LCUL Accepting Scholarship Applications for SRCUS CUNA Management School
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LCUL is excited to announce that we will once again be awarding partial scholarships to the 2015 SRCUS Cuna Management School in held in Augusta, GA. The mission of the Southeast CUNA Management School is to provide students the opportunity to develop the necessary leadership capabilities to contribute to the success of their credit unions.
This 8-day program provides a well-rounded curriculum and experiential opportunities for professional and personal growth, challenging each participant to achieve their highest potential by engaging them in learning activities that stimulate critical thinking and increase confidence. Partial Scholarships are available to all Louisiana students, new or returning to any year of the 3-year program.
The short applications can be downloaded from the homepage of our website www.lcul.com and must be submitted along with a letter of recommendation from your supervisor or a member of your Board by April 1. All submissions can be sent to the attention of Jody Brooks jbrooks@lcul.com or fax (504) 736-3677. Recipients will be announced by April 15.
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Website Uses Logo Similar to NCUA's, Mimics Website Design and Language
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The National Credit Union Administration has received reports of an online phishing scam that uses a website with a logo and a design similar to the agency's own site in an attempt to convince unwary customers to provide information or send money.
Consumers have received emails from the National Credit Union website, which apparently originates in Australia and claims to offer services in the United States, Europe, and the Commonwealth of Independent States. This website is not affiliated in any way with the National Credit Union Administration, a federal agency, and the emails are not from NCUA.
The emails attempt to persuade individuals to provide personal information, such as Social Security numbers, account numbers and login information, or transfer large amounts of money. Consumers should neither provide information to this website nor attempt to conduct any financial transactions through it. NCUA would not request personal or financial information in this manner. See NCUA's Privacy Policy for more information.
Consumers receiving such emails should call NCUA's Fraud Hotline toll-free at 800-827-9650 or 703-518-6550 in the Washington, D.C., area. Consumers should also contact the Internet Crime Complaint Center, a partnership between the FBI and the National White Collar Crime Center. NCUA also offers information about avoiding frauds and scams on its MyCreditUnion.gov website.
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Don't Miss MBSC's 2015 CU Business Lending Bootcamp
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Is your credit union interested in offering business lending, and you're looking for a comprehensive overview of the process? Are you introducing new team members to business lending and need a jumpstart orientation? Or could you use a refresher with best practices from a leading expert in the field of business lending? This program is for you!
You won't want to miss this loaded, high-impact program! Come join us on April 28, 29, and 30th at the Cornerstone Credit Union League.
Click here for more information including agenda, speaker info, and accommodations.
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Reminder: April is National CU Youth Month
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Have you started planning for April's National Credit Union Youth Month? Don't worry, there's still plenty of time, and CUNA can help. CUNA is always looking for innovative ways to make your Youth Month celebration run as smoothly as possible. That's why CUNA once again created the Schedule, Plan, Budget worksheet.
Designed by CUNA's Youth Month coordinators, the Schedule, Plan, Budget worksheet is the perfect tool to expedite your Youth Month planning. Use this worksheet to create a Youth Month calendar, develop celebration ideas, and even outline a preliminary budget. Click here to download this free tool.
You can also get free marketing resources.
Don't forget to submit your CU pictures and stories to Lacey Hyer, VP of Communications and Public Relations.
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March 2015 CU Trends Report Now Available
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CUNA Mutual Group's Credit Union Trends Report for March 2015 is now available online and can be accessed in the CU Products & Services section of our website, under the heading Research & Information.The economic environment improved in January as 239,000 more jobs were created, the labor force increased more than 1 million, average hourly earnings rose 0.5%, job openings breached 5 million, consumer prices fell 0.7%, interest rates moved lower and consumer confidence reached pre-recession highs. Against this economic back drop, the Federal Open Market Committee held a meeting on January 27-28 to discuss when and how fast to normalize monetary policy and interest rates.
Additional highlights of this month's report include:
- During January, Americans joined credit unions at a record annual pace, credit union loan balances grew at a 10.2% annual pace, members saved their gasoline dividend, firms hired 239,000 workers, interest rates fell, mortgage refinancing boomed and the Federal Reserve told us to be "patient."
- At the end of January, CUNA's monthly estimates reported 6,495 CUs in operation, down 39 CUs from one month earlier. The number of credit unions with assets in excess of $1 billion rose to 229 in 2014, up from 209 in 2013.
- Credit union savings balances rose 0.8% in January, less than the 1.1% advance reported in January 2014, as members' savings at the gas pump buoyed deposit balances. The gasoline dividend helped push the underlying trend annual savings growth rate to 7.6%, the highest since the economic recovery began in July 2009.
- The nation's CUs increased their loan portfolios 0.5% in January, a slight acceleration relative to the 0.4% pace reported in January 2014. Loan balances are currently increasing at a seasonally adjusted annualized rate of 10.2% and should remain above 10% for all of 2015.
- Credit union memberships rose a remarkable 369,000 in January, or 0.4% month-over-month, up from 165,000 reported in January 2014, or 0.2%, to reach 102.3 million. The underlying annual membership growth rate is now 4.5%, the highest in over 25 years.
- Credit union loan-to-asset ratios rose to 63.3% in January, up from 60.5% set in January 2014, the highest since February 2010. This shift in the mix of assets boosted yield-on-asset ratios to 3.53% in 2014, up from 3.36% in 2013.
For more information, view the complete report here. If you have problems accessing the information or have additional questions about the research and information services provided by the Louisiana Credit Union League, please contact Danielle Thibodeaux at (800) 452-7221, ext. 3018 or dthibodeaux@lcul.com.
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