Keeping you connected to key credit union news, events, and trends: May 2, 2018
In This Issue
Headline News

Registration Open for LCUL's 2018 Annual Meeting & Convention!



Welcome to CU Comic-Con!

Spiderman once said, ""With great power, comes great responsibility". Credit unions get it. Like superheros, you possess extraordinary powers but aren't necessarily invincible- your victories are hard fought through guile and effort. 

With that said, every good Superhero needs a sidekick and your "Justice League" is ready to suit up.  When we stand united, we can defeat any Legion of Doom that tries to stop us.  
 
IUnmask our secret identity at the Louisiana Credit Union League's 2018 Annual Meeting & Convention, August 1 - 4 in New Orleans . Join us as we leverage our individual superpowers and become one unbeatable force. 
 
No need to send up the Bat signal for help, registering is as simple as a click   .  We know superheros never sleep, but in case you want a place to hang your cape, you can make hotel accommodations by clicking here   .
 
Additional information on speakers, education sessions, and other events will be posted soon. Questions? Contact the  League's convention team today!
 
Important Dates to Remember:
 
June 8: Marketing Awards Deadline
July 6: Hall of Fame, Memorials Deadline
July 4: Discounted Room Rate Deadline
July 13: Early Bird Registration Deadline
 
LCUL's May 'Pre-Fab Marketing Toolkit' Focuses on #FurBabies

LCUL recently distributed May's 'Pre-Fab Marketing Toolkit', providing tips to share with your members and media outlets. This new resource provides timely, basic, and ready-to-go content to help increase member engagement via your communication channels (newsletters, websites, blogs, social media, etc).
 
Distributed the last week of the month, each toolkit includes articles, social media posts, and graphics as well as a template to share with your local media. Additionally, we pull media clippings of Louisiana credit unions in the news to help spark media outreach ideas.
 
To help maximize this resource or to start receiving the monthly toolkit, reach out to Lacey H. Weaver, VP of Communications & Public Relations.

With the strong support of Kudulis, Reisinger, and Price Law Firm (KRP), Louisiana's unique strategy to prevent the filing of ADA lawsuits against any Louisiana credit union has been successful.  To date, no lawsuits have been filed. We continue to monitor case filings, etc.  If this status changes, KRP and LCUL will coordinate a systematic defense.
 
For a complete report on KRP and LCUL's efforts on combating ADA lawsuits, please contact Lacey Weaver, VP of Communications and Public Relations. 


House Financial Services Chairman Jeb Hensarling (R-Texas) is supporting the Senate-passed Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). Hensarling said Thursday at the U.S. Chamber of Commerce that he's open to pathways that involve passing S. 2155 and tackling additional regulatory relief in separate legislation.

 House Chief Majority Whip Patrick McHenry (R-NC) and Sen. Mark Warner (D-VA) also discussed the bill this week, during a conference. McHenry said there are a few options the House could take to consider the bill, and he expected Speaker of the House Paul Ryan (R-Wis.) and Senate Majority Leader Mitch McConnell (R-KY) to work out the specifics.

 Warner, an original co-sponsor of the bill, said he does not expect the bill to pass the Senate a second time if the House alters it and sends it back.

Transaction Talk

White Paper: Card Fraud is Evolving
Over the past several years, there's been an evolution in card fraud. With the advent of the EMV chip card standard, criminals are changing their digital habits, adapting to consumer trends and moving on from the point of sale (POS). As a result, card-not-present (CNP) fraud has accelerated and shows no signs of slowing down.

Meanwhile, fraudsters are increasingly leaning into application fraud and with great success. The number of victims of new card account fraud is sharply rising - with crooks increasing their focus on private label credit and debit cards to find new profits.

 The onus is now on financial institutions and issuers to simultaneously build higher walls, increase customer engagement, and better utilize digital technology to navigate the ever-shifting sands of payment card fraud.

 In this new fraud trends white paper, FIS and Javelin examine how payment card fraud is manifesting at the application stage, during transactions, and then identifying opportunities for financial institutions and other card issuers to preserve relationships with their customers by preventing, detecting and resolving fraud.

 Download the FIS/Javelin fraud trends white paper.
 
News from CUNA Mutual

April 2018 CU Trends Report Now Available
CUNA Mutual Group's Credit Union Trends Report for April 201 8 is now available online , and can be accessed in the Compliance & Research section of our website, under the heading   Research & Information.

During February, credit unions picked-up 417,000 in new memberships, loan and savings balances grew at a 11.0% and 5.6% seasonally-adjusted annualized pace, respectively.  Additional highlights of this month's report include:
 
  • At the end of February, CUNA's monthly estimates reported 5,757 CUs in operation, 1 fewer than one month earlier. Year-over-year, the number of credit unions declined by 240, more than the 222 lost in the 12 months ending in February 2017.
  • Total credit union assets rose 1.5% in February, below the 1.6% gain reported in February of 2017. Assets rose 6.2% during the past year due to a 5.9% increase in deposits, a 16.6% increase in borrowings, and a 6.4% increase in capital.
  • The nation's credit unions increased their loan portfolios by 0.5% in February, faster than the 0.2% pace reported in February 2017. Loan balances are up 10.4% during the last 12 months. With loan balances growing faster than savings, credit union liquidity is tightening up as the credit union average loan-to-savings ratio reached 82.6%, up from 79.2% in February 2017.
  • Credit union memberships rose 0.37% in February, down from the 0.41% gain reported in February 2017. Memberships are up 4.6% during the past year due to robust demand for credit, solid job growth and comparatively lower fees and loan interest rates.
  • Credit union loan delinquency rates rose to 0.84% in February, above the long-run "natural rate" average of 0.75%. Expect the rate to fall in March due to tax refunds and bonuses allowing some members to catch-up on late loan payments.
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 Theresa Fonseca at (800) 452-7221, ext. 3020, or [email protected] .  
Webinar: 10 Vendor Due Diligence Checkpoints Webinar
May 16, 10:00 a.m.

A strategic vendor partnership is only as strong as its weakest link. How well do your current and potential vendors/partners measure up? It is a complex issue. This session will help you better understand potential exposures, help you align with your risk appetite, and share critical due diligence checkpoints. Register today!

Click here to continue reading. 
Products  & Services

Corporate One Joins Catalyst and Alloya in TranzCapture Check Processing Partnership
Corporate One FCU is the latest corporate credit union to join the TranzCapture, LLC strategic partnership, designed to provide credit unions nationwide, and their members, with quality check processing services well into the future. Corporate One joins Catalyst Corporate FCU and Alloya Corporate FCU in funding the TranzCapture CUSO and will transition its inclearing and deposit processing to a common platform hosted by Catalyst Corporate. 

"We are pleased to have Corporate One as part of this collaborative effort. Check processing is a volume business, and aggregation creates organizational strength," said Kathy Garner, President/CEO of Catalyst Corporate. "Shared ownership in the TranzCapture CUSO benefits the three corporates and member credit unions through greater control over product design, technological enhancements, time-to-market and costs."

Click here to continue reading.  
Have you Heard?

UNO FCU Teams up with UNO Alumni for Crawfish Mambo
Volunteers from UNOFCU spent the evening of Wednesday, April 18 helping the UNO Alumni Association promote their premier annual fundraiser, Crawfish Mambo, at 'Wednesday at the Square'. This event is a free outdoor concert by well-known local performers held in Lafayette Square in downtown New Orleans. This year, UNOFCU holds the exclusive position of hosting the highest level of sponsorship - the Privateer Sponsor.

 Crawfish Mambo ticket holders can spend Saturday, May 12 on the UNO campus sampling dozens of different crawfish boils cooked by teams competing for cash prizes, unique trophies and bragging rights. It's an all-you-can-eat crawfish extravaganza slated as New Orleans's largest crawfish boil with an all-star music line-up, Artists Village, and special area designated for the little ones.
 
Advance tickets are available online and at UNOFCU for $25. Children 7 & under are admitted FREE at this family-friendly event. Gates open at 11:00 AM with hot crawfish ready for serving. For more info visit Facebook.com/crawfishmambo.


Quote of the Week:
 "Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved."
-- Helen Keller
Educational Calendar
Upcoming Conferences & Seminars from your League:

May 9-10: Financial Technologies Conference
June 8-15: SRCUS CUNA Management School
June 12-14: University of Lending
June 24-26: Supervisory Committee Conference: Plus new Director's Track!
July 15-18: SRCUS Director's Conference
August 1-4: LCUL Annual Meeting & Convention
August 22-23: Branch Manager Forum 2.0

Upcoming Teleconferences & Webinars from your League:

May 3: Finance Charges: Getting It Right!
May 8: Analyzing TRID Tolerance Cures: Clarifying the Confusion
May 9: All You Need to Know About E-SIGN, E-Statements & E-Disclosures
May 10: Opening Business Accounts
May 15: Current IRA Issues
May 16: FFIEC Third-Party Risk Guidance
May 17: Top Escrow Compliance Exam Issues, FAQs & Field Audits
May 22: ACH Error Resolution
May 23: Real Estate Loan Workouts, Deeds in Lieu, Short Sales, Foreclosures
May 24: Consumer Loan Documentation
May 30: Increasing Fee Income Without Raising Fees
May 31: Job-Specific Compliance Training for Lenders
 
For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".
  
Copyright © 2018 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com