LSCU eSignal Weekly
LSCU eNews Weekly August 27, 2012
home button press room button contact us button
LSCU eNews Weekly
In This Issue
President's Point
RNC begins with an eye on Isaac
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: Hike the Hill is in September; Democrats choose Chief Justice candidate
This week in Florida politics: Hike the Hill is Sept. 12-13, early voting in the state
Compliance Corner
CUNA Regulatory Advocacy Report - Week of Aug. 27, 2012
League InfoSight highlight: CDFI foreclosure resources available
Compliance calendar and training
Cooperative Initiatives News
'Save Lives, Wear Jeans!': Miracle Jeans Day coming up Sept. 12
Education News
LSCU Leadership Development Conference features Bank Transfer Day founder
Upcoming LSCU Councils feature relevant topics for six CU disciplines
Regulatory Compliance update coming in September
McGee, Eckl recognized at SCUMA's Annual Meeting
Education Calendar
LEVERAGE News
Broward Healthcare FCU utilizes Ventelligence for full-service contract management
Maximize your leverage with repossessed vehicles
News from You
CFE awards $29,000 in scholarships to college-bound students
Alabama Telco posts good first half numbers
First Commerce CU opens Thomasville branch
Envision CU opens new Tallahassee branch
EMPLOYMENT
View available credit union jobs
In This Issue
spacer
eNews Links
Forward to a Friend
Print Version
Unsubscribe from
LSCU eSignal Weekly
Be sure to follow LSCU:
Social Networking Links
Patrick La Pine on Twitter
eNews Links
spacer
President's Point

RNC begins with an eye on Isaac

A couple of weeks ago I wrote in this column about the upcoming credit union presence at the Republican National Convention (RNC) in Tampa. The convention is here. As you read this, the LSCU’s Governmental Affairs team, along with our federal contract lobbyist John McKechnie, are in Tampa getting prepared for the week’s activities.

Monday's events have been cancelled, but most of our activities will begin on Tuesday with our biggest day coming on Wednesday. The credit union presence will be widespread around events that are put on by credit unions, as well as the Alabama and Florida delegates. The centerpiece of our trip to Tampa will be the “leave behind” ribbon cutting ceremony at All Children’s Hospital. The therapeutic playground is complete and ready for use by the patients and their families at All Children’s Hospital. We expect to see a large contingent of federal and state lawmakers for the ribbon cutting based on RSVPs. This is a great opportunity to showcase the credit union philosophy of “People Helping People” first hand.

The LSCU and CUNA, along with some other state leagues, will be hosting a credit union reception Wednesday night at GTE Financial. This will be a good opportunity to build and/or strengthen relationships. Sometimes Hill visits can be cut short because a lawmaker is called to the floor for a vote. The reception at GTE will be a good springboard for us to discuss our issues both on the state and federal level.

On Monday night, I will be attending a dinner with Florida House leadership, along with Jared Ross, LSCU VP of Governmental Affairs and LSCU Board Chair Mary Ott Wood. On Tuesday, Jason Cochran, director of governmental affairs in Alabama, will be attending an Alabama delegate breakfast and then a delegate reception that evening hosted by Alabama Lieutenant Gov. Kay Ivey. I will also be attending a Financial Services Roundtable Brunch on Tuesday with CUNA President/CEO Bill Cheney. Our staff will be utilizing the time in Tampa to meet with as many key House, Senate, and Cabinet leaders as possible.

For those of you that will not attend the RNC, we will do our best to bring it to you. The League will be putting together an RNC video; much like what we have done for the CUNA GAC, the state GACs, and the AC&E. This video will show the “leave behind” ribbon cutting and credit unions interacting with lawmakers and delegates. It’s another way to show our credit unions how we are working for them and helping to put them in front of lawmakers.

However, all of our plans could be affected in some way by Tropical Storm Isaac. The Weather Service's models continue to show a shift to the west. While Tampa will get some wind and rain, it will be much less than originally predicted. Our credit unions along the coast could see some significant rain and wind. Most tornadoes and the heaviest rain is in the right front quadrant of the storm which means that the Mobile/Pensacola areas could feel a significant impact. With this westward shift, a large portion of southern Alabama could be in the right front quadrant of a strong Tropical Storm.

The LSCU has activated its Emergency Response Plan and is prepared to assist credit unions, the NCUA, and our state regulators if there is significant damage from Isaac. Rest assured, even with the RNC in Tampa, our top priority this week is still the safety and well being of our staff and credit unions.

Send me an email if you have any comments on this column. 

  [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

Tropical Storm Isaac headed toward New Orleans
All indications are that Tropical Storm Isaac will become a hurricane in the Gulf of Mexico in the next 24 hours. It appears that Isaac is continuing to move more westward than originally thought. Western New Orleans looks like the landfall point right now. However, the coasts of Alabama and Florida will still see significant wind and rain. 

Isaac forces closures in AL and FL
Tropical Storm Isaac is causing many credit unions to close to begin the week. Pinellas FCU, based in Tampa, has closed its Pasco branch for Monday. Suncoast Schools FCU, based in Tampa, closed its branches Monday morning and re-opened at noon. Alabama CU, based in Tuscaloosa, closed its branches in Orange Beach and Gulf Shores Monday at noon to comply with a mandatory evacuation. Check the LSCU Disaster Resources and CU Status webpage for the latest credit union closures. 

Ann Romney to attend "leave behind" ribbon cutting
Ann Romney, the wife of presumed Republican presidential candidate Mitt Romney, will attend the "leave behind" ribbon cutting Wednesday Aug. 29 at 10 a.m. The ribbon cutting will officially open the $300,000 therapeutic playground at All Children's Hospital. More than 100 people, many of them state and federal lawmakers, have sent an RSVP to the event. The LSCU will send back pictures and video of the ceremony. Contact Southeastern Credit Union Foundation Director Leonard Parkhurst at 866.231.0545 ext. 1154 with any questions.

NCUA economic video available
The NCUA's monthly economic update video is now online. The August video, hosted by NCUA Chief Economist John Worth, looks at the Financial Oversight Committees 2012 annual report and the corporate assessments. View the video by visiting the NCUA's YouTube Channel.

Four new credit unions sign on to Sprint
Four new credit unions signed on last week to the Sprint Member Discount program. The new credit unions mean that more than 176,000 new credit union members have access to the Sprint credit union discounts. Credit unions are encouraged to sign on to the Sprint program. It's easy and requires to simply market the program. Contact a LEVERAGE Business Development Consultant for more information. 


[ Return to Top ]

Governmental Affairs News
This week in Alabama politics: Hike the Hill is in September; Democrats choose Chief Justice candidate

The annual LSCU "Hike the Hill" to Washington, D.C. is coming up on Sept. 12-13, 2012. The League's Hill visits will be coordinated with those credit unions that will be attending the National Association of Federal Credit Unions (NAFCU) Congressional Caucus.

You can view the memo which contains information regarding flight and hotel information, as well as the registration form for the event here. The agenda for Hike the Hill can be found by clicking here. Review the agenda carefully and notice there is a 1 p.m. meeting on Sept. 12 with the Consumer Financial Protection Bureau (CFPB). If you would like to attend this meeting, make sure your flight arrives the night before or early enough to be in attendance.

There is also a Southeastern Credit Union Foundation (SECUF) Scholarship Application for those who would like to attend but need some assistance. As is customary, THERE IS NO REGISTRATION FEE FOR THIS EVENT.

Visiting with lawmakers at home is important, but taking time to go to Washington, D.C. is viewed by lawmakers as the ultimate constituent contact. Face-to-face meetings are crucial in keeping credit unions visible before Congress and provide the opportunity to talk directly with your member of Congress about what you do for your members and how Congress affects what your credit union does.

Democratic Party chooses Chief Justice candidate
Less than a week after the Alabama Democratic Party removed Harry Lyon from the ballot as its nominee for Chief Justice of the Supreme Court, party officials have selected his replacement. On Wednesday, Jefferson County Circuit Court Judge Robert Vance was chosen to represent the party on the ballot in November. Judge Vance has been in that position since 2002. Lyon was removed for negative comments made toward Republican nominee Roy Moore and Democratic Party Chairman Mark Kennedy.

Judge Vance faces former Alabama Chief Justice Roy Moore in the General Election in November.

Rep. Elwyn Thomas resigns
On Aug. 31, Rep. Elwyn Thomas (R-Oneonta) will resign from office in order to become the head of the Alabama Manufactured Housing Commission. Gov. Robert Bentley appointed Thomas to the position last week. Thomas represents House District 34 which includes most of Blount County and part of Jefferson. He is the second member of the Alabama House of Representatives in the last month to accept a new role in the Bentley administration and leave office before their term expired. Former Rep. Blaine Galliher, chairman of the powerful Rules Committee, left office to become Bentley’s legislative director.

The primary election for the District 34 seat will take place on Oct. 23. Dec. 11 will be the date of the run-off election or General Election if no run-off is needed. If there is a run-off, the General Election will be held on Jan. 29, 2013.

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: Hike the Hill is Sept. 12-13, early voting in the state

The annual LSCU "Hike the Hill" to Washington, D.C. is coming up on Sept. 12-13, 2012. The League's Hill visits will be coordinated with those credit unions that will be attending the National Association of Federal Credit Unions (NAFCU) Congressional Caucus.

View the memo which contains information regarding flight and hotel information, as well as the registration form for the event here. The agenda for Hike the Hill can be found by clicking here. Review the agenda carefully and notice there is a 1 p.m. meeting on Sept. 12 with the Consumer Financial Protection Bureau (CFPB). If you would like to attend this meeting, make sure your flight arrives the night before or early enough to be in attendance.

There is also a Southeastern Credit Union Foundation (SECUF) Scholarship Application for those who would like to attend but need some assistance. As is customary, THERE IS NO REGISTRATION FEE FOR THIS EVENT.

Visiting with lawmakers at home is important, but taking time to go to Washington, D.C. is viewed by lawmakers as the ultimate constituent contact. Face-to-face meetings are crucial in keeping credit unions visible before Congress and provide the opportunity to talk directly with your member of Congress about what you do for your members and how Congress affects what your credit union does.

Florida seeks pre-clearance for early voting (The Florida Current)

The state of Florida late last Wednesday filed a motion with the U.S. District Court in Washington, D.C. asking it to approve a plan to provide eight days of early voting. The three judges from that court last week refused to clear the change in early-voting procedures in five Florida counties covered by the Voting Rights Act of 1965.

“We have agreement with four counties that are under pre-clearance to join in the court’s direction that they might consider pre-clearing the counties if they agree to 96 hours,”  Florida Secretary of State Ken Detzner said Thursday. “We’re hoping to get clearance with those four counties and move forward.”

The holdout is Monroe County. The supervisor of elections there says reducing the number of early-voting days may be discriminatory, but also has said he will abide by the court’s ruling. The Legislature last year cut the number of early voting days from 14 to eight. The federal appellate court did not approve the change in Collier, Hardee, Hendry, Hillsborough and Monroe, Florida’s five VRA counties. A three-judge panel ruled that reducing the number of days and hours of early voting would affect turnout by African-Americans. Detzner said he is confident that 12 hours per day of early voting for eight days will be approved by the court. 

However, Democrats are criticizing the move. Incoming House Democratic Leader Perry Thurston, D-Plantation, said he is outraged by the court filing.

“Once more, Gov. Scott is trampling on the rights of Floridians and violating the spirit of the federal Voting Rights Act,” Thurston said in a written statement. “The governor is fostering circumstances that may encourage chaos and confusion with Florida continuing to operate under two early voting standards."

Detzner said such concerns are unfounded. The change in early voting was contained in an omnibus election bill with 80 provisions.

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

Compliance Corner
CUNA Regulatory Advocacy Report - Week of Aug. 27, 2012

This week's edition of the CUNA Regulatory Advocacy Report covers issues such as: CFPB Director Cordray featured on CUNA webinar next week, short sales requirements effective Nov. 1, FASB proposal on Liquidity Risk and Interest Rate Risk Disclosures, and more.

To read the full CUNA Regulatory Advocacy Report, click here. [ Return to Top ]

League InfoSight highlight: CDFI foreclosure resources available

This week's edition of the League InfoSight newsletter features resources available from the U.S. Treasury's Community Development Financial Institution (CDFI) Fund. The CDFI has added a new Foreclosure Solutions Resource Bank to its homepage.

The webpage includes reference materials and information on foreclosure prevention training for financial institution staff. The training resources include links to e-learning courses and government-run training programs. The resources, which were compiled with the help of NeighborWorks America, will help financial institutions improve their understanding of foreclosure intervention counseling and learn how to effectively implement a counseling program in their communities.

To find out more about CDFI foreclosure resources, 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 in order to access InfoSight. After you are logged in to www.lscu.coop, click on the InfoSight tab. If you do not have access to the League website, click here to sign up.

[ Return to Top ]

Compliance calendar and training
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 on InfoSight. 

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

Cooperative Initiatives News
'Save Lives, Wear Jeans!': Miracle Jeans Day coming up Sept. 12

Credit unions across the U.S. will be participating in Children’s Miracle Network Hospitals’ “Miracle Jeans Day” on Sept. 12 and there’s still time to sign up and participate. Miracle Jeans Day is a single day, national initiative aimed at raising funds and awareness for Children's Miracle Network Hospitals across the country. The Miracle Jeans Day concept is simple. Individuals employed at participating credit unions and companies can participate in Miracle Jeans Day if they show their support for Children's Miracle Network Hospitals by wearing a Miracle Jeans Day sticker, button, or lapel pin.

You can sign up today by visiting the Miracle Jeans Day website, and download the Free Starter Kit to help you raise funds.

All donations stay in your community to support your local Children’s Miracle Network Hospital. For additional information on how your credit union can participate, contact your LSCU Member Relations Director Adena Whitman at 866.231.0545, ext. 2134 or LSCU Member Relations Specialists David LeNoir at ext. 2158, April Ales at ext. 1038, or Judy Scott at ext. 1062. [ Return to Top ]

Education News
LSCU Leadership Development Conference features Bank Transfer Day founder

The LSCU Leadership Development Conference, Nov. 7-9 in Point Clear, AL, has been re-branded to include the word "leadership." The conference is still the same great conference it has always been, but its now designed to provide the tools needed to enrich the leadership, education, achievement, and development of credit union staff and volunteers. 

The lineup of speakers is as impressive as many annual meetings. Bank Transfer Day Founder Kristen Christian will hold two education sessions on "Making Every Day Bank Transfer Day" and "Marketing to Millennials." The conference also features a Governmental Affairs luncheon with Rep. Jo Bonner (R-AL), and the keynote address will be by Ken Gronbach, a leading demographer on the shifting demographics.

Visit the Leadership Development Conference for the full schedule at a glance, the speakers, the CMN Golf Tournament, and to register. Contact LSCU Director of Conferences Julianne Talley with any questions. [ Return to Top ]

Upcoming LSCU Councils feature relevant topics for six CU disciplines

Join your peers for the 2012 LSCU Council meetings, Oct. 3, in conjunction with Northeast FL Chapter Golf Tournament and Florida CUES Council meeting. The LSCU Council meetings provide the perfect opportunity to share and learn in an environment that promotes discussion, and provides the takeaways that will take your credit union to the next level.

(Check out the session listings and speakers for all six councils here on LSCU's Facebook page.) 

Oct. 3, 2012
9:30 am – 4 pm
$195/person (includes Continental Breakfast & Lunch)
Casa Monica Hotel, St. Augustine, Florida

Make your hotel reservations today! Cut-off date for hotel reservations:  Tuesday, Sept. 11, 2012.

For session speakers and descriptions, registration, and hotel information, visit the Events Calendar on www.lscu.coop or click here.
[ Return to Top ]

Regulatory Compliance update coming in September

The LSCU is holding two Regulatory Compliance updates in September. Todd Sherpy, Founding Partner in the law firm of Sherpy & Jones, P.A., will host the full day event.

The Regulatory Compliance Update features an in-depth review and among the topics of discussion will be:

  • Common Sense and Liability Protection
  • Total Debt Restructuring – What NCUA and Credit Unions are Missing and Changes per 12 CFR 741
  • Foreign Remittance Transfer Rules
  • BSA and IRS/Treasury Changes (From Forms to Elder Abuse Reporting)
  • Review of Top 2011-2012 Compliance Concerns and Reducing Exposure to Violations
  • Fair Lending and Diversity Requirements per Dodd-Frank
  • Other Recent Compliance and Regulatory Changes

The Regulatory Compliance update will be Sept. 11 in Tallahassee and Sept. 13 in Birmingham. The registration fee is $199 per person. Click the link above for the date and location that is most convenient for you to register and see the full agenda. Contact LSCU Association Services Support Specialist Becki Payne at 866.231.0545 ext. 2129 with any questions.  [ Return to Top ]

McGee, Eckl recognized at SCUMA's Annual Meeting

Credit union CEOs and management from Alabama, Florida, and Mississippi gathered at the 44th Annual SCUMA (Southeast Credit Union Management Association) last week in Destin, FL.

SCUMA recognized two leaders at this year’s conference: CEO of the Year Joe McGee, Legacy Community FCU, Birmingham, AL, and Management Professional of the Year Lisa Eckl, COO, Florence Federal CU, Florence, AL.

Pictured below with each honoree is SCUMA's executive committee members (left to right): Linda Walker, Riverdale CU; SCUMA President Mark Johnson, NAHEOLA CU; Tina Williams, Mobile Educators' CU; and Donna Moody, Family Security CU.


CEO of the Year Joe McGee (c).


Management Professional of the Year Lisa Eckl (c).


[ Return to Top ]

Education Calendar

Upcoming Events:

Wednesday, August 29
Improving IT Security 
2 p.m. EST - Free Webinar

Wednesday, August 29
Financial Literacy Fundamentals
3 - 4:30 p.m. - Webinar

To view the complete LSCU Events Calendar, click here. [ Return to Top ]

LEVERAGE News
Broward Healthcare FCU utilizes Ventelligence for full-service contract management

LEVERAGE, powered by Ventelligence, provides a full-service program to help credit unions better manage third-party vendor relationships and expenses. This service streamlines credit union’s Contract Lifecycle Management (CLM) to maximize performance, both financially and operationally.

Broward Healthcare FCU was looking to better prepare for their third-party vendor management portion of the upcoming NCUA examination. The results were outstanding. “By utilizing the Ventelligence program, I am able to alleviate valuable time spent on managing vendor contracts and focus on business development and areas of operation,” said Broward Healthcare FCU President/CEO Dan Walker.

To see the full case study, click here. To learn more information about Full Service Ventelligence Contract Management, click here. [ Return to Top ]

Maximize your leverage with repossessed vehicles

What does a day at the Dealers Auto Auction in Huntsville, AL look like? It is complete and total organized chaos. As a guest of the GE Remarketing team, LEVERAGE was able to tour the auto auction and see their expertise at work to make the auction a very simple process for credit unions. From the time the auction takes possession of the vehicle to the time it rolls across the auction floor, GE is at work making sure credit unions get the most for their vehicles. From condition reports to detailing the vehicle to making necessary repairs that typically bring $3 in return for every $1 spent, GE and the Dealers Auto Auction are in constant motion.

By partnering with GE, credit unions can track their vehicles through the entire process on the AutoIMS system in order to see the condition report, view pictures, and work with GE to determine and understand the true value of the vehicle. With GE Remarketing, credit unions have the tools and the live representation on auction day to leverage the most out of their repossessed vehicles.

LEVERAGE will be scheduling additional auction tours in Pensacola, Orlando, and Fort Lauderdale. If you are interested in learning more, contact your LEVERAGE Business Development Consultant.

Representatives from GE Fleet Services, Dealers Auto Auction of Huntsville, CUDL, Tuscaloosa Teachers , eCO Credit Union, Rocket City, Listerhill, Family Security, and LEVERAGE gather in Lane 1 of the auto auction during their tour.

  [ Return to Top ]

News from You
CFE awards $29,000 in scholarships to college-bound students

CFE FCU, based in Lake Mary, FL, awarded $29,000 in scholarships to college-bound students during a recent event held at the credit union. Seven high school graduates from Central Florida were recognized by CFE President and CEO Joseph A. Melbourne, Jr., Board Chair Mary Lynn Williams, along with senior management and the marketing team.

CFE FCU scholarship winners, accompanied by their parents, receive their first installment checks from CFE.

Six of the graduates were each awarded $4,000 scholarships over a four year period and were given their first installment check for $1,000. The students were randomly selected from the 330 applications submitted by members. Currently, CFE has 24 students in its college scholarship program and awards each $1,000 a year for a total scholarship donation of $24,000 annually.

One graduate was awarded a grant through the CFE & ACCEL/Exchange College Grant Program. CFE was selected by the ACCEL/Exchange Network as one of 10 credit unions nationwide to receive $5,000 to award to a local graduating senior. [ Return to Top ]

Alabama Telco posts good first half numbers

Alabama Telco CU, based in Birmingham, is reporting a very good first half of 2012. The credit union cites the past few years as having been riddled with a failing housing market, a bank backlash, and fluctuating stock market. Despite these factors, financial reports for the first half of 2012 show a steady increase in deposits and loans for Alabama Telco.

The credit union reported a 10- percent increase in checking accounts and booked $67,966,197 in new loans. The credit union also grew by $14 million in deposits and $14 million in assets.

“From increasing bank fees to a stagnant mortgage industry, financial institutions are still dealing with the effects of the past few years of economic turmoil. We have been fortunate to escape most of those issues, continue our growth, and, most importantly, help our members strengthen their financial portfolios. We look forward to what the rest of 2012 holds,” said Linda Cencula, president/CEO of Alabama Telco.
[ Return to Top ]

First Commerce CU opens Thomasville branch

First Commerce CU, based in Tallahassee, opened its eighth location last week. The newest branch is located in Thomasville, GA. First Commerce CEO Cecilia Homison (second from the right) and First Commerce Board Chair Dr. Jerry Osteryoung (l) attended the ribbon cutting.

[ Return to Top ]

Envision CU opens new Tallahassee branch

Envision Credit Union opened its sixth branch last week. The ribbon was cut by Envision CEO Darryl Worrell. The newest branch is located off of Thomasville Road in the Killearn area of Tallahassee and in front of the new Publix grocery store. State Sen. Bill Montford (D-Tallahassee) (back row, gold tie) was among the guests for the ribbon cutting. 

[ 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 ]

footer
 
Twitter Facebook YouTube