LSCU eSignal Weekly
LSCU eNews Weekly August 12, 2013
home button press room button contact us button
LSCU eNews Weekly
In This Issue
President's Point
CUNA Mutual Group offering free symposium in Tampa
LSCU Top Headlines
This week's top League headlines
Governmental Affairs News
This week in Alabama politics: chairman changes and more
This week in Florida politics: Sen. Flores refiles bill to move to January session
Upcoming Florida town hall meetings and events
Compliance Corner
League InfoSight highlight: membership eligibility
CUNA Regulatory Advocacy Report - week of August 12, 2013
Compliance calendar and training
Education
FREE webinar on the new $100 bill
Cooperative Initiatives News
Register today for CEO Boot Camp
LSCU & Affiliates and BrightStar receive Biz Kid$ grants
LEVERAGE News
Drive auto loans and enroll in the GM Premium Program
News from You
JetStream FCU participates in summer internship program
Alabama Telco reports strong first half in 2013
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

CUNA Mutual Group offering free symposium in Tampa

A core function of any good trade association is to provide quality educational offerings to its membership. This can be either through the LSCU & Affiliates and/or partnering with a trusted system partner. CUNA Mutual Group has put together a free, one-day symposium next month in Tampa and you are invited to attend. 

We are all aware of the pressures facing the credit union industry. Regular readers of this column know that I have previously stated that credit unions have a great opportunity to grow market share and share of wallet. With that in mind, CUNA Mutual’s one day symposium, The Battle for the American Consumer: A Symposium on Member Centricity, is a must attend for credit union leaders. There are five speakers on the agenda and each will inspire credit unions.

Let me highlight two of the speakers. Don Peppers is an expert on strategies to make your business customer centric. Credit unions are leading the industry in member service, but how are you managing those relationships? At our AC&E, keynote speaker John Foley talked about trust. Don will also talk about trust as a competitive advantage. Michelle Eten will present on being member centric and also staying close to your cooperative model. Michelle works for REI, the largest consumer retail cooperative in America. I really enjoy hearing from professionals in other industries that mirror credit unions.

The symposium is free and open to CEOs and up to two additional senior executives. The only expense for your credit union is travel, including any hotel costs if necessary. By making this free, CUNA Mutual is once again showing that it is a system partner that goes above and beyond its partner role to provide value to not only what they offer, but to a credit union's overall health.

I hope credit unions will consider attending. Symposiums of this nature are rarely free or in your backyard. Visit the symposium website to learn more or to register. I hope to see you in Tampa on Sept. 24.

Where's Patrick: This is board meeting week for the LSCU & Affiliates in our Birmingham office. This week I am also having some individual credit union meetings in Huntsville. You can see my schedule for the next two weeks by clicking on "Where's Patrick" ?

Visit the LSCU Video Room for the President's Quarterly Report.  [ Return to Top ]

LSCU Top Headlines
This week's top League headlines

eSignal to go daily this month
The LSCU & Affiliates will begin sending out a daily version of eSignal in August. The new daily version will be smaller and more impactful. This new format will also help cut down on the number of emails sent from the League. Look for a start date soon. 

Alabama and Florida contacts rising
The number of contacts Alabama and Florida credit unions have made with their lawmakers on the Don't Tax My Credit Union issue is rising. Last week, both states combined for 6,000 new contacts for a total of 30,000. More than 110,000 postcards were mailed the past two weeks. These will make a huge impact once they begin coming back to the League.

Register for Hike the Hill
Credit unions still have time to attend the September Hike the Hill in Washington, D.C. In the midst of tax reform, this visit is as important as any have been in the past. Credit unions are asked to send executives, as well as directors. Visit the LSCU Hike the Hill registration form to sign up. A link to the hotel is also provided on the registration page. 

LSCU FiCEP training
The LSCU is implementing the REAL Solutions FiCEP training in Alabama and Florida. Forty-seven students are taking part in the classes to become Credit Union Certified Financial Counselors (CUCFC). The training is done in person and through webinars. Visit the LSCU Top Stories for more information.

  [ Return to Top ]

Governmental Affairs News
This week in Alabama politics: chairman changes and more

Barton leaving the House, Clouse to serve as chairman of Ways and Means
Chairman of the House Ways and Means General Fund Committee, Rep. Jim Barton (R-Mobile), announced his resignation from the Alabama House of Representatives. Barton, who has been in the House for 13 years, is going into government affairs and lobbying with the Kinney Capitol Group. House Speaker, Mike Hubbard (R-Auburn), wasted little time naming Barton’s replacement as chairman of the Ways and Means General Fund Committee. Rep. Steve Clouse (R-Ozark) will now take on the role of chairman of one of the most difficult assignments in the House. Clouse served as co-chairman during the 2013 Legislative Session and is also the chairman of the House Financial Services Committee.

Bentley announces special election schedule
With two recent resignations in the Alabama House of Representatives, Gov. Bentley announced the special election schedule to fill those vacancies. HD 74, the seat previously held by Rep. Jay Love, and HD 104, the seat previously held by Rep. Jim Barton, will be filled by the beginning of January and this is important because both seats will be up for election again in 2014. Below are the dates for the elections:

  • Primary Election                          October 8, 2013
  • Primary Runnoff (if needed)       November 19, 2013
  • General Election (if no runoff)    December 3, 2013
  • General Election (with runoff)    January 14, 2013

Project Zip Code update
One of the easiest ways for credit unions to become politically active is through Project Zip Code. Project Zip Code (PZC) is a secure program that matches credit union members’ zip codes with their county, state, and legislative districts. When credit union advocates meet with their legislators, it is important that the advocates show they are speaking on behalf of a larger constituency. Before coming to DC or meeting with a lawmaker in their district office, the League can go to the PZC website and create detailed reports that show how many credit union members live in that lawmakers district. These numbers truly show the depth and breadth of the credit union system nationwide and stick with legislators. The League will be making a big push for credit unions to run Project Zip Code at least once from now until the end of the year. If you would like to participate in Project Zip Code, please contact Blake Westbrook Alabama LSCU PAC & grassroots coordinator.

Follow the GA team's 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: Sen. Flores refiles bill to move to January session

Sen. Flores refiles bill to move to January session
Sen. Anitere Flores (R-Miami), files SB 72, which would move the start of the 60-day regular legislative session to January beginning in 2016. Regular legislative sessions start in March each year. Flores filed a similar bill this year (SB 1356), but it never had a House companion bill and died after clearing one Senate committee.

Corcoran gets behind "outsider" candidate to replace Fasano
The prize for first to file for Florida House District 36, which was left wide open after Mike Fasano was tapped Pasco County Tax Collector, goes to Bill Gunter. Gunter’s already got supporters like Rep. Richard Corcoran (R-Trinity) who is in line to become Speaker in 2016. Now if only Gunter lived in District 36, which covers parts of coastal Pasco, the Republicans might really have something. Turns out, Gunter lives further inland, about five miles away, or a 10-minute drive, from the district boundary. It is a geographical quirk that kind of makes him the “outsider” candidate for the constituents of District 36. He really lives in District 37, which is firmly held by Corcoran. For Gunter, residency is not a major issue. He said he plans to move by the date of the special election, which he said should be in eight to 10 weeks. Read more here.

Florida economists predicting steady growth
Florida economists are projecting that the state's economy should continue to grow steadily over the next three years. After a decade that saw the state's economy soar — and then crash during the Great Recession — economists are expecting a continued gradual recovery. "We finally entered a period of stability where everything is behaving predictably," said Amy Baker, coordinator of the state's Office of Economic and Demographic Research. Baker and other state economists concluded that the state's main tax collections would grow by 3.4 percent over the coming year and then another 4.4 percent by the middle of 2015 bringing the total to $27.3 billion. Read more here.

If you have any questions on any legislative issues, contact LSCU Director, Governmental Affairs-Florida, Jennifer Martin at 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 ]

Upcoming Florida town hall meetings and events

Click here to view a list of upcoming Florida town hall meetings and events. Make plans to attend and tell your elected officials to "Don't Tax My Credit Union."

As the governmental affairs team knows more, it will post additional town hall meeting information in the governmental affairs section of the LSCU website.

Please contact GA if you do attend any of the meetings and/or events listed, so they can follow up with that official.

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

Compliance Corner
League InfoSight highlight: membership eligibility

Every federal credit union's charter (section 5) describes its field of membership (FOM). FOM is defined as the persons, including organizations and other legal entities; a credit union is permitted to accept for membership. Generally, credit unions can only offer services to persons within the FOM who have actually become members of the credit union.

NCUA's FOM rules also specify several additional means/concepts that expand a federal credit union's FOM potential. These include:

  • serving other persons eligible for credit union membership, including serving immediate family and household members, serving corporate/legal entities, and more
  • policy of once a member, always a member
  • serving nonmembers

For additional information, visit the Membership Eligibility topic on the Field of Membership channel of InfoSight. [ Return to Top ]

CUNA Regulatory Advocacy Report - week of August 12, 2013

Each week CUNA provides credit unions a wealth of information through its Regulatory Advocacy Report. The report highlights for the week of August 12th:

  • Debit interchange litigation key CUNA focus
  • FASB proposal could benefit credit unions
  • CUNA survey on CFPB remittance transfers final rule will be used in meetings with the CFPB
  • CUNA files regulation review comment letter with NCUA

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

                            Compliance calendar and training
                            September, 2013

                             October, 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 the League website for access. [ Return to Top ]

                            Education
                            FREE webinar on the new $100 bill

                            Today’s technology and sophisticated criminals make counterfeit currency more and more difficult to detect. For only the fourth time in the history of US currency, there will be a new $100 bill debuting on Oct. 8, 2013. The bill is designed to make it easier to authenticate, but harder to duplicate. This free webinar will cover the new security features and everything the front line needs to know about the new $100 bill. This informative session is designed for every staff member in the financial institution.

                            Click here to access this free webinar.
                            [ Return to Top ]

                            Cooperative Initiatives News
                            Register today for CEO Boot Camp

                            Registration is now open for NCUA’s Office of Small Credit Union Initiatives’ CEO Boot Camp. Scheduled for Sept. 25, at the Doubletree by Hilton Hotel in Birmingham, the CEO Boot Camp will be presented in association with the League of Southeastern Credit Unions & Affiliates and the Mississippi Credit Union Association.

                            The Boot Camp will include sessions on resources available from the Office of Small Credit Union Initiatives, identifying Bank Secrecy Act deficiencies, internal fraud, succession planning, and how to handle the media and be more proactive with PR opportunities. The event will include a lending panel featuring credit union CEOs from Alabama and Mississippi. Round robin sessions featuring representatives from CUNA Mutual Group, the National Credit Union Foundation, CUES, LSCU & Affiliates, and the Mississippi Credit Union Association will also be available.

                            For more information, click here or call 703-518-6610. [ Return to Top ]

                            LSCU & Affiliates and BrightStar receive Biz Kid$ grants

                            The League along with BrightStar Credit Union in Sunrise, Fla. were two of the 16 organizations approved for 2013 Biz Kid$ Education grants by the National Credit Union Foundation's (NCUF) board of directors.

                            The grants are designed to engage the credit union movement in using Biz Kid$ and its curriculum to build students financial literacy and economic education skills. Biz Kid$ is a credit union funded public television series that teaches kids about money management and entrepreneurship.

                            More information about the LSCU grant will be released soon.  [ Return to Top ]

                            LEVERAGE News
                            Drive auto loans and enroll in the GM Premium Program

                            U.S. auto sales continued at a scorching rate in April-the best April in six years. Given the surge in auto sales and auto loans, combined with GM promoting big savings, now is the time for credit unions like yours to promote Invest in America’s Credit Union Member Discount from GM, which has been enhanced to drive more loans to your credit union. By enrolling at the premium level, you can maximize loans while offering this valuable discount and benefit to your members.

                            Your members will save big when they combine the discount, consumer cash, and credit union low rate financing. Click here to see how your members can save more with credit union financing.                                                 

                            Enroll in the Premium GM program now and take advantage of all it has to offer. You can get started by clicking here for credit union enrollment forms in our partner center. [ Return to Top ]

                            News from You
                            JetStream FCU participates in summer internship program

                            JetStream Federal Credit Union participated in the Miami Dade County Public Schools Summer Internship Program for the sixth consecutive year. Students from Barbara Goleman High School’s Academy of Finance were selected to intern at JetStream Federal’s headquarters in Miami Lakes. The students, Latrice Sneed and Giselle Schmidt, worked in the various departments at the credit union, including accounting, human resources, training, business development, and information technology for a total of 150 hours each.

                            “The Summer Internship program is a great opportunity to explore potential careers and gain valuable job experience in a real corporate environment prior to starting college” said Mio Serrano, VP of human resources. [ Return to Top ]

                            Alabama Telco reports strong first half in 2013

                            Alabama Telco’s financial reports for the first half of 2013 show a steady increase in deposits and loans. They reported a growth of $13.7 million in deposits and booked $82 million in new loans. Part of the loan growth stems from the upswing in mortgages. The credit union showed an $8.5 million growth in real estate loans, a significant increase from years past.

                            “2013 and the past couple of years have been equal parts challenging and frustrating for consumers and financial institutions. As a result of the protracted, low interest rate environment, we are finding that we are all working harder than we ever have. Most consumers are experiencing the phenomena of having more money in savings that is earning less than it likely ever has. The good news is the economy does seem to be moving in the right direction. We have been fortunate to continue our growth and most importantly help our members strengthen their financial portfolios. We look forward to what the rest of 2013 holds,” said Linda Cencula, president/CEO, Alabama Telco. [ 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 ]

                            footer
                             
                            Twitter Facebook YouTube