Keeping you connected to key credit union news, events, and trends: January 24, 2018
In This Issue
Headline News

Louisiana Heads to Washington, D.C. with Two Crashers for CUNA GAC!
LCUL is pleased to announce that Chad Miller with Southwest LA CU and Christiana Beckham with Neighbors FCU have been selected to attend Crash the GAC 2018 by The Cooperative Trust and Credit Union National Association.    

C. Beckham
Crash the GAC is a career-changing program for credit union young professionals that allows them to experience CUNA's Governmental Affairs Conference in a dynamic way with exclusive networking opportunities and mentoring sessions with industry leaders, previously from organizations such as Filene Research Institute, National Credit Union Foundation, Credit Union National Association, and CUNA Mutual Group.
 
C. Miller

"The Crashers program is great for young credit union professionals, for GAC, and for the entire movement," said CUNA CEO and President Jim Nussle. "The Crashers get to network and participate in the premier event of the credit union industry, the GAC benefits from their enthusiasm and fresh perspectives, and the movement is invigorated by a new generation of fired-up advocates who have learned how to reach out to legislators to effect change."
 
This year 78 Crashers will attend Crash the GAC representing all 50 states and the District of Columbia.
 
"As we continue to grow The Cooperative Trust and Crash opportunities, we're always challenging ourselves to elevate and advance the program to provide the most impact for young professionals and the credit union system," says Lauren Culp, Manager of The Cooperative Trust. "We know that it's more important than ever that young people have a voice and are included in the conversation as we look to the future of our industry. This year, thanks to the generous donations of several forward-thinking credit unions, we're thrilled to provide the Crash the GAC opportunity to an additional 26 young professionals."
 
The Crash the GAC is brought to you by The Cooperative Trust and CUNA, in association with Credit Union Leagues/Associations.

2017 3rd Quarter LA Credit Union Profiles & Milestones Report Available on LCUL Website
The Louisiana Credit Union League works with CUNA's Economics & Statistics Department to analyze quarterly data submitted by credit unions to NCUA, and then provides a quarterly report showing trends in various areas. These areas include loan & savings growth, risk trends, membership trends, and more.

We also provide a "milestones" report that looks at top credit unions in the areas of loan penetration, share draft penetration, and average savings balances; this report also highlights credit unions that have reached and exceeded certain amounts for assets, members, and loans.  The reports for the 3rd quarter of 2017 are now complete, and have been posted to the League's website.

Click here to access the reports.
Last Chance to Participate in the 2017 LA/MS Credit Union Compensation Survey
Setting competitive pay structures for your employees can be a challenge and involves careful consideration of many factors. In order to assist you in this task, the Louisiana Credit Union League and the Mississippi Credit Union Association sponsor a joint compensation survey every two years to gather current information on the salary and benefits offered by credit unions.
 
The 2017 LA/MS Credit Union Compensation Survey is now in progress. We need your assistance to make this survey a success.

Click here to participate in the survey.
 
This report will prove to be invaluable to you in setting fair wages for employees. Each credit union that completes the survey in full will receive a complimentary electronic copy of the report (a $300 value).  Credit unions that do not participate in the survey will be given the option to purchase the electronic version of the survey. 
 
If you have any questions, please contact Theresa Fonseca, LCUL Administrative Coordinator at (800) 452-7221, ext. 3020 or [email protected].
Latest Issue of 'President's Perspective' Distributed
LCUL recently distributed the latest issue of President's Perspectives, a message from LCUL's President/CEO sent periodically to keep you updated on League strategies and initiatives. In this issue, Anne Cochran discusses the collaborative successes of 2017 and what lies ahead for 2018.

Cochran states, " 2018 is going to be a year of amazing transformation for the Louisiana credit union movement. Before we know it, your next CEO will be ushered in, building on the 83-year legacy of the association, while also demonstrating innovation, progressiveness, confidence, strength, and trust. Here at the League, we've positioned ourselves for this transition and are ready to move forward with you in the driver seat."



Louisiana CUs: 
Start The Year With This Performance Summary by CUAnalyzer
CUAnalyzer is an online financial analysis tool that makes it easy to compare your credit union with local, regional, and industry peers based on criteria like asset size, financial performance, and business model.

Louisiana Credit Union League has access to CUAnalyzer through its affiliation with the Louisiana Credit Union League. Log in now to get started.
Louisiana Credit Unions vs. All U.S. Credit Unions:

 CUAnalyzer has many pre-built reports you can easily customize for your credit union. One of our favorites: The Performance Summary. We've included the summary for All Credit Unions in The U.S. versus Louisiana Credit Unions.   Click to access the Performance Summary and customize this report for your credit union.

 Need help? Sign up for a free Callahan training or contact a member of the League's CU Support Team.  
Professional Development

Video: Hear from Rory Rowland About Adding WOW to your Member Service
Looking to add a little WOW to your member service? Learn from fan-favorite Rory Rowland why this is program is a MUST attend for your team. Click here to register!

Member Service with WOW
Member Service with WOW

Have You Heard?

Pelican State CU Hosts Fee Financial Wellness Workshop for Prairieville Community
Pelican State CU is hosting a free Community Financial Wellness Workshop on understanding credit reports and scores for Prairieville and the surrounding community on Tuesday, January 30, at the Oak Grove Community Center on Highway 42.
 
Pelican's Nationally Certified Credit Counselor April Gomez will break down credit reports and scores in this workshop. Attendees will receive tips for improving their credit score, learn why a strong score is important and more! Doors open at 5:30 pm, and the workshop begins at 6:00 pm.
 
Like all Pelican-hosted events, this workshop is free and open to the public. The credit union will also be giving out door prizes and providing a free jambalaya dinner for all attendees. Credit union membership is not required to attend the event, receive dinner or be eligible to win a door prize.
Quote of the Week:
" "I attribute my success to this--I never gave or took an excuse."
- Florence Nightengale
Educational Calendar
Upcoming Conferences & Seminars from your League:
February 25 - March 1:
CUNA GAC
March 22:  Member Service with WOW

Upcoming Teleconferences & Webinars from your League:

January 25: Same Day ACH Final Phase, Effective March 15, 2018
January 30 : Compliance Series: Job-Specific Compliance Training for the Frontline
January 31: Understanding Personal Tax Returns Part 1: Schedules A, B, C & D
Feb. 1: Exercising the Right of Setoff on Deposit Accounts & Loans
Feb. 6: Fair Lending Challenges for HMDA Data Rule Change
Feb. 7: Emerging IT Technologies 2018: What Are They & Do They Matter?
Feb. 8: Simplifying the Compliance Function: Tools & Checklists to Keep You on Track
Feb. 13: Countdown to New Reg E Prepaid Card Rules Effective April 1, 2018
Feb. 14: Preparing for the New Mortgage Servicing Rules: Effective April 19, 2018
Feb. 15: Directors' Role & Responsibilities When a Data Breach Occurs
Feb. 21: Security Officer Reports to the Board: What is Required?
Feb. 22: Opening Consumer Accounts: Regulations, CDD & Documentation
Feb. 27: Understanding Personal Tax Returns Part 2: Schedules E & F
Feb. 28: CECL Rule Overview: Preparation, Planning & Data Collection
     
For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".
  
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(800) 452-7221   www.lcul.com