LSCU eSignal Weekly
LSCU eNews Weekly July 23, 2012
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LSCU eNews Weekly
In This Issue
President's Point
Perfecting our communications with credit unions
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: Special session rumors, GOP leaders talk savings
This week in Florida politics: Report shows jobless rate drop, Crist back in 'the game?'
News from the Hill: Meetings in D.C., 2012 'Hike the Hill'
Compliance Corner
CUNA Regulatory Advocacy Report - Week of July 23, 2012
League InfoSight highlight: 5300 Call Report EEO Reporting Requirements
Compliance calendar and training
Cooperative Initiatives News
NCUA to hold FREE Small Credit Union Initiatives Workshop
Credit Union Philosophy in Action Workshop set for Oct. 15-16
Education News
Check out the speaker/topic lineup for LSCU Councils in October
Time running out to register for Supervisory Committee Conference, SCUMA Annual Conference
Education Calendar
LEVERAGE News
Earn income by leveraging your relationships
Leverage your industry knowledge, get most out of repossessed vehicles
News from You
Tampa Chapter to hold 'Credit Union Member Night' alongside Rays baseball
EMPLOYMENT
View available credit union jobs
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President's Point

Perfecting our communications with credit unions

One of the more difficult tasks at the LSCU & Affiliates is finding the right amount of communications with credit unions. I can tell you that this is something we talk about a lot internally. We try to not take up more of your time than necessary. In this column, I want to give you a little more insight into our communications with you and the reason, at times, we send so much information.

Our members’ survey suggests we have a good level of communicating with you. In 2011, 100 percent of those surveyed agreed that the League keeps them well informed while 81 percent feel League communications are just right. However, I know that at times it can feel like we’re sending a lot of emails during any given week.

First and foremost we want to be your information source and that’s why we send most of the emails. We coordinate internally on our email content and try to double up when possible instead of sending three in one day or three over two days. Many of the emails also ask for you to work with us on an issue such as an Action Alert, to meet with regulators, or to go more in-depth on a piece of legislation or a new regulation. I know that many of you read the trades and some of the information may seem redundant, but not all of our credit unions have time to stay up on all of the issues.

When we send communications inviting you to join us at the State GACs, CUNA GAC, or Hike the Hill, we know you all can’t go. However, taking part in an Action Alert or attending a chapter legislator night is just as important. By communicating these opportunities to you, it allows you to pick and choose the events that work for you. We love to have a full office on our legislative visits, but by having a large number of communications with our legislators on an issue, it is very effective, as well. By communicating these opportunities, it allows the credit union to pick what it is most comfortable with.

Earlier this year we began having quarterly League Update webinars as well as a quarterly video update from the CEO. The webinar lasts less than an hour and gives credit unions an update on what the League has been working on. It gives credit unions an opportunity to ask questions and to also offer feedback on ways we can work closer together and be a more effective trade association for our member credit unions - you can get more information about the next webinar on Aug. 1 by clicking here. The CEOs quarterly video goes more in-depth on just a few issues that are of highest importance. 

I know that our communications can get better and be more streamlined. We’re working on that. One of our projects this year is to identify more credit union staff members for our various distribution lists. This will cut down on the number of CEO-only emails that are sent. Whenever you receive an email that should go to another member of your staff, always get in touch with us, or have them get in touch with us, and we will update our lists. Your time is valuable and I hope you know that we try to be very conscious of that before we send out any communication. 

Please email me with any comments. [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

Cheney asks Congress to stop listening to banks
In a blog post on Huffington Post, CUNA President/CEO Bill Cheney wrote that many lawmakers continue to listen to banks on the member business lending (MBL) issue. Cheney wonders why legislators listen to "an industry that offers roadblocks, rather than solutions, to getting our economy back on track?" Cheney ends the post by asking once again for support to raise the MBL cap. Click here to read more. 

LSCU mid-year report
The League & Affiliates sent a mid-year report to credit unions late last week. The three-page documents looks at some of the things the LSCU has accomplished for and with credit unions through the first seven months of the year. Credit unions interested in seeing the document can download it here.

Credit union assessments on NCUA board agenda
The NCUA will hold its monthly open meeting on Tuesday July 24. On the agenda is a discussion about the 2012 Temporary Corporate Stabilization Fund Assessment. The NCUA has said for the past seven months that the assessment will most likely be in the 8-11 basis points range. CUNA wrote a letter to the board leading up to the meeting asking that the assessment be on the lower end. Read the full letter here and access the board meeting agenda here.

CU House second quarter newsletter available
The second-quarter newsletter for 2012 highlights events hosted at Credit Union House over the past few months, as well as the current list of contributors through June 30. To view the newsletter, click here.

Community CU of the Year Award deadline is Aug. 6
CUNA will award the Community Credit Union of the Year Award to outstanding community credit unions that serve as positive role models in the field of service and exemplify the principles of the credit union movement. For more information, click here.

  [ Return to Top ]

Governmental Affairs News
This week in Alabama politics: Special session rumors, GOP leaders talk savings

Special Session Rumors
There have been rumors for weeks that a possible Special Legislative Session will be called during the month of August. While most have discarded the rumors as just that, two Democratic leaders in the legislature issued a news release asking Gov. Robert Bentley to postpone any special session due to the costs involved.

House Minority Leader Craig Ford (D-Gadsden) and Senate Minority Leader Roger Bedford (D-Russellville) said that the governor plans to call a session in August to help drum up support for the constitutional amendment vote in September. The constitutional amendment allows a transfer of money from the oil and gas trust fund to the state’s struggling General Fund. Gov. Bentley’s staff quickly responded, saying the governor has no plans for a special session.

Republican Leaders Talk Savings
Gov. Bentley, Lt. Gov. Kay Ivey, House Speaker Mike Hubbard and Senate President Pro Tem Del Marsh recently held a news conference saying that GOP policies and legislative initiatives have saved Alabama $674.4 million currently as well as into the future. They also said that they are looking at additional cost saving measures for the 2013 Legislative Session with the hopes of saving $1 billion by 2014.

Follow the GA team legislative updates on Twitter and Facebook.

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

This week in Florida politics: Report shows jobless rate drop, Crist back in 'the game?'

Economic Report Shows Jobless Rate Drop Due to Shrinking Workforce
An economic overview of the state released last week by the Legislature’s Office of Economic and Demographic research shows that 69 percent of the drop in the unemployment rate since last December is due to workers leaving the workforce. The report shows that Florida’s jobless rate for May is 8.6 percent, down from December’s 9.9 percent. If the size of the workforce had held level, however, the unemployment rate would be much higher. Jobless rates figures for June will be released this Friday.

Is Charlie Crist Back In “The Game?”
Charlie Crist, the former Republican (then Independent) governor, continues to keep his name in the news, leaving many to speculate that he is moving closer to joining the Democratic Party to run against Gov. Rick Scott. Last Week, Crist penned an op-ed in the Washington Post bashing Gov. Scott’s non-citizen voter purge. Ironically, the seeds of the purge began under former Secretary of State Kurt Browning who was originally appointed by Crist. He cites that the law signed by Gov. Scott was rejected by a federal judge, yet he fails to mention that the non-citizen voter purge has received favorable mention by that same judge. This should be an extremely interesting story to watch as the election nears.

LSCU Election Activity
With the election season well upon us, the League is continuing its campaign involvement. While political giving is a big part of that process, volunteering on campaigns and showing credit union-friendly candidates that they are appreciated is an even bigger part of it. In the coming weeks, be on the lookout for information from LSCU Grassroots and Political Action Coordinator Andy Gonzalez on campaign events such as meet-and-greets, walks, fundraisers, etc. If you are interested in hosting a candidate at your credit union, or would like to include candidate information in an upcoming statement to your members, let the League know so it can work with you to ensure all that information is gathered in a timely fashion. Remember, if credit unions don’t get involved, credit unions don’t count!

To read the complete Florida Politics Week in Review including important information on the LSCU Action Center, Project Zip Code, and PAC fundraising, click here.

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

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

News from the Hill: Meetings in D.C., 2012 'Hike the Hill'

News from the Hill Update

Floor Schedule
The Senate convenes Monday to consider the nomination of Michael Shipp to be a U.S. District Court Judge. The Senate is expected to move later in the week to consider legislation extending certain tax cuts and extensions that expire at the end of the year. It is also possible that the Senate will consider cyber-security legislation; however, no firm legislative agenda has been released. This week the House will consider the “Congressional Replacement of President Obama’s Energy-Restricting and Job-Limiting Offshore Drilling Plan” (H.R. 6082) and the “Regulatory Freeze for Jobs Act of 2012” (H.R. 4078).

Meetings in D.C.
Members of the LSCU Governmental Affairs team will be in Washington, D.C. this week to hold meetings with lawmakers to discuss the issues important to credit unions and answer any questions they or their staff may have. This is another example of your League being more aggressive in its lobbying approach to ensure that you are receiving the best representation at the federal and state levels.

LSCU 2012 “Hike the Hill”
The League's annual "Hike the Hill" to Washington is coming up on Sept. 12-13, 2012. Like last year, to help coordinate visits with those credit unions that will be attending the National Association of Federal Credit Unions (NAFCU) Congressional Caucus, we have made the decision to hold our Fall Hill visits during the same time. To find out more or to register, download the Hike the Hill Memo and Registration Form. To take a look at the agenda, click here. The cut-off date for the room block is Aug. 12, so make your reservations early, and let us know whether you plan to attend as soon as possible so all arrangements can be made.

To read the complete News from the Hill update including the complete committee schedule, click here.

If you have any questions regarding the News from the Hill Update, contact LSCU VP, Governmental Affairs Jared Ross at 866.231.0545, ext. 1012 or LSCU Director, Governmental Affairs Jason Cochran at ext. 2159. [ Return to Top ]

Compliance Corner
CUNA Regulatory Advocacy Report - Week of July 23, 2012

This week's edition of the CUNA Regulatory Advocacy Report covers issues such as: CUNA urges NCUA to exercise restraint at July meeting, CFPB posts its Semi-annual Regulatory Agenda, GAO study on Servicemembers Civil Relief Act (SCRA) compliance, and more.

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

League InfoSight highlight: 5300 Call Report EEO Reporting Requirements
On or before Sept. 30 of each year, the Equal Employment Opportunity Commission (EEOC) requires employers with 100 or more employees or federal contractors who have 50 or more employees and a federal contract in an amount exceeding $50,000 to file an EEO-1.

The EEO-1 is an annual survey required under Title VII of the Civil Rights Act of 1964 which identifies the racial and ethnic workforce composite. 

To find out more about the 5300 Call Report EEO Requirements, visit League InfoSight.

The current issues of the InfoSight eNewsletter for Alabama and Florida are now available on the InfoSight homepage in the left-hand column. Members must login to the League website 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

August 2012

    • August 13: BSA/AML requirements for non-bank residential mortgage lenders (CUSOs)

    September 2012

    • September 3: Labor Day - Federal Holiday
    • September 30: Interest Rate Risk Policy and Program Requirement 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
    NCUA to hold FREE Small Credit Union Initiatives Workshop

    The NCUA is holding a FREE workshop on Thursday, Aug. 16, at 7:45 a.m. to 4 p.m. CST at the Sheraton Nashville Downtown Hotel. If you would like more information on the meeting or a ride from the LSCU Birmingham office, contact LSCU Director, Member Relations Adena Whitman at 866.231.0545, ext. 2134 (space is limited, so please contact as soon as possible).

    Click here to view the workshop agenda.

    Financial assistance to attend the NCUA training session is available to credit unions under $10 million, credit unions chartered fewer than 10 years, or low-income designated. Send an email to apply. [ Return to Top ]

    Credit Union Philosophy in Action Workshop set for Oct. 15-16

    The League will present a Credit Union Philosophy in Action Workshop on Oct. 15-16 at CFE Credit Union in Lake Mary, Fla. Modeled after the National Credit Union Foundation’s (NCUF) very successful Credit Union Development Education (CUDE) program, the workshop will provide participants with a historical perspective on credit unions and cooperatives while focusing on how to implement the seven cooperative principles of credit unions in their day-to-day work activities.

    The day and a half workshop will be led by Lois Kitsch, national program manager for the NCUF, and development education facilitator for the NCUF’s CUDE program, and Larry Blanchard, senior vice president and Washington representative for CUNA Mutual.

    While the CUDE program is an intensive, week-long program, the October Philosophy in Action Workshop will offer a similar experience in a compressed format. According to Lois Kitsch, CUDE training provides participants with critical lessons in cooperative principles and credit union philosophy while incorporating challenges credit unions face today.

    Registration for the two-day workshop is $189, and attendees can register by visiting the LSCU Events Calendar.

    Where:
    CFE Credit Union
    1000 Primera Boulevard
    Lake Mary, Florida
    (407) 896-9411

    For additional information, or to register for the Credit Union Philosophy in Action Workshop, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545, ext. 2181. [ Return to Top ]

    Education News
    Check out the speaker/topic lineup for LSCU Councils in October

    Mark your calendars to join your peers for the 2012 LSCU / Florida CUES Council meeting, October 3, being held in conjunction with Northeast FL Chapter Golf Tournament and Florida CUES Meeting, October 4-5.

    Council session topics/speakers include:

    • CFO: Strategic Considerations for Credit Unions: Navigating the Economic Regulatory Maelstorm – Bob Shibla, Raddon Financial Group

    • HR/Training and Development: Laws of Social Networks in the Workplace – Elizabeth Oakes, Landrum Professional Employer Services

    • Marketing & Business Development: What’s Next? Emerging Trends in Social Media – Ryan Cohn, What’s Next Marketing

    • Lending: P to the Power of 8 – Patrick Adams, St. Louis Community Credit Union

    • Operations, Sales & Service: Change the culture of your credit union by creating a new strategy in how you deliver financial services to your members and make sales and service a priority – Judy Walz, VyStar Credit Union

    • Technology: Payments Innovation through Technology – Suzanne Savage, Savage Consulting Group

    More information, including session descriptions and registration details, will be available soon on the LSCU website's online events calendar. Questions? Contact LSCU Associational Services Support Specialist Becki Payne.

    Sponsored by:


     

      [ Return to Top ]

    Time running out to register for Supervisory Committee Conference, SCUMA Annual Conference

    LSCU Supervisory Committee Conference

    This year’s LSCU Supervisory Committee Conference is scheduled for Aug. 5 - 8, at the Hilton Sandestin Beach Golf Resort & Spa. The agenda includes the latest information and updates regarding credit union auditing, compliance, and fraud. With a wide variety of speakers and topics, you’ll improve 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 at 866.231.0545, ext. 2172.

    2012 Southeast Credit Union Management Association Annual Conference

    The 2012 SCUMA Annual Conference held on Aug. 22-24,  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 866.231.0545, ext. 2110 or SCUMA President Mark Johnson at 205.654.2370. [ Return to Top ]

    Education Calendar

    Upcoming Events:

    Tuesday, July 24
    Rule Review & Understanding Loan Documents for the New Mortgage Lender
    3 to 4:30 p.m. EST - webinar

    Wednesday, July 25
    Bank Secrecy Act Training
    Tuscaloosa, AL
    Morning Session - 10 a.m. to 12:30 p.m. EST
    Afternoon Session - 2 p.m. to 4:30 p.m.

    Thursday, July 26
    Credit Reporting Risks: From Direct Disputes to Discharged Debts
    3 to 4:30 p.m. EST - Webinar

    To view the complete LSCU Events Calendar, click here.

    [ Return to Top ]

    LEVERAGE News
    Earn income by leveraging your relationships

    LEVERAGE, through its partnership with Invest in America, offers the Sprint Member Discount Program that provides credit unions with non-interest income through marketing initiatives while at the same time providing members with valuable discounts.
     
    "The Sprint program has been extremely turn-key for us,” said Pen Air FCU's VP, Marketing Patty Veal. “I was surprised by the number of members that signed up and took advantage of the discount and even more surprised when we received our incentive check! We love the program!” Pen Air earned more than $32,000 for its marketing efforts of the program.
     
    With the Sprint Program, not only do credit unions gain non-interest income, but members save 10 percent off their monthly recurring charges on their Sprint account.
     
    “Integrating the program was simple,” said Redstone FCU Assistant VP, Corporate & Community Relations Mary Grace Evans. “We offer several discount program opportunities to our members, so the program fit well within our existing processes. The Sprint brand brought instant name recognition and savings to our members. This has been a win-win for us and the members we serve!”
     
    To learn more about this program, contact a LEVERAGE Business Development Consultant. To preview a case study, click here.

    [ Return to Top ]

    Leverage your industry knowledge, get most out of repossessed vehicles

    Credit unions have more leverage through the cooperation of industry leaders that help streamline processes with identifying best practices that provide peace-of-mind that your credit union is accomplishing more with less effort.

    Determining the best place to sell a vehicle, marketing that vehicle, or prepping it for sale can be a strain on credit union resources. LEVERAGE, through its partnership with Remarketing by GE, is offering credit unions a behind-the-scenes look at an auto auction. At the live auction, participants will gain perspective on how marketing, lane positioning, and proper pricing have a big impact on the entire liquidation process.

    Auctions are currently being scheduled in Huntsville, Pensacola, Orlando, and Fort Lauderdale, where you can be a guest and learn more about how valuable a partnership with Remarketing by GE can be to your credit union.  To attend one of the live auction events, contact a LEVERAGE Business Development Consultant.

    [ Return to Top ]

    News from You
    Tampa Chapter to hold 'Credit Union Member Night' alongside Rays baseball

    Join the Tampa Chapter of Credit Unions on Saturday, Aug. 4, for the inaugural "Credit Union Member Night" at the Tampa Bay Rays baseball game.

    This is the first chapter membership outing in recent memory, and it strives to showcase the cooperative spirit of credit unions. Proceeds from ticket sales will fund the newly revised scholarship award program. All LSCU member credit unions and their members are encouraged to participate.

    There are two ticket options:

    • $12 for Upper Level Reserved Seating
    • $20 for Outfield Lower Level Reserved Seating

    To purchase tickets designated for Credit Union Night, click here. The code to get seats in the chapter's assigned areas is “RAYSCU.” For purchases of 20 tickets or more, call 727.825.3362 or send an email. The deadline to purchase tickets is Wednesday, Aug. 1.

    The game is Saturday, Aug. 4, and is sure to be a fun-filled credit union membership event as the Tampa Bay Rays take on the Baltimore Orioles. First pitch is set for 7:10 p.m. Stadium doors open at 5:10 p.m., the Tampa Chapter hopes to see you there.

    [ 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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