Headline News

Registration Now Open for LCUL's 2015 Annual Meeting & Convention!


It's the most wonderful time of the year....in July! The holidays are a time of giving, but credit unions give to members year round. Why not celebrate a little early? In the spirit of giving, we offer the gifts of education, inspiration, networking, and more at the Louisiana Credit Union League's 2015 Annual Meeting & Convention, July 29-August 1, at the Sheraton Hotel in New Orleans as credit unions celebrate "Christmas in July".

 

Click here to register today!

 

Accommodations

Agenda

Awards

Speakers/Education Sessions

Golf Tournament

 

 

In addition to the outstanding lineup of speakers and education sessions, there will be plenty of opportunities for fun and networking. We encourage attendees to fully participate in every aspect of convention, making the best of your experience. For more information, visit www.lcul.com.  

 

Important dates to remember:

 

June 29: Hotel Deadline

July 1: Awards Deadline

July 11: Early Bird Registration Deadline

 

Additional information on registration, speakers, education sessions, and other events will be featured in eNews and the League's Facebook page! 

CU4Kids: Louisiana Numbers Are In...

Congratulations to Louisiana credit unions on another successful year of CU4Kids fundraising.  We are extremely proud to report that total donations from Louisiana were $64,310.54.  This number reflects the total amount donated to any Children's Miracle Network Hospital from credit unions, chapter initiatives, and the league.  Nationally, Credit Unions for Kids raised over $10.9 Million in 2014 for CMN Hospitals.

 

Credit Unions for Kids is a nonprofit collaboration of credit unions, chapters, leagues/associations and business partners from across the country, engaged in fundraising activities to benefit 170 Children's Miracle Network Hospitals. Adopted as our movement's charity of choice, credit unions are the 3rd largest sponsor of CMN Hospitals. One hundred percent of every dollar donated by members of the credit union movement goes back to the CMN Hospital which serves your community, your members.

 

Thank you for your generosity and continued support!

Mortgages, Prepaid Products Top CFPB Spring Rulemaking Agenda

The spring 2015 rulemaking agenda for the Consumer Financial Protection Bureau (CFPB) features a number of items involving mortgages, prepaid products and overdrafts, among others. The bureau released the agenda Tuesday.

 

Click here to view the full article.

Three Disruptive Forces Shaping the Future of Banking

Three forces are shaping the future of banking: Technology innovation, demographics, and the emergence of new business models.

 

For most traditional financial institutions, technology innovation is a weakness. Instead of innovating, many credit unions and banks rely on third-party firms-from established core providers to startups-to provide them with a mix of products they can repackage and resell to their members and customers.

 

Click here to view the full article. 
EFT Services

Cool Enough for Teens, Safe Enough For Parents: Learn More About the NewGen Card 

Teenagers face unique challenges - how do they learn to manage money without affecting their deposit account or credit rating? 


 

The NewGen prepaid debit is a cost affordable way to introduce teens to budget management and safe plastic card usage.  It gives teenagers an opportunity to achieve financial independence without carrying cash or effecting their own deposit account or credit rating.

 

Additionally...


* Personalized with the teen's name, giving young members independence and responsibility
* Use it everywhere Visa cards are accepted
* There's no liability for fraudulent activity**; Visa's Zero Liability coverage applies
* Online tools help teens and parents track purchases and stay within a budget
* Easy to reload funds through multiple options It's a great opportunity to become a Teenager's first financial account relationship.  NewGen is a reloadable prepaid VISA debit card issued to teens with an adult as an account owner. 

 

LSC is offering a webinar on Thursday, June 8 at 2:00 p.m. to learn the many benefits that NewGenSM has to offer your members, their family and your credit union. Click here for more information or to register. 

 

Another reason to promote the card that's cool enough for teens, safe enough for parents: Sign up by June 30th and LSC waives the $2 new account fee and fund the first $5 on every NewGen Card you open for the next 60 days. Click here for the 'Gimme $5' promotion!

 

To sign up for the NewGen Program, contact LSC's Sales Department at sales@lsc.net or toll free at (800) 942-7124.

 

Learn more at http://prepaidnewgen.com/. 

 

 

 
Spotlight on Education

Agenda Set for the LA/MS Supervisory Committee Conference, July 8-10

 

The Credit Union Leagues of Louisiana and Mississippi jointly present the annual Supervisory Committee Conference.  This year's event is being held from July 8-10 at Hollywood Casino in Bay St. Louis, MS.  

 


Hotel Registration: Credit unions are responsible for making their own room reservation. Rooms must be booked by Friday, June 5, 2015.  Our room rate at the Hollywood Resort is $89 (plus 9% tax) per night. 

 

Conference Registration: $450 per participant; $95 per guest. Register online at www.lcul.com.  

 

If you have questions, please contact education@lcul.com or Jody Brooks at (800) 452-7221, ext. 3010.  

Have you Heard?

Ouachita Valley FCU Recognized for Community Involvement

Ouachita Valley FCU was nominated for the Thomas A. Scott Award which honors organizations that make significant contributions to the Ouachita Parish economy through capital improvements, expansion, job creation, and community involvement.  Ouachita Valley was also named "Spirit of the Ouachita" recipient for their community involvement through different charity organizations and youth involvement, particularly with the Sunny School Supply Drive.  

 

Community Cools Off with Free Sno-cones from Pelican State CU

It pays to have a Pelican State Credit Union branch in your community! Kaitlin Dorn knows first hand; she was one of 671 locals who enjoyed a free sno-cone at the Sno-Shack in Alexandria on Wednesday, May 20. For the second consecutive year, Pelican took over the Sno-Shack and paid for every single person's sno-cone from 2:30 - 5:00 p.m.

 

"Thank you Pelican!" exclaimed Dorn as she drove away from the stand. "My mom told me about the free sno-cones, and I didn't believe her at first," added Dorn.

 

The Sno-Shack Takeover is one of the many ways Pelican gives back to its branch communities and encourages consumers to bank local. The credit union gave away 531 sno-cones to Rapides Parish residents last year and over $2,619 in cash during its Pineville Branch Grand Opening at 3628 Monroe Highway in January. 

 

 

ASI Youth Get Wild About Saving

ASI FCU (ASI) encouraged youth to get "Wild About Saving" during the month of April in celebration of National Credit Union Youth Month. During the month-long celebration, ASI shared financial tips and resources with members and encouraged youth to visit the credit union to learn more and start saving. More than 200 members under the age of 18 made deposits and 27 new accounts were opened by youth. These young savers deposited nearly $71,000 at the credit union in April.

 

 "By empowering youth with the knowledge and tools they need to understand the importance of budgeting and saving, we're equipping them with skills they will use for years to come," explained ASI President/CEO Mignhon Tourn?. "An important component of our vision of eliminating poverty in the communities we serve is helping youth learn lifelong financial management skills."

 

In addition to promoting good saving habits and smart money skills for children and teens, the month-long celebration gave youth an opportunity to win prizes! ASI awarded $50 gift cards to Roxanne L. (age 6), Jordan G. (age 5), Kiya H. (age 13), and Lydia B. (age 5) as winners of the ASI Youth Savings Challenge. Winners were selected by a random drawing from all entries received. Additionally, all entrants were given the opportunity to participate in the National Youth Saving Challenge? and a chance to win one of 25 $100 prizes.

Perez Named Vice Chair of CUNA Marketing & Business Development Council

Mia Perez, chief administrative officer of Louisiana Federal Credit Union, has been named vice chair of the CUNA Marketing and Business Development Council's executive committee.

 

The Marketing and BD Council announced executive committee and officers during their 22nd annual conference, which took place March 25-28, 2015 in Las Vegas.

 

The Marketing and BD Council is one of six volunteer-led Councils providing resources, information, networking and career development to credit union professionals. The Councils are led by a Forum consisting of two officers of each Council.

 

Click here for more information on CUNA's Councils. 

 

Pereira Selected to Stay Local's Business Advisory Board

Todd E. Pereira, Business Development Manager for Xplore FCU has been selected to Stay Local's Business Advisory Board. 

 

Stay Local is a non-profit membership organization devoted to raising the visibility and viability of the locally-owned, independent New Orleans businesses that are the backbone of New Orleans' economy, culture and character. They raise public awareness of the benefits of supporting locally-owned businesses by educating residents through talks, events, and via monthly newsletters and social media.

 

"I am thrilled to represent Xplore FCU on the Business Advisory Board. It will provide a platform to promote the credit union movement among many local business professionals," commented Pereira.

 

To find out more about Stay Local, visit their website at www.staylocal.org

Quote of the Week: 

"I cannot give you the formula for success, but I can give you the formula for failure: Try to please everybody."

-- Herbert Bayard Swope

Educational Calendar
  Upcoming Conferences & Seminars from your League:  

 

June 7-10:  SRCUS Director's Conference

July 29- Aug 1:
LCUL's Annual Meeting

 

Upcoming Teleconferences & Webinars from your League:

 

May 28: The ALLL in Troubled Debt Restructuring: Identifying & Accounting for Impaired Loans
 

June 2: Introduction to Call Reporting

June 3: Collection Call Techniques

June 4: Commercial Loan Application Danger Zones

June 9: BSA Compliance Series: BSA Officer Reports to the Board

June 10: Countdown to the Integrated Disclosure Deadline

June 16: When a Borrower Dies: Next Steps & Best Practices

June 17: New Accounts Series: Properly Handling Fiduciary Accounts: Authority, Ownership, Access & Liability

June 18: Stress Testing Your Loan Portfolio: Regulations, Risk & Impact on Value

June 23: IRA Series: Processing IRA Rollovers & Transfers

June 24: CU Basics for New Employees Part 2: Regulatory Issues, Exams, Audits

June 25: From Frontline to Teller Supervisor: Developing Skills & Making a Smooth Transition

June 30: Understanding Asset/Liability Management Concepts

 

For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".