toys.

          Click here for more information on Biz Kid$ and the Emmy nominations. [ Return to Top ]

          LSCU AC&E News
          AC&E Governmental Affairs Luncheon with Rep. Bill Posey

          This year’s luncheon at the AC&E will feature a small-dollar fundraiser for Rep. Bill Posey (R-FL). Rep. Posey has been a strong advocate for credit unions ever since his time in the Florida Legislature. This friendship has continued through his tenure in the U.S. Congress, as he is currently a co-sponsor of several key pieces of legislation that would benefit credit unions. Posey, a co-sponsor on Member Business Lending (H.R. 1418), Exam Fairness (H.R. 3461), Supplemental Capital (H.R. 3993), and ATM Disclosure (H.R. 4367) legislation has gone above and beyond to help credit unions, not just in Florida, but nationwide. The League is excited to have Rep. Posey as its honored guest at this year’s Governmental Affairs Luncheon.

          The luncheon is scheduled for June 14 in Mediterranean Rooms 6-7 on the main level of the JW Marriott Orlando Grand Lakes from noon to 1:30 p.m. Tickets to the luncheon are $100 and will benefit Rep. Posey’s re-election campaign. As this is a fundraiser for a federal candidate, the League is unable to collect checks or credit card contributions. If you are unable to attend the AC&E but would like to attend the luncheon, you may simply attend the luncheon only. If you can't make it to either the AC&E or the luncheon, but would like to donate to Rep. Posey's campaign, you can do so as well.

          By making a contribution to the campaign, you will be automatically registered to attend the luncheon. In order to do so online, click here. This is a unique link for the LSCU Governmental Affairs Luncheon. By contributing through this link, you will automatically be registered for the luncheon. Tickets may also be purchased by filling out the Governmental Affairs Luncheon contribution form and sending a check to the campaign address listed on the form. There will also be the option of purchasing tickets at the door the day of the luncheon.

          For questions about the GA Luncheon, contact LSCU Director, Legislative Affairs Jared Ross at 866.231.0545 ext.1012.

          [ Return to Top ]

          Still time to donate to AC&E Silent Auction

          Once again, the League will host its Silent Auction at this year's AC&E. Like last year, the winning bids will have the option to go to LSCU Political Action Committees with every dollar being matched by LEVERAGE for Children’s Miracle Network. This is a great way to become involved in political advocacy while raising money for charity.

          Credit union donations of auction items are essential to having a successful silent auction! Some examples of popular items for auction are electronics, sporting event tickets, jewelry, sports equipment, gift baskets, sports memorabilia, and vacation/spa packages. Also, check out the AC&E Facebook page to see some of the items we've already received.

          If you have not done so already, consider making a contribution to this year’s silent auction. To donate an item, download a Silent Auction Donation Form or contact LSCU Grassroots and Political Action Coordinators Blake Westbook and Andy Gozalez at 866.231.0545, exts. 2164 and 1010, respectively. [ Return to Top ]

          Spots still available for golf in Saturday's tournament to benefit CMN!

          Stick around and play a leisurely game of golf at the Ritz Carlton Golf Course! The 2012 LSCU AC&E Golf Tournament, benefiting CMN, is now on Saturday. With all AC&E events over, participants can enjoy a relaxed game of golf at THE course where the PGA Father/Son Challenge will be played in December!

          Want to see what tournament and contest winners will receive as a prize? Check out the LSCU AC&E Facebook page.

          To register for the AC&E and the golf tournament, visit www.lscuconvention.com or, if you've already registered for the AC&E, but would like to sign up for the tournament, contact Angie Meisenheimer at 866.321.0545, ext. 1114. [ Return to Top ]

          Education News
          Register for the Alabama & Florida CUES/LSCU Council meeting at the LSCU AC&E

          The LSCU Councils, in collaboration with Alabama and Florida CUES, will be providing stimulating sessions in the CFO, HR/training & development, lending, marketing & business development, operations, sales, & service, and technology disciplines led by dynamic speakers at the 2012 LSCU Annual Convention & Exposition.

          The registration fee, $195/person, ALSO includes the Compliance Forum that begins at 9:30 a.m. should you wish to attend the forum in addition to the sessions listed below!

          Individual Council Sessions:

          CFO: Credit Unions Are Increasing the Use of Alternative Delivery Channels to Meet Member Demands: What You Need to Also Look at for Required Investments to Maintain Profitability,

          HR/Training & Development: The Bleeding Edge & the Leading Edge: Using Innovation to Move Your Credit Union Ahead of the Curve

          Lending: Finding & Maximizing Loan Opportunities

          Marketing & Business Development: Organic Marketing:  Good Purpose, Good Will and Good Ideas

          Operations, Sales & Service: Member Loyalty: Guaranteed – How to Out-Smart, Out- Market, Out-Serve, Out-Sell, & Flat Out-Do What Your Competitors Can’t

          Technology:  Creating Exceptional Member & Employee Experiences through Seamless Data Integration

          Click the links above to view descriptions of individual council sessions and other pertinent information or click here to download a flyer. Questions? Contact Lisa Hammock, 866.231.0545, ext. 1146. [ Return to Top ]

          Education Calendar

          Upcoming Events:

          Tuesday, May 22
          Member Credit Report Disputes: Completing ACDVs, AUDs, & Correcting Joint Members' Credit
          3 to 4:30 p.m. EST -  Webinar

          Wednesday, May 23
          Required Compliance Series: Regulatory Compliance for Lenders
          3 to 4:30 p.m. EST - Webinar

          Wednesday, May 30
          Holding Your Ground with Examiners & Regulators: The Credit Union Bill of Rights
          3 to 4:30 p.m. EST - Webinar

          To view the complete LSCU Events Calendar, click here.

            [ Return to Top ]

          LEVERAGE News
          Credit unions should leverage mobile channel

          It is estimated that mobile banking usage is likely to reach one in three mobile phone users by early 2013. Credit unions not yet utilizing the mobile channel need to begin planning today.
           
          Unsurprisingly, mobile phone adoption is highest for younger age groups: only five percent of individuals, ages 18 to 24 do not have a mobile phone, and 49 percent have an Internet-enabled smartphone. Many credit unions have realized the importance of attracting younger consumers, and mobile banking is quickly becoming a must-have to reach this segment. In the very near future however, basic mobile banking tools will be universal, and people of every generation will expect them.
           
          LEVERAGE’s partnership with CO-OP Financial Services gives credit unions access to a customizable mobile banking solution to fit the increasing demand of their members. CO-OP's low-cost, turnkey platform provides maximum flexibility by letting the credit union choose any or all three primary delivery modes for mobile banking: text (SMS), web, and downloadable apps for smartphones, including iPhone and Android devices.

          For more information on CO-OP and to see how you can begin leveraging the mobile channel, contact a Business Development Consultant. [ Return to Top ]

          News from You
          JetStream FCU sponsors 2012 Operation SAFEE Flight event with FAA

          This year marks the first that JetStream FCU has sponsored the SAFEE Flight event. SAFEE is a nonprofit organization that focuses on exposing middle and high school students to the world of aviation careers. More than 2,000 Miami-Dade County students attended the event. Due to the combined efforts of the Federal Aviation Administration (FAA), National Air Traffic Controller Association, and the Miami-Dade County Aviation Department, the two-day event was extremely successful.  

          Various dignitaries including JetStream Federal Credit Union President/CEO Jeanne Kucey, participated in the ribbon cutting ceremony. “It’s very rewarding to participate in an event that educates local students and encourages them to consider careers in our South Florida aviation community,” stated Kucey.

          [ 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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