LSCU eSignal Weekly
LSCU eNews Weekly June 4, 2012
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LSCU eNews Weekly
In This Issue
President's Point
Alabama and Florida see major growth in first quarter
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: Gov. Bentley signs motor vehicle dealer bill
This week in Florida politics: Mad dash to qualify for seats in upcoming election
AC&E Governmental Affairs luncheon to feature Rep. Posey
Washington Update: House to look at the health care cost reduction bill this week
Compliance Corner
Rate Map webinar on June 5
CUNA Regulatory Advocacy Report - Week of June 4, 2012
League InfoSight highlight: CUNA contacting IRS on tax revocations
Compliance calendar and training
Cooperative Initiatives News
Join "leave behind" project today
Young credit unions professionals to meet at LSCU AC&E
LSCU AC&E News
Don't miss out on the AC&E...still time to register!
Play golf, network and raise money for CMN
Silent auction still accepting donations
Education News
BSA Training in Tuscaloosa - July 25
SCUMA Annual Meeting speakers include Harrington, Bender
Education Calendar
Communications News
Second quarter issue of Signal Magazine now available online
LEVERAGE News
Leverage your ATM network access
Visit the Office Depot booth at AC&E and you could see Tony Stewart
Credit unions save more than $500,000
News from You
Corporate America CU members raise funds for Children’s Miracle Network Hospitals
Alabama Teachers CU sponsors 2012 Relay for Life of Etowah County
EMPLOYMENT
View available credit union jobs
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President's Point

Alabama and Florida see major growth in first quarter

The credit union industry had some big news last week, the first quarter Call Report data was released and credit unions surpassed the trillion dollar mark in total assets for the first time. Membership is also on a torrid pace. Credit unions added 667,000 new members in the first quarter. To put this in better perspective, credit unions have gained over a million new members in the last two quarters. In recent years it has taken over four quarters to gain a million. Obviously these are very good numbers for credit unions and shows that the backlash against the big banks is continuing to have consumers looking for a consumer-friendly alternative.

The first-quarter numbers for Alabama and Florida credit unions is just as strong as the national numbers. Alabama credit unions have topped the $17 billion mark in total assets for the first time. This represents a nearly five-percent growth in assets and just over a half-percent better than the national credit union average for the same period.  Since 2007, Alabama credit unions have added $5.4 billion in total assets. Florida credit union asset growth also spiked, gaining $2 billion in assets in the first quarter to top the $45 billion mark. This is a four-and-a-half-percent gain as well which is above the national credit union average. This follows an upward trend for Florida since 2009. It certainly is good news considering the state of the economy and unemployment numbers in Florida over the last four years. You have to feel encouraged about 2012 when you look at these growth numbers.   

For membership, Alabama credit unions added 19,107 new members in the first quarter. This is the highest quarterly jump in quite some time. Alabama credit unions have now added 38,000 new members in the past three quarters. The bulk coming this quarter and the third quarter of 2011 during the LSCU Cooperative Image Campaign and right before the bank fees and Bank Transfer Day took hold. Alabama’s membership growth is exceeding the national credit union average. In Florida, the membership numbers have been very strong for three quarters now. In the first quarter, Florida credit unions added 47,760 new members. Florida has now gained 110,000 new members in the past three quarters. To give you an idea of how significant this is, in the previous four quarters from mid-2010 to June 2011, Florida credit union membership growth was flat.   

Such high asset growth compared to new membership growth tells me that more credit union members are choosing to make credit unions their preferred primary financial institution. Some scoffed at Bank Transfer Day back in November, but I think we can see that the germ of an idea has really blossomed. It takes some people a long time to change. When they get fed up, it’s still difficult to get them to move their money. The first quarter numbers show that over time more consumers are seeing the benefits of a credit union. We will send out a more complete look at the first-quarter Call Report data soon and we will also be distributing these numbers to the press. Continued support for the LSCU’s Cooperative Image Campaign will only help Alabama and Florida credits unions continue this momentum.

I’m looking forward to seeing many of you next week at the LSCU’s AC&E where we can talk more about how cooperatively we can continue this upward swing for credit unions. It's the Power of One in action. 
 
I welcome your thoughts and feedback. [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

Credit unions top $1 trillion in assets
The first-quarter Call Report data shows that credit unions have topped the $1 trillion dollar mark for the first time in the industry's history. Credit unions also added more than 660,000 new members in the first quarter. That was nearly half of all new members in 2011. The news garnered quite a bit of press coverage including an article from CNN Money

CUNA asking CFPB to exempt credit unions from rulemaking
CUNA has reached out to the Consumer Financial Protection Bureau asking that the agency considering exempting credit unions from all its rule making. CUNA points out that the CFPB has to implement 18 rules and relieve compliance burdens. The areas of focus for CUNA on the letter were remittance transfers, overdraft protection, and mortgage and mortgage-related regulations. Visit CUNA's website to read the full story.

NCUA 'listening session" June 13 in Orlando
Attend the LSCU AC&E and also take part in the NCUA's Orlando "listening session." The "listening session" will be held at the Rosen Centre hotel, which is close to the JW Marriott, site of the AC&E. The "listening session" is open to the first 150 people to sign up. It's important that you sign up today. The NCUA is looking to interact with credit unions and talk about issues. Visit the NCUA's website to sign up. 

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.

Hurricane season is here; be prepared
The NCUA is telling credit unions to hope for the best and prepare for the worst this hurricane season. The National Oceanic and Atmospheric Association believes it will be a lighter than normal hurricane season, however this is just an estimate. CUNA lists a number of details credit unions should prepare for. You can read that list by clicking here. Credit unions can contact LSCU VP, Cooperative Initiatives Laura Vann if they need help updating their disaster preparedness plan.

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Governmental Affairs News
This week in Alabama politics: Gov. Bentley signs motor vehicle dealer bill

With the 2012 Regular and Special Sessions finished, it has been relatively slow in Montgomery. Most legislators used the past two weeks to relax and unwind from time spent in the state’s capital for the past four months. For the next several months it will be relatively slow on the legislative front as legislators and interest groups alike begin preparing for 2013 legislative agendas and looking for issues that need to be addressed.

One area that LSCU has been spending time on throughout 2012 is the modernization of the State Credit Union Act. The LSCU formed a work group in late 2011 to review the state act as well as ACUA regulations. The group has met four times. They are comprised of credit unions of all asset sizes and will meet an additional two times in the coming months in order to finalize a proposal to be presented to the LSCU Government Affairs Committee. The League is excited about the results so far and are looking forward to sharing the plans for the state act for 2013 later this year.

Governor Bentley Signs Used Motor Vehicle Dealer Legislation

HB 213 by Rep Dexter Grimsley (D-Newville) added the language “credit unions” to the existing code section exempting financial institutions from having to obtain a used motor vehicle dealers license and was signed into law by Gov. Bentley last week. The governor signed the legislation and it grants credit unions extra protection under this code section. Additionally, other financial institutions were specifically named in the exemption and credit unions deserve the same treatment under the law.

PAC Update

The League has been very successful so far this year in regards to its PAC Fundraising. Several credit unions have started or expanded their payroll deduction programs. As of late June, the League had reached 30% of its Alabama Federal PAC goal. Credit unions can participate in the LSCU FEDPAC via payroll deduction, the PAC Pin Program, and by even participating in the Silent Auction at the LSCU Annual Convention & Exposition.

In regards to the state PAC, ACULAC, the main program for fundraising is the theme park consignment tickets for Six Flags, White Water, and Splash Adventure (formerly Alabama Adventure. Tickets have been sent to participating credit unions and sales are starting to increase as summer begins. Remember, it’s not too late to sign up for the consignment ticket program. To participate in any of the League’s PAC fundraising programs please contact the Alabama PAC & Grassroots Coordinator Blake Westbrook 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 Jason Cochran at 866.231.0545, ext. 2159.

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This week in Florida politics: Mad dash to qualify for seats in upcoming election

Qualifying for Elections in Florida Begins June 4

For several weeks there have been reports that candidates are debating which seat to run for, whether to remain in the Florida House or to switch and run for the Florida Senate. To this point much has been speculation, but this week candidates must make final decisions on where they plan to run for election. Candidates have from noon Monday through noon Friday to qualify for federal and state offices. The new political lines have set off a frenzy of seat and race switching and the addition of two new Congressional seats has added to this. All 27 Congressional seats and 120 State House seats are up for re-election every two years, but this year’s election also features a US Senate seat and all 40 State Senate seats. The primary election will take place on August 14.

Rep. Scott Randolph Won’t Seek Re-Election

Florida State Rep. Scott Randolph (D-Orlando), who had one term left before being term-limited, announced that he will not seek re-election in 2012. In a news release last Tuesday, Rep. Randolph said he will work with the Orange County Democratic Party this election year and is preparing to run for the Chair of the Florida Democratic Party in January 2013. Randolph has endorsed Linda Stewart as the Democratic candidate to replace him.

Federal Judge blocks Florida’s Voter Registration “purge”

Over the last week and a half, there has been a lot of political fighting about the state’s efforts to clean voter rolls of non-citizens and deceased individuals. On Thursday, U.S. District Judge Robert Hinkle ruled the League of Women Voters of Florida and other two groups challenging the provisions are likely to prevail in arguing the restrictions violate constitutional voting rights. One of the blocked provisions requires groups or individuals signing up voters to submit their registration forms to election officials within 48 hours of collecting them. The previous law allowed up to 10 days. Others impose what the judge called "burdensome record-keeping and reporting requirements." Opponents say the law was passed by the Republican-controlled legislature to suppress turnout by minorities, the elderly and the young people, groups who tend to vote Democrat. Republicans contend the law is needed in order to prevent voter fraud.

Sign Up for LSCU Action Center

The LSCU Action Center will make responding to action alerts more simple. 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. This is an important step in securing legislative victories now and in the future! All staff are encouraged to sign up for an LSCU website account and to help us in our fight to better the credit union industry.

Project Zip Code Helps Grassroots Effectiveness

The League strongly encourage 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.

The PLAN to Win is in Full Effect

Earlier this year, the League sent out their 2012 LSCU PLAN to Win, a grassroots strategy guide. This guide will help all our credit unions realize the important role they play in the Legislative and Regulatory process. Included with the Plan was a form to send back informing us who the political contact is at your credit union. If you have not yet sent back that form, please do so as soon as possible so that we can ensure your credit union is as active as they can be in our political efforts. If you do not have the form, you can send an email to LSCU Grassroots and Political Action Coordinator Andy Gonzalez and inform him of your political contact’s name, email address, phone number and title.

Political Action Committee (PAC) fundraising efforts are in full swing, and while the LSCU continues to have success this quarter, it is more important than ever to keep the momentum going in order to meet and surpass 2012 goals. Andy Gonzalez continues to make visits to help 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; contact Andy.

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 to look at the health care cost reduction bill this week

The U.S Senate and House are in session this week. The Senate is scheduled to begin consideration of the “Paycheck Fairness Act” (S. 3220). The motion to proceed to this bill is not expected to be approved, in which case the Senate is expected to move to consider other legislation, specifically the Farm Bill. Tuesday, the House is expected to continue consideration of H.R. 5325, the Energy and Water Development and Related Agencies Appropriations Act. Later in the week, the House will consider H.R. 436, the Health Care Cost Reduction Act of 2012,H.R. 5855, the Department of Homeland Security Appropriations Act, and H.R. 5882, the Legislative Branch Appropriations Act.  When the House recesses for the week, it will be out of session until the week of June 18. The Senate will be in session next week.

The League and CUNA are following several committee hearings this week. On Wednesday, the Financial Services and General Government Subcommittee of House Appropriations Committee will mark up draft legislation that would make fiscal 2013 appropriations for departments, agencies and programs under its jurisdiction, including the Department of the Treasury, the Executive Office of the President and various independent agencies. Also on Wednesday, the House Financial Services Committee will hold a hearing on the Investment Adviser Oversight Act, which would provide for the registration and oversight of national investment adviser associations. The Financial Institutions and Consumer Credit Subcommittee of House Financial Services Committee will hold an oversight hearing on the implementation of the CARD Act. The House Small Business Committee will hold a hearing on the management of the Capital Access Program by the Small Business Administration. 

In the Senate on Wednesday, the Banking, Housing and Urban Affairs Committee will hold an oversight hearing on efforts to overhaul the regulation of derivatives, focusing on the steps the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission are taking to implement provisions of the Dodd-Frank Wall Street Reform Act, and their efforts to reduce systemic risk and improve market oversight. The session also will review the $2 billion J.P. Morgan Chase trading loss, which is being investigated by the SEC and the FBI.

On Thursday, the Insurance, Housing and Community Opportunity Subcommittee of House Financial Services Committee will hold a hearing on multifamily housing programs. The Capital Markets and Government Sponsored Enterprises Subcommittee of House Financial Services Committee will hold a hearing on efforts to protect U.S. investors.

On Friday, the Ways and Means Subcommittee on Select Revenue Measures will hold a hearing on how Congress should evaluate certain tax provisions that either expired in 2011 or will expire in 2012 (also known as “tax extenders”).

If you have any questions regarding these or any legislative issues, contact Jared Ross, Director of Legislative Affairs - Florida, 866.231.0545 ext.1012 or Jason Cochran, Director of Legislative Affairs – Alabama, ext, 2159.

  [ Return to Top ]

Compliance Corner
Rate Map webinar on June 5

The LSCU is excited to offer member credit unions, In coordination with League InfoSight and RateWatch, 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. 

A webinar is set for Tuesday June 5 at 3 pm EST/2 pm CT to walk credit unions through the Rate Map features. Contact LSCU VP, Marketing and Communications Mike Bridges at 866.231.0545 ext. 1022 to RSVP. 

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. For questions, contact LSCU VP, Regulatory Affairs Bill Berg at 866.231.0545 ext. 1028. [ Return to Top ]

CUNA Regulatory Advocacy Report - Week of June 4, 2012

This week's edition of the CUNA Regulatory Advocacy Report covers issues such as: CUNA reinforces concerns on key CFPB issues, ability to repay mortgage rules delayed by CFPB, Fair Lending Examinations, and more.

Click here to read the complete edition of the CUNA Regulatory Advocacy Report. [ Return to Top ]

League InfoSight highlight: CUNA contacting IRS on tax revocations

CUNA, along with three other credit union groups, is looking to head off potential Form 990-T issues for credit unions. The potential issue arises from federal credit unions' claiming the health insurance premium tax credit. Federal credit unions are required to file Form 990-T, to claim the tax — even though, as federal credit unions, they are exempt from filing Form 990 itself.

The filing of 990 forms apparently triggers a search by the IRS computer for past Form 990 filings. If none are found for the federal credit union, an exemption revocation letter is automatically sent to the credit union. "But federal credit unions are not required to file Form 990 and should not be receiving these letters," said CUNA General Counsel Eric Richard.

The IRS last year notified several state-chartered credit unions, and some federally chartered credit unions, that they would lose their tax-exempt status after their respective regulators failed to file Form 990 tax returns on their behalf.

To find out more about the IRS tax revocations, 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.
[ Return to Top ]

Compliance calendar and training

June 2012

  • June 30 (TBD): Electronic Filing of Bank Secrecy Act (BSA) Reports Required
  • June 30: Reports of Foreign Bank and Financial Accounts (FBARs) Due
  • June 30: Troubled Debt Restructuring (TDR) - Loan Contract Modification Effective Date

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
Join "leave behind" project today

The Southeastern Credit Union Foundation (SECUF), along with CUNA and the National Journal, are in the middle of fundraising for a $300,000 therapeutic playground for All Children's Hospital in St. Petersburg. The playground is being built in honor of the Republican National Convention in Tampa this August.

Construction on the playground begins next week. A volunteer day is being held June 12 with the LSCU, credit unions and system partners working throughout the day to get construction underway. This project is a great way to show the country what credit unions are all about. They are invested in their community and do what is needed to add improvements without being mandated to do so. You can learn more about the project and how you can donate by visiting the SECUF website. The website includes a video about the project.  

Every four years, CUNA works with state leagues on a project around the Democratic and Republican National Conventions. A similar project is being built in Charlotte in honor of the Democratic National Convention. If you have questions about the project, contact SECUF Executive Director Leonard Parkhurst at 866.231.0545 ext. 1154.

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Young credit unions professionals to meet at LSCU AC&E

The LSCU Young Professionals Group (YPG) will meet during the LSCU AC&E next week. The group will meet on June 13 to discuss the future and structure of the group. This is a great opportunity for younger credit union professionals to network and set the course for the group.

This first meeting is10 a.m. on Wednesday, June 13 at the JW Marriott Grande Lakes in Orlando 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 visiting the LSCU AC&E website. 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 ]

LSCU AC&E News
Don't miss out on the AC&E...still time to register!

If  you are thinking about coming to LSCU 2012 Annual Convention & Exposition, don’t let the last minute date worry you! With record registration of attendees, there is still room for you. And, the JW Marriott Orlando Grande Lakes still has a few rooms left. 

Over the past few weeks we have highlighted many of the AC&E events, the education sessions, the golf tournament as well as several of the speakers. We have also showcased some new items this year such as: 

This is a great event and opportunity we don't want you to miss! Visit www.lscuconvention.com to view the AC&E Schedule-at-a-Glance and to register online. If you are on the fence and can’t quite decide, call LSCU Director, Conferences Julianne Talley, 866.231.0545, ext. 1148. She will assist you and answer any questions you may have.

Don't forget to check out the LSCU AC&E Facebook page for the latest AC&E news. [ Return to Top ]

Play golf, network and raise money for CMN

The 2012 LSCU AC&E Golf Tournament, benefiting the Children's Miracle Network (CMN), will be played on Saturday June 16. 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! Plus, every team gets a forecaddie to help read putts.

Also new this year, for any credit union within driving distance, you can participate in the golf outing, as well. Contact LEVERAGE VP, Product Support Keith Hopkins at 866.231.0545 ext. 1170.

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 the LSCU AC&E website or, if you've already registered for the AC&E, but would like to sign up for the tournament, contact LSCU Staff Accountant Angie Meisenheimer at 866.321.0545, ext. 1114. [ Return to Top ]

Silent auction still accepting donations

The League is still accepting donations for the Silent Auction that will be held during the AC&E next week. 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 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. If you have not done so already, please consider making a contribution to this year’s silent auction.

Contact LSCU Grassroots and Political Action Coordinators Blake Westbrook (AL) at 866.231.0545 ext. 2164 or Andy Gonzalez (FL) at ext. 1010 if you have an item or a question.  

Check out the AC&E Facebook page to see some of the items we've already received.  



    
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Education News
BSA Training in Tuscaloosa - July 25

The Bank Secrecy Act requires financial institutions to assist Federal and state agencies to detect and prevent money laundering. Specifically, the act requires financial institutions to report suspicious activity that might signify money laundering or other criminal activities.

Wednesday, July 25 (repeat sessions):
Morning: 9 a.m. - 11:30 a.m. CST
Afternoon: 1 p.m. - 3:30 p.m. CST

Registration Fee: $65/person/session

Location:
Tuscaloosa VA CU
VA Medical Center
3701 Loop Road East
Tuscaloosa,AL 35404

Click the links above or visit www.lscu.coop and click on the specific event on the Events Calendar to register online. [ Return to Top ]

SCUMA Annual Meeting speakers include Harrington, Bender

The 2012 SCUMA Annual Meeting, August 22-24 in Destin, 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.

Some of the events and speakers include:

  • Annual golf outing at the Sandestin Beach and Golf Resort
  • Annual Beer Barrel Session
  • Patrick Adams, EVP, St. Louis Community CU: Strategic View of Lending Inside a Credit Union
  • Mike Bender, founder/director, Velocity Solutions: DDA Strategies & Revenues for 2012
  • Tim Harrington, CPA: Eisenhower on Enlightened Leadership

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. [ Return to Top ]

Education Calendar

Upcoming Events:

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 

June 13
Lending:Denied Loan Requirements
3 to 4:30 p.m. EST- Webinar

To view the complete LSCU Events Calendar, click here.

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Communications News
Second quarter issue of Signal Magazine now available online

The second quarter issue of LSCU's Signal Magazine is now available online. Visit www.lscu.coop and click on the Publications section under the Communications tab to view the newest issue.

This issue includes articles such as:

  • Members & Communities: Secrets to Loan Activity Success
  • Alabama & Florida Legislator Profiles
  • Opportunities Too Great to Cut Marketing Budgets
  • The Case for Face-to-Face Learning 

Click here to view trend articles, news, advocacy and regulatory information, and issues important to Alabama and Florida credit unions. [ Return to Top ]

LEVERAGE News
Leverage your ATM network access

The need for a large network of ATM access is a necessary commodity for credit unions, and by participating in the CO-OP (a LEVERAGE partner) Surcharge Free ATM Network, members have access to more than 28,000 surcharge-free ATMs across the nation; 9,000 of which are deposit-taking. This is larger than Chase's ATM network of approximately 17,000 locations. And, additional surcharge-free networks, through CO-OP, may be available soon to expand beyond the existing 28,000.

Along with access to the already robust ATM Network, CO-OP has recently introduced ATMs with advanced functionality that are supported by the Next Generation Network. These advanced ATMs behave like a shared branching location and bring the convenience of a branch for credit union members to access their accounts, make deposits, and tranfer money.

For more information on the CO-OP program, click here. For more information on the Next Generation Network, click here. [ Return to Top ]

Visit the Office Depot booth at AC&E and you could see Tony Stewart

Visit Office Depot's booth at the LSCU AC&E and you could win two tickets to the Coke Zero 400! By visiting booth #506, Office Depot will register you for a chance to win two tickets that include:

  • VIP Experience
  • Meet & Greet with Tony Stewart
  • Pit & Garage Tour
  • Grandstand Tickets

Don't miss your chance to hang with a two-time NASCAR champion compliments of Office Depot!


  [ Return to Top ]

Credit unions save more than $500,000

By participating in a LEVERAGE ePurchasing event, powered by Ventelligence, credit unions see real savings on everyday products. In 2011, LEVERAGE conducted 14 Ventelligence ePurchasing events for more than 20 credit unions. These events included the following capital and expense items: armored car services, asphalt paving, ATM machines, ATM machine maintenance services, computer equipment, drive-up systems, janitorial services, new branch construction, security equipment, and teller cash dispensers. Numerous credit unions participated in multiple events and experienced even more savings by doing so. These events collectively saved participating credit unions more than $500,000 on existing contracted services.

The ePurchasing platform places vendors in a more competitive environment that encourages them to bid more aggressively to win a credit union’s business. These events are built to the individual credit union’s specifications, and the credit union maintains total control in determining which bids to accept.

For more information on how to get involved in an upcoming ePurchasing event and begin saving, contact a LEVERAGE Business Development Consultant. [ Return to Top ]

News from You
Corporate America CU members raise funds for Children’s Miracle Network Hospitals

Corporate America Credit Union and its member credit unions raised $2,500 for CU4Kids and Children’s Miracle Network by participating in a 'Pedometer Challenge.'

Attendees were asked to ‘step it up’ for the Children’s Miracle Network at Corporate America’s recent annual meeting celebrating 30 years of serving credit unions. “We wanted to encourage participation in a healthy activity and raise money for a wonderful program,” stated Corporate America Credit Union Education Consultant Joy Breedlove.

Over a three-day period, attendees walked the conference floors and the shores of Destin, Florida. Don Carden, CEO of Coosa Pines Federal Credit Union, logged the most steps and won a three-day stay at the Hilton Sandestin Resort.

CU4Kids Senior Director Joe Dearborn thanked Corporate America Credit Union, and believes that the pedometer challenge “is a unique fundraising idea that might be of interest to others in the credit union community.” [ Return to Top ]

Alabama Teachers CU sponsors 2012 Relay for Life of Etowah County

For its third consecutive year, Alabama Teachers Credit Union proudly sponsored and raised money for Relay for Life of Etowah County.  Relay for Life is the American Cancer Society’s signature activity and a life-changing event that brings together more than 3.5 million people to:

  • Celebrate the lives of those who have battled cancer
  • Remember loved ones lost to the disease
  • Fight back for people who have been touched by cancer

With more than $5300 raised among its five branch locations, Alabama Teachers Credit Union thanks the staff and members who volunteered their time to help raise funds throughout the year. One of Alabama Teachers Credit Union’s biggest fundraiser was the T-shirt sales. With the Relay for Life “theme” being Fairytales, Alabama Teachers Credit Union’s team was “The Princesses and The Frogs.” [ 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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