LSCU eSignal Weekly
LSCU eNews Weekly February 25, 2013
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LSCU eNews Weekly
In This Issue
President's Point
CUNA GAC is a big week for credit unions
LSCU Top Headlines
This week's top League headlines
CUNA GAC
Welcome reception kicks off the week
Governmental Affairs News
This week in Alabama politics: House and Senate majority agenda, Session audio podcast available
This week in Florida politics: Public deposits expected to see movement, clarification on FL foreclosure ruling
Washington Update: Busy week ahead at the CUNA GAC
Compliance Corner
League InfoSight highlight: Social media topic added to Employment Channel
CUNA Regulatory Advocacy Report - Week of Feb. 25, 2013
Compliance calendar and training
Communications News
A MONTH from tomorrow: deadline for LSCU and CUNA Awards submissions
AC&E News
What do golf and the Rat Pack have to do with this year's LSCU AC&E?
Education News
ALM training coming up Mar. 26-27 in Miami
Save the date! SCUMA annual meeting in August
Cooperative Initiatives News
Small Asset Size CU Conference: a great "think tank" for attendees
LEVERAGE News
February editions of Invest In America newsletter and frontline staff update now available
News from You
IAM Community FCU named February Business of Month
Orlando FCU CEO recognized for service to community
EMPLOYMENT
View available credit union jobs
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President's Point

CUNA GAC is a big week for credit unions

This week is the CUNA Governmental Affairs Conference (GAC), the premier national legislative and regulatory grassroots advocacy event for credit unions across the country. Not only do leagues and credit unions come to Washington, D.C. for the education sessions, speakers, and networking, but they also come to meet with our congressional delegations on issues of importance to the industry as lawmakers kick off the new legislative session. It sends a big message when 3,000 credit union officials are on the Hill.

This year’s conference also marks the official unveiling of a new strategic vision for the future of the credit union movement developed jointly by CUNA, leagues, credit unions, and key system partners. By the time you read this, CUNA President/CEO Bill Cheney will have presented the strategic vision to conference attendees. The vision is based on “America chooses credit unions as their best financial partner.” Over the next couple of months, a larger rollout will happen and much more information will be presented. The LSCU will send out as much information as we can, when it becomes available. The hope is that credit unions will rally around this idea to “Unite for Good.” Industry leaders have been working on this much needed project for more than a year.  

The main focus for the week for Alabama and Florida credit unions needs to be our 38 members of Congress. We will be talking about the credit union tax exemption, member business lending and supplemental capital, among other topics. These are very important issues. To move our legislative agenda forward, we need to make these meetings a priority and to know the issues. The CUNA GAC is a great opportunity to learn and network, but there is real work involved. Setting a good foundation with new and returning members of Congress with these meetings will only help our cause later in the session when our legislation begins to advance in both chambers.

By now I hope you’ve seen our first installment of the LSCU at the CUNA GAC. Our vice president of Communications Mike Bridges is sending back a report daily from Washington. This gives everyone a feel for the CUNA GAC and what we’re accomplishing during the week. We have 31 new attendees, and Mike will feature some of them in these reports. Tuesday’s report will also have more information about the strategic vision plan from CUNA. Make the LSCU from the GAC a part of your daily routine this week. Also check out the LSCU Facebook page and the Action Center Facebook page for more pictures from the week. These five days could have a huge impact for the 113th Congress.

A new feature of the President’s Point will be “Where’s Patrick?” Beginning this week, I will be putting my schedule online so you can see my travel and meeting schedule. (You will need to login to the League's website to view. If you've not signed up for access, click here to request access.) It shows what I'm doing as your League president to advance the cause of credit unions, both locally and on the national level. Not everything will be listed (i.e. dental appointments) as this is meant to be broad strokes and not include every internal meeting. Hopefully this will also let you know when I will be in your area. Always feel free to contact me if you have time for me to visit. This another way to show how the League is working for you and that we’re transparent in how we operate. Check out “Where’s Patrick?” by clicking on the link.   

Send me any feedback to this column [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

NASCUS and NCUA team up for low-income opportunities
State-chartered credit unions have an easy way to determine if they are eligible for designation as low-income credit unions (LICU). A cooperative effort by the NCUA and the National Association of State Credit Union Supervisors (NASCUS) will provide resources for credit unions. Read more in the LSCU Top Stories

NCBA backs credit union bills
The National Cooperative Business Association is backing credit union priorities by supporting three bills that would enhance the credit union charter and ease regulatory issues. The three bills were filed two weeks ago in Washington. Read more in CUNA News Now

Nominations to serve on a CUNA Committee are now open
Committee members appointed in 2012 will continue serving until new committees members are announced. The deadline for 2013 nominations for committee appointments is Friday, March 1. The 26 committees include audit, ethics, awards, corporate governance, and small credit unions. Fill out this bio-data form so CUNA can gather the information needed to process appointments and to assist in determining areas of interest, expertise, and availability. If you would like to submit a nomination, or need more information, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545, ext. 2181.

NCUA economic video available
The NCUA's monthly economic video has been posted to the NCUA YouTube channel. This month John Worth looks at the state of the American consumer and steep cuts in federal spending.  [ Return to Top ]

CUNA GAC
Welcome reception kicks off the week

The League held a welcome reception Sunday night to get the CUNA GAC underway. More than 130 Alabama and Florida credit union officials are in Washington, D.C. to get a better handle on credit union issues, as well as prepare for Hill visits later in the week. 

The 90-minute reception allowed credit union officials to network and ease into the week. LSCU President/CEO Patrick La Pine welcomed the credit unions and set up what to expect over the next four days. Credit union officials also got their first look at the Hill visit schedules for Wednesday.

To follow the CUNA GAC and what Alabama and Florida credit unions are doing, watch the LSCU from the CUNA GAC video reports everyday.

Community First CU of FL John Hirabayashi speaks with 121 Financial Credit Union CEO Bill Braddock.

Listerhill CU CEO Brad Green talks with Alabama CU COO Kayce Bell (yellow) and Marketing Coordinator Kelley Jones.

[ Return to Top ]

Governmental Affairs News
This week in Alabama politics: House and Senate majority agenda, Session audio podcast available

Alabama Legislative Update
The Alabama Legislature met last week for the sixth and seventh legislative days. Both the House and Senate continued to work on the majority’s agenda and it does not look as if any other bills will be considered until they are finished. The Senate passed HB 94, the repayment of Oil and Gas Trust Fund monies, and the governor quickly signed it into law. This was a promise that the Republican controlled House and Senate made to Alabama, even saying it would be the first piece of legislation signed in 2013. The House also worked on their aggressive agenda, passing several bills from their “Dare Defend Our Rights” package. 

Neither the Senate Banking & Insurance Committee or the House Financial Services Committee met on Wednesday.

The legislature reconvenes tomorrow, February 26. Thursday is the first day that the House will work from a Special Order Calendar, but there does not appear to be anything controversial on the schedule.

Session Podcast
The LSCU has a new audio podcast available that looks at this year's Alabama Legislative Session. LSCU Director, Governmental Affairs Jason Cochran talks with LSCU, VP, Communications Mike Bridges about the session, what to expect, credit union legislation, and the importance of the Alabama State GAC. Cochran says that two pieces of proactive legislation for credit unions is expected this session. Listen to the entire podcast by visiting the LSCU Audio Room.

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: Public deposits expected to see movement, clarification on FL foreclosure ruling

Public Deposits Expected to See Movement
One of LSCU’s top priorities for the 2013 Legislative Session has now been assigned to committees of reference in the Senate. SB 918, relating to public deposits, will first be heard in the Senate Banking & Insurance Committee, chaired by Sen. David Simmons (R- Altamonte Springs) before it goes to Sen. John Thrasher’s (R- St. Augustine) Rules Committee. In the House, LSCU's GA staff fully expects that the public deposits legislation, HB 251 by Rep. Bill Hager, will be put on the agenda in the House Insurance & Banking subcommittee during the first two weeks of Session. With Session beginning next Tuesday, there is no time to waste in contacting your legislators, particularly those on the subcommittee. We know that this will be another close vote and we need your help and support to move this bill to the next committee.

Clarification Sought in Florida Foreclosure Ruling
Florida Supreme Court justices ruled on Feb. 7 that judges cannot stop lenders from voluntarily withdrawing foreclosures to avoid being penalized for submitting fraudulent documents. However, both sides agree the Florida Supreme Court made two typographical errors in a key ruling on mortgage foreclosure fraud. They disagreed, though, Friday on how one mistake should be fixed. Palm Beach County homeowner Roman Pino and Bank of New York Mellon, which tried to foreclose on Pino, agree the justices erred by saying court rules require "attorney verification" of foreclosure complaints. Pino proposed correcting the opinion to say "plaintiff verification." The bank says that would imply the high court has ruled against letting a lender's agent verify documents, an issue still being argued in lower courts. The bank, instead, has proposed simply deleting the word "attorney."

Freshman Lawmakers
The League has put together a freshman legislator guide. View it in the LSCU Action Center under Legislative Resources. Download it and get to know who they are before the State GAC, March 19-20.

If you have any questions on any of the legislative issues mentioned above contact LSCU Director, Legislative Affairs, Jennifer Martin, 866.231.0545 ext. 1150.

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

Washington Update: Busy week ahead at the CUNA GAC

It’s a great day to be a credit union advocate as the CUNA Governmental Affairs Conference kicks into high gear. There are more than 130 credit union advocates in Washington, D.C. from Alabama and Florida, joining the 4,200+ from around the country to bring the credit union message to Capitol Hill!

Floor Schedule
As the GAC gets started, the members of the Senate and the House are returning to Washington after a ten day recess for the Presidents’ Day holiday. The House returns today and will consider bills under suspension of the rules. Later in the week, the House is expected to consider the “Violence Against Women Reauthorization Act of 2013” (S. 47). The Senate is also back this week and is expected to consider a sequester replacement bill and vote on the nomination of Sen. Hagel to be Secretary of Defense. The sequester will take effect on March 1 unless Congress and the president are able to reach a deal this week.

Committee Meetings
We are following several hearings and committee meetings on both sides of the Capitol this week, including the following:

On Tuesday:

  • The House Oversight and Government Reform Committee’s Economic Growth, Job Creation and Regulatory Affairs Subcommittee will hold a hearing on "Bailout Rewards: The Treasury Department's Continued Approval of Excessive Pay for Executives at Taxpayer-Funded Companies."  
  • The House Financial Services Committee and the Ways and Means Committee will markup their “Budget Views and Estimates Submission Letters.” 
  • The Senate Finance Committee will hold a hearing on "The Budget and Economic Outlook: Fiscal Years 2013 to 2023."  
  • Finally, the Senate Banking, Housing and Urban Affairs Committee will meet to consider organizational matters and then will hold a hearing to receive the “Semiannual Monetary Policy Report to Congress.  Federal Reserve Board of Governors Chairman Bernanke will testify.  

On Wednesday, the House Financial Services Committee will hold its hearing on the semiannual monetary policy report with Chairman Bernanke testifying.

Also on Wednesday, LSCU’s advocates will be on Capitol Hill for the entire day meeting with 36 of our 38 lawmakers, followed by the final two visits on Thursday. [ Return to Top ]

Compliance Corner
League InfoSight highlight: Social media topic added to Employment Channel

With more credit unions jumping into social media, including Facebook, LinkedIn, and Twitter, it is forcing management to look at its impact on the work environment. Credit unions face dueling obligations to provide a secure work environment for employees while simultaneously respecting their employees’ privacy.

A credit union is required to comply with employment laws in all phases of the employment relationship, which includes accessing social networks. A credit union may make employment decisions based upon an individual’s participation in social networks. This right is not absolute.

The Employment Channel of League InfoSight has a new topic: Social Networking and Decision Making. Credit unions should access this topic when considering its policy.

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 ]

CUNA Regulatory Advocacy Report - Week of Feb. 25, 2013

Each week CUNA provides credit unions a wealth of information through its Regulatory Advocacy Report. The report for the week of Feb. 25 looks at

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

Compliance calendar and training

February 2013

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 ]

Communications News
A MONTH from tomorrow: deadline for LSCU and CUNA Awards submissions
The credit union movement is full of passionate advocates of the "people helping people" philosophy and so much more! Nominate your credit union and/or an individual today to be recognized for their work benefiting the credit union industry, members, and community.

Don't forget the three ways to submit an LSCU Awards entry:

Visit the LSCU CU Awards Program web page for more information and entry/nomination forms on all awards. Questions? Contact LSCU Director, Information Services Amy Jowers at 866.231.0545 ext. 1020. [ Return to Top ]

AC&E News
What do golf and the Rat Pack have to do with this year's LSCU AC&E?

The Annual Golf Tournament will kick off the AC&E, and the Dinner, Entertainment, & Silent Auction, featuring the Rat Pack Swingers, will be the Vegas-style finale.

Annual Golf Tournament – Kick off the AC&E with Golf

The Annual Golf Tournament will kick off the AC&E this year on Wednesday, June 12. Don your clubs and head over to the Ritz Carlton Golf Course located on the property of the beautiful JW Marriott Orlando Grande Lakes. Proceeds from this event benefit Children’s Miracle Network Hospitals.

Dinner, Entertainment, & Silent Auction – Entertainment, Vegas-style!

Let’s fly away to Vegas, baby! The Rat Pack Swingers will take you back to the good old days of the Rat Pack. Dressed in tuxedos, singing the songs of Frank Sinatra, Dean Martin, and Sammy Davis Jr., these three crooners—and jokesters—are the life of the party! Dress Vegas “chic” or resort casual and be ready to enjoy a variety of mouth-watering food choices and bid on some steal-of-a-deal silent auction items. This event adds an appetizing finale to the AC&E! Silent auction donations with a $50 or more value are currently being accepted. For more information about the silent auction and to download a donation form, visit the AC&E website.

Register today! Visit the AC&E website for more information, including online registration, hotel information, and the Schedule at-a-Glance. [ Return to Top ]

Education News
ALM training coming up Mar. 26-27 in Miami

Deborah L. Rightmire, vice president of ALM for the Texas Credit Union League, will be instructing the ALM Essentials & Implementation training, March 26-27, in Miami. 

TheALM Essentials Workshop is a full-day session designed for all credit union employees, board, and ALCO members who desire a better understanding of the basic asset/liability management process.

TheALM Implementation Workshop is also designed for credit union employees, board, and ALCO members, provides an overview to assist in understanding and implementing an effective asset liability management process in your credit union.

For more information, click the links above or visit the LSCU Events Calendar on www.lscu.coop. [ Return to Top ]

Save the date! SCUMA annual meeting in August

The executive committee of the Southeast Credit Union Management Association (SCUMA) is preparing a host of speakers for CU CEOs and their executive management teams at their annual meeting scheduled for August 21-23 at the Sandestin Hilton, in Destin FL.

Not a member? If you are not a member of SCUMA but would like to know more about it from SCUMA President Mark Johnson, click here. To become a 2013 SCUMA member, click here. [ Return to Top ]

Cooperative Initiatives News
Small Asset Size CU Conference: a great "think tank" for attendees

The 2013 Small Asset Size (SAS) Credit Union Workshop was held February 12 at CFE FCU in Lake Mary.  More than 20 credit union attendees had an opportunity to hear from speakers and collaborate on issues credit unions are with faced with every day.

Jim Sorenson, attorney, at Williams, Gautier, Gwynn, DeLoach and Sorenson based in Tallahassee, provided insights into the legalities of credit union repossessions, NCUA Examiner Paula Rothman and Jodi Kaufman provided an update on the Office of Small Credit Union Initiatives. 

Credit union attendees had an opportunity to engage in a lending and credit union roundtable dialogue.  Attendees shared ideas and provided insights for solutions to common credit union challenges. The workshop also included disaster recovery, regulatory and compliance updates as well as an economic forecast. 

“The small asset workshop served as a great 'think tank' for all of us that looking for new ways to increase our lending volume and yield on loans, and it was a great recap for staying on top of legal issues concerning repossessions," said Susan Cantrell, manager of First Coast FCU. "Many times forms become stale and out dated and this served as a brief synopsis to go over policies, procedures and forms before it's too late concerning repossessions."

Materials from the workshop are available online in the Small Asset Size Toolkit.

The Alabama SAS Credit Union Workshop will be March 26 in Birmingham.
[ Return to Top ]

LEVERAGE News
February editions of Invest In America newsletter and frontline staff update now available

The February editions of the Invest in America Newsletter and Frontline Staff Update is now available to view.

Newsletter highlights include:

  • It's Not Too Late to Promote Tax Discounts
  • Real-time GM Member Authorization Request Report
  • Discover the DIRECTV Difference                         
  • Sprint Verification 

Customize and distribute the Frontline Staff Update to all employees, which provides a one page summary of all current IIA offers.

[ Return to Top ]

News from You
IAM Community FCU named February Business of Month

 IAM Community Federal Credit Union was named February Business of Month by the Enterprise Chamber of Commerce during a Feb. 22 presentation. IAM Branch Manager Jennifer Arnette accepts the award from Chamber of Commerce President Phil Thomas. Middle row, from left are Sandra Tate, Mila Goodson, Jan Holley and Susan Marler. Back row, from left, are Chase Perkins, Sandra Danford, and Mae Williams.

[ Return to Top ]

Orlando FCU CEO recognized for service to community

Orlando FCU CEO John Neusaenger was recently recognized for his work in the community with a certificate of appreciation from the principal of Grand Avenue Primary Learning Center (GAPLC) at the Orange County School Board celebration of Black History Month. He was recognized for a decade of mentoring and participation on the School Advisory Council as the community liaison. GAPLC is an inner city school serving the Paramore area children from kindergarten to second grade and is located within blocks of the main office.

[ Return to Top ]

EMPLOYMENT
View available credit union jobs

To view available jobs posted by credit unions on the LSCU website, visit the LSCU CU Jobs Center. Click the link at the top of the CU Jobs Center page to view jobs at the LSCU. [ Return to Top ]

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