LSCU eSignal Weekly
LSCU eNews Weekly May 13, 2013
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LSCU eNews Weekly
In This Issue
President's Point
CUDE training great for all staff
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: General Fund Budget makes it to governor's desk
This week in Florida politics: Democrats push for special session on health care and who will run against the governor next year
Washington Update: House and Senate are in session for the next two weeks
Compliance Corner
League InfoSight highlight: succession planning
CUNA Regulatory Advocacy Report - week of May 13, 2013
Compliance calendar and training
AC&E News
AC&E discounted room rate extended to May 17
Donate to the AC&E Silent Auction
National Journal Hotline editor to speak at GA luncheon
Global Women's Network Luncheon at the AC&E
Multimedia
CUNA audio podcast on improved communications
Communications News
League wins seven Hermes Creative Awards
Cooperative Image Campaign expands to Idaho and Texas
Education News
Save the Date for Bank Secrecy Act Training in Tuscaloosa & Ft. Lauderdale
Cooperative Initiatives News
Cooperative Finance Leaders for America: a fellowship program for credit unions
LEVERAGE News
CUNA Mutual Group invites credit unions to go paperless
News from You
Achieva Credit Union opens new branch at Sarasota County Technical Institute (SCTI)
EMPLOYMENT
View available credit union jobs
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President's Point

CUDE training great for all staff

Recently, I attended the National Credit Union Foundation’s (NCUF) Credit Union Development Educators (CUDE) program in Madison. The week-long training is held each spring and fall on the campus of the University of Wisconsin. CUDE is designed to help new and veteran credit union professionals understand the history and philosophy of the credit union movement, as well as how each of us can play a meaningful role in the future success of the movement.

My class had about 40 credit union industry professionals in attendance representing natural person credit unions, leagues, corporates, CUNA, CUNA Mutual, NCUF, international credit unions/cooperatives, and other system partners. There are about 1,000 DE’s that have graduated from the program scattered around the country and the globe, promoting the credit union difference and the seven cooperative principles – Voluntary and Open Membership, Democratic Member Control, Members' Economic Participation, Autonomy and Independence, Education, Training and Information, Cooperation among Cooperatives, and Concern for Community.

The NCUF has been prodding me to attend the last couple years. Only a couple current league presidents have gone through the program. Being a 15-year veteran of the credit union movement, I thought there was nothing new I could learn. Boy was I wrong! This week got me thinking strategically again about our history, philosophy, and how our core values have made us both the economic and cooperative force we are today. With the impending tax fight in Congress, it has never been more important to understand our core values and evolution, if we want to be relevant today and into the future for all Americans. It's also inspiring to see all of that credit union passion in one room. New or old to the movement, everyone that goes through the program will pick up something that they can take back home and implement. Minimally, the week simply re-energizes you to keep up the good fight in the face of economic and political pressures all around us. The program also helps you to realize that local issues are global and that credit unions are much stronger when they are working together.

After completing the training, my hope is that more credit unions from Alabama and Florida will consider sending staff. Since I’ve been at the LSCU, we’ve put five of our staff through the program, with two more attending in September. If you have an interest, the next class is scheduled for September 4-11. You can find more information and how to register on the NCUF's website. Next year, the LSCU Annual Convention and Exposition (AC&E) will utilize the seven cooperative principles in both our theme and educational breakout sessions. This should be one of the most unique AC&E’s you’ll ever attend.

Where's Patrick? I have another split week. I’ll start the week in Tallahassee and end it in the Tallahassee office. In between, I’ll be in Destin hosting about an dozen league presidents and system leaders. This is a good event that allows high-level dialogue on a variety of current issues. You can see my schedule for the next two weeks by clicking on Where's Patrick? [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

Public deposit Op-Ed picked up by two Florida newspapers
LSCU President/CEO Patrick La Pine's op-ed on how the Florida legislature missed an opportunity with public deposits ran in both the Tallahassee Democrat and the South Florida Sun-Sentinel on Friday, May 10. Visit LSCU's Top Stories to read more.

May NCUA report is out
The May NCUA report has been posted on the NCUA's website. The report is the flagship publication that highlights actions by the NCUA board. The May edition contains part two of "Demystifying Capital Requirements for Credit Unions." Visit the NCUA's website to access the May report and the archives for past reports. 

Florida credit union awarded internship grant
Gold Coast FCU, based in Palm Beach, FL was among 22 low-income designate credit unions to receive $80,000 in grants from NCUA's Student Internship Grant Initiative. Visit LSCU's Top Stories to read more. [ Return to Top ]

Governmental Affairs News
This week in Alabama politics: General Fund Budget makes it to governor's desk

The Alabama Legislature met for legislative days 28 and 29 by primarily spending its time working on finalizing the state’s two operating budgets. The General Fund Budget has been in conference committee for the past several weeks while House and Senate members work to agree on the minor differences in the versions that passed each chamber. By the end of the week, the General Fund Budget had been worked out and it is now on the way to the governor’s desk for his signature. It is unknown at this time if Gov. Bentley plans to add any of his own executive amendments, but if he does, they should not warrant much concern and the budget will be signed into law.

On Tuesday, the Senate took up the Education Trust Fund and spent majority of the day looking over changes. They had tried, earlier in the day, to pass other pieces of legislation but the partisan gridlock stopped all work so bills were carried over in order to start the debate process on the Education Budget. The Senate had a few issues with the proposed teacher pay raise. They wanted one percent instead of the two percent the House proposed, with the additional one percent being used to pay back the Rainy Day Fund. In the end the Senate passed the General Fund Budget late Tuesday evening.

The House and Senate will reconvene at 9 a.m. on Monday, May 20 for the final legislative day of the 2013 session.

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: Democrats push for special session on health care and who will run against the governor next year

Democrats push Scott for special session on health care
Florida Democrats want Gov. Rick Scott to call a special session on healthcare. Lawmakers concluded the annual spring legislative session without taking advantage of billions of dollars in federal money available to reduce the number of uninsured Floridians. Under the Affordable Care Act, Washington would pick up the cost of providing health coverage to all people earning up to 138 percent of the federal poverty level for the first three years. The federal government would continue to pay at least 90 percent of the cost thereafter. Since Florida did not agree to expand Medicaid under ACA guidelines, individuals can go to an online federal exchange to get coverage. If they work for a company with more than 50 full-time employees and qualify for federal assistance to purchase insurance then the company will be fined $2,000. There are about 400,000 people in Florida who meet this requirement and represent a potential fine for employers who don’t provide health insurance. Click here to read more.

Gov. Scott may be vulnerable, but who will face him?
Democrats consider Gov. Scott to be one of the most vulnerable Republican incumbent governors facing re-election next year, which gives them hope that they can put one of their own in the governor's office for the first time since January 1999. But who will challenge him? Former state Sen. Nan Rich is in the race, but no one seems to have noticed. So Democrats see their greatest hope as U.S. Sen. Bill Nelson, who says he's not planning to run; former Republican Gov. Charlie Crist, who became a Democrat less than five months ago; and former state Chief Financial Officer Alex Sink, who lost to Scott in 2010. Read more here.

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. Get in on the conversation and get developing news and legislation updates from GA on Twitter and Facebook. [ Return to Top ]

Washington Update: House and Senate are in session for the next two weeks

The House and the Senate will be in session this week and next week before recessing for the Memorial Day District Work Period.

Floor Schedule
The House convened at 2 p.m. Monday to consider bills on the suspension calendar. For the remainder of the week, the House is expected to consider H.R. 45, a bill to repeal the Patient Protection and Affordable Care Act and health care–related provisions in the Health Care and Education Reconciliation Act of 2010. In addition, the House will consider H.R. 1062, the SEC Regulatory Accountability Act. The Senate also convened at 2 p.m. today to continue consideration of S.601, the Water Resources Development Act.

Committee Schedule
To view a complete list of committee meetings being followed by governmental affairs this week click here

Last Week
Last week CUNA sent a letter of support for a bill sponsored by Senator Rand Paul (R-KY) which would repeal the Foreign Account Tax Compliance Act (FATCA). The League has previously supported legislative efforts to delay implementation of the FATCA regulations. A copy of the letter in support of can be found here.

For more information or questions on federal legislation, contact LSCU VP of Governmental Affairs Jared Ross at 866.231.0545 ext. 1012. [ Return to Top ]

Compliance Corner
League InfoSight highlight: succession planning

The safety and soundness of every credit union greatly depends upon maintaining healthy continuity of leadership, and your board members should make the development of future leadership a key priority of their service. The loss of a CEO or other high level leader can disrupt the normal functioning of your credit union, resulting in at least a temporary loss of direction, productivity, and effectiveness.

If your credit union does not have a formal succession plan, now is the time to develop one, and if you have one, take some time to review it. Succession plans provide for an acceptable transition in the event of the loss of the CEO, key management or employees. By planning ahead to manage turnover at the top, your credit union can ensure that it has the leadership needed to successfully address the challenges of emergency and planned CEO, board, and key staff vacancies.

The succession planning topic on the board responsibilities channel provides information you need, including the answers to these questions:

  • What positions should be addressed in the succession plan?
  • What should be included in an effective succession plan?
  • How does an emergency succession plan differ from a long-term succession plan?

Visit the succession planning topic for details that can help your credit union develop an effective succession plan.

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 May 13, 2013

Each week CUNA provides credit unions a wealth of information through its Regulatory Advocacy Report. The report highlights for the week of May 13 include:

  • CFPB proposes delay of effective date for credit insurance premium 
  • Private student loans and the CFPB 
  • CFPB proposes clarifications of the ability-to-repay/qualified mortgage and mortgage servicing rules 
  • FHFA limiting Fannie Mae and Freddie Mac loan Purchases to “qualified mortgages”

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

    Compliance calendar and training
    May 2013

    June 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 ]

    AC&E News
    AC&E discounted room rate extended to May 17

    Don’t miss the savings with the discounted group rate on hotel rooms for the 2013 AC&E. The group rate has been extended to Friday, May 17. To receive the group rate, use the group code JUNJUNA when calling (800.266.9432) or reserving online with the JW Marriott Orlando Grande Lakes.

    The LSCU delivers a top level conference, including a host of high profile and quality speakers from the credit union industry. With 29 relevant education sessions, 120+ exhibiting companies, and a host of select events and networking activities, you won’t want to miss this year’s AC&E.

    Visit www.lscuconvention.com for a full listing of education topics, conference events, exhibiting companies, and to register today!

    [ Return to Top ]

    Donate to the AC&E Silent Auction

    One of the great ways to show the credit union collaborative spirit is taking part in the LSCU Silent Auction at the AC&E in June. Credit unions are encouraged to donate items to the Silent Auction which will be bid on by attendees to the AC&E. This is a great way for credit union staff to be able to take part in fundraising for the LSCU FedPAC and the Children's Miracle Network. 

    To donate, send an item to the Birmingham or Tallahassee offices or bring with you to Orlando. Make sure you fill out the donation form online before you send the item. You can see a suggested list of items if you need assistance in coming up with an idea. To see what has already been donated, "like" the LSCU Facebook page. The page is being updated as items are sent to the League. 

    If you have any questions, contact LSCU Grassroots and Political Action Coordinators Blake Westbrook at 866.231.0545 ext. 2164 or Andy Gonzalez at ext. 1010.  [ Return to Top ]

    National Journal Hotline editor to speak at GA luncheon

    The LSCU Governmental Affairs luncheon, held on June 13 at the AC&E in Orlando, will feature the editor-in-chief of the National Journal Hotline. Reid Wilson is considered one of the hot political analysts in Washington, D.C. The Hotline is Washington's premier daily tip sheet on campaigns and elections. Wilson not only monitors Washington politics, but every state's as well. 

    Before becoming editor-in-chief, Wilson was editor of Hotline On Call, Hotline’s political blog. He has also served as a staff writer at The Hill newspaper, where he covered Congress, politics, campaigns, and elections. He has covered the Supreme Court, the Federal Election Commission, and top political races as they develop across the country. Luncheon attendees will get a look at the political landscape of the entire United States from a journalist who spends all of his time on campaigns and elections.

    The cost of the luncheon is $55. To register for the luncheon, follow this link. Proceeds will benefit the LSCU FedPAC. Contributions are not tax deductible and in order to comply with Federal Law, the credit card used to make contributions must be a personal credit card and be paid with personal funds permissible under Federal Law. If you have any questions, contact LSCU VP, Governmental Affairs Jared Ross at 866.231.0545 ext. 1012. [ Return to Top ]

    Global Women's Network Luncheon at the AC&E

    Enjoy a great opportunity to learn more about WOCCU’s Global Women’s Leadership Network (GWLN) and how it is making a difference through networking opportunities and project engagements that connect women with fellow leaders in the credit union movement around the world.

    The vision of the Global Women's Leadership Network is to provide women with the opportunity and resources to make a measurable difference in the lives of each other, in the lives of credit union members, and in their communities.

    WOCCU created and serves as the hub of the network to bring together women from credit union systems around the world. These women include credit union executives, board members, and business partners.

    This is a separate ticket event at the AC&E being held on Friday, June, 14, from 12:30 to 1:30 p.m. Register for the luncheon on the AC&E website. [ Return to Top ]

    Multimedia
    CUNA audio podcast on improved communications

    The LSCU has posted a new audio podcast to the Audio Room. Earlier this year, CUNA hired Paul Gentile as its new EVP of strategic communications and engagement. Since his hiring, you can see noticeable changes to the CUNA website and weekly communications, including a new Cheney Report and improved CUNA Regulatory report. As Gentile says in the podcast, "if you only read one thing per week from CUNA, read the Cheney report and you'll be caught up." Gentile also walks credit unions through the "Unite for Good" campaign. View a CUNA video on "Unite for Good" in the LSCU Video Room.

    Visit the LSCU Audio Room to access the CUNA communications podcast. If you have problems accessing the podcast, contact LSCU VP, Communications Mike Bridges at 866.231.0545 ext. 1022. [ Return to Top ]

    Communications News
    League wins seven Hermes Creative Awards

    The League of Southeastern Credit Unions and Affiliates (LSCU) has been awarded seven Hermes Creative Awards. The League took home three of the international competition’s top, and most prestige, Platinum Awards along with two Gold Awards and three Honorable Mention acknowledgments.

    The LSCU Cooperative Image Campaign “Coffee” TV ad, Signal Magazine, and the JMFA Direct Mail piece were all awarded Platinum Awards, recognizing their excellence in terms of quality, creativity, and resourcefulness. Only 15 percent of the entries won the top Platinum Award, acknowledging them as the most outstanding entries in the competition. This is the third year in a row Signal magazine was recognized with a Platinum statue.

    The Credit Union Service Centers of Alabama Video and the Leadership Development Conference Campaign received Gold Awards. As Gold Award winners, these entries were part of the 19 percent judged to exceed the high standards of the industry norm. Honorable Mention acknowledgments went to the Florida Governmental Affairs Conference Direct Mail piece and the LEVERAGE website. [ Return to Top ]

    Cooperative Image Campaign expands to Idaho and Texas

    The League of Southeastern Credit Unions and Affiliates (LSCU) has just announced that two more states – Texas and Idaho –will be using its “Better Name for Banking” Cooperative Image Campaign. The Sabine Chapter of Texas Credit Unions and East Idaho FCU make up the third and fourth groups to adopt the campaign in the past two years. In 2012 both the Connecticut and Mississippi state leagues took on the campaign as well.

    Since “Better Name of Banking” was first launched in 2011, credit union awareness has increased overall by 27 percent. Individually, Alabama saw a 30-percent increase and Florida saw a 22-percent increase.

    The League will launch the third wave of the campaign on September 3. Fundraising will be wrapping up in the next six weeks.

    Visit www.betternameforbanking.com to see content from the Cooperative Image Campaign. If you would like more information about the LSCU Cooperative Image Campaign, contact LSCU VP, Communications Mike Bridges at 866.231.0545 ext. 1022 or Director, Information Services Amy Jowers at ext. 1020. [ Return to Top ]

    Education News
    Save the Date for Bank Secrecy Act Training in Tuscaloosa & Ft. Lauderdale

    These identical BSA Training sessions are appropriate for frontline staff, lenders, officials, managers, and compliance officers. Topics include: Bank Secrecy Act Program oversight, creation and maintenance, risk assessment, review of Currency Transaction Reports, Currency Transaction Report exemptions, filing requirements, and more.


    Tuscaloosa, AL
    Wednesday, July 17, 2013

    Morning session

    Afternoon session


    Ft. Lauderdale, FL
    Wednesday, July 24, 2013

    Morning session

    Afternoon session [ Return to Top ]

    Cooperative Initiatives News
    Cooperative Finance Leaders for America: a fellowship program for credit unions

    The National Federation of Community Development Credit Unions (Federation) is launching an innovative pilot program to cultivate future leaders of the credit union movement. The Cooperative Finance Leaders for America (CFLA) will recruit, train, and support 15 new and emerging professionals to be placed in leadership positions in credit unions dedicated to providing credit and safe banking services to low and moderate-income communities.

    Completed applications for both the fellows and the credit unions are due on May 29. Click here for a complete description of the CFLA Program and link to the application forms for the credit unions and the fellows. We encourage credit unions to recruit candidates they would like to participate in the fellowship program. 

    For additional questions, please contact Pamela Owens, vice president of programs at (212) 809-1850, ext. 215 or Jason Chang, program associate at ext. 205. [ Return to Top ]

    LEVERAGE News
    CUNA Mutual Group invites credit unions to go paperless

    During May, CUNA Mutual Group will donate $5 to the NCUF for every credit union that signs up for paperless policy delivery.

    A CUNA Mutual Group policy package averages 264 pages. With 6,000 credit union policies in force, the total number of printed pages can exceed 1.5 million, which provides enormous potential for savings.

    The company’s goal is to get 2,000 credit unions to go paperless, thereby raising $10,000 for the NCUF. “But we won’t stop there,” said Jennifer Norr, director, customer operations. “If more than 2,000 of our customers go paperless within the month, we’ll continue to add to the donation with the potential to give $30,000.”

    CUNA Mutual Group began making policies available online in 2012 in its Credit Union Protection and Collateral Protection lines of business. Lending policies will be added later this year.

    The 800 credit unions that have already gone paperless won’t be left out either, as donations also will be made on their behalf to the NCUF www.ncuf.coop.

    “Everyone wins by going paperless,” Norr said.

    To learn more, follow @CUNAMutualGroup on Twitter, circle +CUNA Mutual Group on Google+, or visit http://www.cunamutual.com/pressroom. [ Return to Top ]

    News from You
    Achieva Credit Union opens new branch at Sarasota County Technical Institute (SCTI)
     


    Achieva Credit Union recently opened its newest branch on the campus of the Sarasota County Technical Institute (SCTI) in Sarasota. This is the first branch Achieva has opened on a technical school campus, bringing the total to four branches in Sarasota County. The SCTI branch, which is open to the public, is run by Achieva professionals who work with SCTI teachers and students. Students can intern at the branch to gain real-world experience, learning business practices, marketing, and finance skills.
    The SCTI Achieva Credit Union branch is open Monday through Friday, 8 a.m. to 3 p.m. and is located at 4748 Beneva Road, Sarasota.


    [ 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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