Keeping you connected to key credit union news, events, and trends: August 8, 2018
In This Issue
Headline News

That's a Wrap! Give Us Your Feedback on LCUL's 2018 Annual Meeting & Convention for a Chance to Win
Thank you to all our credit union Superheroes who joined us at LCUL's 2018 Annual Meeting and Convention last week.

 We'd love to get your feedback and input so that we can continue to bring you an event that exceeds your expectations.  Please click the link below to complete our online evaluation by Friday August 17.   Be sure to include your contact information if you want to be included in the prize drawings.
 

5 Inspirational Leaders Inducted into the Louisiana Credit Union Hall of Fame
The Louisiana Credit Union League inducted five individuals into the Louisiana Credit Union Hall of Fame last Thursday during the opening ceremonies of the 2018 Annual Meeting and Convention. This program has been established in order to recognize the valuable leadership, commitment, dedication, and contributions of credit union professionals and volunteers throughout their careers.
 
The 2018 inductees recognized during the opening ceremonies:
  • Dawn Harris, Campus Federal
  • Debbie Kidder, University of Louisiana FCU
  • Dr. Kenneth Paxton, Campus Federal
  • Michael Leonards, Meritus CU
  • Roy Walling, Barksdale FCU
"This year's Hall of Fame inductees reflect the very best cooperative values. Their demonstrated commitment to principles and their achievements have strengthened our local movement, made a lasting difference in the lives of many and the viability of the communities they serve," commented Bob Gallman, LCUL President/CEO.

A $500 donation on behalf of the inductee will be made to the Louisiana Credit Union Foundation. The donation will help foster educational programs for credit unions as well as monetary support sufficient to provide resources to Louisiana credit unions during times of natural disasters. The Hall of Fame program has raised more than $51,000 for the Louisiana Foundation since its inception.

LCUL Distributes 2017 Annual Report During Business Meeting
The Louisiana Credit Union League's 2017 Annual Report is now available in both video and print format. The information contained in this report was presented at our business meeting on Thursday, August 2.
 
The report can also be found on the League's website in the 'About Us' section at anytime. Please feel free to share with your staff and board members.

Gallman Talks Small Business Financing in Latest Article Published on LendEdu
LCUL President/CEO Bob Gallman was quoted in a recent article published on LendEdu regarding small business financing.  Gallman explains that the biggest hurdle for many entrepreneurs and small business owners is getting their feet off the ground financially.
Click here to continue reading.
CDFI & Lending Convening in Baton Rouge on August 21
Strengthening the CDFI Sector to  Play a More Effective Role in Louisiana

Louisiana credit unions are invited to a roundtable convening of industry leaders in Baton Rouge on  Tuesday, August 21 from 10:00am - 2:00 pm to discuss pressing issues facing the local movement, including combating predatory lenders and advancing the work of CDFI credit unions.
 
This half-day event will provide an opportunity to:
  • Examine the harms of payday lending among our members and communities
  • Explore coordinated responses from the credit union movement to educate and empower consumers against these predatory players
  • Establish a taskforce to develop an ongoing strategy for combating payday lending and advancing the work of CDFI credit unions
  • Network and build cohesion among Louisiana CDFI credit unions
Lunch will be provided for all registrants. Click here to register for the event!

To learn more, please contact Jules Epstein-Hebert, Federation Program Officer of Membership Services, at [email protected].

Professional Development

Limited Seating Remains! Coaching Skills for Managers & Supervisors, August 28-29
It's no surprise that seats are filling up fast for the always popular Rory Rowland's 2-day workshop on Coaching Skills. 


Last summer, so many of our Louisiana's credit union team leaders learned how to successfully transition from managing staff to effectively coaching them instead.    

If you were unable to attend last year or if you want to hear the basics of the coaching concept again, join us in Jackson MS on August 28.
If you are already employing this technique and want to take it up a notch, be sure to register for the advanced coaching session on day two, August 29.
 
Come for just one day or for both...you pick the level of training that is right for you! Click here t o see full details of the program agenda.  

 This program is a collaboration of the Louisiana Credit Union League & Mississippi Credit Union Association

Hot Topics Covered at LCUL's 
New Laws & Compliance Conference
new laws
LCUL brings together top presenters including Veronica Madsen, Jonathan Kudulis, and Richard Handrick to keep you informed of the latest legal and compliance changes that loom on the horizon.  

This conference is your one-stop shop to ensure you stay ahead of the updates that affect your credit unions and your membership.
Join us for topics that include:
  • The recent passage of SB2155 and what it means to credit unions.
  • Cybersecurity Compliance from A-Z
  • Update of Fair Lending and UDAAP
  • The Military Lending Act
  • Customer Due Diligence on Individual Accounts
  • NCUA Supervisory Priorities
  • Louisiana Specific Legal Changes
  • Compliance Idol: peer to peer idea sharing that asks attendees to bring a best practice, a success story, a current challenge or pose a question to the group.
Chapter News

East/West Orleans, Tri-Parish Chapters Host Interactive Lending Luncheon August 22
Have you Heard?

Neighbors FCU to Provide 'Jordan from Rouses' with a New Vehicle
Neighbors FCU has pledged to secure a new car for Jordan Taylor, the Rouses employee whose act of kindness has garnered media attention around the world. Neighbors President and CEO Steve Webb surprised Taylor with the announcement Monday morning during the Central Community School System Convocation.
 
By now, you've probably heard the story of Jack Ryan Edwards, the autistic teen who, while shopping with his father Sid Edwards at the Rouses on Drusilla, became mesmerized watching Jordan Taylor stock shelves of orange juice. Seeing his curiosity, Taylor invited him to help and patiently assisted Jack in completing this task for almost 30 minutes.

The video of the encounter quickly went viral as did a GoFundMe page set up for Jordan's education. His goal of becoming a teacher now seems in reach now that the fund has raised over $100,000. But this wouldn't be the only surprise in store for Jordan.

Due to the Edwards' family's long association with the Central Community School System, Jordan was asked to appear at their convocation at Greenwell Springs Baptist Church on Monday, August 6. When reaching out to Taylor, School Superintendent Joseph Fountain discovered that transportation would be an issue for him attending the event. In an effort to rectify the situation, Mr. Fountain reached out to Neighbors FCU to see about securing him a vehicle.
 
Neighbors has enjoyed a great relationship with Fountain and the Central Community School System through our Mascot Checking Program. Neighbors created a specialized checking account for Central High School and other surrounding schools. This checking account gives money to the school for every debit card swipe. Neighbors contributed a combined $21,383 to 11 participating schools during the 2017-2018 school year including Central High School.
 
"We are thrilled to extend a helping hand to a young man who has selflessly served his community," Webb said. "We hope that his random act of kindness will inspire many others to do the same." Neighbors will work with Taylor and community partners to provide the car as soon as possible.

Pelican State CU Busts Credit Union Myths in New eBook
"I didn't know y'all did that!" Credit unions hear this phrase continually, and it's no surprise-there are a lot of myths out there about us. In an effort to help educate the community, Pelican State CU wrote and released a 28-page eBook detailing 22 credit union myths and the facts that disprove them.
 
Ready for these myths to be busted? Check out https://pelicanstateofmind.com/CreditUnionMyths to download and read the eBook!

Campus Federal Awards Book Scholarship
Campus Federal awarded a Book Scholarship to Infinity Rogers for completing the Summer Scholars Program at LSU.

Summer Scholars are some of the brightest and most talented students attracted to LSU and enroll in summer school before their freshman fall semester. As part of their class experience, Campus Federal facilitated a financial education workshop to over 40 students. Topics included: responsible credit card use, developing and sticking to a budget and the importance of credit.

The award was presented to Ms. Rogers at the closing ceremony on July 27 at The Club at Union Square, formerly known as the LSU Faculty Club.

Lee joins CSE as New Marketing Supervisor
CSE FCU welcomes Heather G. Lee as Marketing Supervisor.  Lee brings over seven years' marketing and communications experience in the financial sector. She holds a Bachelor of Science degree in Mass Communications with a concentration in Public Relations from McNeese State University. As a member of mid-level management, Lee will oversee the marketing and communications team for the credit union, under the direction of senior management member, Colleen Desselle, Director of Marketing and Business development. 
 
"We are thrilled to have Heather join the CSE team," said Desselle.  "I am confident that she will make exceptional contributions to the continued success and upward growth of CSE."          
 
EFCU Financial Announces Minimum Wage Increase
EFCU Financial announced last week that effective August 6, 2018, minimum starting pay for frontline member service representatives, as well as some back office positions, will be $15 an hour. This increase of between one and three dollars an hour ensures that no position at the Credit Union will be paid less than $15 an hour. EFCU Financial is the first financial institution in the Greater Baton Rouge Area to make a sweeping change in support of financial wellness for its workforce.

"We are very pleased to be able to increase our minimum starting salary across the board for all positions paying less than $15 an hour," said Chief Executive Officer Tyler Grodi. "Not only do we want to provide a more livable wage, we are also investing in the future of our Credit Union with team members that feel valued and wish to grow along with us."

Grodi added that any staff member currently making less than $15 an hour will be increased to the new wage and that all positions will be reviewed over the next six to twelve months and any adjustments that need to be made to job descriptions and pay grades will also be made in 2019.
      
Quote of the Week:
"Optimism is the one quality more associated with success and happiness than any other."
- Brian Tracy
Educational Calendar
Upcoming Conferences & Seminars from your League:

August 22-23: Branch Manager Forum 2.0
September 18-19: New Laws & Compliance Conference
October 10-11: Marketing & Business Development Conference
October 24: Intermediate Accounting
November 13: IRA Update

Upcoming Teleconferences & Webinars from your League:

August 9: Expanding & Improving Your Required IT Risk Assessment
 August 14: Advertising & the New Media Mix: What's Right for You?
August 15: Final Preparation for CFPB's TRID Amendments, Effective October 1, 2018
August 16: Fair Lending Comparative File Review
August 21: Conducting the Annual Physical Security Review
August 22: Stress Testing Your Loan Portfolio
August 23: Opening Minor Accounts
August 28: When ACH Fraud Occurs: ODFI & RDFI Responsibilities & Liabilities
August 29: Managing Provisional Credit Under Reg E
 August 30: Regulatory Requirements for the Board & Senior Management

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