Keeping you connected to key credit union news, events, and trends: December 13, 2017
In This Issue
Headline News

LCUL, CUNA Urge Support for CU Reg Relief Bill
LCUL and CUNA are urging credit union advocates to help support the Economic Growth, Regulatory Relief and Consumer Protection Act.

 The bipartisan bill (S.2155) would make the process for obtaining mortgage loans from credit unions easier and more straightforward for consumers. The bill was reported out of the Senate banking committee last week. The next steps for the bill will be a debate and a vote on the Senate floor.

 According to CUNA's analysis:

"The bill contains a credit union-specific regulatory relief provision that would exempt one-to-four unit, non-owner occupied residential loans from a credit union's member business lending cap, freeing up to as much as $4 billion in additional capital credit unions could lend.

Other provision would also offer regulatory relief through changes to mortgage servicing and lending rules, help protect reporters of suspected senior abuse and require the Treasury to study cyber risks."
Credit union advocates can use CUNA's Grassroots Action Center to contact members of the Senate and ask for support on the bill. For questions, please contact LCUL's Governmental Affairs Department.
LCUL's 2018 Candy Sale is Underway!
WFC LCUL's 2018 CULAC candy sale is officially underway. Credit unions can now place orders online through our web portal. Below are a couple of reminders: 
  • All orders must be placed through our website: http://www.lcul.com/culac-candy-sale 
  • There will now be THREE opportunities to place orders (January 16, February 15, March 15)
  • Those with an initial order of 50 boxes or more will have your order drop shipped to your credit union directly.
  • Return Policy: Almonds and Bars are returnable, however, specialty candy such as raisins, crispy bars, mint meltaways, caramel whirls, and the variety pack are not able to be returned. 
Additional information such as distribution locations and promotional marketing material can be found on the League's website.
 
Remember, selling candy is a simple way for your credit union to support CULAC. If you did not sell candy last year and are interested in learning more, please contact the CULAC team today!  

Get The Most Out of In 2018: 3 Tips to Get Started 
CUAnalyzer
Louisiana credit unions hve access to CUAnalyzer through its affiliation with the Louisiana Credit Union League. Log in now to get started.

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. With 100+ pre-built graphs and displays and 25+ pre-built packets, it's easy to export data specific to your credit union to share with your team and board.

Three Tips To Get Started With CUAnalyzer...

TIP 1: Set Your Peer Group
There is no right or wrong peer group to use. Our analyst team recommends a few to get started:
  • Asset Size - compare your credit union to credit unions nationally of a similar size
  • Geography - compare your credit union to credit unions in your city or state
  • Business Model- compare your credit union to credit unions with a similar loan portfolio, branch network, or number of members served.
Click here to learn more about setting up peer groups.

TIP 2: Set Up Auto-Send For Key Reports Or Packets
We understand your time is valuable, which is why you can set reports to automatically send to you and your staff every quarter when new data is released each quarter. Click here to learn how to send reports automatically via email.

TIP 3: Sign Up For An Upcoming Training
We want to ensure your credit union is maximizing the value it can get from CUAnalyzer. Sign up for our monthly training, to learn the most valuable tips, tricks, and shortcuts.

Sign up for the next training on Wednesday, December 13 at 3:00 p.m. or Wednesday, January 10 at 3:00 p.m.

Professional Development

Seats Are Filling Up Fast! Register Today for LCUL's Leadership Academy
We polled credit unions earlier this fall to ask what topics you wanted training on in 2018.   Leadership topics emerged as your top pick so let's start 2018 with a little negotiation, mediation, delegation, communication and motivation!!

 Dr. Charles Lankau has been working with credit union leaders for over 16 years by teaching Negotation Skills & Employment Law at the Southeast Regional CUNA Management School (SRCUS).  

He knows that credit union leaders face greater demands requiring a broader skill set than ever before. Join us as we learn to:

  • Become confident and strong Negotiators. 
  • Manage and Mediate Conflict Situations
  • Build trust among your team through Delegation and Communication. 
  • Create a fair and inclusive workplace environment that engages employees of diverse ages, races, religions, skill sets and career goals.
  • Delve into a discussion of employment law that we all need to be aware of
  • Cultivate an environment of workplace Motivation
  • We'll also role play, share best practices and more!

Some of your Louisiana peers who are graduates of SRCUS share their input on his classes:

 

"He is a must see presenter!  Dr. Lankau keeps you on your toes the entire time, engaged with relevant topics and tangible takeaways.  His interaction with the class and first-hand experience brings it all together for ease of incorporating at any size credit union."


- Michelle Jinks, CEO of Access of LA FCU


 

 "I only thought I knew how to negotiate fairly well until I took Dr. Lankau's class at SRCUS.  He introduced new ideas and approaches to different situations to help me to think outside of my comfort zone and advance my career."


- Lindsay Risinger, CEO of Barton Plant Employees FCU.

  

Click Here for More Information & Registration.

Products & Services

Love My CU Rewards: Enhance the Value of Membership with TurboTax
Did you know that the Love My Credit Union Rewards TurboTax program provides your members with savings on TurboTax federal products? The program also helps you enhance the value of members and build member loyalty. Many of your members may already be using TurboTax and not getting a discount. Help your members save on TurboTax this coming tax season!
 
Member Benefits: 
  • Save up to $15 on TurboTax with maximum refund guaranteed
  • CompleteCheck - Guides members through fixing errors before filing, checks for missing and incomplete information
  • W-2 Snap - Members take a snapshot of their form and TurboTax auto-fills the information
  • 100 percent Accurate Calculations Guarantee
Credit Union Benefits: 
  • Build member loyalty and enhance the value of membership
  • Capture refunds - Over $238B in refunds were directly deposited into financial institutions last tax season
  • Add new recurring revenue streams; cross-sell your products and services
Visit Love My Credit Union Partner Center to learn more and enroll your credit union today!
Quote of the Week:
"Do not be too timid and squeamish about your actions. All life is an experiment."
- Ralph Waldo Emerson
Educational Calendar
Upcoming Conferences & Seminars from your League:
January 14-15:
Dues Subsidized: NCUF Simulations Training
January 24-25:
Leadership Academy
February 25 - March 1:
CUNA GAC

Upcoming Teleconferences & Webinars from your League:

December 6: BSA Compliance Series: Job-Specific BSA Compliance for Lender
December 7: New Security Officer Training: Responsibilities, Best Practices & Skill-Building Tools
December 11: Critical HMDA Issues for HELOC Applications & Coverage Changes for Commercial Lenders
December 12: All About 1099 Reporting Part 2: Forms 1099-INT & 1099-MISC
December 13: Risk Management Series: ACH Risk Management & Assessment: Risks, Controls & Ratings
December 14: Real Estate Series: Mortgage Loan Disclosure Timing Issues
December 19: The ALLL with TDRs & Foreclosed Assets
December 20: Preparation Plan for CDD Changes to Beneficial Ownership Rules
     
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