LSCU eSignal Weekly
LSCU eNews Weekly May 29, 2012
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LSCU eNews Weekly
In This Issue
President's Point
Invest in relationship with the NCUA
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: Special session wraps up with redistricting
This week in Florida politics: Sen. Storms won't run again setting up scramble for seat
AC&E Governmental Affairs luncheon to feature Rep. Posey
Washington Update: House is in while the Senate is in a state work period
CU24 donates to "leave behind" project for the Republican National Convention
Compliance Corner
Rate Map offers member credit unions free access to interest rate information
League InfoSight highlight: SARs were up in 2011
Compliance calendar and training
Cooperative Initiatives News
NCUA Technical Grant, Low-rate Loan Applications open
LSCU AC&E News
"Young Professionals Group" brings together spirit of young CU professionals in AL and FL
Donate today for LSCU Silent Auction to benefit the PACs and CMN
AC&E guest events include offsite tours and cupcakes
Education News
Save the dates! LSCU Supervisory Committee Conference, Southeast CU Management Association Meeting coming in August
Education Calendar
LEVERAGE News
LEVERAGE in the news - ePurchasing saving credit unions money
Two ePurchasing events save credit unions on Armored Car and ATMs
News from You
Insight CU receives Trustee's Award for Insight Inspire volunteer effort
Army Aviation Center raises money for Army Emergency Relief
Tampa Chapter of Credit Unions teach at Biz Town
Alabama and Florida credit union officials receive CCUE designate
EMPLOYMENT
View available credit union jobs
In This Issue
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President's Point

Invest in relationship with the NCUA

Bring up NCUA examinations with a group of credit union officials and you are sure to start an interesting conversation. Everyone has an opinion on the federal regulator and its ever expanding supervisory role of federal and state chartered credit unions. For the past two years, the League has worked to improve the line of communications with the NCUA. I talk and meet regularly with Region III Director Herb Yolles. We make sure he attends many of our conferences, like next month’s Annual Convention and Exposition (AC&E), along with our Alabama and Florida state regulators. It’s important that the League and credit unions have an open dialogue with NCUA officials at every level if we want to improve the regulatory environment for credit unions.

At last week’s NCUA board meeting, the agency made some positive changes for credit unions. The board improved the regulatory and reporting treatment for troubled debt restructurings (TDRs). This is an area that CUNA, along with the state leagues, has been urging the NCUA to address. The final rule excludes the proposed requirement that federally insured credit unions (FICUs) adopt aggregate limits in their loan workout and non-accrual policies tied to net worth. The board also eliminated, in a sense, the RegFlex program. It placed the authorities under the program into the various rules that have applied to RegFlex activities. It also makes changes to related rules designed to ease some compliance burdens on federal credit unions (FCUs). The board issued a 60-day comment period on an interim final rule to remove references to RegFlex in setting the permissible deductible for fidelity bond coverage, which was omitted from the RegFlex rulemaking. You can read a more complete analysis of the board meeting by clicking here

The soundness of the National Credit Union Share Insurance Fund (NCUSIF) was addressed at the meeting. The Fund has an equity ratio of 1.32 percent. It is on target to be at 1.3 percent at the end of the year. If that prediction holds true, the NCUA thinks it’s unlikely that an insurance premium will be necessary for next year. That is certainly good news for credit unions.

A great opportunity is just around the corner for credit unions to speak directly with NCUA board members and other senior staff.  The NCUA has a “listening session” scheduled for June 13 in Orlando. The session will be on the front end of our AC&E. The host hotel for the “listening session” is right around the corner from the JW Marriot so you can attend the “listening session” and not miss much, if any of the AC&E. Registration is free and is open to the first 150 attendees, so make your reservations today.  These listening tours are being held around the country. They are designed to allow credit unions to bring examination issues and other concerns directly to senior NCUA officials. At some of the other “listening sessions,” there was very good conversation between credit unions and the NCUA’s senior staff. Larry Fazio, director, Office of Examination and Insurance, said after the Virginia meeting earlier this month that it pays for credit unions to invest in a relationship with their regulator. In the Virginia meeting, several issues, like the proposed 25-percent participation loan cap, which would limit credit unions to investing 25 percent of their net worth in one participation loan originator, would be modified by the NCUA because credit unions spoke loudly about the issue.

If you don’t attend the “listening session” on June 13 or the regulator roundtable at the AC&E on June 14, then how will federal and state regulators know how you feel about proposed regulations or current exam practices?
 
I welcome your thoughts and feedback. [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

Tallahassee-Leon's Brown testifies in Washington D.C.
Tallahassee-Leon CEO Lisa Brown testified on behalf of CUNA and credit unions at a hearing held by the Consumer Financial Protection Bureau at the U.S. Treasury. Brown told the panel, meeting about small businesses, that there are currently 130 rules from 15 agencies that credit unions have to comply with and they become burdensome when they are re-written and each agency has a differing opinion. Click here to read a full summary of Brown's testimony.

CUNA meets with NCUA's Fryzel
CUNA recently met with NCUA board member Mike Fryzel to talk about regulatory relief for credit unions. Fryzel told CUNA that there are no new regulations on the horizon outside of those already proposed. CUNA President/CEO Bill Cheney told Fryzel that proposals for loan participation and CUSOs is "regulatory overkill." Fryzel says credit unions need to interact with NCUA to offer regulatory relief ideas. Click here to read more on the visit. 

LEVERAGE partners with Vining Sparks
LEVERAGE, the LSCU Service Corporation, recently partnered with Vining Sparks to offer credit unions another investment opportunity. Vining Sparks has more than 30 years of experience specializing in providing asset/liability, bond accounting, and investment products to financial institutions. Click here to learn more or visit the CU Times for more on the partnership.

Southeast Corporate members approve merger
Members of Southeast Corporate FCU voted overwhelmingly to approve the merger with Corporate One of Columbus, OH. The members voted 146-2 for the merger. Southeast is still raising the $75 million in capitalization money needed for the merger. If you have questions about the merger, contact your Southeast Corporate Field Rep or a LEVERAGE Business Development Consultant.

LSCU Compensation Survey open
The LSCU 2012 Compensation survey is open for credit unions. The survey is comprehensive and looks at the salary, benefits and compensation for employees of credit unions of all assets sizes. The survey comes with a PDF version to download and fill out first to make the survey quicker. For every credit union that completes the survey, a complimentary PDF copy will be emailed in September. An email has been sent to CEOs and some credit union HR professionals. If your credit union did not receive the survey link, contact LSCU Human Resources Manager Jason Neifield at 866.231.0545 ext. 1142.

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Governmental Affairs News
This week in Alabama politics: Special session wraps up with redistricting

Special Session

The Alabama Legislature wrapped up the special session on redistricting on Thursday, May 24 and the official plans to redraw the Senate House districts for Alabama will be on their way to the Department of Justice soon. The special session lasted one day longer than expected due to some disgruntled Senate members having the redistricting legislation read at length. These senators were not happy with how their districts were drawn and were determined to take as much time as possible in order to get that message across to the leadership. The House ran much more smoothly and spent most of the session waiting on the Senate. In the end, the plans presented by the House and Senate leadership were approved by both Houses and, unless the Department of Justice changes them, will be in effect for the 2014 election.

Legislators at Home

With the regular session and special session complete, legislators have now returned home to their districts.  This is an important time for credit union officials to build and maintain relationships with your elected officials at home. Contacts made at the State GAC and the relationships that LSCU Government Affairs Staff have with State Senate and House members are crucial to getting the credit union message across, but so is your ability to have personal contacts and relationships “back home.”  During the offseason, the League will be contacting many of you to host a legislator at your credit union for a tour, go to lunch with a senator, or have your credit union chapter host a legislative night for all elected officials in your area.

During the fight for public deposits, the League saw the areas where it needs to improve and it begins with these “home” relationships.  If credit union officials have additional ideas or input on ways to cultivate in district relationships, contact LSCU Director of Legislative Affairs Jason Cochran at 866.231.0545 ext. 2159.

Legislative Activity Sheet

During the next week, be prepared for a comprehensive legislative activity sheet that will be emailed to each of you. The sheet includes a list of every piece of legislation that the LSCU Government Affairs Staff worked on during the legislative session, a summary of the legislation, and its outcome. The League hopes that it will be beneficial to each of you.

Follow the GA team updates on Twitter throughout the session by clicking here.

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

This week in Florida politics: Sen. Storms won't run again setting up scramble for seat

Sen. Ronda Storms Won’t Run for Re-election

Sen. Ronda Storms (R-Brandon) decided not to run for re-election to the Florida Senate and instead will try to unseat embattled Hillsborough County Property Appraiser Rob Turner. Sen. Storms had two years left before she would be term limited out of the Senate, but a recent pornography scandal involving Turner has prompted Sen. Storms to attempt to oust her fellow Republican. Sen. Storms told the AP she feels, “as a Republican I have a responsibility to make sure that he has an opportunity to be held accountable to the Republican voters.” Turner is alleged to have sent pornography to an underling in the Hillsborough County Property Appraisers office. To read more about the scandal, click here. Sen. Storms’ door was always open to credit unions and her presence in the Senate will be missed.

Storms’ Announcement Sets Electoral Dominoes in Motion

With Sen. Storms' announcement, the political dominoes began to fall immediately. Within hours of Sen. Storms’ declaration, former Senate President Tom Lee (R-Brandon) made the announcement he would once again run for the Senate. Lee is best remembered as the man who implemented the lobbying gift ban. Also announcing for the seat is current state Rep. Rachel Burgin (R-Riverview). Rep. Burgin, a longtime supporter of credit unions, made her decision official in a written statement. Lee and Burgin are officially in, there’s speculation that others may join the now interesting District 24 primary. State Rep. Shawn Harrison (R-Temple Terrace) told the Tampa Bay Times he is considering it but that he won’t “make any hasty decision.”

Grassroots Activity

As the League prepares for the 2012 election and also for the 2013 Legislative Session, grassroots continues to be a major priority for the League and the GA team will be rolling out its Grassroots and PAC Management tool very shortly. The LSCU Action Center will make responding to action alerts as simple as 1-2-3. League staff received a comprehensive training on the software last week and is in the process of setting up a webinar for all users to show the best ways to utilize the Action Center. In order to use the action center's grassroots functions, 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!

We also strongly encourage our credit unions to update their Project Zip Code (PZC) numbers. PZC is a software program created by CUNA to match credit union members to their legislative districts at both the federal and state levels. With new districts being created as a result of the 2010 census, it is more important than ever for credit unions to participate in PZC. CUNA recently hosted a webinar on how to use PZC. An archived version of the webinar is available by going here.

Additionally, the when the League sent out its 2012 LSCU PLAN to Win earlier this year, there was a form to send back who your political contact was at your credit union. If you have not yet sent back that form, please do so as soon as possible to ensure your credit union is as active as it can be. If you do not have the form, email LSCU Grassroots and Political Coordinator Andy Gonzalez to inform him of your political contact’s name, email address, phone number, and title.

PAC Fundraising

Political Action Committee (PAC) fundraising efforts are in full swing, and the League has had success this quarter, it is more important than ever to keep the momentum going forward in order to meet and surpass 2012 goals. Andy Gonzalez continues to make visits to help member credit unions advance their fundraising efforts. The 2012 Fundraising Guide, along with your 2012 CUPAC and FEDPAC goals was sent out in January on a compact disc, however, if you need another copy; please do not hesitate to let us know.

Special thanks go out to those credit unions that have started and continue the payroll deduction program in 2012 in Florida. More credit unions are signing up each week, and even more are asking for Andy Gonzalez to give a presentation on what payroll deduction can mean to your credit union. The Payroll deduction program is designed to be a simple and convenient way for credit union employees to contribute to the LSCU FEDPAC.

For questions about the LSCU Action Center, grassroots activities, or PAC fundraising, contact Andy Gonzalez at 866.231.0545, ext. 1010.

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 ]

AC&E Governmental Affairs luncheon to feature Rep. Posey

The Governmental Affairs luncheon during June's Annual Convention and Exposition (AC&E) will feature a small-dollar fundraiser for Rep. Bill Posey (R-FL). Rep. Posey has been a strong advocate for credit unions 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 ]

Washington Update: House is in while the Senate is in a state work period
Normally, Congress is in recess during the week of Memorial Day, but this year the House is in session while the Senate is on its state work period. 

The House comes back Wednesday to consider bills under suspension of the Rules. Among the bills expected to be considered is the Senate amendment to H.R. 5740, the National Flood Insurance Program (NFIP) Extension Act. This legislation will provide for a 60-day extension of the NFIP. The Senate is expected to consider a long-term extension of the NFIP when it returns in June.

Later this week, the House is expected to consider the Intelligence Authorization Act, the Military Construction and Veterans Affairs Appropriations bill for fiscal year 2013. It's also possible that the House will consider the Energy and Water appropriations bill and a motion to instruct conferees on the transportation bill.

There are only a couple of notable committee meetings. On Thursday, the House Financial Services Committee will hold a full committee markup of H.R.1588, the "Consumer Rental Purchase Agreement Act" and H.R.3128, to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to adjust the date on which consolidated assets are determined for purposes of exempting certain instruments of smaller institutions from capital deductions.

On Friday, the House Financial Services Committee Subcommittee on Capital Markets and Government Sponsored Enterprises will hold a hearing on "Cyber Threats to Capital Markets and Corporate Accounts.

For questions on federal legislation, contact LSCU Directors of Legislative Affairs Jared Ross at 866.231.0545 ext. 1012 or Jason Cochran at ext. 2159.


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CU24 donates to "leave behind" project for the Republican National Convention

CU24 EVP, Administration Mansel Guerry presents LSCU Chief-of-Staff Cassandra Grayson a donation for the "leave behind" service project located at the All Children's Hospital in St. Petersburg in honor of the Republican National Conference .

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Compliance Corner
Rate Map offers member credit unions free access to interest rate information

In coordination with League InfoSight and RateWatch, the LSCU is excited to bring member credit unions a powerful tool to help stay competitive with interest rates on their products.

The Rate Map mapping tool provides credit unions with a visible way to monitor key interest rates for a selection of the most commonly offered deposit and loan rates across the country. As a value of affiliation, the LSCU is offering access to Rate Map free to all member credit unions. 

"The League feels it's important to purchase Rate Map for our credit unions in Alabama and Florida. We know loan volumes continue to be low in most areas. Rate Map will provide a way for credit unions to monitor interest rates in their area and remain competitive with their interest rate products," said LSCU President/CEO Patrick La Pine. 

Credit unions can access RateWatch’s national database of more than 90,000 branches for deposit data and more than 40,000 branches for loan data to increase their competitive advantage, improve decisions on what products to offer and how to price them, and advance your revenue and profit goals. Rate Map offers the ability to search interest rates by by address, zip code, or city and state, while also having the ability to filter by institution type, product type, and rate.

To access Rate Map, credit unions can visit the League InfoSight page on the LSCU website. A webinar will be held June 5 at 3 p.m. EST/2 p.m. CST to walk credit unions through Rate Map and all of its features. An announcement about the webinar will be emailed this week. For questions, contact LSCU VP, Regulatory Affairs Bill Berg at 866.231.0545 ext. 1028. [ Return to Top ]

League InfoSight highlight: SARs were up in 2011

The number of suspicious activity reports (SARs) filed by institutions that claim the NCUA as their primary regulator increased by 6 percent in 2011. This continues a trend that has seen SARs filed by credit unions increase every year since 1998, the Financial Crimes Enforcement Network (FinCEN) reported.

According to The SAR Activity Review—By the Numbers, FinCEN reported the total number of SARs filed by credit unions and other financial institutions increased by 13.5 percent in 2011, with mortgage fraud and check fraud continuing to rank as the most common criminal offenses. 

To find out more about the SARs numbers and to see a report, 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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Compliance calendar and training

May 2012

  • May 30, Electronic Filing of BSA Reports Required
  • May 30, Reports of Foreign Banks and Financial Accounts (FBARs) are Due

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

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

          [ Return to Top ]

          Cooperative Initiatives News
          NCUA Technical Grant, Low-rate Loan Applications open

          NCUA Board Chairman Debbie Matz recently released that there is $1.3 million available for grants and $11 million for lending for low-income designate credit unions. The NCUA produced a video to help more credit unions access these funds. The video highlights how the program works and the new, streamlined application process.

          "All of NCUA’s work to improve our grant and loan programs reflects the agency’s strong commitment to help low-income credit unions thrive,” said Chairman Matz. “I’ve said many times that low-income credit unions are extremely important to their communities. They fill a crucial role by providing needed access to financial products and services for individuals of modest means. These grants and loans are designed to provide vital assistance to low-income credit unions so they will be available to serve their members for many years to come.”

          The NCUA’s Office of Small Credit Union Initiatives administers the fund and the grant application process. Grants go up to $25,000 with an application deadline of June 29. The NCUA has prioritized grants for:

          • Financial literacy and education in school branches
          • New product and service development
          • Staff, official, and board member training
          • Student and job creation internships
          • Volunteer Income Tax Assistance

          To view the video that explains the grant and lending process, visit the NCUA’s official YouTube channel. For more information about the low-income designate grants, visit the NCUA's website, which also includes grant guidelines.
            [ Return to Top ]

          LSCU AC&E News
          "Young Professionals Group" brings together spirit of young CU professionals in AL and FL

          The LSCU Young Professionals Group (YPG) invites young professionals to be heard as it meets in Orlando on June 13 to discuss the future and structure of the group. We want your voice, your opinions and your input as this group of future credit union leaders chart their paths, learn and explore together, and make the connections to move their careers forward.

          This first meeting is10 a.m. on Wednesday, June 13 at the JW Marriott Grande Lakes in Orlando (in conjunction with the AC&E) and will finish by 5:30p.m.

          For the registration price of $195, the LSCU provides a networking session with speaker, lunch, access to any of the LSCU Council meetings, and a structural meeting which will enable the beginning of the structuring of the group.

          Register by faxing (205.437.2234) or emailing  this form to LSCU Director, Member Relations Adena Whitman. Register online by going to www.lscuconvention.com. Click CU Attendees and log in to the website. When it asks to select your registration, click "events only," then select  "Young Prof./Coop. Trust/CRASHERS."   [ Return to Top ]

          Donate today for LSCU Silent Auction to benefit the PACs and CMN

          The League is still accepting donations for the Silent Auction that will be held during the 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, the League Service Corporation, for Children’s Miracle Network.

          This is a great way to become involved in political advocacy while raising money for charity.  Credit Unions donating items is 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.

          Check out the LSCU Facebook page for a sneak peek at some of the items already donated. If you have not done so already, please consider making a contribution to this year’s silent auction. Contact LSCU Grassroots and Political Action Coordinator Blake Westbrook at 866.231.0545 ext. 2164 with any questions. 

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          AC&E guest events include offsite tours and cupcakes

          The Charles Hosmer Morse Museum of American Art in Winter Park

          Guests will enjoy The Charles Hosmer Morse Museum of American Art which recently came in at number eight on the “Best Things to Do in Orlando” listing compiled by U.S. News & World Report. “If you love 19th and 20th century American art — and the work of stained-glass guru Louis Comfort Tiffany in particular — you’re in for a rare treat at this Winter Park venue,” the magazine’s editors wrote. Following this, guests will enjoy lunch at Hannibal’s on Park Ave.

          Orange County Regional History Center

          Set in the historic 1927 Orange County Courthouse, the new downtown Orange County Regional History Center will inspire your guests to take a dynamic, interactive journey through Central Florida’s rich heritage.  This state-of-the-art venue, located in the “Heart of the Community,” brings history to life through audio and video presentations, hands-on exhibits, motion sensitive figures and costumed docents who tell the story that spans from 12,000 years ago through tomorrow.

          Interactive Baking Class for Guests: Cupcake Masters

          Ever wonder how we make those beautiful swirls, flowers, or monograms? It’s easier than you think, and now you can learn how at the JW Marriott! Join our talented pastry chefs to learn decorating techniques as well as the basics (measuring and prepping your ingredients), and the nuances (scraping a real vanilla bean) of our cakes and icing recipes.

          Recipes will include: red velvet cupcakes, cream cheese icing, devil chocolate cupcakes, chocolate ganache, carrot cake cupcakes, mascarpone icing, vanilla cupcakes, butter cream, coconut cupcakes, and coconut whipped cream.

          If you have already registered for the AC&E but would like to add one of these events, contact the LSCU accounting department to request a change at 866.231.0545. Changes will not be recognized by the registration system.


           

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          Education News
          Save the dates! LSCU Supervisory Committee Conference, Southeast CU Management Association Meeting coming in August

          Supervisory Committee Conference - August 5-8:

          This year’s LSCU Supervisory Committee Conference is scheduled for August 5 - 8, at the Hilton Sandestin Beach Golf Resort & Spa.

          The conference agenda will include the latest information and updates regarding credit union auditing, compliance, and fraud. With a wide variety of speakers and topics, you’ll better your knowledge to help keep your credit union secure and strong. 

          Check the LSCU Supervisory Committee Conference webpage for updates on topics and speakers.The agenda, location, and pricing are all available there as well. Registration for the conference and hotel accommodations are available now. Questions? Contact LSCU Event Coordinator Brandy Norvell.

          2012 Southeast Credit Union Management Association Annual Meeting - August 22 - 24

          The 2012 SCUMA Annual Meeting is designed to allow attendees to network in an informal setting with peers and management team members while attending sessions with up-to-date topics currently happening in our environment, find out what other credit unions are providing that might be a fit in your credit union.

          Visit the SCUMA Annual Meeting event page for more details. Questions? Contact LSCU Director, Events Teresa Gray at 205.437.2110 or SCUMA President Mark Johnson at 205.654.2370.

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          Education Calendar

          Upcoming Events:

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

          Tuesday, June 5
          Implementing the final rule on Interest Rate risk
          3 to 4:30 p.m. EST - Webinar

          June 8-12
          SE Regional CUNA Management School
          Athens, GA 

          To view the complete LSCU Events Calendar, click here.

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          LEVERAGE News
          LEVERAGE in the news - ePurchasing saving credit unions money

          The amazing savings that credit unions experience through LEVERAGE's ePurchasing program was highlighted in the most recent edition of the CU Journal. The reporter talked with Buckeye Community FCU and Innovations FCU after both saved 40- and 50-percent respectively on new contracts. 

          The article points out how ePurchasing works, including the due dilligence that LEVERAGE provides which dramatically reduces the amount of time and resources for credit unions. Since the rollout of the program, ePurchasing has saved credit unions $1.6 million and its growing every month.  

          To read the full CU Journal article, visit the LEVERAGE in the News webpage. To learn more about ePurchasing, contact a LEVERAGE Business Development Consultant

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          Two ePurchasing events save credit unions on Armored Car and ATMs

          One of the biggest statements a LEVERAGE Business Consultant gets when talking about ePurchasing is that the credit union does a good job of negotiating its contracts. While this can be true, the ePurchasing process takes the work out of the credit unions hand, saving them time and money. Plus, the vendors bid for the credit unions business during a reverse auction.

          In the most recent ePurchasing event for Armored Car services, 11 credit unions took part, with seven being new to the process. The savings was anywhere from 11 percent to more than 80 percent. In actual dollars that's anywhere from $1,000 on a new contract to more than $10,000 on a new contract. An ATM event was also held for two credit unions, the highest savings was more 23 percent or about $6,300.

           If your credit union would like to begin saving on new contracts, contact a LEVERAGE Business Development Consultant. 


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          News from You
          Insight CU receives Trustee's Award for Insight Inspire volunteer effort

          (l to r): L. McCoy, branch manager; T. Perodin, regional manager; C. Afrifa, branch manager; Del Burfitt, chairman, Taste of Oviedo; Corydon G. Skeates, JD, president/CEO, Oviedo-Winter Springs Regional Chamber of Commerce.

          The Trustee's Award is presented to the sponsor who demonstrates superior community spirit and support of chamber initiatives.  
           
          Insight Credit Union, based in Orlando, not only sponsored the Taste of Oviedo event with a financial donation, but reached out by offering support through Insight Inspire, the credit union’s staff volunteer program. Insight Inspire provided employees who donated their personal time for set-up, tear-down, and throughout the entire event day. Inspire volunteers worked in the children’s play area, in the ticket booths, at food sales and any other area where they were needed. [ Return to Top ]

          Army Aviation Center raises money for Army Emergency Relief
          Army Aviation Center FCU, based in Daleville, AL, hosted its 22nd Annual Golf Tournament to benefit Fort Rucker’s Army Emergency Relief (AER) Fund campaign. Over 120 golfers supported the event.  AER is the Army’s own emergency financial assistance program dedicated to helping active and retired soldiers when there is a vital need. Fort Rucker’s AER campaign raised $111,818 and will provide loans and grants to soldiers, retirees, family members and survivors.

          AACFCU donated $15,000 from this year’s golf tournament to help support the campaign. AACFCU also received a grant from Armed Forces Financial Network (AFFN) of $1,500 which was included in the $15,000 donation.


          (COL James Muskopf, left, Garrison Commander of Fort Rucker, accepts a check from Lisa Hales, vice president of marketing, AACFCU)

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          Tampa Chapter of Credit Unions teach at Biz Town
          Recently, 18 credit union volunteers from four Tampa Chapter credit unions helped fifth graders from Oak Grove Elementary School bring the “economics of life to life” for a day at Junior Achievement BizTown. Each volunteer was trained and placed in a business with three to eight students to supervise as the students operate their business for the day.

          Each student selects a position within their business to hold such as CEO, CFO, Mayor, etc. On the day of the event they bring with them a checkbook register, checks and a lot of excitement to run their business. The staff at Junior Achievement were appreciative of the credit union volunteers sharing their expert knowledge, experience and time with young students.

            [ Return to Top ]

          Alabama and Florida credit union officials receive CCUE designate

          Certified Credit Union Executive (CCUE) designations were awarded to 89 individuals from 18 different states, including 12 from Alabama and Florida. The total nationwide number of CCUEs is now up to 3,109.

          Since 1975, CCUE has been the hallmark of professional credit union achievement. Designed for managers and those aspiring to credit union leadership, the program teaches advanced credit union management and operations techniques. CUNA has also aligned the CCUE designation with CUNA Management School. Students now earn the designation upon graduation from the school.

          The new CCUEs from Alabama and Florida are:

          Alabama
          Mark B. Mink, CCUE, APCO ECU
          Alan L. Russell, CCUE, APCO ECU

          Florida
          Annette Boyd, CCUE, CFE FCU
          Laura A. Cappelli, CCUE, Community Credit Union of Florida
          Linda H. Fales, BSACS, CCUE, Suncoast Schools FCU
          Julie C. Hunter, CCUE, Suncoast Schools FCU
          Tracey Maples, CCUE, Suncoast Schools FCU
          Jessica Maria Martines, CCUE, Suncoast Schools FCU
          Mary Ellen Schuck, CUCE, BSACS, CCUE, City County CU
          Mary Vaglica, CCUE, Tampa Postal FCU
          Joanna Velez, CCUE, Suncoast Schools FCU
          David E. Wysokowski, CCUE, CFE FCU

          In addition, another eleven received a special designate, including Suncoast Schools' David Gonzalez who picked up a double specialty designate. They are as follow:

          Certified Compliance Specialist
          David Gonzalez, CCUE, CFSP, Suncoast Schools FCU, FL
          Terri G. Haight, CCUE, CFSP, Suncoast Schools FCU, FL

          Certified Lending Specialist
          Robyn P. Coleman, Suncoast Schools FCU, FL
          David Gonzalez, CCUE, CFSP, Suncoast Schools FCU, FL
          Jessica Maria Martines, CCUE, Suncoast Schools FCU, FL
          Kimberly Erin Russell, Suncoast Schools FCU, FL
          Stephen D. Shepler, CCUE, Suncoast Schools FCU, FL
          Laura J. Simmons, Suncoast Schools FCU, FL
          Stephen Michael Whitener, Suncoast Schools FCU, FL

          Certified Human Resource Specialist
          Janette McElwain, CCUE, Suncoast Schools FCU, FL
          Rebecca Moore, Suncoast Schools FCU, FL

          Certified Marketing Specialist
          Gerovani Blackshear, JM Associates FCU, FL

          For more information about the CUNA Certified Executive Program (CEP), visit training.cuna.org or call 800.356.9655, ext. 4961. [ Return to Top ]

          EMPLOYMENT
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          To view the available jobs on the LSCU homepage, visit the LSCU CU Jobs Center. [ Return to Top ]

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