Keeping you connected to key credit union news, events, and trends: May 17, 2017
In This Issue
Headline News

Latest Issue of Membership@Work Now Available
Check out what Louisiana CUs have been up to!

LCUL recently distributed the latest edition of Membership@Work, which provides a snapshot of the activities, initiatives and services provided by the League and CUNA. 

Throughout the quarter, the League and CUNA continued to deliver critical compliance support, industry-leading education opportunities, membership growth resources, and influential advocacy efforts on behalf of Louisiana's credit unions.

 Click here to download our latest Membership@Work issue.

 Remember, you can always download the latest Membership@Work on the League's website.

How Efficient is Your Credit Union Compared to Other Louisiana CUs? 
As of Dec. 31, 2016, the average efficiency ratio for the credit union industry was 73.4 percent. With efficiency, the lower the number, the better. Another way to read or interpret 73.4 percent is to put it in context of what it's measuring; for example, on average, credit unions spent $0.74 (rounded up) to earn $1 of revenue.
Do you know how efficient your credit union is compared to other credit unions in Louisiana, or credit unions of similar size across the country? Log in to CUAnalyzer and view your credit union's efficiency ratio.

You have access to CUAnalyzer through the Louisiana Credit Union League. 

Efficiency at Louisiana CUs:



When analyzing efficiency, it's important to take the following factors into consideration:
  • Asset Size: Typically larger credit unions are more efficient simply due to economies of scale.
  • Business Model: If you operate more branches than similarly sized credit unions you might expect to see a higher than average efficiency ratio.
  • Income: The efficiency ratio divides a credit union's operating expenses by total income. If a credit union is earning more income, it will have a lower efficiency ratio.
Click here to learn more about CUAnalyzer and your credit union's efficiency ratio. 

May Dividend, Loan Pricing Guidelines Available on LCUL Website
LCUL  is pleased to provide affiliated credit unions with monthly dividend and loan pricing guidelines, as well as Money Market Trends, available via our website at ( www.lcul.com ).

Guidelines for May 201 7 have just been posted. Click here to access the link . These guidelines are provided by Dr. Charles R. Idol, ALM Consulting & Research. Dr. Idol can be reached at (423) 212-0690 or cridol@charter.net .
Just for Fun: Why LinkedIn Is About to Become Scary Good
With its recent unveiling of some new, data-driven user engagement tools, LinkedIn is setting the stage to become an indispensable tool in B2B sales and marketing.

If you are still not convinced of the power of LinkedIn for sales and marketing, listen to this announcement about the platform's game-changing new job and recruiting features.

Click here to continue reading.
Professional Development

Calling All Managers: You Won't Want to Miss This!
June 7th - Bossier City

Don't miss this action and solution focused workshop to enhance your managerial skills.
 
Rory Rowland is excited to return to Louisiana to work with directly with credit union managers.  Get ready to learn the secrets, tips and coaching techniques to excel at your leadership & managerial role.  Whether your credit union has just one branch or multiple branches,  this workshop brings all managerial issues and situations to the forefront & learning opportunities for all!
 
Join your management peers to learn how to build a team that works together and how to coach and motivate that team to be committed to success!
 
Here are the reasons you NEED to be at this workshop:
  • Learn effective coaching techniques & practice them in a safe environment
  • Discover the value of intrinsic motivation
  • Prevent resistance with a simple training technique
  • Unlock the mystery of the Underperformer
  • Master the keys to time management
  • Reveal the Pygmalion effect
  • Uncover how to leave a legacy
  • Best practices idea exchange
  • Bring your questions and your recurring issues and discuss solutions with your peers! 

Rory's exuberance for finding solutions is contagious.  You'll find out for yourself why your Louisiana peers had this to say when Rory joined us last September:  "Rory is my favorite presenter I have ever attended thus far, He keeps it interesting as well as entertaining."  Sign up now before this event fills up!
YPN

Members of Lafayette YPN Help at Local Food Bank
The Lafayette Chapter of Young Professionals Network gathered at the FoodNet Food Bank of Acadiana on May 3, 2017. This YPN meet up allowed young credit union professionals to network while fulfilling the "people helping people" motto by giving back to the community. It was a definite success. Together, YPN members sorted and bagged food for local families in need. 
Have You Heard?

ASI FCU Recognizes Youth Savings Month, Encourages Parents to Have the Financial Talk Early and Often
According to the 2016 National Report Card on Adult Financial Literacy, Louisiana is one of the least financially literate states in the U.S.

"There is a great need in our community for financial education as many individuals lack the understanding to successfully navigate our complex financial system," stated Sonya Jarvis, President and CEO of ASI FCU. "The earlier and more often we reach youth and teach them the importance of saving and making financially sound decisions, the more likely we break down the barrier to economic and social empowerment".

Throughout the month of April, Credit Unions across the country recognized Youth Savings Month. 

 ASI FCU understands that every saver is unique, but most people who save regularly developed the habit early in life. Learning to delay gratification and save for long-term goals is a crucial life skill that ASI is committed to helping our youngest members develop. To this end, ASI has created products and services designed specifically to start youth on the right track to success including minor savings accounts, student checking, and access to financial education through our counseling team.

To further encourage youth saving during the month of April, members entered a raffle where four young savers received gift cards to Toys R Us.

Jarvis mentions, "ASI strives on providing financial education and being a primary financial institution for our members. That is why we devote our efforts to providing the right products and services at the right time, to help individuals in our community prosper".
New Orleans Firemen's FCU Hosts All Fired Up Chili Cookoff
On Friday, May 5, New Orleans Firemen's FCU (NOFFCU) hosted their first All Fired Up Chili Cookoff. Employees of the credit union prepared their unique chili recipes, with the winner being chosen from an independent panel of judges. The first place winner of the chili cookoff was Toni Woodson. Toni is the Regional Manager of NOFFCU's South shore branches.

 Toni will go on to represent NOFFCU in Xpress Data Inc's Fifth Annual Credit Union Chili Challenge in San Diego, CA. She will compete against other credit unions for $14,000 in total prize money for their favorite charities, with the 1st place winner moving on to the World's Championship Homestyle Division. Toni will also become a card carrying member of the International Chili Society, courtesy of Xpress Data Inc.

 When asked about winning the competition, Toni Woodson said, "Chili is not my 'thing' but, cooking and being competitive is. I was so excited that I won. All of our chefs were fired up!"

 NOFFCU staff also voted on a People's Choice Award. The winners of this category were Kimberly Benoit (First Place); Amy Rodriguez (Second Place); and Liliam Orellana (Third Place).


Xplore FCU Supports Animal Rescue New Orleans
For the seventh consecutive year, Xplore FCU held a month long fundraiser supporting Animal Rescue New Orleans (ARNO). This is a volunteer run organization whose mission is to save and accommodate lost and abandoned animals in the New Orleans area. They are the only non-kill shelter in our region.

 Activities implemented to drive support included, photos of ARNO animals displayed in branches and e-blasts featuring a "Pet of the Week". Promotional items were also offered to members and employees to help raise funds. ARNO & Xplore logoed t-shirts were the hottest item with several sold. Paw prints which members and employees could write their names on were also offered and posted throughout the branches. Through these fundraising efforts, over $900.00 was raised for this worthy cause.

 Xplore FCU's efforts culminated with a Spring Pet Adoption Event held at its branch in Metairie. Free pizza and snacks were offered. Several dogs and a bunny were on display at the event and attendees were able to visit with the animals and place adoption applications for the ones they fell most in love with. Many applications were generated in addition to increasing awareness about ARNO. The credit union was even able to find a home for two of their four legged friends!


Quote of the Week:
"Always let your talents do the talking. Never your tantrums."
- Rasheed Ogunlaru

Register for LCUL's 2017 Annual Meeting!

Educational Calendar
Upcoming Conferences & Seminars from your League:    

June 7: Branch Manager Forum
June 9-16: Southeast CUNA Management School
June 21-22: Underwriting & Collections: Understanding the Roles and the Importance of their Relationship  
July 26-29:  LCUL's Annual Meeting & Convention
 
Upcoming Teleconferences & Webinars from your League

May 11: Surviving an FFIEC IT Security Exam
May 16: Securing Collateral Part 3: Legal & Compliance Issues in Obtaining Priority in Collateral
May 17: Risk Management Series: Conducting an RDC Risk Assessment
May 18: HMDA Data Collection Rules: Preparing for the January 1, 2018 Changes
May 23: Reg E Series: How to Handle Unauthorized Electronic Fund Transfers Under Reg E
May 25: 12 Key Elements of an Effective Digital Marketing Strategy
May 31: Mastering Escrow Compliance: Analysis, Rules, Forms & Accounting
June 1:  Developing the Perfect Sales Conversation
June 6: Developing an Effective Process for Change Control: Shared Responsibilities, Implementation & Monitoring
June 7: Report Writing for Auditors: Tips, Tools & Best Practices
June 8: Revisiting TRID Line-by-Line Part 2: Closing Disclosure
June 13: Traditional & Roth IRA Plan Establishment & Required Amendments
June 14: Reporting Member Credit & Effectively Managing Credit Disputes
June 15: Debit Card Chargebacks: Rules, Rights, Challenges & Best Practices
June 20: Supervisory Committees: Understanding Expectations & Avoiding Landmines
June 21: Real Estate Series: Adverse Action in Mortgage Lending: Are You in Compliance?
June 22: BSA Compliance Series: New BSA Officer Training
June 27: My Borrower Filed Chapter 11 Bankruptcy - Now What?
June 28: The Top 10 Things You Need to Know About the CFPB's Amendments to Mortgage Servicing Requirements Before October 19
June 29: ACH Specialist Series: Same Day ACH: Preparing for Processing Debits, Effective September
July 6: Director Series: Effectively Assessing Credit Risk & Defining Credit Risk Appetite for Directors
July 10: Wire Transfer Security Issues: Regulatory Guidance, Risk Management & Monitoring
July 12: Regulatory Requirements When Employees Work from Home: Overtime, FMLA, ADA, Safety & More
July 13: Call Reports: Financial Statements & Schedules B-E
July 18: Creating an Effective Suspicious Activity Program: 
July 19: Regulation E Series: Regulation E Fundamentals: Back to Basics
July 20: Working with Troubled Members: Loan Extensions, Deferments, Re-Aging, Refinancing & Incentives
July 25: 20 UCC Provisions You Must Know When Cashing or Depositing Checks
July 26: E-Compliance Rules, Policies & Best Practices for Email, Web, Mobile & Social Media
July 27: Risk Management Series: Conducting a Fair Lending Risk Assessment
     
For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".
  
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824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com